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#PI Many people do not know how Ethereum came to be and how it has developed along the way. Today, I will share the experiences from this journey, which have truly been filled with turmoil and upheaval, a thousand times more exciting than any TV drama.
🌹Phase 1: In July 2014, ETH was issued at a price of 1.86. After its issuance, it stabilized within a range of 1.4 to 2 for an entire year. Most people could not hold on and sold, basically not making any profit, and some even incurred losses.
🌹 Stage Two: In August 2015, the price rose to 23 yuan, ultimately increasing by 12 times. Many people took profits and exited, but in November, it fell back to 2.7 yuan, marking a decline of 90%. During this dramatic rise and fall, over 90% of people chose to sell B and leave, while some still faced losses.
Stage Three: 2016 was an especially exciting year. In March, it entered a surge mode, skyrocketing to 98 Yuan, increasing 36 times in just one month. Unfortunately, less than 10% of people enjoyed this wealth growth. In April, it was a bolt from the blue, dropping to 45 Yuan, and many began to shout that Ethereum was a scam. What they didn't know was that in June it surged to 138 Yuan, then fell to 54 Yuan in August, rose to 92 Yuan in September, and dropped to 38 Yuan in December. This year was truly brilliant, full of ups and downs.
In the third phase of 2016, although there were many ups and downs, it laid the double foundation of Ethereum's popularity and market. So in March 2017, it soared directly to 350 yuan, an increase of 9 times in three months, and then there was a famous "ICO" boom in China, where all projects issued tokens on the Ethereum public chain, and all projects raised funds in ETH. In June 2017, it rose to 2,660 yuan, an increase of 70 times in half a year, and fell to 850 yuan in July, a decrease of 78%. It rose to 2,520 yuan in October and 3,280 yuan in November. In January 2018, it reached a peak of 9,100 yuan. In total, Ethereum has grown 4,900 times in just over three years.
🌹 Stage 4: In 2018, the bear market wash pattern was launched. Since March, the price has fallen from more than 9,000 yuan to 2,280 yuan, a drop of 75%. It rose again to 5,380 yuan in April, but fell to 1,070 yuan in September, a decrease of 88%. The most dramatic drop occurred in December, when the price fell to $525, resulting in a 90% drop.
🌹 Phase 5: In June 2019, the price rose to 2350 yuan, then dropped to 720 yuan in December. In March 2020, the terrifying 312 came, and the price plummeted to 550 yuan, a decline of over 88%. It wasn't until the rise of DeFi from October to December that the situation began to improve, with the price rising to 5720 yuan. It then started to rise again.
🌹Phase Six: On November 10, 2021, the price rose to 31,200 yuan.
In less than 7 years, it has increased by 15,000 times. If you had spent 1,000 yuan to buy it at that time, you would now have 15 million yuan. Honestly ask yourself, can you really hold on? #BTC #ETH #PI #Trump’s Digital Asset Summit Speech