#PI 【The ups and downs of the crypto world are just the norm】
Many people do not know how Ethereum came about and how it has come this far. Today, I will share its journey with you. It is truly filled with blood and tears, a thousand times more exciting than a TV drama. 🌹Phase 1: In July 2014, ETH was issued at a price of 1.86 yuan. After issuance, it traded sideways in the range of 1.4 yuan to 2 yuan for a whole year. Most people couldn't hold on and sold, basically not making any profit, and some even incurred losses. 🌹Phase Two: In August 2015, it rose to 23 yuan, finally increasing 12 times. Many people took profits and exited. In November, it fell back to 2.7 yuan, with a drop of 90%. During this significant rise and fall, over 90% of people had sold their coins and exited, with some even incurring losses. Phase Three: The year 2016 was even more exciting. In March, it started a surge mode, directly rising to 98 yuan, increasing 36 times in just one month, but unfortunately, less than 10% of people enjoyed this wealth appreciation. In April, a bolt from the blue, it fell to 45 yuan, and many people began to shout that Ethereum was a scam, not knowing that in June it rose directly to 138 yuan, in August it fell to 54 yuan, in September it rose to 92 yuan, and in December it fell to 38 yuan. This year can be described as magnificent, with ups and downs. Although the third phase of 2016 has been turbulent, it has laid the dual foundation of Ethereum's popularity and market. So in March 2017, it rose all the way to 350 yuan, a ninefold increase in three months, and then the well-known "ICO" was popular in China, all projects were issued on the Ethereum public chain, and all projects raised ETH. In June 2017, it rose to 2,660 yuan, 70 times in six months, fell to 850 yuan in July, a decrease of 78%, rose to 2,520 yuan in October, rose to 3,280 yuan in November, and rose to the highest level of 9,100 yuan in January 2018. In more than three years, Ethereum has risen by a total of 4,900 times; 🌹Phase Four: In 2018, the bear market washout mode was initiated. Starting in March, the price dropped from over 9000 yuan to 2280 yuan, a drop of 75%. In April, it rose again to 5380 yuan, but by September it fell to 1070 yuan, a drop of 88%. The most drastic was in December when it dropped to 525 yuan, a drop of 90%. 🌹Phase 5: In June 2019, it rose to 2350 yuan, and by December it fell to 720 yuan. In March 2020, everyone was scared to death when 312 came, plummeting to 550 yuan, a drop of over 88%. It wasn't until the rise of Defi from October to December that things improved, reaching 5720 yuan. Then, it began to rise again. 🌹Stage Six: On November 10, 2021, it rose to 31,200 yuan. In less than 7 years, it has increased by 15,000 times. If you had invested 1,000 yuan back then, you would have 15 million yuan now. Ask yourself honestly, could you really hold on to it?
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#PI 【The ups and downs of the crypto world are just the norm】
Many people do not know how Ethereum came about and how it has come this far. Today, I will share its journey with you. It is truly filled with blood and tears, a thousand times more exciting than a TV drama.
🌹Phase 1: In July 2014, ETH was issued at a price of 1.86 yuan. After issuance, it traded sideways in the range of 1.4 yuan to 2 yuan for a whole year. Most people couldn't hold on and sold, basically not making any profit, and some even incurred losses.
🌹Phase Two: In August 2015, it rose to 23 yuan, finally increasing 12 times. Many people took profits and exited. In November, it fell back to 2.7 yuan, with a drop of 90%. During this significant rise and fall, over 90% of people had sold their coins and exited, with some even incurring losses.
Phase Three: The year 2016 was even more exciting. In March, it started a surge mode, directly rising to 98 yuan, increasing 36 times in just one month, but unfortunately, less than 10% of people enjoyed this wealth appreciation. In April, a bolt from the blue, it fell to 45 yuan, and many people began to shout that Ethereum was a scam, not knowing that in June it rose directly to 138 yuan, in August it fell to 54 yuan, in September it rose to 92 yuan, and in December it fell to 38 yuan. This year can be described as magnificent, with ups and downs.
Although the third phase of 2016 has been turbulent, it has laid the dual foundation of Ethereum's popularity and market. So in March 2017, it rose all the way to 350 yuan, a ninefold increase in three months, and then the well-known "ICO" was popular in China, all projects were issued on the Ethereum public chain, and all projects raised ETH. In June 2017, it rose to 2,660 yuan, 70 times in six months, fell to 850 yuan in July, a decrease of 78%, rose to 2,520 yuan in October, rose to 3,280 yuan in November, and rose to the highest level of 9,100 yuan in January 2018. In more than three years, Ethereum has risen by a total of 4,900 times;
🌹Phase Four: In 2018, the bear market washout mode was initiated. Starting in March, the price dropped from over 9000 yuan to 2280 yuan, a drop of 75%. In April, it rose again to 5380 yuan, but by September it fell to 1070 yuan, a drop of 88%. The most drastic was in December when it dropped to 525 yuan, a drop of 90%.
🌹Phase 5: In June 2019, it rose to 2350 yuan, and by December it fell to 720 yuan. In March 2020, everyone was scared to death when 312 came, plummeting to 550 yuan, a drop of over 88%. It wasn't until the rise of Defi from October to December that things improved, reaching 5720 yuan. Then, it began to rise again.
🌹Stage Six: On November 10, 2021, it rose to 31,200 yuan.
In less than 7 years, it has increased by 15,000 times. If you had invested 1,000 yuan back then, you would have 15 million yuan now. Ask yourself honestly, could you really hold on to it?