"How Did Ethereum Come About?" Popular Science

Many people don't know how Ethereum originated and how it has progressed along the way. Today, I will share its journey with you. The story is truly filled with blood, sweat, and tears—more exciting than a TV drama by ten thousand times.

🌹 Phase One: July 2014, ETH was issued at a price of 1.86 yuan. After issuance, it hovered in the 1.4 to 2 yuan range for a whole year. Most people couldn't hold on and sold, basically earning nothing, some even losing money.

🌹 Phase Two: August 2015, it rose to 23 yuan, a 12-fold increase. Many took profits and exited. By November, it fell back to 2.7 yuan, a 90% decline. During this big rise and fall, over 90% of people had already sold out, some even selling at a loss.
2016 was an even more exciting year. In March, it entered a rapid growth phase, soaring to 98 yuan, a 36-fold increase in a month. Unfortunately, less than 10% of people enjoyed this wealth increase. In April, a thunderbolt struck—dropping to 45 yuan. Many started shouting that Ethereum was a scam. Little did they know, in June it surged again to 138 yuan, then fell to 54 yuan in August, rose to 92 yuan in September, and dropped again to 38 yuan in December. The year was full of ups and downs, turbulent and unpredictable. Although 2016 was tumultuous, it laid the foundation for Ethereum's popularity and market presence.

🌹 Phase Three: March 2017, it surged directly to 350 yuan, a ninefold increase in three months. Then, the well-known "ICO" craze swept China—every project issued tokens on the Ethereum blockchain, and all fundraising was in ETH. In June 2017, it reached 2660 yuan, a 70-fold increase in six months. In July, it fell to 850 yuan, a 78% drop. In October, it rose again to 2520 yuan, then to 3280 yuan in November. By January 2018, it hit an all-time high of 9100 yuan. Over just over three years, Ethereum increased by 4900 times.

🌹 Phase Four: 2018 marked the start of a bear market correction. Starting in March, from over 9000 yuan, it fell to 2280 yuan, a 75% decline. In April, it rose again to 5380 yuan. By September, it dropped to 1070 yuan, an 88% decline. The most severe drop was in December, falling to 525 yuan, a 90% decline.

🌹 Phase Five: June 2019, it rose to 2350 yuan. By December, it fell to 720 yuan. In March 2020, the panic hit—when the market crashed to 312, it scared everyone to death, dropping to 550 yuan, an over 88% decline. It only started to recover with the rise of DeFi in October-December, reaching 5720 yuan. Then, it began to climb again.

🌹 Phase Six: November 10, 2021, it surged to 31,200 yuan.
In less than 7 years, ETH increased by 15,000 times. If you had bought 1,000 yuan worth back then, you would now have 15 million yuan. Ask yourself—can you really hold on?
Therefore, in the crypto circle, the two easiest ways to go broke are jumping around like a monkey and leveraged contracts.
After years of storms and ups and downs, only those who can hold on are the winners. Great wealth doesn't require extraordinary intelligence—just enough patience. Those who achieve great things have great perseverance! #Gate每10分钟送1克黄金