How Did Ethereum Come About?

Many people don't know how Ethereum originated and how it has evolved over time. Today, I want to share its journey with you. The story is truly tumultuous, 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 sold out, some even cut losses. 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 to 138 yuan; in August, it fell again to 54 yuan; in September, it rose to 92 yuan; and in December, it dropped to 38 yuan. The year was full of ups and downs, turbulent and unpredictable. Despite the turbulence, 2016 laid a solid foundation for Ethereum's popularity and market.

🌹 Phase Three: March 2017, it surged directly to 350 yuan, a ninefold increase in three months. Then, the well-known "ICO" craze swept China, with all projects issuing tokens on the Ethereum blockchain, all raising ETH. In June 2017, it reached 2660 yuan, a 70-fold increase in six months. In July, it fell to 850 yuan, a 78% decline. In October, it rose to 2520 yuan; in November, to 3280 yuan. 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 dropped to 2280 yuan, a 75% decline. In April, it rose again to 5380 yuan. By September, it fell to 1070 yuan, an 88% decline. The most severe drop was in December, when it fell to 525 yuan, a 90% decline.

🌹 Phase Five: June 2019, it rose to 2350 yuan; December, it fell to 720 yuan. In March 2020, during the panic caused by the COVID-19 outbreak, ETH plummeted to 550 yuan, an over 88% drop. It only started to recover with the rise of DeFi in October-December, reaching 5720 yuan. After that, 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 invested 1,000 yuan back then, you would now have 15 million yuan. Ask yourself: can you really hold on? In the crypto world, the two easiest ways to go broke are jumping around like a monkey and leveraged contracts. After years of storms and big swings, only those who can hold on are the true winners. Great wealth doesn't require extraordinary intelligence, just enough patience. Those who achieve great things have great perseverance!