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Ethereum ($ETH ) experienced a significant rise from its launch price of approximately $0.42 in 2015 to an all-time high of $4,891.70 in November 2021, driven by the growing adoption of decentralized applications (dApps) and smart contracts on its blockchain. However, it also faced notable falls, such as during the 2018 crypto market crash when its price dropped from over $1,400 to around $83 by the end of the year, showcasing the volatility in the cryptocurrency market.
Binance Coin ($BNB ) saw an incredible rise from its initial price of $0.09611 in 2017 to an all-time high of $720.67 in June 2024. This growth was fueled by the coin’s utility within the Binance ecosystem, including discounts on trading fees and its use in various Binance products. However, BNB also experienced significant downturns, notably during the broader market corrections in 2021 and 2022, when it dropped from over $600 to under $300, reflecting its susceptibility to market-wide bearish trend.
Solana ($SOL ), known for its high-speed blockchain, rose rapidly from around $0.50 in May 2020 to an all-time high of $260.06 in November 2021. This surge was due to its increasing adoption for decentralized finance (DeFi) projects and NFTs. However, Solana has also experienced sharp declines, such as during the crypto market downturn in 2022, where it fell from its peak to below $50, underscoring the challenges it faces in maintaining momentum amid market volatility and competition.
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