The story of ETH! ! ! V God came to Shenzhen to promote it till now
I believe many people have never seen it, from the earliest development of the currency circle to the current Longer
Some people get rich because of it, and some people get rich because of it! ! !
Early development: Initial stage: Ethereum was launched in 2015. The initial price was very low, mainly because it was an emerging project with limited market awareness and practical application scenarios.
ICO and DApp boom: With the rise of ICO (Initial Coin Offering) and the development of decentralized applications (DApps), Ethereumâs potential as a smart contract platform began to be recognized by the market, driving its price up.
Mid-term growth: Technology upgrades: Ethereumâs technology updates, such as the shift from PoW (Proof of Work) to PoS (Proof of Stake), have improved the scalability and efficiency of the network, further attracting investor interest. The explosion of DeFi and NFT: After 2020, the craze of DeFi (decentralized finance) and NFT (non-fungible tokens) directly drove the demand for ETH, and the price increased significantly starting from a few hundred dollars.
Specific process analysis:
2016 - 2017: ETH went from a few dollars to nearly $1,400 by the end of 2017, largely due to the Bitcoin bull run and ICO boom.
2018 - 2020: After experiencing a bear market trough, the price fell back to the level of tens of dollars, but with the rise of DeFi, ETH began to recover in 2020.
2021: The price breaks through $4,000 and even reaches nearly $5,000, driven by the DeFi and NFT markets, as well as widespread market recognition.
2022 - 2023: The market experienced volatility, including the impact of macroeconomic factors and cryptocurrency market adjustments, but ETH still maintained a relatively high value, mainly due to the continued development of its ecosystem and expectations for ETH2.0.
2024-Present: ETF Impact: The approval of the Ethereum ETF and the start of trading have brought new funds in, driving the price even higher. Technology and Market Trust: Constant technological updates and trust in Ethereum as a blockchain infrastructure have allowed it to maintain a strong position in the cryptocurrency market.
