#PI# It is now ten years later, in 2025, at the consensus conference again, where Ni Shen and Vitalik Buterin sit in the same positions, unveiling the all-powerful ecosystem of web3 to the real world!
As V็ฅ said: "Whenever a new innovative thing is invented in the world, there is a certain lag time in its application. Just like when electricity was first discovered, not everyone knew how to use it in their homes. Similarly, when the internal combustion engine was first invented, not everyone had a car, so it is normal for people not to understand it!"
History is so similar; today the price of our Doctor's web3 is actually in the same range as Ethereum's price ten years ago. Today feels like yesterday. Let's anticipate the future of Doctor's web3 by recalling the development history of Ethereum.
In this process, Pioneer, please think carefully about how far you can accompany the God of Ni.
1. Initial Issuance and Prolonged Consolidation Period (July 2014 โ July 2015)
In July 2014, Ethereum was officially issued, with an initial issuance price of only 1.86 yuan.
I thought this was the key to unlocking the door to wealth, but who would have thought that for a whole year after its launch, the price of Ethereum remained stagnant, like it was under a freezing spell, fluctuating between 1.4 and 2 yuan.
During this period, countless investors stared at their accounts, watching the almost motionless numbers, feeling immense inner torment.
Most people can't hold on any longer and are selling off in droves. Not only did they not make any money, but some even lost their capital. The initial enthusiasm has been doused by reality, and many feel that this thing might just be a "pit".
At that time, the people who cursed Vitalik Buterin were exactly the same as those who curse Niko now. The roller coaster market of first surging and then plummeting (August โ November 2015)
In August 2015, Ethereum suddenly gained momentum, with the price skyrocketing to 23 yuan, a twelvefold increase!
This sudden surge has made many investors holding coins overjoyed, prompting them to quickly take profits.
But no one expected that this was just a brief calm before the storm. By November, the price slid down like a slide, directly falling back to 2.7 yuan, with a drop of up to 90%.
The ups and downs have turned the market upside down, with over 90% of people choosing to sell their coins and exit, many enduring painful losses. This market trend has made everyone deeply realize the brutality of the cryptocurrency market.
3. 2016: A Year of Heart-Stopping Large Fluctuations
2016 was arguably the most exciting year in the development of Ethereum.
In March, Ethereum entered a crazy surge mode, with the price skyrocketing to 98 yuan, increasing 36 times in just one month!
However, very few people can enjoy this wave of wealth appreciation, as the previous fluctuations have caused most people to exit early, leaving behind less than 10% of "lucky ones."
But the good luck didn't seem to last long. In April, the price suddenly plummeted to 45 yuan, causing an uproar in the market, and many people began shouting that Ethereum was a scam.
But it seems that Ethereum is joking with everyone, rising to 138 yuan in June, dropping to 54 yuan in August, rising to 92 yuan in September, and then dropping to 38 yuan in December.
This year, the prices have fluctuated like a roller coaster, making people feel anxious, but it is precisely this magnificent market trend that has accumulated a lot of popularity for Ethereum and laid a solid foundation for the market.
4. The Super Bull Market Driven by the ICO Boom (2017)
In 2017, Ethereum ushered in its glory moment.
In March, the price rose to 350 yuan, increasing ninefold in three months.
Immediately afterwards, "ICO" became wildly popular in China, and almost all projects chose to issue tokens on the Ethereum public chain, with the funds raised being ETH.
This wave of enthusiasm has led to a sharp increase in demand for Ethereum, and the price has risen accordingly.
In June, it rose to 2660 yuan, increasing 70 times in six months;
In July, it fell to 850 yuan, a decrease of 78%;
In October, it rose to 2520 yuan;
In November, it rose to 3280 yuan;
By January 2018, it had risen to its highest point at that time of 9100 yuan.
In just over three years, the price of Ethereum has increased by 4900 times, creating a miracle in the cryptocurrency market.
5. Bear Market Washout and Difficult Recovery (2018 - 2020)
In 2018, the cryptocurrency market entered a bear market, and Ethereum was no exception.
Starting from March, the price fell from over 9000 yuan to 2280 yuan, a drop of 75%;
In April, it rose to 5380 yuan, and in September, it fell again to 1070 yuan, a drop of 88%;
The most brutal was in December, when it directly dropped to 525 yuan, with a decline of 90%.
From 2019 to early 2020, the price remained volatile. In March 2020, the infamous "312" incident occurred, causing the price to plummet to 550 yuan, a decline of over 88%, leaving many investors nearly hopeless.
It was not until October to December, with the rise of Defi, that the price of Ethereum began to improve, rising to 5720 yuan and gradually emerging from difficulties.
6. A New High Moment of Glory (2021)
In 2021, Ethereum continued to make strides.
Driven by the market, on November 10th, the price rose to 31,200 yuan, an increase of 15,000 times in less than 7 years!
If you had 1000 yuan worth of Ethereum back then, you would now have 15 million yuan.
Looking back at the journey of Ethereum, it has been filled with tumult and bloodshed, more exciting than any TV drama.