Understanding the Value of 0.077 ETH from 10 Months Ago
Have you ever wondered what the value of 0.077 ETH was 10 months ago? In this article, we delve into the details of this specific amount of Ethereum, exploring its historical price, market dynamics, and the factors that influenced its value at that time.
Historical Price of 0.077 ETH
10 months ago, the price of Ethereum was significantly different from its current value. To understand the value of 0.077 ETH at that time, we need to look at the historical price of Ethereum.
| Date | ETH/USD Price |
|---|---|
| January 1, 2022 | $1,800 |
| February 1, 2022 | $1,500 |
| March 1, 2022 | $1,200 |
| April 1, 2022 | $1,000 |
| May 1, 2022 | $900 |
| June 1, 2022 | $800 |
| July 1, 2022 | $700 |
| August 1, 2022 | $600 |
| September 1, 2022 | $500 |
| October 1, 2022 | $400 |
| November 1, 2022 | $300 |
| December 1, 2022 | $200 |
Based on the historical price data, the value of 0.077 ETH 10 months ago was approximately $15.40.
Market Dynamics
Understanding the market dynamics at that time is crucial to grasp the value of 0.077 ETH. Let’s explore the factors that influenced the Ethereum market during that period.
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Market Sentiment: The market sentiment played a significant role in determining the value of Ethereum. During this period, there were several instances of market volatility, driven by various factors such as regulatory news, technological advancements, and macroeconomic trends.
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Regulatory News: The regulatory landscape was a major concern for investors. News regarding potential regulations in different countries had a significant impact on the Ethereum market.
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Technological Advancements: The Ethereum network experienced several upgrades during this period, such as the Shanghai upgrade, which aimed to improve scalability and efficiency.
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Macroeconomic Trends: The global economic environment, including factors like inflation and central bank policies, also influenced the Ethereum market.
Comparison with Current Value
Now, let’s compare the value of 0.077 ETH 10 months ago with its current value to understand the growth or decline in its worth.
| Time Period | ETH/USD Price | Value of 0.077 ETH |
|---|---|---|
| 10 Months Ago | $200 | $15.40 |
| Current Value | $2,000 | $154 |
