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By CCN.com: In 2018, with the exception of Bitcoin and several other cryptographic badets, the majority of cryptocurrencies have fallen more than 90% against the US dollar.
Leaders in the cryptography industry, especially those who lead new initiatives and emerging sector companies, believe the bear market has provided companies with positive opportunities to rebuild the badet clbad and sector base. .
Merits of a Bearish Crypto Market
The majority of blockchain projects developing decentralized protocols or applications (dApps) have made initial coin offerings (ICOs) or token sales in 2017.
As such, the valuation of many blockchain companies has been dependent on token performance.
As in previous years, crypto-currencies with strong fundamentals tend to survive and suffer losses to a minimum.
According to data provided by ATHCoinIndex, most of the main cryptographic badets, such as Ripple, Ethereum, Bitcoin Cash, Litecoin and Cardano, have fallen 90-97% from their historical high against the US dollar over the past 12 years. last months.
At the same time, Bitcoin, the most common cryptocurrency on the market, fell 82% in 12 months. Bitcoin remains one of the few cryptographic badets to have experienced an increase in the hash rate throughout the correction.
Since January 2018, the Bitcoin hash rate has increased from 15 to 45 exahash, at least three times.
Given the downward trend of crypto-currencies or small market tokens on the downside, unlike Bitcoin, investors often acquire, during a correction, blockchain projects building applications, protocols and long-term solutions and at a much lower price. .
Sheri Kaiserman, senior advisor to a US recruitment and investment firm, Maco.la, said:
We thought the best way to make money was to buy the infrastructure companies – the pickers and the shovels – that help build the foundation. They are downgrading, which is the best part of the winter crypto for us
At the peak of the cryptography market at the end of 2017, many blockchain protocols were valued at billions of dollars, and the majority of projects did not feature high-performance products or active user bases.
Over the last 14 months, blockchain projects have reached a reasonable value, offering investors opportunities to acquire equity in infrastructure construction companies.
Easy to take in hand
Previously, CCN reported that the salary of blockchain developers in regions such as Switzerland had increased to about $ 180,000, thanks to a growing interest in blockchain technology internationally.
However, job offers in crypto, at least last year, were presented primarily by blockchain companies that obtained capital through the sale of chips.
As blockchain protocols began to lose value and teams suffered a funding crisis, developers and talent were fired.
Spring Labs CEO Adam Jiwan told Bloomberg that this has allowed new and existing businesses to recruit more talent.
"Skepticism is justified in many ways because this technology is nascent and has not yet been tested on an industrial scale. We hope this offers us a great opportunity to recruit talent, "he said.
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