Last year almost all of the cryptocurrencies declined by more than 80 percent against the US dollar with the exception of Bitcoin and a few other crypto assets. In today’s altcoin news we are going to find out how the crypto executives feel about the sentiment on the crypto market this year.
Most of the crypto executives and also those who are leaders in blockchain emerging businesses believe that the bear market has influenced the companies with a lot of opportunities to rebuild the foundations of the entire sector.
Blockchain projects since 2017 and the decentralized applications brought to the high dependence of the blockchain companies on the performance of the tokens.
As we have seen over the past few years, during a bear market the cryptocurrencies with the strongest fundamentals are most likely to survive. Digital assets such as Ripple, Litecoin, and Ethereum have dropped by 90 percent from their all-time high in the past 12 months.
Meanwhile, Bitcoin dropped by 82 percent over the year but still remains as one of the top crypto assets to increase and go through a correction phase. The hash rate of the BTC network also increased since January 2018.
Investors always are always considering the tendency of cryptocurrencies falling by large margins during a correction and therefore acquire blockchain projects that will help them build long-term blockchain related protocols and solutions for a lower price.
Over the past 14 months, blockchain projects dropped immensely but this is a new opportunity for investors to start building infrastructure for their companies at a lower price.
However, with the drop in blockchain protocols, developers and workers have been let go despite that being a blockchain developer increased by $180,000 with the growing interest in blockchain technology.
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