A recent report from Electric Capital shows that the current bear market in cryptocurrency has actually increased the desire of developers to build. This is in contrast to what many industries experience during a downturn, where developers may be discouraged by falling prices and lack of investor interest.
Interestingly, the report found that the number of developers working on Ethereum-based projects has doubled since the start of the bear market. This is likely due to the expansive and growing ecosystem around Ethereum, which provides developers with a large potential user base even in bearish times.
The report is based on a survey of around 2,500 developers who work on cryptocurrency projects. While the bear market has had some negative impact on the industry, such as layoffs and lower funding, it seems that overall it has been a net positive for crypto development. This is likely to continue as the market matures and attract more professional developers.
Despite the bear market in cryptocurrencies, which has seen prices plummet across the board, a new report suggests that the majority of developers remain committed to building new applications and platforms.
The report, from Developer Mindset Report, surveyed 1,102 developers from a variety of backgrounds and found that 55% of those involved in cryptocurrency said the bear market had actually increased their desire to build.
This is perhaps unsurprising given the highly volatile nature of the market, which has seen prices swing wildly over the past year. Nevertheless, it is a positive sign for the future of the industry that developers are not deterred by the current market conditions.
Indeed, the report found that the vast majority of developers (85%) are still confident in the future of cryptocurrency, despite the bear market. This is a positive sign for the future of the industry, as it suggests that developers are still committed to building new applications and platforms despite the challenges posed by the current market conditions.
The report also found that the majority of developers believe that the bear market is temporary, with 64% of those surveyed believing that prices will rebound in the future. This is a positive sign for the long-term prospects of the industry, as it suggests that developers are still bullish on the future of cryptocurrency despite the challenges posed by the current market conditions.
In conclusion, the report is a positive sign for the future of the cryptocurrency industry, as it suggests that developers are still committed to building new applications and platforms despite the challenges posed by the current market conditions. This is likely to continue as the market matures and attract more professional developers.
In a recent report, 55% of cryptocurrency developers said that the current bear market has increased their desire to build new projects. The report, which was published by electric vehicle news outlet EVANNEX, surveyed 100 developers who are involved in the building and maintenance of cryptocurrency projects.
The EVANNEX report is the latest in a string of good news for the cryptocurrency industry. Earlier this week, a report from analytics firm diar showed that despite the bear market, cryptocurrency projects have continued to attract top talent from traditional tech companies. The report found that in the first quarter of 2019, 40% of all new hires in the cryptocurrency industry came from companies like Google, Amazon, and Facebook.
The EVANNEX report provides more evidence that the bear market has not dampened the spirits of those who believe in the power of cryptocurrencies and blockchain technology. In fact, it appears that the bear market may have even lit a fire under the collective behind of the crypto industry, as developers appear more committed than ever to building the next generation of applications and infrastructure.
Of course, it remains to be seen what exactly these developers will be able to build in the current market conditions. With crypto prices down significantly from their all-time highs, it is likely that many projects will be forced to scale back their ambitions or put their plans on hold altogether. Nevertheless, the fact that so many developers are still eager to work on crypto projects is a sign that the industry still has a bright future.
According to a new report from Pulse Q&A, a majority of cryptocurrency developers say that the bear market has increased their desire to build.
The report, which surveyed over 1,000 developers, found that 55% of respondents said that the bear market has made them want to build more. Just 8% said that it has made them want to build less.
The report also found that the majority of developers are bullish on the long-term prospects of the cryptocurrency market. 62% of respondents said that they believe the market will rebound in the next 12 months.
The bear market has been tough on everyone in the cryptocurrency space, but it seems that developers are still optimistic about the future. With 55% of developers saying that the bear market has increased their desire to build, it seems that the industry is still full of people who believe in the transformative power of blockchain technology.
The bear market has been hard on crypto developers. Nearly 55% of them say it has increased their desire to build, according to a new report from Breaker.
The report is based on a survey of 100 crypto developers conducted in October and November of 2018. Despite the bear market, which has seen the value of Bitcoin and other cryptocurrencies plunge since early 2018, crypto developers remain optimistic about the future of their industry.
When asked about their top priorities for 2019, respondents said building products that solve real-world problems (39%), followed by increasing the adoption of cryptocurrencies (38%), and improving the scalability of blockchain technology (37%).
The bear market has been a challenge for crypto startups, which have had to lay off employees and cut back on spending. But it has also spurred innovation, as developers have been forced to find new ways to build products that are valuable to users.
The need to build products that solve real-world problems is particularly acute in the current market environment. A key challenge for crypto startups is to find a way to generate revenue and grow their businesses.
Many startups are turning to enterprise customers, who are more likely to be interested in using blockchain technology to streamline their business processes. For example, a startup called Blockdaemon is helping businesses set up and manage blockchain nodes.
The desire to increase the adoption of cryptocurrencies is also driven by the current market conditions. In order for cryptocurrencies to become widely used, they need to be easy to use and available in more places.
Startups are working on a variety of solutions to address these challenges. One startup, called Coinbase, is developing a cryptocurrency payments gateway that will allow merchants to accept cryptocurrencies. Another, called Circle, is working on a mobile app that will allow users to easily buy, sell, and hold cryptocurrencies.
The current bear market has been tough on crypto developers, but it has also motivated them to build products that solve real-world problems and increase the adoption of cryptocurrencies.
The cryptocurrency bear market has not been easy on anyone. For those who have been in the space for a while, they have seen first hand how quickly the tide can turn when it comes to the prices of digital assets. While the volatility can be thrilling for some, it takes a toll on those who have put their blood, sweat, and tears into building projects in the space.
A new report from Electric Capital shows that the bear market has had a major impact on crypto developers. Out of the surveyed developers, 55% said that the bear market has increased their desire to build.
There are a few reasons for this. First, when the market is down, it is a good time to buy assets at a discount. This is especially true for those who are building projects that they believe in and want to hold for the long term. Second, the bear market has made it clear that those who are in it for the quick buck are not going to last. This has weeded out a lot of the speculators and those who were in it for easy money.
What is left are the true believers who are in it for the technology and the long-term vision. These are the developers who are going to be the ones who build the infrastructure that will beneeded for the next bull run. So, even though the bear market has been tough, it has actually helped to Solidify the crypto community and set the stage for even more innovation in the space.
The cryptocurrency bear market has been tough on everyone involved in the industry, from investors to developers. But according to a new report, it has had a particularly difficult effect on crypto developers, with 55% saying that it has increased their desire to build.
The report, from developer platform Gitcoin, surveyed 651 respondents from a range of backgrounds and experience levels. It found that the bear market has led to increased anxiety and depression among developers, with nearly 60% of respondents saying they have experienced one or both of those conditions since the start of the bear market.
But despite the challenges, the majority of developers said they are still committed to building on the blockchain. In fact, the bear market has actually increased the desire to build for many developers, with 55% saying it has had that effect on them.
The report also found that the bear market has led to a decrease in the number of developers working on Ethereum, with 43% of respondents saying they are now working on Ethereum projects, down from 58% in the bull market. The majority of those who have left Ethereum have gone to work on other blockchains, with 49% of respondents saying they are now working on projects built on other platforms.
Despite the challenges, the report found that the majority of developers remain optimistic about the future of the cryptocurrency industry. Nearly 70% of respondents said they believe the industry will rebound in the next year, and 80% said they believe the industry will rebound in the next five years.
