As the crypto market continues to struggle with the current bear market, investors are still struggling to keep their investments. Despite a handful of rallies in the past few months, investors are still very skeptical about seeing if the market will be making a comeback any time soon.
Although the entire market suddenly rising by a significant amount is very unlikely, there are still plenty of smaller victories that are worth celebrating throughout the market. On such victory happens to be crypto firms who are still looking to employ more employees.
Not only does this show that companies in the crypto market are still holding out hope to improve, but it also shows overall interest in various segments of the crypto market. More specifically, the token fan niche of the crypto market is seeing companies and investors really looking forward to what the future holds.
Plummeting Market Capitalization
One of the biggest hits that came to the crypto market was its plummeting overall market capitalization. Since the beginning of the year until now, the market as a whole has lost over 60% of its value ad shows no signs of stopping.
Major cryptocurrencies like Bitcoin and Ethereum have lost a large chunk of their individual prices. As a direct result of the incredible fall that the market is experiencing, many crypto companies had to let go of their respective workforces.
Gemini and Coinbase are two of the most popular examples of companies in the crypto space that have had to shrink their workforces considerably. As the crypto winter came about in full swing, both companies had to let go of at least 10% to 20% of their employees.
Of course, letting go of their employees was the only way for them to keep serving their clients and maintain the scale of their operations.
Weathering the winter
But while most companies were letting go of their employees, one such Chiliz has managed to increase its total number of employees by 70%, allowing it to further grow its reputation and business. Furthermore, bringing in more employees was also a very impressive power play since it shows that this specific cryptocurrency company is not giving room for any failure.
Luckily, many of the employees who are working for Chiliz did not mind a change in scenery or the fact that they preach the message of cryptocurrencies that should allow something like that happens.
Growing to Reach a Wider audience
Another major objective of a company like CHiliz is to reach as many people as possible. As a whole, the market is currently looking to make moves, and it will directly affect your overall score and your x retinol.