Note that the cryptocurrency niche is constantly seeing changes in the job market. For example, over the weekend it became known that Brian Roberts, the CFO of NFT platform OpenSea, was fired. As suggested by the blockchain community, the reason for this was the conditions in the coin market.

The home page of the NFT platform OpenSea

The fact is that Roberts did not join the team until December 2021, when Bitcoin had already peaked and gone into a decline. That said, the NFT token trading figure peaked in January 2022.

NFT token trading volume figure on the OpenSea platform

How to get a job as a cryptocurrency expert?

According to analysts at job portal CryptoJobsList, the trend of the crypto industry can be measured by the number of active job invitations and relevant candidates. Compared to last year’s hype, when the price of Bitcoin was approaching its new all-time high in the bull run, the number of crypto jobs has dropped by around 30-40 percent by today.

Trend in the number of new cryptoindustry vacancies

Here’s how Raman Chalupau, founder of CryptoJobsList, commented on the situation.

The hiring and talent demand situation has stabilised over the past few months. After halting job growth and layoffs in May and June, we’re seeing more and more companies directing capital to key positions.

In other words, the blockchain industry is still in need of employees, including key positions within companies. Accordingly, the search for experts continues even now.

The trend in the number of new candidates for jobs in the crypto industry

In a sense, the bearish trend has played into the long-term development of the Web3 sector: the drop in the value of many cryptocurrencies has reduced the demand for skilled professionals, which means more startups can afford to hire the right people. Otherwise, they would all have gone to large cryptocurrency companies.

That said, Chalupau confirmed that notable volatility in the market – such as Bitcoin’s price spikes of more than 10 per cent in a short period of time – is followed by a period of uncertainty in the hiring of new staff for crypto start-ups. Unfortunately, this trend has a negative impact on employees’ willingness to develop careers in the crypto industry. The expert continues.

Those who still have doubts about whether they can work in the crypto industry permanently get their doubts confirmed with the price drop and market player panic that follows the collapse. While this may seem counter-intuitive, the reality is exactly the opposite: a bearish trend is the best time to get started in the cryptosphere.

Crypto investors during a bearish trend

In other words, during a bearish trend, people have a better chance of passing on a job opening for a cryptostartup that would have been too popular during the bullrun hype. Of course, we should take a long-term view here – participation in a cryptostartup now will pay noticeable dividends later, i.e. during a bull trend.

At the same time, it should be noted that hiring will also actively continue during the bull run. In that case, however, the connection with new companies may end rather quickly, as usually many startups after their first bull run and their encounter with a bearish trend may not survive it at all. Still, earning during the growth phase of the cryptocurrency market is very easy, while earning during the decline phase is usually in the power of more experienced industry players.

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You don’t have to go far to make predictions about the cryptosphere job market – we have experience from previous market cycles. According to Cointelegraph’s sources, at the peak of every bull trend, projects tend to look for specific technical specialists to add to their teams, with high-level management positions like chief technology officer being the most in demand.

The most popular way to work according to the CryptoJobsList survey

From 2016 to 2018, projects only had to hire developers in the Solidity programming language in order to conduct an initial coin offering (ICO). Then – from 2021 to 2022 – the race was on to hire smart contract engineers to develop projects involving unique tokens. As you can see, local industry trends also play an important role.

The most popular areas of the crypto industry according to the CryptoJobsList survey

Right now, these include cryptocurrency wallets, blockchain bridges, analytics tools for the decentralised finance industry and decentralised exchanges, in addition to NFT and other common things. All of these require a deep understanding of how smart contracts work and the most popular cryptocurrencies on which they are based. Perhaps during the next bullrun, these items should be given the most attention in job postings if one has a desire to work in startups as a developer.


We believe that the cryptocurrency industry will continue to grow further - and the bearish trend will not prevent it from doing so. On the contrary, it will get rid of meaningless hype projects that do not generate value for users. Well, new experts will come to those projects where there are cash flows in any conditions and a certain base of regular users.


Read about other interesting news in our millionaires’ cryptochat. There we talk about mining, steaking and other beautiful things.