Demand

The number of vacancies for people with Blockchain-related skills has tripled on LinkedIn in the past year.

Bitcoin mining is regulated by a difficulty factor which determines how hard it is to mine one block of bitcoin. Recently the difficulty factor was just above 520,000,000,000. Coinidol.com investigates the effects of this rise on the Bitcoin mining activities.

China is losing a good portion of its forex Reserves in, what is considered to be by many people, an attempt to raise the value of the Chinese Yuan. China, which got hit by hard monetary issues through most of 2016, still continues to struggle to completely offset its economic woes.

The Chinese Yuan has fallen to its lowest level in six years, forcing investors within the economy to move their money overseas. Bitcoin appears to have been a convenient method of transfer of value as speculators have also taken advantage of the prevailing demand for the cryptocurrency. This, according to experts, has given rise to the current surge in the price of Bitcoin.

Blockchain and cryptocurrency courses are growing in demand as FinTech adoption rises. On September 15, B9lab, a company providing training on Blockchain, announced the graduation and certification of the first Ethereum Blockchain developers course students.

Monero price shows a significant growth. In just a month Monero (XMR) rose by 420% and moved up on the list to the top-5 position of coins with the largest market cap, which is the biggest leap among all cryptocurrencies this month.

Finally, after a long fall, Dogecoin makes feeble attempts to recover its price. Cryptocurrencies with a low price are becoming attractive to buyers, however, demand is still lower than we wish.

Altcoins are now in pent-up demand. The long absence of purchases and a small drop in prices, says that as soon as possible the price growth of the most popular altcoins should start again.

At the beginning of the week, the fall of alternative coin prices seemed to have stopped and they even slightly increased in price.