Crypto Firms Slash Ad Spending By 90% as Bear Market Bites, Figures Suggest | CoinMarketCap

  • 📰 CoinMarketCap
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Haven't seen many crypto ads lately? 🧐 There's a reason for that... 👇

According to The Wall Street Journal, major trading platforms are now spending 90% on ads across Facebook, YouTube and other social networks.

And while crypto ads dominated the airwaves on U.S. television until very recently, top exchanges have cut back on high-profile TV spots. While this can partly be linked to a lack of big sporting events such as the Super Bowl and the Winter Olympics, which both took place earlier in 2022, there's no escaping that the crypto winter is to blame too."Overall, macroeconomic confidence is pretty low right now. Plus, when the price of Bitcoin is low, engagement on the apps, and new customers, tend to be low."

Crypto.com has been best known for using the likes of Matt Damon and LeBron James in its adverts, which feature the controversial slogan "Fortune Favors the Brave." But while the exchange spent a whopping $40 million on advertising in January 2022, this figure dwindled to just $2.1 million in May.I cover the crazy world of crypto.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It doesn't matter who dominates, make sure you're making profit irrespective of the market conditions. At least I'm doing that and anyone who wants to know my own style can message me

hi guys let's play our game come to see our page in any public social media. 😍😍

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 290. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto market turns green as nearly $70 billion inflows in 24 hoursOver the past week, the entire cryptocurrency market was caught in a bearish trend, during which its flagship asset had... Continue reading RTGNMOVIE creates 5123 uniquely numbers and individually rendered Unreal Engine collector figurines🎇 NFT can be upgraded into the Human Park metaverse to be used as your Avatar in the game. Powered by V_H_studio and mintable_app web3 nft shortfilm shortfilms animation
Source: CryptoPanicCom - 🏆 563. / 51 Read more »