Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $0.003.83% 24H
    BITCOIN
    24H : 3.83%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.006.75% 24H
    ETHEREUM
    24H : 6.75%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.007.05% 24H
    BNB
    24H : 7.05%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.003.88% 24H
    XRP
    24H : 3.88%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.008.70% 24H
    CARDANO
    24H : 8.70%
    Volume : $0.00
    Marketcap : $0.00
  • terra-lunaTerra Luna Classic(LUNC)
    $0.005.10% 24H
    TERRA LUNA CLASSIC
    24H : 5.10%
    Volume : $0.00
    Marketcap : $0.00
Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
Coinscreed
No Result
View All Result
Home News Cryptocurrencies

Celebrities Supporting Crypto Go Silent As Market Sees Red

Ifeanyi Jesse by Ifeanyi Jesse
9 months ago
in Cryptocurrencies
Reading Time: 3 mins read
A A
Share on FacebookShare on Twitter

As a result of the recent crypto crash celebrities promoting and supporting cryptocurrency have become silent.

Celebrities Supporting Crypto Go Silent As Market Sees Red
Celebrities Supporting Crypto Go Silent As Market Sees Red
  • Celebrity’s Support For Cryptocurrency
  • A-List Actors, Sport Stars Supporting Crypto Go Silent

Celebrity’s Support For Cryptocurrency

Over the past year, A-list actors and sports stars have shown more and more interest in cryptocurrencies.

SuggestedArticles

SEC considers FTT to be a security

SEC considers FTT to be a security

1 month ago
Stablecoin framework is near-term priority for Australian regulators

Stablecoin framework is near-term priority for Australian regulators

2 months ago

Celebrities talked about crypto as if it had its own culture and philosophy, was more inclusive than traditional finance, and gave people the chance to both earn and make a lot of money.

This year’s Super Bowl was called the “Crypto Bowl” because a lot of commercials, some of which cost as much as $7 million for 30 seconds, were about the cryptocurrency industry. Several of these ads featured well-known people in the industry.

In turn, you could say that their power had a huge effect on the market. In fact, 280 percent more people downloaded crypto apps after Super Bowl ads.

Specifically, the number of Coinbase downloads went up by 309% week over week after the ad ran and by 286% the next day.

A-List Actors, Sport Stars Supporting Crypto Go Silent

After the recent market drop, however, these well-known supporters are getting more and more criticism for telling their followers to invest in cryptocurrencies without pointing out the risks.

When compared to things like clothes or food that celebrities promote, the crypto market is definitely more unpredictable.

“People are investing real money here. “Those who promote it should be more honest about the risks,” Giovanni Compiani, a marketing researcher at the University of Chicago, told The New York Times. He said that younger and lower-income investors tend to be overly optimistic about the future of crypto.

So far, the celebrities who support the crypto community haven’t shown any signs that they are rethinking their support. Associate professor of marketing at Syracuse University, Beth Egan, said:

ā€œThis is what they do — they’re celebrities, they got offered money to promote something that has promise.ā€

Ms. Egan did warn that there were risks involved. They might be praised for their support of the crypto industry if it is still going strong or if it goes back to its former glory. But if the economic crisis continues, it could hurt their reputations.

Tags: #Cryptocurrency

Oh hi there šŸ‘‹
It’s nice to meet you.

Sign up to receive a weekly round-up of the latest happenings in the crypto space!

We don’t spam! Read our privacy policy for more info.

Please check your inbox or spam folder to confirm your subscription.

Coinscreed

Copyright Ā© 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Contact Us
  • Partners
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes

Copyright Ā© 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Join our Telegram ChannelĀ 

Stay on top of Crypto News! Get Daily updates

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!