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Cronos Announces Elimination of Netflix, Spotify Benefits

Altcoins

coinquora.com 25 July 2022 08:32, UTC
  
Reading time: ~2 m

Some crypto fans are upset today as Cronos (CRO), formerly known as Crypto.Com Coin, announced that its Visa-linked credit card is eliminating its Netflix and Spotify benefits.

Ever since this announcement, Reddit users have expressed dissatisfaction with this decision and are pondering the best way to dispose of the card in general.

Cronos Social Dominance & Weighted Sentiment (Source: Santiment)

According to blockchain analytics firm Santiment, CRO saw a huge spike in its social dominance after it was announced that there will be new restrictions on the visa credit card.

In addition to this, Santiment reported that CRO has hit its most negative sentiment in almost a year and a half following the announcement.

The sentiment is negative because it follows the community’s belief that Crypto.com spent too much on its initial marketing campaign and now has no choice but to cut back on community offerings and benefit programs.

The latest elimination of Netflix and Spotify benefits proves this is true.


Crypto.com Coin / TetherUS 1D (Source: CoinMarketCap)

According to CoinMarketCap, CRO is currently trading at $0.1295 after a 1.87% drop in price over the last 24 hours. This price translates to about 0.000005697 BTC and 0.00008053 ETH. Even though the crypto is down over the last day, it is still in the green by 4.05% over the last seven days.

In terms of market cap, CRO is currently standing at $3,274,754,054. CRO’s 24-hour trading volume is currently up about 40% to stand at $35,315,219.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.


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