As the much awaited alt season faces a seemingly indefinite delay, the frustration over the bearish market is spilling over on crypto twitter.
Kris Marszalek, the founder of Crypto.com, sparked a heated debate when he shared his views on the ongoing rough patch.
Cronos Investors, popularly known as CroFam were among those who voiced their disappointment over the several project updates marketed to strengthen Cronos failing to translate into price action.
Here is what went down:
What Kris Said:
In a post on X, the CEO acknowledged the challenging situation in the altcoin market and emphasised that future success of any project will depend upon its ability to consistently generate demand.
He highlighted four key ways projects can achieve this:
- Finding Product-Market Fit (PMF)
- Redeploying Free Cashflows
- Successfully Launching ETFs
- Participating in Reserve Building Initiatives
He reinforced the idea that investors must conduct their own research, identify such projects, and position themselves accordingly.
The Response:
The post immediately ignited a discussion as many Cronos investors displayed their disappointment over the perceived disconnect between project developments and price performance.
Many investors demanded stability and a clear vision, arguing that Crypto.com needs to prove CRO is such a long-term investment as described by Kris:
Others challenged Kris directly, asking whether he sees himself as the CEO of an exchange or the leader of a blockchain project:
Some pointed out Cronos’ underperformance compared to other exchange tokens, calling the narrative of “rough patch for altcoins”, an excuse:
A user even called CRO’s market performance disappointing. This has been a recurring sentiment in the Cronos ecosystem as the price of an already struggling CRO has further fallen from $0.14 to $0.09 in less than a month.
Some posts expressed confidence in CRO’s vision, arguing that Crypto.com is making progress across all the themes Kris highlighted, while others called for a burn.
Nevertheless, it is clear the community isn’t holding back as the gap between expectations and market reality continues to widen.