CNBC’s Jim Cramer Says He’s ‘Negative’ on Dogecoin (DOGE), XRP and One Top-20 Altcoin – Here’s Why


CNBC host Jim Cramer is upset with three digital assets, saying they are among a number of altcoins about to be “deleted.”

In a new interview on CNBC’s Squawk Box, Cramer He says In general, crypto markets are bearish in identifying three assets in particular that he says have no future.

“I think you should be negative on cryptocurrencies….

The ones that I am negative are XRP, Litecoin and Dogecoin. Because I have yet to find someone who will actually take them.”

At the time of writing, XRP (XRP) is trading at $0.360, Litecoin (LTC) at $67.35, and Dogecoin (DOGE) at $0.080.

DOGE supporters have rallied behind the meme token more recently due to speculation that Twitter owner Elon Musk will incorporate it into future payment services via the microblogging network.

Cramer says that in general, altcoins, or non-Bitcoin (BTC) cryptos, have little chance of surviving for long.

“It’s like $80 billion in non-Bitcoin value that’s really meant to be wiped out. There are still people who combine blockchain with them.”

Cramer also questions blockchain technology, saying that if it has significant potential, Amazon and Google would have incorporated it into their business models by now.

Google, however, has taken a step into crypto by partnering with digital asset exchange Coinbase to allow its users to pay for cloud services with crypto assets.

Cramer too weight on other crypto issues, warning his 1.9 million Twitter followers that Binance, the world’s largest crypto exchange, is Similary to FTX.

“Why aren’t there strategists saying that most cryptocurrencies are worthless, so sell them? Why can’t the people in charge just admit that Binance has no real legitimacy after what happened to FTX?

I would trust my money more in Draftkings than in Binance”.

Binance CEO Changpeng Zhao is battling fear, uncertainty, and doubt following the FTX collapse. He recently said that the assets held by Binance are backed one by one.

Cramer too taking a chance for disgraced former FTX CEO Sam Bankman-Fried (SBF) saying he has already admitted wrongdoing in a Serie from interviews with the media and other venues leading up to his arrest.

“SBF, you are innocent until proven guilty unless you confess guilt. You have waived your rights. This is one of the first principles of criminal law, not the law. SBF was trying to confess his release from jail. That failed.”

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock/Art Furnace

source: dailyhodl.com





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