Cramer Coin Surges 182% in One Week, Outperforming DOGE and SHIB Increases
Cramer Coin (CRAMER/USD) has surged by 182% in the last seven days, outperforming popular meme coins like Dogecoin (DOGE/USD) and Shiba Inu (SHIB/USD). The rally in price is attributed to Tuttle Capital Management launching The Inverse Cramer Tracker ET, which provides investors with an opportunity to short or long the stock recommendations of Jim Cramer, the host of CNBC’s Mad Money. Cramer Coin’s website mentions that the meme coin aims to inverse Cramer’s trades and stock suggestions. The coin is currently trading at $0.00317872. Cramer has been a vocal critic of cryptocurrencies, advising investors in early December to exit their cryptocurrency holdings, adding that it’s never too late to sell them. He had also disclosed that he sold all of his Bitcoin (BTC/USD) and bought Ethereum (ETH/USD), which he sold later after realizing that his bank wouldn’t accept it. DOGE was trading at $0.075, up 1.89%, while SHIB was up 2%, trading at $0.000011 at the time of writing.
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