DOGE, XRP, LTC Are Destined To Be Wiped Out: Jim Cramer
Contents
Renowned financial journalist, Jim Cramer, host of CNBC’s “Mad Money” show, has told CNBC’s Squawk Box co-host Becky Quick to be negative on crypto right now.
DOGE, XRP and LTC Slamming Again
He’s actually negative, especially on the top three coins – Dogecoin (the original meme cryptocurrency), Ripple-affiliated XRP and Litecoin (widely known as “digital silver” in the crypto space). He said that these “$80 billion are non-bitcoin” and that they are “destined to be wiped out”.
“I think you should be negative #crypto, i am negative $XRP, $ltcAnd $ DOGE because I couldn’t find anyone who would take them,” says @jimcramer, “It’s like $80 billion of non-Bitcoin that is destined to be wiped out.” pic.twitter.com/lrFbjtT0Wn
— Squawk Box (@SquawkCNBC) December 16, 2022
As previously reported by U.Today, Cramer slammed XRP, DOGE, and Solana (SOL) as “huge” opposition.
Overall, financial experts, who prefer stocks to digital assets in general, have been consistently critical of the top cryptocurrencies except for Bitcoin and Ethereum. As reported by U.Today, he invested in these two top digital coins in 2020 when BTC was trading at $12,000. When it hit an all-time high near the $69,000 level a year later and the price of Ethereum also jumped, he used his BTC and ETH profits to buy a farm and a boat, according to his earlier tweet .
As for other cryptocurrencies, the “Mad Money” host continues to slam them as dubious and warns everyone not to invest in them in order not to “lose money every year.”
Doge responds to core dev Kramer
Michie Lumin, a lead developer of DOGE, responded to Cramer for his criticism towards meme crypto Dogecoin. He added that DOGE cannot be a “thief” because it is not run by any organization or individual, therefore it has no beneficiaries, but rather the Dogecoin community.
DOGE was created in 2013 by two IT engineers, Billy Marcus and Jackson Palmer. Marcus left the project almost immediately, believing that all crypto development is about speculation and trading cryptocurrencies is nothing but gambling.
source: u.today
About The Author
