CNBC’s Jim Cramer Warns Investors Should Stay Away From Dogecoin, Shiba Inu and Over a Dozen Other Altcoins

CNBC host Jim Cramer advises investors to avoid meme assets and altcoins after the Federal Reserve announced further interest rate hikes.

In a new segment of Mad Money, Cramer says investors should avoid meme tokens like Dogecoin (DOGE) and Shiba Inu (SHIB).

It also warns against Ethereum (ETH) scaling solutions like Polygon (MATIC) and Optimism (OP) and smart contract blockchains like Polkadot (DOT), Avalanche (AVAX) and Cosmos (ATOM).

Additionally, Cramer warns against Special Purpose Acquisition Companies (SPACs), Initial Public Offerings (IPOs), and a number of other digital assets.

“I need you to stay away from sold out SPACs, ridiculous and prepared IPOs, Dogecoin, Polkadot, Dai, Polygon, Shiba [Inu]Avalanche, Uniswap, Cosmos, Golem, Old Golem, Optimism, Kyber, Tribe, Request, Rari, My Neighbor Alice, League of Kingdoms …

There is no point in any of these things other than separating you from your money.

According to the CNBC host, crypto assets have not lived up to expectations, which appears to have led him to reverse his stance on digital assets once again.

Until 2020, Cramer was a cryptocurrency skeptic, but in September of that year he changed his tune and went on to say that the asset class was worth considering for inclusion in an investment portfolio.

“I think it’s time we start questioning the fundamentals of cryptocurrencies … When all cryptocurrency stuff took off with great hype, like dotcom bombs, we were told they were value shops, which meant something, that would have been around for a long time …

I’m at least old enough to admit I was wrong about cryptocurrencies. I would like the promoters to do the same. Just because you make money on it, which I was lucky enough to do, doesn’t necessarily mean it’s real. “

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Disclaimer: The views expressed by The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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