Blockchain News

CNBC’s Famous Host “Ripple, Dogecoin, Litecoin will Disappear Soon”

While the cryptocurrency bear market continues, CNBC’s ‘Mad Money’ host Jim Cramer stated, “Ripple (XRP, seventh in market cap), Dogecoin (DOGE, eighth in market cap), Litecoin (LTC, fourteenth in market cap), and three other cryptocurrencies will soon vanish,” he warned.

According to Daily Issues, a cryptocurrency media outlet, Jim Kramer recently appeared on CNBC’s ‘Squawk Box’ on the 16th (local time) and stated, “I haven’t found anyone who truly accepts the three digital assets yet.” We gave XRP, DOGE, and LTC negative ratings.

He previously commented on the FTX debacle, saying, “This has absolutely nothing to do with blockchain.” Blockchain is an excellent invention. However, most cryptocurrencies built on blockchains, including XRP, are scams. It’s all a big scam. “It’s only I’m sick of con artists,” he stated.

He also recently issued a warning to his 1.9 million Twitter followers that Binance, the world’s largest cryptocurrency exchange, is similar to FTX. “It is more trustworthy to entrust money to Draftkings than to Binance,” he said. Draft Kings is a casino website.

According to CoinMarketCap, the price of 1XRP is $0.3555 as of 5:34 pm on the 17th (Korean time), down 6.21% from 24 hours ago. DOGE fell 9.84% to $0.07783, while LTC fell 11.02% to $64.92.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.