November 06, 2022

Jim Cramer Suggests This To Investors

Story- Divya Sinha

CNBC's Jim Cramer told investors that they still have time to sell their crypto holdings.

He said it’s never too late to sell their digital assets.

After the FTX debacle the crypto space has come under intense scrutiny, with digital assets hit hard by the Federal Reserve rate hike.

Cramer repeatedly said that investors are being fooled by the high market caps of some coins.

He said that he expects more marginal names like XRP, DOGE, Cardano and Polygon may drop further and reach zero.

Cramer added, Tether, the so-called stablecoin that is said to be somehow pegged to the dollar, still has a market cap of $65 billion.

Furthermore, he said there is still an entire industry of crypto boosters trying desperately to keep all of these things up in the air.