Prices for XRP, Cardano (ADA), Polygon (MATIC) and Dogecoin (DOGE) look set for further declines and could fall to zero. With that warning выступил the former manager of the Cramer & Co hedge fund and host of Mad Money, Jim Cramer.
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The expert urged divesting from crypto assets due to ‘impending collapse in 2023’. He says it is dangerous to stay in speculative assets amid tightening the Fed monetary policy.
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‘You can’t just blame yourself and say: “Hey, it\’s never too late to sell.” The truth is, it\’s never too late to sell a terrible position, advised the expert.
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Cramer stressed that investors should not be fooled by inflated market capitalisations of some coins.
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The host of Mad Money also criticised Tether (USDT).
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‘There remains an entire industry of \”crypto accelerants\” desperately trying to keep all of this in the air. Not unlike what happened with bad stocks during the dot-com crash,’ he explained.
\n\n\n\nEarlier, in August, Cramer saw a signal in the Fed’s actions to abandon cryptocurrencies.
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