Dogecoin (DOGE) Under Attack by Jim Cramer, Crypto Twitter Strikes Back

Jim Cramer blows a gasket on DOGE, but Crypto Twitter takes it with a pinch of salt.

Jim Cramer next to Shiba Inu wearing jacket looking at blue bird

The leading memecoin Dogecoin (DOGE) has often been in the spotlight in 2022. The canine cryptocurrency had its moment of shine when Twitter was acquired by the most prominent DOGE supporter, Elon Musk. Crypto Twitter is now filled with #DogeCoinToTheMoon! memes and the developer team is actively working on new technical upgrades in hopes of launching DOGE’s own Layer-2 Solution by early 2023.

However, Jim Cramer, the host of Mad Money begs to differ. In a recent episode of his CNBC show, the TV personality went as far as to say that DOGE, Solana (SOL), and XRP (XRP) are all “big cons.”

Inverse Cramer Tactics for Crypto Enthusiasts

Surprisingly or not, the majority of crypto influencers on Twitter didn’t take Jim Cramer’s opinion seriously. Firstly, renowned podcaster and crypto journalist David Gokhshtein couldn’t hold back his joy that Mr. Cramer lost his temper on cryptocurrencies again.

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Mr. Gokhshtein called the act “a gift” and even added: “Jim Cramer is the best. This guy can literally start the next bull-run if he really wanted to”. The crypto influencer is referring to the fact that all three altcoins went up for a brief moment of time right after the episode of Mad Money went live.

In addition, the YouTuber Digital Perspectives remarked, “We must be close to the moon, take a look!” referring to the fact that Cramer slammed all cryptocurrencies and advised his audience to sell their crypto holdings “while it’s not too late.” Most of Crypto Twitter is taking it as a bullish sign for DOGE. For some, it was the kick they needed to invest in the aforementioned cryptocurrencies.

On the Flipside

  • Jim Cramer is notorious for telling his viewers not to buy Tesla (TSLA) stock, which shot up by 681.88% in the last five years.

Why You Should Care

DOGE is one of the most talked about crypto assets in the world, along with Bitcoin (BTC). Ultimately, social engagement often leads to new retail adoption opportunities.

Dig into the latest memecurrency news:

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.