The post Solana Rises 1,400% Despite Jim Cramer’s ‘Idiot’ Criticism appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. Remember the viral statement of Jim Cramer over Solana and other meme coins? In 2022, CNBC anchor Jim Cramer called Solana, Litecoin, and other meme coins “idiot investments.” Related Reading In a CNBC show dated December 9th, 2022, he added that Dogecoin, Solana, and XRP are “cons” and insisted that people should put their money on stocks of the same size. During this time, Solana is trading at $11, with a market capitalization below $5 billion. Today, Solana is trading at the $168 level, with a market cap exceeding $82.5 billion. In short, Solana’s market price has increased by 1,400%, proving Cramer wrong. “I do think you’re an idiot.” Jim Cramer speaking to crypto investors. Bitcoin price: $16,650Solana Price: $4.32 pic.twitter.com/X8V7rXYBlP — Altcoin Daily (@AltcoinDailyio) October 8, 2024 Solana’s Wild Market Ride And Cramer’s Critique Jim Cramer is a popular and often polarizing host on CNBC. While many of his statements and arguments have been met with violent reactions, some of his comments and predictions came true. For example, in 2022, Cramer hit a few tokens, including Solana. Solana had a wild market ride in the last two years, defined by extreme volatility. In 2022, JIM CRAMER CALLED PEOPLE BUYING SOLANA AT 11$ AS “STUPID” And Solana is trading over 170$+ now. Bro @jimcramer is that you ser? Lemme be stupid but am still up than your whole stocks. pic.twitter.com/cQ8986ean9 — Crypto King👑💎.eth.sol (@cryptosanthoshK) October 30, 2024 After the FTX fiasco, Solana hit single digits, provoking backlash and criticism from analysts and commentators, including Cramer. The anchor belittled the SOL holders as “idiots” when the token was trading at $11. Today, Solana is one of the best-performing tokens, which trades at $168, reflecting a 1,400% increase since the comments aired. This prompted many…

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Filed under: News - @ November 3, 2024 6:02 am