![\"Jim](\"https:\/\/i-invdn-com.investing.com\/news\/LYNXMPED510BO_L.jpg\")
\n\u00a9 Reuters. Jim Cramer Says Stay Away From Dogecoin And Shiba Inu, Making Money In Crypto Doesn’t Mean It’s For Real<\/span>
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Mad Money host Jim Cramer warned investors to stay away from altcoins like (CRYPTO: SHIB) and (CRYPTO: DOGE) and a host of other cryptocurrencies that did not live up to expectations. <\/p>\n
What Happened: In a recent segment of CNBC\u2019s Mad Money, Cramer said that it was time to question the fundamentals of cryptocurrency.<\/p>\n
\u201cAll things crypto took off with great fanfare, like the dot com bombs, we were told that they were stores of value, that they meant something, that they would be around for a long time,\u201d he said.<\/p>\n
See Also: IS DOGECOIN A GOOD BUY?<\/p>\n
The Mad Money host said he believed it, until 300 of them went out of businesses.<\/p>\n
\u201cI\u2019m at least big enough to admit that this time I was wrong about crypto. I wish the real promoters would do the same. Just because you make money in it, which I was fortunate enough to do, doesn\u2019t necessarily mean that it\u2019s for real.\u201d<\/p>\n
Cramer urged investors to stay away from coins like SHIB, DOGE, (CRYPTO: DOT), (CRYPTO: AVAX), (CRYPTO: UNI), Cosmos (CRYPTO: ATOM) and other \u201creally solid investments\u201d that are associated with the term blockchain.<\/p>\n
\u201cThere\u2019s no point in any of this stuff beyond separating you from your money,\u201d he said.<\/p>\n
See Also: Crypto Whale Who Bet $1M On LUNA Crash Is Now Countertrading Jim Cramer<\/p>\n
Price Action: At press time, DOGE was trading at $0.063, up 1.98% over the last 24 hours. SHIB was trading at $0.00001295, up 6.3% over the same period.<\/p>\n
Photo: Courtesy of Scott Beale on flickr<\/p>\n
\u00a9 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n