CZ replied with a “praying hands” emoji to Jim Cramer’s FUD about Binance.
CZ Responds to Cramer’s FUD
Critics of Jim Cramer might identify this as the signal of the top of FUD against Binance. The “Mad Money” host tweeted that the world’s largest Centralized Exchange is “Just way too sketchy” to do business with.
Binance CEO Changpeng Zhao (CZ) responded – not with “4” this time – but with a “praying hands” emotion, indicating thankfulness.
Cramer, of course, has gained fame through his investment analysis and stock predictions. And he’s also gained notoriety, particularly in the crypto world, for his wayward predictions, even sparking the creation of the “Inverse Cramer” strategy (supported by uber-Twitter influencer and CEO Elon Musk), where, basically investors do the opposite of what Cramer suggests.
For example, if Cramer says to sell Bitcoin, the Inverse Cramer strategy says you should buy Bitcoin. If Cramer says to buy Bitcoin, then you either sell Bitcoin or short it.
Cramer has also inspired memecoins such as Cramer Coin, whose official account replied to Cramer’s tweet with a video mocking the TV personality.
That earned a follow from CZ, and according to Dex Screener, catalyzed a 30% jump in the price of the memecoin.
What is Binance:
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
Where to find Binance:
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