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ā”ļø CNBCās Jim Cramer says Circle is a strong company, but its stock price went too high, too fast ā and thatās risky.
šŖ What Is Circle?
Circle Internet is the company behind USDC, the second biggest stablecoin after Tether (USDT).
USDC is a crypto dollar ā people use it to buy Bitcoin, Ethereum, and more. It keeps its $1 value and is backed by real money.
š What Just Happened?
Circle went public last week
Stock opened at $69, after being priced at $31
It jumped +168% in one day
Valuation grew from $5.5B to $25B in just days
ā ļø Why Cramer Says āWait, Donāt Buy Yetā
Cramer likes the company, but not the price right now.
He said the stock is ātoo hotā ā meaning itās overpriced after the hype.
āThe companyās great, but I canāt recommend the stock at this level.ā
Hereās why:
ā
Circle is doing well
ā
USDC is popular and safer than Tether
ā
Business is growing fast
Butā¦
ā The stock price moved up too fast
ā It may drop before going higher
ā Itās still part of the volatile crypto market
š§ What Should You Do?
Cramer says:
Be patient. Donāt rush in at high prices.
Let the stock cool down ā there might be a better buying chance later.
š” Bonus: Cramerās General IPO Warning
He also said the IPO market is getting wild, like what happened with AI company CoreWeave ā
It doubled after launch and now trades way higher than expected.
āThis kind of hype can hurt investors. Be careful.ā
š Circle may be a long-term winner ā but timing matters.
#Circle #IPO #TrumpTariffs #BTC #BinanceAlphaAlert