๐ฅ ๐๐ถ๐บ ๐๐ฟ๐ฎ๐บ๐ฒ๐ฟ ๐ฆ๐ฎ๐๐ ๐๐ถ๐ฟ๐ฐ๐น๐ฒ ๐ฆ๐๐ผ๐ฐ๐ธ ๐๐ "๐ง๐ผ๐ผ ๐๐ผ๐" ๐ง๐ผ ๐๐๐ ๐ฅ๐ถ๐ด๐ต๐ ๐ก๐ผ๐
โก๏ธ CNBCโs Jim Cramer says Circle is a strong company, but its stock price went too high, too fast โ and thatโs risky.
๐ช What Is Circle?
Circle Internet is the company behind USDC, the second biggest stablecoin after Tether (USDT).
USDC is a crypto dollar โ people use it to buy Bitcoin, Ethereum, and more. It keeps its $1 value and is backed by real money.
๐ 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
โ ๏ธ Why Cramer Says โWait, Donโt Buy Yetโ
Cramer likes the company, but not the price right now.
He said the stock is โtoo hotโ โ meaning itโs overpriced after the hype.
โThe companyโs great, but I canโt recommend the stock at this level.โ
Hereโs why:
โ Circle is doing well
โ USDC is popular and safer than Tether
โ Business is growing fast
Butโฆ
โ The stock price moved up too fast
โ It may drop before going higher
โ Itโs still part of the volatile crypto market
๐ง What Should You Do?
Cramer says:
Be patient. Donโt rush in at high prices.
Let the stock cool down โ there might be a better buying chance later.
๐ก Bonus: Cramerโs General IPO Warning
He also said the IPO market is getting wild, like what happened with AI company CoreWeave โ
It doubled after launch and now trades way higher than expected.
โThis kind of hype can hurt investors. Be careful.โ
๐ Circle may be a long-term winner โ but timing matters.
