Cardano founder Charles Hoskinson humorously commented on Solana co-founder's recent appearance on CNBC's Mad Money with Jim Cramer, suggesting that Cardano is 'labeled as safe' and does not require Cramer's endorsement. This remark comes amid ongoing jokes about the 'reverse Kramer effect,' where asset prices often move contrary to Cramer's recommendations.
Following the appearance, Solana's price was recorded at $186.16, marking a 0.60% increase over 24 hours, though it remains down 1.77% for the week. Analysts are closely monitoring Solana's $180 support level and $210 resistance for potential rebound signals.
Cardano Founder Jokes About Solana's CNBC Appearance and 'Reverse Kramer Effect'
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