I happened upon this today, an acoustic version of the Ramones’ classic performed by the song’s writer and the Ramones’ drummer, Tommy Erdelyi. It’s folk.
Listening to the original, it’s hard not to notice that this too is folk of a British Invasion style, which they called skiffle. Wouldn’t this be just as good and sound much the same if it was by the Searchers? The Ramones surely thought so, since their cover of “Needles and Pins” makes the connection very clear.