DOGE Millionaire Outlines Next Target Coin

[ad_1]

Glauber Contessoto, dubbed the “Dogecoin millionaire” for his high-profile investment in the meme-inspired Dogecoin (DOGE) coin, Tweet Today, he plans to confidently invest in 10 more altcoin projects in the next crypto bull run.

Contessoto first made waves in the cryptocurrency world in early 2021 when he invested $250,000 of his life savings in Dogecoin, an investment that would have exceeded $2 million at the coin’s peak. Although the value of his DOGE holdings has plummeted along with the rest of the cryptocurrency market, Contessoto said he still fully believes in Dogecoin’s potential.

The 10 coins Contessoto mentioned include meme-token projects like Pepe Coin (PEPE) and HarryPotterObamaSonic10Inu, which represent the same irreverent, internet-culture-centric approach that originally drew him to Dogecoin. He also mentioned more established altcoin projects such as LUKSO, KASPA, and Avalanche (AVAX), which offer innovative blockchain technology and infrastructure.

Contessoto did not provide price predictions or investment amounts for any proposed altcoin purchases. However, he did say that he plans to invest “$10,000 in each stock” as “the belief in the bull market kicks in.” If evenly distributed across 10 tokens, the total investment would be approximately $100,000.

To add some background information – Contessoto started his Dogecoin investment with $250,000. At first, he was widely ridiculed for investing his life savings in a cryptocurrency that many considered a joke.

But when Dogecoin went on an epic run in early 2021, fueled by hype from Tesla CEO Elon Musk and other celebrities, Contessoto’s collection soared to a peak of about $3 million. He instantly became a celebrity in the cryptocurrency community and was dubbed the “Dogecoin Millionaire.”

However, Contessoto did not sell at the peak, and as Dogecoin retreated, his position fell back below $50,000. He was criticized for failing to take profits.

While Dogecoin has lost considerable share, Contessoto clearly sees the potential for other altcoins to rise significantly during the next bull run. It remains to be seen which projects he will ultimately choose for his proposed $100,000 investment, and whether they will replicate the epic highs and lows of his infamous Dogecoin bet.


Follow us on Google News



[ad_2]

Source link

Related Posts

NEAR and Polygon collaborate on zero-knowledge proof innovation

[ad_1] The NEAR Foundation has partnered with Polygon Labs to develop zkWASM, a cutting-edge zero-knowledge solution that enhances the interoperability and security of WASM chains. The NEAR…

Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance

[ad_1] Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance AmazonThe world’s largest online retail and technology provider, through its web services arm AWS (Amazon Web Services), recently revealed…

Financial giant Fidelity responds to 9 common misconceptions and criticisms about Bitcoin

[ad_1] Financial services giant Fidelity has addressed nine common criticisms and misconceptions about Bitcoin, highlighting that some of them are “unfounded or unlikely to be…

Third-quarter profits lower, revenue higher, according to Investing.com

[ad_1] ©Reuters. Lyft reports: Third-quarter profits down, revenue up Investing.com – Lyft (NASDAQ: ) on Wednesday reported third-quarter results that missed analysts’ expectations and revenue that beat…

CEHV partners say future uncertain during Genesis shutdown

[ad_1] Many analysts are speculating on the outcome of the spot Bitcoin ETF race, and CEHV partner Adam Cochran shared his views in a Nov. 8 X…

Second-quarter profits lower, revenue higher, according to Investing.com

[ad_1] ©Reuters. Take-Two reports: Second-quarter profits fall, revenue rises Investing.com – Take-Two (NASDAQ: ) on Wednesday reported second-quarter results that missed analysts’ expectations and revenue that beat…

Trả lời

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *