DOGE millionaire reveals the upcoming cryptocurrencies to focus on
Glauber Contessoto, famously known as the ‘Dogecoin Millionaire’ for his notable investment in the meme-inspired Dogecoin (DOGE) cryptocurrency, announced on Twitter today that he intends to make bold moves on 10 other alternative coin projects for the upcoming crypto bull market.
Contessoto made a significant impact in the crypto sphere earlier this year when he invested his entire life savings of $250,000 into Dogecoin, which eventually skyrocketed to over $2 million at its peak. Despite the subsequent decline in the value of his DOGE holdings along with the rest of the crypto market, Contessoto remains unwavering in his belief in Dogecoin’s potential.
Among the 10 coins mentioned by Contessoto are meme coin projects like Pepe Coin (PEPE) and HarryPotterObamaSonic10Inu, which share the same irreverent, internet-culture-focused approach that initially attracted him to Dogecoin. He also highlighted more established alternative coin projects such as LUKSO, KASPA, and Avalanche (AVAX), which offer innovative blockchain technology and infrastructure.
Contessoto did not disclose any price predictions or investment amounts for the proposed altcoin purchases. However, he did mention that he plans to invest “$10,000 into each” as “conviction plays into the bull run.” This would result in a total investment of approximately $100,000 if evenly distributed across the 10 coins.
To provide some additional context, Contessoto began his Dogecoin investment with $250,000 and faced widespread mockery for investing his life savings in what many considered a joke cryptocurrency. However, when Dogecoin experienced a remarkable rally earlier this year, fueled by hype from Tesla CEO Elon Musk and other celebrities, Contessoto’s investment soared to a peak of around $3 million. He instantly became a crypto celebrity as the “Dogecoin Millionaire.”
Nevertheless, Contessoto chose not to sell at the peak and witnessed his holdings dwindle back down to below $50,000 as Dogecoin retraced. He has faced criticism for not cashing in on his profits.
While Dogecoin has experienced significant losses, Contessoto clearly sees the potential for substantial gains in other alternative coins during the next bull market. It remains to be seen which projects he will ultimately select for his proposed $100,000 investment and whether they will replicate the remarkable highs and lows of his infamous Dogecoin bet.
Read more: Bitcoin, XRP, and tradecurve are the top coins to watch in 2023. Follow Us on Google News.
