- Glauber Contessoto, a “Dogecoin millionaire”, suggests that he will acquire more DOGE if its value dips below $0.06.
- Contessoto, despite DOGE’s value drop since its all-time high, maintains his holdings, expressing his belief in the original meme coin.
Glauber Contessoto, a crypto enthusiast and YouTuber, well-known for being a self-proclaimed ‘Dogecoin millionaire,’ recently disclosed when he might consider increasing his DOGE holdings. He articulated his condition for this additional investment in a recent tweet, specifying that he would be inclined to purchase more DOGE if its price falls below $0.06. At the time of his statement, DOGE was trading slightly above this threshold at $0.06115.
In the past week, according to CoinMarketCap data, the coin synonymous with the Shiba Inu dog breed has depreciated by 14.35%, with a negligible decrease of less than 1% occurring in the preceding 24 hours. Despite the declining trend, Contessoto validated that he continues to hold onto his Dogecoin investments, reflecting his enduring faith in the meme-inspired digital currency.
Contessoto first gained mainstream recognition in 2021 when CNBC featured his story after he invested $250,000 in Dogecoin. The meme coin’s value surged to an all-time high of $0.7376 in May of the same year, transforming his quarter-million-dollar investment into a million-dollar fortune. However, the rollercoaster journey of Dogecoin has since witnessed a staggering decline of 91.71% from its peak value, prompting some to refer to Contessoto as a “former DOGE millionaire.”
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The ‘Dogecoin Millionaire’ hasn’t restricted his crypto portfolio to just DOGE. He diversified his holdings to include other tokens like Cardano (ADA) and Floki Inu (FLOKI). Contessoto also recently commented on the sudden popularity of a new meme coin, PEPE, that debuted in April. In his tweet, he shared an investment strategy hint, stating that the best time to buy PEPE would be when its value dips 80%-90% below its recent all-time high. These decisions underline his faith in meme coins and his willingness to invest based on calculated market dynamics.
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