Glauber Contessoto, higher often called the ‘Dogecoin Millionaire’ for his high-profile funding within the meme-inspired Dogecoin (DOGE) coin, tweeted at present that he plans to make conviction performs on 10 extra altcoin tasks for the next crypto bull run.
Contessoto first made waves within the crypto world in early 2021 when he invested his whole life financial savings of $250,000 into Dogecoin, turning that funding into over $2 million on the coin’s peak. Although the worth of his DOGE holdings has since fallen dramatically together with the remainder of the crypto market, Contessoto says he nonetheless believes totally in Dogecoin’s potential.
The ten coins talked about by Contessoto embody meme coin tasks like Pepe Coin (PEPE) and HarryPotterObamaSonic10Inu, which characterize the identical irreverent, internet-culture centered method that originally drew him to Dogecoin. He additionally talked about extra established altcoin tasks like LUKSO, KASPA and Avalanche (AVAX) that supply progressive blockchain expertise and infrastructure.
Contessoto didn’t present any value predictions or funding quantities for the proposed altcoin buys. Nonetheless, he did say he plans to make investments “$10,000 into every” as “conviction performs into the bull run.” That will characterize a roughly $100,000 complete funding if evenly unfold throughout 10 coins.
For some extra context — Contessoto began his Dogecoin funding with $250,000. He was extensively mocked at first for investing his life financial savings in what many dismissed as a joke cryptocurrency.
However when Dogecoin went on an epic rally in early 2021 fueled by hype from Tesla CEO Elon Musk and different celebrities, Contessoto’s stash soared to a peak of round $3 million. He grew to become an instantaneous crypto superstar because the “Dogecoin Millionaire.”
Nonetheless, Contessoto didn’t promote on the peak and watched his holdings dwindle again down beneath $50,000 as Dogecoin retreated. He has endured criticism for failing to take earnings.
Whereas Dogecoin has misplaced appreciable floor, Contessoto clearly sees potential for large positive factors in different altcoins throughout the next bull market. It stays to be seen which tasks he’ll in the end choose for his proposed $100,000 funding and whether or not they may replicate the epic highs and lows of his notorious Dogecoin guess.