Dogecoin investor Glauber Contessoto, also known as the ‘Doge Millionaire,’ made headlines when he revealed that he purchased $180,000 worth of DOGE in February 2021. Contessoto sold all his previous investments and went all in on the meme currency, believing it could make him a millionaire.
Surprisingly, Contessoto did not rely on technical analysis or charts to guide his investment decisions. Instead, he followed “market sentiments” and keenly understood pop culture shifts. He believed that DOGE, a meme currency, was poised for a significant surge in value and decided to go all in.
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In February 2021, when DOGE was trading at around $0.045, Contessoto invested $180,000 and accumulated close to 4 million DOGE. His gamble paid off when DOGE reached its all-time high of $0.73 in May 2021. At that point, his initial investment of $180,000 had multiplied to approximately $2 million.
Contessoto’s success story made headlines, and he gained prominence in the DOGE community as an influential figure. It’s another example of how the world of cryptocurrencies can offer incredible opportunities for those who are willing to take risks and ride the waves of market sentiment.
How’s It Going With Glauber Contessoto Afterward?
Surprisingly, despite his self-proclaimed title of ‘Doge Millionaire’, Glauber Contessoto did not sell his Dogecoin holdings when his portfolio skyrocketed to nearly $2 million. Contessoto takes great pride in his unwavering commitment to being a long-term holder, often referring to his “diamond hands.” He confidently announced that he would continue to hold onto the meme cryptocurrency for the foreseeable future.
However, the tides have turned for Contessoto as his holdings have significantly declined in value. Dogecoin has slipped a staggering 87.30% from its all-time high (ATH) and has even added an extra zero to its price. What was once worth $2 million in May 2021 has now dwindled to a mere $370,640, with DOGE hovering around the $0.09 mark. Despite this setback, Contessoto remains resolute in his decision to hold onto his investment.
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