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In February, "All In" Dogecoin surged fivefold, Dogecoin millionaire's next move: Going all in on ADA

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In February, "All In" Dogecoin surged fivefold, Dogecoin millionaire

33-year-old American investor Glauber Contessoto, known as the millionaire Dogecoin investor, has announced his next "All In" target to be Cardano ADA, with plans to become one of its biggest supporters.

Dogecoin Millionaire

Glauber Contessoto went "All In" on Dogecoin in February this year, buying about 5 million Dogecoins at around $0.04 on 2/5, which was worth about $200,000 at the time.

The reason for going "All In" on Dogecoin was due to Tesla founder Elon Musk continuously mentioning Dogecoin on Twitter. Although Contessoto wasn't sure if Musk was serious, he believed Musk to be a genius and decided to invest.

69 days later, when Dogecoin surpassed $0.20 on 4/15, he announced on Reddit that he had officially become a Dogecoin millionaire. Source

The Rollercoaster Ride of Dogecoin Millionaire

Glauber Contessoto, self-proclaimed Dogecoin millionaire, has seen fluctuations in the fiat value of his Dogecoin holdings over the past few months:

  • 5/8: $3.7 million DOGE: 0.74
  • 5/19: $1.05 million DOGE: 0.21
  • 6/21: $800,000 DOGE: 0.16
  • 8/6: $1.05 million DOGE: 0.21
  • 8/27: $1.35 million DOGE: 0.27

After 8/6, Glauber Contessoto once again solidified his title as the "Dogecoin millionaire," but the fluctuations in fiat value have remained volatile. He initially used all his savings and cashed out Tesla and Uber stocks to acquire 5 million Dogecoins, making it a challenging journey to withstand the volatility.

Now, he has a new plan in mind.

"All In" on ADA

Contessoto mentioned in an interview that although he has no plans to sell his Dogecoin, every penny he earns in the future will be invested in Cardano ADA. He also presented his top five cryptocurrencies in the next five years:

Contessoto acknowledged missing out on Ethereum initially and believes that compared to it, ADA is still in its early stages and will be the next great investment target. However, he claims he will patiently wait for ADA to drop before entering, just like he did with Dogecoin.