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As Dogecoin Spikes 13%, Former DOGE Millionaire Thinks of Grabbing Some More

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Sat, 08/07/2021 - 16:00
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Yuri Molchan
Dogecoin holder Glauber Contessoto, known as a former DOGE millionaire now, says he considers adding more DOGE to his holdings, despite the coin’s 13% growth
As Dogecoin Spikes 13%, Former DOGE Millionaire Thinks of Grabbing Some More
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Glauber Contessoto who positions himself as a Dogecoin millionaire (but a former one now), has tweeted that he is thinking about acquiring more of the most famous meme cryptocurrency.

At the time of writing this, Dogecoin, the seventh largest digital currency, is changing hands at $0.2266 after a 12.88-percent growth over the past twenty-four hours, according to the CoinMarketCap data.

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Image via CoinMarketCap

After buying a $250,000 worth of Dogecoin back in February, Contessoto saw this investment grow into more than $2 million when the meme currency rallied on Elon Musk’s tweets in mid-April.

He did not sell any DOGE then. However, price of the joke crypto started going down and Contessoto lost $167,000 worth of DOGE in a single day.

Related
Dogecoin Millionaire Glauber Contessoto Reveals Origins of DOGE Popularity as Crypto

He continued to stack this crypto and quit his day job to fully focus on his Dogecoin YouTube channel and started getting paid in DOGE for making videos for other crypto projects.

The main trigger for Dogecoin’s growth have always been tweets of Elon Musk, the coin’s biggest and most influential fan. However, he has not been tweeting much about it recently.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.