Glauber Contessoto Has Cardano ADA In His Crosshairs, Waits For Price Dip
After making a name as a Dogecoin millionaire, Glauber Contessoto is now eyeing in Cardano ADA as the next investment target.
33-year-old Glauber Contessoto became a millionaire through investing in Dogecoin. His story how he became a millionaire with the meme coin back in April was shared throughout different media. He put his entire life savings into the meme coin just months after learning about it. And it paid off massively.
The “SlumDOGE Millionaire” had first started investing in the coin after he saw Elon Musk’s tweets about it.
Contessoto explaind:
“A reason why I put my savings into Dogecoin is Elon Musk. I think the guy is a genius.”
The Tesla CEO then continued to tweet about the coin at regulatory intervals over the next two months. Causing the price of Dogecoin to skyrocket. At the height of Musk’s shilling of Dogecoin, the price of the coin had grown over 21,000%. Posting massive gains in just a couple of months.
“I’m not selling”
Around May 2020, Dogecoin price hit $0.74. By this point, Contessoto’s gains had grown so much that he had become a crypto millionaire. His initial investment of over $250,000 had gotten to be over $1 million.
Doge soon began to lose momentum, as assets are wont to do when they have grown too much in a short period of time. Despite the declining prices, Contessoto had refused to sell his coins.
By June, the price had dropped so much that Contessoto lost his crypto millionaire status. The 33-year-old had still refused to sell at this point. Despite revealing that he had lost over $167,000 in a single day due to declining prices. Contessoto did not seem too worried about this, saying, “If Bitcoin and Ethereum weren’t also [hit], I’d be worried.”
Cardano Next
Glauber Contessoto has now turned his attention, Cardano. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple – in that order. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. Some might argue – time will tell.
Contessoto plans to wait for a dip in the price of ADA before buying in. Regardless, he remains bullish on the asset, which he said is still in its early stages.
Contessoto said:
“I’m going to be the biggest Cardano supporter. I’m just waiting on a massive dip before buying into it.”
