Dogecoin 2021 millionaire: “I was just an exception last year,” says to stack crypto until 2023
Glauber Contessoto, the self-proclaimed “First Dogecoin Millionaire of 2021”, is rapidly losing his riches. Contessoto admitted in a recent tweet that he was an exception, having made millions during Dogecoin’s spectacular rise in April and May last year.
Contessoto, who goes by the Twitter handle “slumDOGE millionaire,” continues to believe in Dogecoin, although it is roughly 91% lower than its all-time high of $0.73, reached in May 2021.
As Dogecoin continues to fall, the “slumDOGE millionaire” insists he never sold the cryptocurrency. Los Angeles native Contessoto has a “rags to riches” narrative that has drawn a lot of attention to cryptocurrencies in general.
He claimed in April of last year that he had become a Dogecoin millionaire. “Ok, I’m just going to put this out there. I believe I’m the first Dogecoin millionaire of 2021,” he tweeted on April 17.
Dogecoin drops 9%
The crypto market crash continued over the weekend as US inflation data reported on Friday beat expectations. Stocks fell, while two-year Treasury rates hit their highest level since 2008. In recent months, cryptocurrencies have fallen alongside stocks as the Federal Reserve raised interest rates to fight against inflation.
Over the last 24 hours, DOGE/USD has traded roughly down 9% at $0.06, marking the third day of losses.
While the price of the meme coin was falling at press time, Coinglass statistics showed that $3.1 million worth of DOGE had been liquidated in less than 24 hours. Billy Marcusalso known as “Shibetoshi Nakamoto”, the co-founder of Dogecoin, offers advice for cryptocurrency investors looking to buy dips during bear markets.
He wrote, “What’s the best thing to invest in during a bear market?” The answer is always the same. yourself. learn marketable skills. It’s the easiest and cheapest time in history to learn stuff.”
