He is the most famous Dogecoin investor after Elon Musk – and is now betting heavily on Cardano (ADA)! What’s behind it – and should you buy ADA now?
Does it make sense to invest in Cardano?
This man became a millionaire by buying Dogecoin (DOGE), but refused to realize his profits. Now his DOGE fortune is only worth 50,000 USD – down from 3 million USD!
I used to have $3 Million in #Dogecoin
Now it’s $50,000
What happened?
— SlumDOGE Millionaire (@ProTheDoge) August 23, 2023
Nonetheless, Contessoto, who describes himself as “SlumDOGE Millionaire” and runs the YouTube channel “The Dogecoin Millionaire,” remains bullish on Dogecoin (DOGE). Contessoto is convinced: Dogecoin has the potential to become a real currency – for example the preferred payment method on X (formerly Twitter).
In addition: “ProTheDoge” Glauber Contessoto has a feel for coins that are about to explode in price – and now he has chosen his next bull run candidate!
His prediction: No other cryptocurrency will explode in price like Cardano (ADA)! Contessoto to his more than 290,000 followers on X:
“I think it’s a good time to stock up on some coins that you believe in for the long term.”
He just purchased ADA for a whopping 20,000 USD for 59 cents, adding:
“I’m waiting for it to pump a little before investing everything in Cardano native tokens. Will share my top 10 list of what I buy here soon. It’s going to be really interesting!”
I’ve been saying crypto has been moving sideways for a little while now and I think it’s a good time to load up on some coins you believe in longterm.
Just bought another $20K worth of #ADA at 59 cents 👇🏼
I’ll wait for this to pump a little before putting it all into #Cardano… pic.twitter.com/OVsfmjHjFv
— SlumDOGE Millionaire (@ProTheDoge) January 1, 2024
There are price fireworks in store for Cardano (ADA) in particular, as the crypto strategist suspects. What’s more: Cardano could overtake all other coins in the next bull run and become the “most valuable blockchain” ever! The investor:
#CARDANO will be the most valuable blockchain in the next bull run.
— SlumDOGE Millionaire (@ProTheDoge) January 4, 2024
Cardano forecast: ADA to almost 25 USD?
But what does this mean specifically for the Cardano price? How expensive will Cardano be? What will Cardano cost if ADA becomes the most valuable blockchain and has the market cap of Bitcoin?
A quick calculation: If Cardano (ADA) really became the most valuable blockchain and reached the market capitalization of Bitcoin ($862,761,026,844), that would bring the Cardano price from the current $0.56 to a whopping $24.67 per coin – an increase of 4,305 .36%! Sure, swapping places with Bitcoin is a bold prediction that hardly anyone else is likely to agree with.
Analysts, for example, are speculating on a similar rapid development to that of Pepe Coin (PEPE) or Bonk (BONK).
