Dogecoin [DOGE] managed to garner a lot of fans this year. With Elon Musk’s constant endorsements via Twitter and GenZ’s fervour for the meme coin, put the asset on top. Not only did the altcoin rise in terms of price but also market cap which eventually pushed it into the top ten. The surge in the price of DOGE lured in an array of people and even made some of them billionaires.
The price of DOGE, similar to an array of cryptocurrencies crashed. This downfall led to several pulling out their funds from the altcoin. However, one 33-year-old man is adamant about buying Dogecoin [DOGE] despite its downfall.
Speaking with CNBC, YouTuber, and former DOGE billionaire, Glauber Contessoto revealed that he would continue buying the dip.
“Dogecoin is my savings account”
At the time of writing, DOGE was trading for $0.18. The altcoin was seen recovering from yesterday’s massive crash. This volatile asset had lost an array of people over the last couple of months, but Contessoto urged people to buy the dip.
Contessoto claimed that he was a “Dogecoin billionaire” and his DOGE holdings had reportedly surpassed $1 million. The 33-year-old believes that the altcoin had already hit the bottom.
Furthermore, the YouTuber pointed out that he wouldn’t sell any of his DOGE despite the high volatility wave the asset is riding.
“I can’t pass up a good bargain. Doge is my savings account.”
He even took to Twitter to reveal his recent purchase. The tweet read,
He further added,
“I had a game plan in mind going into this purchase, and I wouldn’t feel right always telling people to ‘buy and hold’ and as soon as I hit $3 million, cash out and leaving everyone else hanging. Until I reach my goal, I’ll continue to buy, hold and ‘diamond hand’ it.”