Dogecoin Millionaire Tips Reddit Themed Memecoin To Outperform IPO
Popular cryptocurrency trader Glauber Contessoto has projected a Reddit-themed memecoin to outperform the social platform’s Initial Public Offering (IPO).
In a recent social media post on X (formerly Twitter), Contessoto expressed the belief that the memecoin $RDDT will pull in more gains than the Reddit IPO which is currently having a major buzz along social media spaces.
$RDDT To Flip Reddit IPO
According to him, a surge of the asset to flip the main Reddit stock IPO means victory for cryptocurrency users as users await a rise in their beloved assets.
“If the meme coin $RDDT flips the actual #REDDIT stock IPO with the ticker symbol $RDDT then we have done our jobs as crypto enthusiasts well and we have fought the good fight and have won! LFG! @RDDTCOIN WE LIKE THE COIN!!!.”
Following the forecast, cryptocurrency enthusiasts lauded the projection expressing similar views amid be memecoin frenzy in the market.
Popularly known as the Slum DOGE millionaire among crypto users after making a fortune with the leading memecoin, Contessoto has projected another blistering run for the new memecoin. In 2021 he made $2 million from a $250,000 DOGE investment.
Dogecoin hit an all-time high in 2021 following a remarkable run that ushered in the recent memecoin frenzy. Launched as a joke, the memecoin ballooned into a billion-dollar joke and gained more after Elon Musk’s Saturday Night Live appearance that year.
Memecoin Buzz Awakens
The memecoin market has recorded a massive inflow in the last 24 hours following the Federal Open Market Committee’s (FOMC) meeting to maintain current rates while tipping future rate cuts this year. The move to launch the Reddit IPO has also led to memecoin traders rallying behind another rise in the market. In the last 24 hours, the memecoin market capitalization has soared over 16.2% with some assets making over 100% gains.
Market leader, DOGE posted a 6% rise in the last 24 hours after slipping 13% within the week. Similar positive results were also seen by Shiba Inu and PEPE. Meanwhile, Reddit has raised $748 million after selling 22 million shares in an IPO that has buzzed social media spaces.
Read Also: Memecoin Market Cap Blasts 14% as Wider Market Gains
- Four Meme and BNB Partner on $45M ‘Rebirth Support’ Airdrop, First Batch Set to Begin
- Why Is Crypto Market Down Today (Oct 14)
- BREAKING: Elon Musk Endorses Bitcoin Again After Years Amid Crypto Bloodbath
- BREAKING: Metaplanet Stock Crashes 12% as Enterprise Value Falls Under Bitcoin Holdings
- XRP ETF Faces Delay as Expert Confirms October 19b-4 Filings Are Procedural, Not Deadlines
- XRP Price Crashes as Whales Dump 2.23B Tokens — Is $2 the Next Stop?
- Trader Sees a Dogecoin Price Surge as House of Doge Sets for a NASDAQ Listing
- Will Shiba Inu Price Recover After the Crypto Crash As Burn Rate Soars 8,194%?
- Bitcoin Price Mirrors March 2020 Crash as US–China Trade Easing Fuels Recovery
- PEPE Coin Price Reenters Historical Demand Zone as Whales Accumulate $5M— Can It Repeat Its 123% Rally?
- Bitcoin Price Prediction as Trump’s Tariff Shock Triggers $19B Liquidation
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
