How This Dogecoin Trade Made a Crypto Investor a Millionaire: Could These Meme Coins Explode Next?
Dogecoin ($DOGE) remains the most talked-about meme coin in the crypto market – and for good reason.
The coin has made fortunes for numerous astute investors, and the tale of one trader, in particular, has caught people’s interest.
However, with Dogecoin’s heyday seemingly behind it, meme coin enthusiasts are now seeking out alternative coins with colossal price potential – and Mr. Hankey Coin ($HANKEY) and Thug Life ($THUG) have emerged as viable candidates in this regard.
Reddit User Becomes Crypto Millionaire by Betting on Dogecoin
Dogecoin needs no introduction, as the coin’s exponential price increase in 2021 was what sparked the meme coin niche into life.
Between January and May 2021, $DOGE exploded by over 7,500%, marking the first time meme-based crypto had gained mainstream attention.
The remarkable surge in Dogecoin’s value captured the public’s imagination and fueled a frenzy of interest and speculation.
Amidst this frenzy, many crypto traders emerged and seized the opportunity presented by the coin’s rising value.
One of these traders, Glauber Contessoto, made a fortune investing in Dogecoin by using his life savings to purchase $DOGE.
According to a 2021 article from The New York Times, Contessoto’s decision to invest his life savings in Dogecoin drew skepticism from friends and family members, but it paid off immensely.
Contessoto’s first investment amounted to around $250,000 and was made in February 2021, just before $DOGE took off.
At the time, $DOGE was trading for just $0.045, yet Contessoto believed in the inherent price potential of the coin, thanks to discussions on platforms like Reddit.
Within two months, Contessoto’s investment soared, turning him into a crypto millionaire.
At the peak of Dogecoin’s rally, Contessoto’s $DOGE holdings amounted to a staggering $3 million – representing a 12x return on his initial investment.
Interestingly, Contessoto claimed he would sell when $DOGE reached $1, highlighting his unwavering support for the coin.
Unfortunately, this price point was not achieved. Dogecoin’s value crashed throughout the second half of 2021, leaving many HODLers (including Contessoto) out of pocket.
However, the good news for the so-called “Dogecoin millionaire” is that he has now carved out a niche on social media, boasting a Twitter audience of over 280,000 people.
Ultimately, Contessoto’s story serves as a testament to the unpredictable nature of the crypto market and its incredible potential.
Which Meme Coins Could Explode Next?
While Dogecoin’s remarkable rise captivated the world, it is not the only meme coin that has seen such huge gains, with Pepe being one of the most recent examples.
Other meme coins, like Mr. Hankey Coin and Thug Life, have also emerged – aiming to ride the wave of internet culture and provide similar investment opportunities.
Mr. Hankey Coin Generating Huge Excitement Ahead of ICO This Week
Mr. Hankey Coin ($HANKEY) is a fresh entrant into the meme coin universe that’s generating huge hype before it’s even launched. It draws inspiration from the beloved South Park character that shares its name and is embracing the shitcoin status.
$HANKEY’s social media traction in the past few days has been remarkable – within just 24 hours of being launched, the Mr. Hankey Coin Twitter account saw a whopping 4,300 people become followers.
This impressive response underscores the viral potential that $HANKEY has, which is bolstered even further by the fact that the creators are gearing up to launch a limited-time presale phase on 13 July.
During this presale phase, 40% of the total $HANKEY supply will be made available, with a modest hard cap of $500,000.
This was a key ingredient in Dogecoin’s success story – and it seems that $HANKEY is taking a leaf from that playbook. There are also rumors that the team behind Mr. Hankey Coin is the same behind the $SPONGE token, which rose over 100x earlier this year.
Prominent crypto YouTuber Jacob Bury has even taken note of Mr. Hankey Coin’s debut, expressing that it could be the next “10x potential meme coin”. All in all, although $HANKEY may be at the beginning of its journey, the growing enthusiasm around the token indicates it’s already making its mark.
The exact drop time has not yet been announced, but interested traders can join the presale now to get notified and ensure they don’t miss out
High-Flying Meme Coin Thug Life Raises Over $1.1m & Looks Set to Go Viral
Another meme coin that has the potential to provide exponential returns is Thug Life ($THUG).
Harnessing the power of hip-hop nostalgia, this fresh addition to the meme coin niche is already piquing the interest of traders worldwide.
$THUG’s recently-launched presale has already generated over $1.1 million within just two weeks, highlighting the hype around the token.
With the presale set to conclude in under five days, or once the hard cap of $2.05 million is hit, there’s now a rush as investors clamor to get their hands on $THUG before its open market debut.
Importantly, 70% of the total 4.2 billion $THUG supply has been earmarked for presale investors, with tokens priced at just $0.0007.
Not only that, but Thug Life’s whitepaper notes that 15% of the supply will be used for community rewards – which could include giveaways and token airdrops.
This attractive tokenomics setup has helped foster a strong community base right from the get-go, with nearly 4,000 people now following the official Twitter page.
Given its significant following and rapidly increasing presale investment, the signs that Thug Life could be the next meme coin to explode are undoubtedly promising.
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