DOGE Millionaire Didn't Cash Out Early, Profit of $3 Million Decreased to $50K!

<p>&nbsp;"If the admin is so he has already sold, $3 million is not 3 ringgit."</p><p><br /></p><p>After using all his savings and credit cards to invest $250,000 in Dogecoin (DOGE), Glauber Contessoto's holdings have climbed to $3 million but he unfortunately refuses to withdraw the money.</p><p><br /></p><p>Currently, the price of DOGE, which has slipped more than 90% from its May 2021 all-time high of $0.73, has caused the Las Vegas resident's holdings to quickly drop to $50,000.</p><p><br /></p><p>Contessoto who calls himself the “SlumDOGE Millionaire” and runs the YouTube channel The Dogecoin Millionaire expressed his frustration yesterday on X formerly known as Twitter, but he truly believes that memecoin will become the currency on X.</p><p><br /></p><p><br /></p><p>This is because billionaire Elon Musk often talks seriously about how memecoin will be the cryptocurrency of choice for payments even though DOGE was created as a joke.</p><p><br /></p><p>So here it can be seen that Musk may be in the process of integrating DOGE with X following the social media platform is working on a product in a way that supports crypto payments.</p><p><br /></p><p>Although Contessoto has seen his investment plummet, he is one of DOGE's staunch supporters who strongly believes the memecoin's price will cross $1 during the next bullish move.</p><p><br /></p><p>If the next time the price of DOGE rises again, Contessoto will take profits but by no means sell everything as he remains firm in his position, where he is very confident that the price will reach $1 in the future.</p><p><br /></p><p>As of this writing, DOGE price has plunged by 2.39% to $0.06 in the last 24 hours with a market capitalization of $8 billion and has recorded a 0.37% decline over the past week.</p>