Millionaire allocates 99% of his portfolio to Dogecoin, anticipating bullish breakout – FXStreet

Ekta Mourya Ekta Mourya
FXStreet

Dogecoin price is attempting a recovery from the drop over the weekend. Glauber Contessoto shared his bullish outlook on DOGE with investors on crypto Twitter, revealing his crypto portfolio holdings. 
Glauber Contessoto, widely popular as "The Dogecoin Millionaire," recently revealed his crypto portfolio holdings. 99% of Contessoto's portfolio is invested in DOGE; he further revealed ADA and FLOKI holdings. 
Contessoto is bullish on DOGE, and in a recent interview, he states, 
Unit bias plays a huge role; somebody would much rather own a 1000 Dogecoin instead of 0.0000001 in Bitcoin… It's a psychological thing.
Contessoto builds a bullish case for DOGE, arguing its relevance over Bitcoin or any other cryptocurrency. 
Dogecoin has posted cyclical gains, and the Shiba-Inu-themed crypto now offers a degree of predictability based on whale movements. Experts believe that DOGE prices climb higher every cycle. 
Pseudonymous cryptocurrency analyst and trader @Tree_of_Alpha recently tested payments for SHIBA on Tesla's website. The analyst simulated payments on the website and observed that the exchange rate on the payments page worked out to DOGE price at the time. 
The analyst is unsure how long the payment system has been in testing and whether Tesla would accept SHIB or DOGE payments or a fork of Doge with the ticker SBA (based on his findings). 
How I found out Tesla was testing payments for a coin called SHIBA (SBA), and how that coin ended up very likely not being $SHIB, but $DOGE instead.

1/8 pic.twitter.com/tKRGBOYc95
Interestingly, Dogecoin has ranked in the list of top 10 cryptocurrencies mentioned on Twitter this week. The meme coin also ranks in the most searched coins this week, based on data from Google Trends. 
Guy, an analyst at Coin Bureau, commented on the war between Dogecoin and Shiba Inu in a recent video on YouTube, 
Both Dogecoin and Shiba Inu are in the process of introducing their respective scaling technologies, so I reckon it's right to say that they are evenly matched.
FXStreet analysts have evaluated the DOGE price trend and predicted that Dogecoin is expected to skyrocket once the meme coin crosses the $0.30 barrier. 
 

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Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection,  its technicals support a bearish outlook for the leading crypto.  
Shiba Inu price is on the frontline of ushering in the weekend with a daily bullish candle alongside other crypto assets such as Solana, Binance Coin and Polkadot.
Cardano price is ready to rally after triggering the same pattern for the fourth time in the last two months. This development could provide buyers and traders with a quick and easy setup to capitalize on.
Solana price firmly held to slightly higher support to curb declines witnessed this week compared to July’s primary anchor at $35.00. The smart contracts token suffered a significant hack attack early Wednesday.
Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection,  its technicals support a bearish outlook for the leading crypto.  
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