'Dogecoin Millionaire' Invests $100,000 In NEIRO: 'Quite Literally Your Second Chance At DOGE And SHIB At Lower Valuations'

Glauber Contessoto, also known as “Dogecoin millionaire,” has invested $100,000 in the ETH/USD-based meme coin Neiro NEIRO/USD.

What Happened: Contessoto aka SlumDOGE Millionaire, who previously earned a substantial profit by riding Dogecoin DOGE/USD from a $5 billion to a $90 billion market capitalization, is now eyeing NEIRO as the next big opportunity for several compelling reasons.

"I invested $100,000 into NEIRO," he said, expressing confidence in the potential of this coin to replicate the meteoric rise of Dogecoin and Shiba Inu SHIB/USD.

He named several reasons for his insvestment, such as NEIRO boasting the highest market cap among its peers, making it the top-searched coin. This visibility is a significant advantage for branding and marketing. NEIRO also demonstrated resilience during a recent 37% Ethereum flash crash, retaining a loyal community of holders, or "diamond hands," which signals strong community support and trust in the project.

Also Read: Bitcoin Defies Bearish Signals As Bank Of Japan’s Stance Reshapes Market Dynamics

The investor also highlighted the user-friendly nature of NEIRO on the Ethereum blockchain. Many DOGE and SHIB investors, familiar with Ethereum-based transactions, are expected to find the transition to NEIRO seamless, potentially boosting its adoption. He added, "This is quite literally your second chance at DOGE and SHIB at a much lower market cap."

He also cites the compelling narrative surrounding NEIRO: the original DOGE owner's new dog, also named NEIRO, has captured public interest through regular social media updates.

Finally, the strength of Neiro's team and community is evident in its rapid market cap growth, outperforming other meme coins like Pepe PEPE/USD, according to Contessoto.

Contessoto proclaimed "This NEIRO is the new DOGE," urging the community to rally behind the coin and drive its growth.

With a solid vision and dedicated following, the investor believes Neiro is poised to hit a $1 billion market cap and beyond, predicting a wave of support from other NEIRO communities.

The influence of meme coins and Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next:

• Will Dogecoin, Shiba Inu, Pepe Continue The ‘Memecoin Supercycle’ Despite The Crypto Crash? ‘Just The Tip Of The Iceberg,’ Trader Thinks

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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