Popular cryptocurrency dealer Glauber Contessoto has projected a Reddit-themed memecoin to outperform the social platform’s Initial Public Offering (IPO).
In a current social media submit on X (previously Twitter), Contessoto expressed the idea that the memecoin $RDDT will pull in additional beneficial properties than the Reddit IPO which is presently having a significant buzz alongside social media areas.
$RDDT To Flip Reddit IPO
According to him, a surge of the asset to flip the principle Reddit inventory IPO means victory for cryptocurrency customers as customers await an increase of their beloved belongings.
“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 fans lauded the projection expressing related views amid be memecoin frenzy out there.
Popularly often known as the Slum DOGE millionaire amongst crypto customers after making a fortune with the main memecoin, Contessoto has projected one other blistering run for the brand new memecoin. In 2021 he made $2 million from a $250,000 DOGE funding.
Dogecoin hit an all-time excessive in 2021 following a outstanding run that ushered within the current memecoin frenzy. Launched as a joke, the memecoin ballooned right into a billion-dollar joke and gained extra after Elon Musk’s Saturday Night Live look that yr.
Memecoin Buzz Awakens
The memecoin market has recorded an enormous influx within the final 24 hours following the Federal Open Market Committee’s (FOMC) assembly to keep up present charges whereas tipping future charge cuts this yr. The transfer to launch the Reddit IPO has additionally led to memecoin merchants rallying behind one other rise out there. In the final 24 hours, the memecoin market capitalization has soared over 16.2% with some belongings making over 100% beneficial properties.
Market chief, DOGE posted a 6% rise within the final 24 hours after slipping 13% inside the week. Similar optimistic outcomes have been additionally seen by Shiba Inu and PEPE. Meanwhile, Reddit has raised $748 million after promoting 22 million shares in an IPO that has buzzed social media areas.
Read Also: Memecoin Market Cap Blasts 14% as Wider Market Gains
The offered content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
