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EXCLUSIVE: Dogecoin Millionaire Says Shiba Inu’s ‘Price Will Drop Massively’ As It Won’t Ever Beat DOGE

Glauber Contessoto — known to many as the “Dogecoin Millionaire” — said he expects Shiba Inu’s (CRYPTO: SHIB) “price will drop massively” and it does not compete with Dogecoin (CRYPTO: DOGE), especially considering the latter is a coin.

What Happened: Contessoto told Benzinga during an exclusive interview that he does not view Shiba Inu as a coin since it is “still a token that’s built on another coin’s blockchain” referring to Ethereum (CRYPTO: ETH). For this reason, he said that it is plagued by the high fees and slow transactions that are so often complained about by Ethereum’s community.

Earlier this month, Contessoto also told Benzinga that he has not sold a single Dogecoin and discussed the other cryptocurrency bets he made after making his fortune with DOGE. 

Contessoto also highlighted that when Ethereum co-founder Vitalik Buterin was given 50% of Shiba Inu’s supply …

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