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Popular cryptocurrency dealer Glauber Contessoto has projected a Reddit-themed memecoin to outperform the social platform’s Initial Public Offering (IPO).  

In a latest social media submit on X (previously Twitter), Contessoto expressed the assumption that the memecoin $RDDT will pull in additional features 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 fanatics lauded the projection expressing comparable views amid be memecoin frenzy out there. 

Popularly referred to 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 latest 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 12 months. 

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 take care of present charges whereas tipping future fee cuts this 12 months. 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% features. 

Market chief, DOGE posted a 6% rise within the final 24 hours after slipping 13% throughout the week. Similar constructive 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

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The introduced content material could embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.