How to Find the Next Dogecoin (DOGE) Before It Explodes

The meme coin landscape is rapidly evolving from pure speculation to projects with genuine utility. Certain projects like Shiba Inu have demonstrated the potential to develop robust ecosystems that include decentralized exchanges and NFT platforms.

Cryptocurrency has seen its fair share of overnight success stories, with traders making small fortunes by pouring a few hundred dollars into a single meme coin.

Glauber Contessoto is one such individual. Known as “The Dogecoin Millionaire,” Contessoto reportedly turned a $250,000 investment into more than $50 million worth of DOGE at current prices.

His reluctance to sell any of his holdings despite the meme coin's many ups and downs over the past three years has earned him the status of “diamond hands” – a skill that involves HODLing one's bag and avoiding the urge to sell during market downturns.

In anticipation of the current rally spilling over into 2025, Contessoto recently shared some of the strategies he will be implementing.

The strategies are grouped into four different categories. The first involves spreading $10,000 across the top ten meme coins ranked by market capitalization. This group includes Dogecoin as well as PEPE, BONK, BRETT, and PNUT.

The second category involves selecting the three best-performing meme coins of each of the major blockchains that currently serve as infrastructure for these assets. These would include Ethereum, Solana, and Sui, among others.

Contessoto also believes that PEPE has become the new DOGE in this cycle, hence he is aiming to invest $10,000 in what he categorized as the “PEPE ecosystem” which are essentially tokens that use, in some way or the other, slight variations of the image of PEPE The Frog.

Finally, he will be pouring a similar amount on specific projects that he believes have a strong team, robust communities, and “cult-like” followings.

Although Contessoto's success may be attributed to a single bet that paid off, his voice is influential in the meme coin space amid his discipline to stick to his beliefs regarding the future of the DOGE token – a strategy that has rewarded him handsomely over the years.

How Hard Is It to Find Promising Meme Coins?

Crypto enthusiasts and investors have eagerly been searching for possible strategies to spot meme coins with a high chance of success as Contessoto did with DOGE. Recently, other tokens in this space like FLOKI and Shiba Inu have captured investors’ attention alongside PNUT amid their stellar short-term gains.

One of the characteristics that these tokens share is that they manage to build large fan bases. These groups combine their efforts to raise awareness and promote the token across multiple social media platforms, messaging boards, and among friends.

Most of these audiences are young individuals trying to find a quick path to riches. Despite the lack of practical utility and cash flows, their involvement becomes a self-fulfilling prophecy as the value of these assets increases as others become excited about that same prospect of getting rich quickly and buy in to further fuel the narrative.

Managing Risks in Meme Coin Investments

Although the potential to generate unbelievable returns is there, investors also face significant risks when they expose money to the meme coin sector. Experts and even enthusiasts like Contessoto seem to share one recommendation in particular, one that is common among financially literate individuals – diversification is key.

Successful investors in any space, and especially in one as volatile as the crypto market, spread their capital across multiple projects. This tends to pay off handsomely as long as the market is going up as a whole.

Projects that collapse or fail to live up to traders’ expectations will produce losses. However, if a handful of tokens generate stellar returns like Dogecoin (DOGE) and PNUT in the midterm, chances are that those gains will more tan offset any setbacks produced by underperforming assets.

Technical analysis is also a tool to which traders tend to resort to analyzing meme coins. Price patterns, volume analysis, and indicators like the Relative Strength Index (RSI) and the MACD tend to be scrutinized to identify buy and sell signals for different individual assets.

Finally, seasoned investors recommend that beginners should only risk money that they can afford to lose when they enter high-risk investments like meme coins. This would reduce the pressure to sell during downturns amid fears that they may lose their life savings or money set aside for important purposes.

How to Find the Next DOGE Before It Explodes?

The meme coin landscape is rapidly evolving from pure speculation to projects with genuine utility.

Certain projects like Shiba Inu have demonstrated the potential to develop robust ecosystems that include decentralized exchanges and NFT platforms. The most successful meme coins are those that can transition from internet jokes to legitimate blockchain projects with a tangible value derived from their huge fan bases.

If market conditions continue to be favorable and Donald Trump’s administration fulfills its promise of being supportive of the sector, chances are that the meme coin space will continue to see a handful of tokens rise in popularity and make millionaires along the way.

Yet, even though the narrative seems enticing, investors have to understand that there are thousands of similar assets competing to grab people’s attention and