SlumDOGE Millionaire Glauber Contessoto Still Believes in Cardano ADA Despite Its Lackluster Performance This Year

The popular trader has been known for his bullish stance on ADA and even placed the coin in his Top 5 list, along with Bitcoin BTC/USD, Ethereum ETH/USD, and Solana SOL/USD.

Glauber Contessoto, also known as SlumDOGE Millionaire, has expressed his continued support for Cardano (ADA) despite its sluggish performance this year.

In response to an image of Cardano co-founder Charles Hoskinson looking happy and spirited, Contessoto wrote, "I still believe in ADA."

The popular trader has previously disclosed his bullish stance on ADA, even including it in his Top 5 list, along with Bitcoin, Ethereum, and Solana.

Contessoto's optimism comes even as the tenth-largest cryptocurrency has had a lackluster performance this year.

ADA has plunged 41% year-to-date, while most large-cap coins have recorded significant gains in the same period. Bitcoin has surged 38% since the beginning of the year, while Solana and Ethereum have gained 54% and 17%, respectively, year-to-date.

notably, Contessoto has been bullish on ADA for several years now.

Back in 2020, he signaled his intention to buy as much of the cryptocurrency as "humanely possible," and this was during a period when ADA was rallying and hit a peak a few weeks later. However, since then, it has lost 87% of its value.

Despite this, Contessoto has continued to express optimism and claimed to own nearly 100,000 ADA tokens in January 2023.

Contessoto rose to fame for his early belief in the dog-themed meme token, Dogecoin. He reportedly invested heavily in the cryptocurrency and went from being a struggling music producer to a millionaire in 69 days.

ADA was trading at $0.3485, up 3.73% over the past 24 hours.

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