Will Dogecoin go up after Elon Musk Saturday Night Live?

Dogecoin Drops After Elon Musk’s SNL Appearance. It’s a Reminder to ‘Sell the News. ‘ Meme-based cypto currency Dogecoin is falling after Tesla CEO Elon Musk’s performance hosting Saturday Night Live.

Will Elon Musk SNL Dogecoin?

On May 8, billionaire Tesla CEO Elon Musk appeared on “Saturday Night Live” after having tweeted about cryptocurrency Dogecoin (DOGE-USD) for months. Since that appearance, the digital asset is down nearly 80\%.

Does Elon Musk support Dogecoin?

Tesla honcho Elon Musk, who doesn’t mince his words on Twitter, has explained why he supports Dogecoin over any other crypto. Interestingly, Musk had posted images of his Shiba Inu puppy multiple times in the past which has led to an increase in the price of Shiba Inu- the cryptocurrency.

What did Musk say about Dogecoin on SNL?

The self-proclaimed “Dogefather” called dogecoin “the future of currency” and “an unstoppable financial vehicle that’s going to take over the world.” …

Does Doge drop after SNL?

In the days and weeks leading up to Musk’s much-anticipated gig as SNL host, Dogecoin began rising heavily. In January, Dogecoin was priced at around 1 cent. Just last week a single Dogecoin was worth over 70 cents. Some of that dramatic rise was thanks to Elon Musk.

How did Elon Musk SNL affect Dogecoin?

Dogecoin falls as much as 29.5\%, dropping to 49 cents, during Elon Musk’s SNL debut. During the frenzied sell-off, Robinhood experienced an outage in its crypto trading.

How much Dogecoin will go up?

Wallet Investor forecasts that Dogecoin’s price could go up to $0.5 within a year and up to $1.511 by 2026, according to estimations of its bullish support. Other forecasters are more hesitant in their forecasting, predicting that DOGE might not reach $1.2 in value until closer to 2028.

What does Elon Musk think of Dogecoin?

Billionaire and Tesla CEO Elon Musk believes that cryptocurrency Dogecoin is better for transactions as compared to Bitcoin. In a recent interview with Time magazine, the Tesla and SpaceX chief said when it comes to transactions per day, Dogecoin is a way better crypto coin.

What Elon Musk said about dogecoin on SNL?

Asked ‘what is dogecoin’, Musk replied, “It’s the future of currency. It’s an unstoppable financial vehicle that’s going to take over the world.” When a show cast member Michael Che countered, “So, it’s a hustle?”, Musk replied, “Yeah, it’s a hustle,” and laughed.

What Elon Musk said about dogecoin?

Tesla CEO and billionaire Elon Musk has once again endorsed Dogecoin— a ‘meme’ cryptocurrency, over Ethereum saying that DOGE can be used to make Decentralised Finance (DeFi) more accessible to everyone. This is one of the reasons why Musk, earlier in October, called Dogecoin “the people’s crypto”.

What did Elon say about Dogecoin on SNL?

Elon Musk calls the meme-crypto Dogecoin the ‘future of currency,’ predicts it will ‘take over the world’ on ‘SNL’ Elon Musk said Dogecoin, a cryptocurrency that started as a meme, will “take over the world.” Dogecoin is a cryptocurrency created in 2013 as a joke but has recently been popularized by Musk.