Dogecoin Rises 10% After Elon Musk Confirms Coin Will Get SNL Remedy

Elon Musk has confirmed {that a} comedy skit on Dogecoin will function in subsequent week’s Saturday Night time Reside present. 

Musk requested his 54 million Twitter followers which skits he ought to fee for the present, which he’s internet hosting on Could 8. The requests got here thick and quick, and one request stored cropping up: Dogecoin. 

So Musk replied to 1 that requested “Summin in regards to the DOGEFATHER.” The Tesla and SpaceX CEO responded: “Positively.”

Then Dogecoin’s worth rose by 10% to $0.4. That’s all it took. A single phrase. Once more.

And we already knew that Musk was going to supply a skit on Dogecoin. On April 28 he tweeted: “The Dogefather. SNL Could 8.” Dogecoin’s worth spiked 15% on that information.

The value of Dogecoin has since dipped to $0.37—its worth earlier than Musk reconfirmed that Dogecoin would function in SNL.

So, why did the worth rise? 

Properly, each time Musk mentions Dogecoin, it’s like he’s screaming out of the world’s largest megaphone. 

Musk has screamed himself hoarse by tweeting in regards to the coin. It’s like preaching to the choir, nevertheless; most of his tweets now not have the impact on Dogecoin’s worth that they used to.

However when Musk speaks about Dogecoin on SNL, he’ll attain a complete new viewers. The widespread hope is that it will captivate a complete new crowd, who’ll flock to Dogecoin following Musk’s endorsement of the coin. 

If the skit is humorous, well timed and bullish sufficient, the hope—properly, the gamble, for individuals who put cash down in anticipation—is that Dogecoin’s worth will rise triumphantly. 


The views and opinions expressed by the writer are for informational functions solely and don’t represent monetary, funding, or different recommendation.

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