What happened to Dogecoin after SNL?
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\%.
Did Elon mention Dogecoin on Saturday Night Live?
Musk ended up mentioning dogecoin twice on “Saturday Night Live”: during his opening monologue and again on “Weekend Update,” where he discussed it with co-hosts Colin Jost and Michael Che.
How did Elon Musk SNL affect Dogecoin?
Dogecoin falls as much as 29.5\%, dropping to 49 cents, during Elon Musk’s SNL debut.
Is Elon Musk accepting dogecoin for Tesla?
Tesla Inc chief Elon Musk said on Tuesday the electric carmaker will accept dogecoin as payment for merchandise on a test basis, sending the meme-based cryptocurrency up 24 per cent. “Tesla will make some merch buyable with Doge & see how it goes,” Musk said in a tweet.
Will Tesla CEO Elon Musk’s SNL appearance boost Dogecoin price?
The Tesla CEO has been Dogecoin’s most vocal supporter. He has repeatedly pushed it on Twitter, and even nicknamed himself “The Dogefather”. Many investors hoped his SNL appearance would take the cryptocurrency even more mainstream, and further boost its price.
What did Elon Musk say about Dogecoin?
His cryptic tweets “Doge” and “Dogecoin is the people’s crypto” that month kicked off a rally in dogecoin – created as a parody on the more mainstream bitcoin and ethereum . read more On Thursday, Musk tweeted: “Cryptocurrency is promising, but please invest with caution!”
What happened to Dogecoin on SNL?
Dogecoin was quoted as low as $0.416 on crypto exchange Binance, down 36\% from levels around $0.65 before the show. It retraced some of that move later on Sunday, and was last trading around $0.569. The billionaire Tesla Inc (TSLA.O) chief executive hosted the SNL show at 11:30 p.m. EDT on Saturday (0330 GMT on Sunday).
Is Dogecoin a ‘hustle’?
NEW YORK, May 7 (Reuters) – Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a ‘hustle’ during his guest-host spot on the “Saturday Night Live” comedy sketch TV show.