Dogecoin Spikes on Elon Musk’s SNL Tweet
28 Apr, 2021•2 min read•Altcoins
Elon Musk has teased his Twitter followers about the possibility of dogecoin (DOGE) featuring in his Saturday Night Live hosting debut prompting a spike in the crypto’s value.
Having trended downwards toward $0.25 over the previous 24 hours, dogecoin spiked more than 20% to over $0.31. It subsequently pulled back and is priced at just under $0.29 at the time of writing. Dogecoin most recently featured in Musk’s tweets on April 1 when he claimed that “SpaceX is going to put a literal Dogecoin on the literal moon,” in what may or may not have been an April Fool’s joke as DOGE, like all crypto, is digital by definition and not physical. Joke or not, the tweet was followed by a 32% rise in the price of the Shiba Inu-represented crypto.