• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$22,971.000.680%
    BITCOIN
    24H : 0.680%
    Volume : $34,499,948,897.00
    Marketcap : $443,479,694,419.00
  • ethereumEthereum(ETH)$1,635.600.480%
    ETHEREUM
    24H : 0.480%
    Volume : $7,730,928,796.00
    Marketcap : $197,382,717,750.00
  • usdex-stablecoinUSDEX(USDEX)$1.08-0.31%
    USDEX
    24H : -0.31%
    Volume : $128,575.00
    Marketcap : $110,959,993,107.00
  • tetherTether(USDT)$1.000.120%
    TETHER
    24H : 0.120%
    Volume : $40,241,223,891.00
    Marketcap : $68,317,381,367.00
  • binancecoinBNB(BNB)$328.691.31%
    BNB
    24H : 1.31%
    Volume : $623,439,531.00
    Marketcap : $44,347,581,039.00
  • usd-coinUSD Coin(USDC)$1.000.130%
    USD COIN
    24H : 0.130%
    Volume : $2,842,712,419.00
    Marketcap : $41,941,597,446.00
  • rippleXRP(XRP)$0.396-1.09%
    XRP
    24H : -1.09%
    Volume : $1,073,139,854.00
    Marketcap : $20,144,316,843.00
  • binance-usdBinance USD(BUSD)$1.000.070%
    BINANCE USD
    24H : 0.070%
    Volume : $10,083,559,269.00
    Marketcap : $16,222,497,276.00
  • cardanoCardano(ADA)$0.388-1.07%
    CARDANO
    24H : -1.07%
    Volume : $300,471,484.00
    Marketcap : $13,600,158,458.00
  • dogecoinDogecoin(DOGE)$0.091-1.29%
    DOGECOIN
    24H : -1.29%
    Volume : $596,250,074.00
    Marketcap : $12,580,711,951.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Dogecoin dumps following “Doge Father” Elon Musk appearance on Saturday Night Live


May 10, 2021 · By MATheGooner
Dogecoin (DOGE)

Originally created as a joke, Dogecoin has risen 130-fold this year, a market capitalization of about $80 billion worth more than the GDP of 120 different countries. Many of the recent price pumps have been attributed to Elon Musk following a series of cheerleading tweets by the self proclaimed Doge Father — Tesla and SpaceX CEO.

Musk explained cryptocurrency generally to the NBC Show’s audience, before hosts Michael Che and Colin Jost repeatedly asked him “what is dogecoin.”

Elon finally mentioned the digital asset on live television tonight in his opening monologue of the sketch comedy show after the tease in late April. Elon joked that her Mother’s Day gift would be Dogecoin after Musk’s mother, Maye Musk joined him onstage and asked what her Mother’s Day present would be.

The meme cryptocurrency finally got its long-anticipated shoutout on Saturday Night Live Show by Elon —  DOGE price had jumped 73%, ostensibly on speculation that the joke token might get a boost from Musk’s appearance on SNL but despite DOGE investors and hodlers hopes, the market responded negatively, resulting in aggressive sell pressure and a violent dump.

DOGE peaked at $.74 roughly a day before the episode, traded hands at $0.66 just before the show went live and has now fallen 32% after the show began recovering from a 38% sharp dip. Musk himself seemed to try and get ahead of the hype, warning his followers in a Tweet to “invest with caution,” this week, saying crypto may be a fun speculation tool. 

“People should not invest their life savings in cryptocurrency, to be clear,” Musk said. “I think that’s unwise.”

Dogecoin was invented as a joke, Musk reminded his fans.!

Primary Sidebar

LATEST NEWS

Research shows London is the commercial city that is the most geared for cryptocurrencies

February 5, 2023

Australia scheduled to release plans to regulate cryptocurrencies in the country

February 4, 2023

Binance severs ties with Indian cryptocurrency exchange WazirX

February 3, 2023

Former Bank of China advisor urges China to rethink its ban on cryptocurrencies

February 2, 2023

Federal judge forbids SBF from using Signal to contact FTX and Alameda staff

February 1, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • FTX CEO reveals shocking truth about “Pure Hell” days after bankruptcy February 6, 2023
  • Research shows London is the commercial city that is the most geared for cryptocurrencies February 5, 2023
  • Australia scheduled to release plans to regulate cryptocurrencies in the country February 4, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) COTI (COTI) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in