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Will Elon Musk’s favorite meme crypto hit $1 after his ‘SNL’ appearance?

The digital token, symbolized by the Shiba Inu dog breed, shot up to a six-week high after a tweet by Tesla and SpaceX CEO Elon Musk.

New Delhi: Tesla CEO Elon Musk is going to host the epic TV show ‘Saturday Night Live’ on May 8 and the meme-cryptocurrency ‘DogeCoin’ is making gains because of that. The value of one DogeCoin sits at 70 cents. but fans hope this will increase to $1 after Musk’s appearance on Saturday.

DogeCoin

It all started with a joke or you can say a meme and now the joke appears to be on the people who didn’t take Dogecoin seriously. Elon Musk’s favorite meme cryptocurrency ‘Dogecoin’ came into global prominence when celebrities like Musk, rapper Snoop Dogg and rock band Kiss’ bassist Gene Simmons took to Twitter to talk about it.

The digital token, symbolized by the Shiba Inu dog breed, shot up to a six-week high after a tweet by Tesla and SpaceX CEO Elon Musk. Since then Elon Musk wouldn’t stop tweeting about it. On February 1 he expressed his support for Dogecoin in an interview and said it is a ‘good thing’.

Saturday Night Live

Elon Musk will host the show on Saturday with Miley Cyrus being the musical guest for the night. Musk recently mentioned DogeCoin while teasing the name of a sketch he can perform during his appearance on the show.

As soon as he tweeted this, people started reacting