Dogecoin price spikes after Elon Musk’s SNL appearance tweet, memes take over Twitter

After Elon Musk teased followers with a tweet about his SNL appearance featuring Dogecoin’s mascot in Shibu Inu in it, the prices surged starting a meme-fest online. SpaceX and Tesla CEO Elon Musk is all set to be a guest-host on Saturday Night Live (SNL) television programme. The  much-anticipated appearance is set to be a […]

After Elon Musk teased followers with a tweet about his SNL appearance featuring Dogecoin's mascot in Shibu Inu in it, the prices surged starting a meme-fest online.

SpaceX and Tesla CEO Elon Musk is all set to be a guest-host on Saturday Night Live (SNL) television programme. The  much-anticipated appearance is set to be a potentially market-moving event for his favourite cryptocurrency, Dogecoin.

Based on the “Doge” meme and started as a “fun” alternative to Bitcoin, Dogecoin’s value has risen phenomenally ever since Musk started to endorse it. And it was no different this time as well, with Dogecoin traders worldwide organising watch parties for Musk’s appearance.

Musk, who is the rare business mogul to be asked to host the live comedy show, teased all on the eve of the show with a tweet along with fellow guests. However, it wasn’t just the two other SNL guest stars — The Kid Laroi and Miley Cyrus — but he also included Dogecoin’s mascot, a Shibu Ina, photoshopping it of course. “I’m a wild card, so there’s no telling what I may do,” he was heard saying in a promotional video released by SNL.

SNL also informed that 100,000,000 DOGE will be distributed among everyone who takes part in the BTC streaming event. Promoting “crypto mass adoption,” they stated that Musk is hosting a 5000 BTC giveway during the show.