8.1 C
7 May 2021
Image default

Dogecoin Returns to Top 5 Ahead of Elon Musk’s “SNL” Debut

Dogecoin is zeroing in on a new all-time high after surpassing Tether

While Ethereum might be stealing all the spotlight this Monday with numerous all-time highs, Dogecoin (DOGE) is trying to catch up.

The meme cryptocurrency has returned to the CoinMarketCap top 5, currently trading at $0.41 on the Bitstamp exchange.
Image by coinmarketcap.com

The joke coin is only 8.5 percent away from surpassing its previous all-time high of $0.45 that was recorded on Apr. 16.

As ludicrous as it may sound, Elon Musk’s “Saturday Night Live” hosting debut appears to be the main headwind for Dogecoin as of recently. Its price had several major spikes over the past week that were directly linked to the Tesla CEO mentioning the “Dogefather” meme on Twitter.

It remains to be seen whether May 8 will be the day DOGE explodes into mainstream consciousness or another dud like “Dogeday.”

News Source

Related posts

Wikipedia Deletes Cardano Page, Hoskinson Accuses the Website of Censorship


SBI Groups SBI Wallet merges with digital securities issuance and management platform Securitize


Geopolitical fallout of central bank digital currencies


Leave a Comment