Dogecoin, the crypto currency that’s been fully supported and embraced, soared past $.50 per coin on Tuesday ahead of Elon Musk’s SNL appearance this coming Saturday.
“Dogecoin is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of Saturday Night Live,” Moya wrote. “Musk will undoubtedly have a sketch on cryptocurrencies that will probably go viral for days and further motivate his army of followers to try to send Dogecoin to the moon.”
“The Dogecoin bubble should have popped by now, but institutional interest is trying to take advantage of this momentum and that could support another push higher,” Moya added.
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