Elon Musk has teased his Twitter supporters in regards to the possibility of dogecoin (DOGE, +19.64%) (DOGE) featuring in their “Saturday Night Live” hosting debut, prompting a surge into the crypto’s value.
The Tesla CEO tweeted Wednesday “The Dogefather SNL May 8” talking about his web hosting i'm all over this "Saturday Night Live," that has been announced week that is last.
The tweet seemingly prompted excitement among dogecoin traders that the meme-based crypto would see further attention in the front of the tv audience that is big.
DOGE is a parody crypto derived from the "Doge" meme developed in 2013, which has seen an increase in cost of over 6000% in 2021, thanks in no way that is small the interest garnered by the Tesla CEO.
Having trended downwards toward $0.25 within the previous 24 hours, dogecoin spiked a lot more than 20% to over $0.31.
It subsequently pulled back and it is costing just below $0.29 at the right time of writing.
Dogecoin most recently showcased in Musk’s tweets on April 1 as he reported that “SpaceX will probably place a literal Dogecoin regarding the moon that is literal” in just what may or may not have been an April Fool’s joke as DOGE, as with any crypto, is digital by meaning and never physical.
Joke or not, the tweet ended up being followed by a 32% rise within the price of the Shiba Inu-represented crypto.