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It’s not Saturday Night Live, but DogeCoin is on the way to the Moon

It's not yet Saturday Night Live, but DogeCoin is on the way to the MOON

While it isn’t yet Saturday Night Live, DogeCoin is on the way to the MOON.

Dogecoin (DOGE) price has risen above 37 cents, surging by more than 17% to an all-time high in the week leading up to the famous SNL show, where Tesla CEO Elon Musk is expected to discuss the net coin.

In the SNL, which will be held on Saturday, May 8, Dogecoin is expected to begin to rise and finally hit a new all-time high price.

DOGE rose by marginally more than 250 percent between April 15 and 16, reaching an all-time high price of $0.45 on April 16. After that, though, the price plummeted.

The drop lasted until April 23, when Elon Musk sent out a tweet that sparked a new rally that culminated in a high of $0.29.

Since February 4, Musk has been tweeting nonstop about Dogecoin. The coin which Elon refers to as the people’s coin has also earned endorsements from rapper Snoop Dogg, Mark Cuban, and Kiss rocker Gene Simmons.

Musk announced earlier this month that he had bought an unspecified quantity of Dogecoin for his nine-month-old son X A-Xii, whom he shares with musician Grimes.

He tweeted alongside a video of his son sitting on the stairs, “Bought some Dogecoin for lil X, so he can be a toddler hodler.”

Dogecoin is now the eighth-largest cryptocurrency, with a market cap of about $10 billion, and Forsige predicts it would be worth more than $2 by 2022.

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Nasiru Eneji Abdulrasheed Is a Forsige breaking news reporter and editor, covering Europe, Africa, and the U.S. from Abuja.

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