Dogecoin price reach the ATH after eToro lists the joke coin for 20 million users, days before ‘Dogefather’ Musk appears on SNL

Dogecoin price hit an all-time high of $ 0.495 as DOGE traders prepared for the “Dogefather” Elon Musk’s appearance on Saturday Night Live (SNL) this weekend. The eToro exchange has also listed Dogecoin to allow its 20 million users to participate in the joke cryptocurrency.


DOGE/USD 4-hour chart | Source: TradingView

Dogecoin price reach the ATH after eToro lists the joke coin for 20 million users, days before ‘Dogefather’ Musk appears on SN

In an announcement company, eToro stated:

“You barked and we heard you! Everyone’s favorite meme coin is now live on eToro’s trading platform. Dogecoin’s stellar performance and market demand mean the cryptocurrency is not an asset to be taken lightly.”

Dogecoin has risen more than 64% in the past seven days, setting a new all-time high at $ 0.495. Up by more than 5,000% by 2021, the popular meme cryptocurrency now has a market cap above the US $ 56 billion and also regained the number 5 spot in the cryptocurrency rankings, after Bitcoin, Ethereum’s Ether, Binance Coin, and XRP.

Dogecoin’s price suffered a recent plunge to below $ 0.20, three days after April 20, a day that was meant to be “Doge Day” – when the meme coin’s faithful investors were supposed to, but did not, drive Dogecoin’s price to $ 1.

However, Dogecoin then rebounded after receiving some official information from Shark Tank’s Mark Cuban on The Ellen DeGeneres Show and in anticipation of the DOGE community’s favorite son, SpaceX and Tesla CEO Elon Musk’s appearance on Saturday Night Live scheduled for this weekend.

Before appearing on SNL, Musk took to Twitter to ask his followers about the “skit ideas” for the popular American comedy show. Dogecoin fans have wasted no time asking for more Dogecoin promotion and voicing Musk, now the richest man in the world, “The Dogefather.”

Mark Cuban recently reported that his basketball team’s store had sold more than 122,000 DOGE worth of merchandise since it first began accepting the coin in March. Cuban has also declared that he would continue to HODL the coin and will “never sell.”

Other businesses have been joining the Dogecoin craze. On April 13, a popular nightclub in Miami — E11EVEN MIAMI — announced it would accept DOGE as payment for drinks and services.

Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like