Dogecoin rallied to $ 0.39 after Elon Musk confirmed that “Dogefather” is available in upcoming episode of “Saturday Night Live”

Dogecoin price soared again after Tesla CEO Elon Musk confirmed that the much-talked-about skit titled “Dogefather” would “definitely” make it to the upcoming episode of “Saturday Night Live.”


DOGE/USD 4-hour chart | Source: TradingView

Tesla CEO Elon Musk has thrown yet another bone to the Dogecoin community

Dogecoin rallied to $ 0.39 on the Binance exchange following Musk’s tweet but has failed to regain its all-time high of $ 0.45.

However, Dogecoin is currently the best performing cryptocurrency in the top 10 CoinMarketCap, outperforming Ethereum’s gain. Accordingly, the token Shiba Inu added billions of dollars to its market cap after Musk tweeted the meme “The Dogefather” along with the date of the “SNL” appearance last week.

Keeping his style, the billionaire doesn’t reveal anything else about his puzzling tweet, but crypto Twitter is rife with speculation.

Musk will launch his hosting company on “SNL” on May 8, the day when Dogecoin can finally become a part of popular culture.

While Dogecoin tweets are both fun and playful for Musk, the market certainly takes them seriously.

If you wonder how people could buy this coin so quickly following Musk’s tweets, it’s really because the bots are doing their job.

Aware of the entrepreneur’s tweeting habits, ingenious programmers came up with a series of scenarios to automatically buy coins after each mention of Musk.

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.

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