DOGECOIN Falls Hard During Elon Musk’s SNL Broadcast

Elon Musk, who was instrumental in the rapid rise of this crypto currency with his support for Dogecoin, did what was expected in the show program Saturday Night Live he hosted and drew the Dogecoin sketch. After Musk’s jokes, eyes turned to the value of Dogecoin.

With the Dogecoin joke on Saturday Night Live from Elon Musk, the popular cryptocurrency has rapidly declined.

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Dogecoin joke on Saturday Night Live by Elon Musk

Dogecoin (DOGE), the most controversial currency in the cryptocurrency world in recent months, has made a lot of talk about itself in recent days. The unit, which has experienced a 15.135% increase in value since the beginning of the year, set a new bar for itself yesterday morning. Dogecoin has reached the value of 0.73995, much closer to the community’s goal of $ 1.

The same reason was behind Dogecoin’s re-folding in a matter of days: Elon Musk. It was announced that the businessman, who has been making new peaks by sharing for months, will participate in Saturday Night Live, one of the most popular television programs in the world. Of course, the internet world has started to expect that Musk will either refer to Dogecoin in the program or put it directly into his mouth.

Dogecoin was indeed commemorated on Saturday Night Live with Elon Musk, which aired hours ago. However, this situation did not happen exactly as expected. “I’m excited for my mother’s day gift, I hope it’s not Dogecoin!” It was remembered with the sentence. The answer of Elon Musk, who did not take Dogecoin in his mouth, is “Yes (Dogecoin). Exactly. ” was in the form.

Dogecoin, which investors invested in anticipation of the program to be prepared for a possible leap, drew a crimson candle after Musk’s words. The unit, which was around 0.69 at 06.34, officially crashed down to 0.54 at 06.54. At 07:19 o’clock, the level of 0.49 was seen. But Dogecoin has received an upward reaction from this level and continues to hover around the 0.53 levels for these minutes. The unit’s drop in 24 hours is almost 25%.

The founder of Tesla and SpaceX, billionaire businessperson Elon Musk has recently made a name for himself with his support for cryptocurrencies. The tweets he sent about Dogecoin on Twitter were effective in the rapid rise of this crypto currency.

Elon Musk, who is the host of the popular talk show called Saturday Night Live, which is hosted by a different celebrity every week, referred to both the program and Dogecoin with the tweet he posted before the program. So the eyes were on whether Musk would say something about Dogecoin again on SNL. It was thought that Musk’s Dogecoin sketch in the program would be reflected in Dogecoin prices.

Musk, 49, referred to the crypto currency that took the business world by storm in the opening speech of the program, which was broadcast yesterday evening.

Dogecoin was launched in 2013 as a joke, and Doge’s value had increased significantly after Elon Musk confirmed it in December 2020. This cryptocurrency experienced a massive surge before the SNL exit.

Elon Musk’s mother Maya Musk also joined the program. In the dialogue between them, Maya Musk asked her son what she would receive for him as a Mother’s Day gift. Maya Musk said, “I’m excited about my Mother’s Day gift. I just hope it’s not Dogecoin, ”he said. Elon Musk also humorously told his mother, “It is. It certainly is ”.

Dogecoin Finance Specialist

Later in the show, Musk appeared as a “financial expert” in the ‘weekend update’ skit, but asked comedian Michael Che to refer to him as the “Dogefather”. Comedian Che asked Musk to reveal Dogecoin over and over again.

Musk explained how it all started as an internet joke and how it has become a valuable cryptocurrency that can be traded for new money. However, Che, who has difficulty understanding, is always saying, “Okay, what is Dogecoin?” asking Musk to explain it over and over again.

When Musk made a statement on Saturday Night Live, it was noteworthy that Dogecoin lost a very serious value. At the time Musk appeared on the TV show, Dogecoin lost about 30 percent of its value. Dogecoin, which broke a record by over 73 cents before Musk joined the show, did not reach the expected $ 1 level. Dogecoin, which lost value during the program, saw about $ 0.56 when the program ended.

The US press emphasized that Dogecoin increased in value after Musk left the screen. After Musk’s release, Dogecoin’s value increased by about 17 percent from the value at the beginning of the program.