Elon Musk’s enthusiasm for cryptocurrencies has not lessened. Tesla’s CEO has repeatedly rallied support for bitcoin and dogecoin, a meme currency, today Elon Musk Tweeted again saying The DogeFather SLN on May 8th.
On Wednesday, Dogecoin (DOGE) Price hit a new 24-hour high after Tesla Inc CEO Elon Musk hinted that the meme cryptocurrency will be featured on his upcoming “Saturday Night Live” episode.
The value of cryptocurrency increased exponentially after this tweet, in which the executive says that the growth of dogecoin is “inevitable,” more than doubling now after this latest tweet, and the price is said to have increased by 100% Today Alone.
Musk will host “Saturday Night Live” on May 8th, it was revealed on Saturday. “Saturday Night Live” is shown on NBC, which is owned by Comcast Corporation, with replays available on Hulu and Peacock.
Musk will perform alongside musical guest Miley Cyrus, who will be appearing on the show for the sixth time. The film, which will be hosted by Elon Musk, is expected to attract new viewers to “SNL.”
On April 16, the Shiba Inu-themed cryptocurrency soared to an all-time high of $0.4377, boosted by social media hype. According to CoinMarketCap numbers, Dogecoin is now the sixth-largest cryptocurrency by market capitalization.
Dogecoin hit a 24-hour high following Musk’s tweet. The cryptocurrency has risen 20.4% in the past 24 hours and is trading at $0.3291 at press time.