The infamous meme-crypto dodgecoin has hit double-digit gains in recent days after Tesla’s Elon Musk announced its upcoming live appearance on Saturday night, May 8. On Wednesday, Musk tweeted “The Dogefather SNL May 8” and a large number of people speculated that dogecoin would be mentioned to some extent in the show.
Dogecoin captures a market capitalization of $ 50 billion
This weekend, the dogecoin (DOGE) began to rise again as the Shiba Inu-like dog symbol approached the all-time asset record (ATH). The last dogecoin ATH was two weeks ago, when the cryptocurrency reached $ 0.44 per token.
DOGE has jumped more than 45% in the last seven days, and 30-day statistics show that dogecoin has gained 537.92% against the US dollar. Recently, Federal Reserve Chairman Jerome Powell was asked about dogecoin at a press conference, and Shark Tank star Mark Kuban spoke about DOGE with Ellen Degeneres.
Just before the weekend, Tesla’s Elon Musk, who often tweets about dogecoin, mentioned his upcoming appearance on SNL, scheduled for May 8. In fact, Musk offers Twitter for ideas for some skits he can do on the show.
Make #Dogefather pic.twitter.com/JiZTHDRY8P
– # Ðogecoin Hodler (@ChetAndrewGrant) May 1, 2021
A few days earlier, on April 28, Tesla’s CEO posted the message “The Dogefather SNL May 8” on Twitter, which may be a reference to the upcoming mention of DOGE in the show. Nearly 10,000 people quoted Musk’s tweet on Twitter, he has been retouched more than 72,000 times and has over 422,000 likes at the time of writing.
A large number of people responded to Musk’s tweet that day. “Your words give life and energy to dogecoin,” wrote an Indian woman. “I invested 5,000 Indian rupees in doges. Bought at 27 INR. Only 184 doge coins. Now in a little immersion. This 5k is very small for large investors. But this is hard-earned money for me, “she added.
The woman’s tweet received over 4,541 likes on Twitter and was retweeted quite a bit. Since Musk’s tweet, the hashtag trends #dogefather and #DogecoinToTheMoon have been quite viral on Twitter.
Dogecoin queries reach the highest score in Google Trends
Of course, members of Shibe’s army also helped reinforce trends in dogecoin (DOGE) and Twitter. “Elon Musk brings Scooby Snacks to SNL. I guess I will step back and take a small DOGE bag, ”said one man.
“Thank you #Dogefather,” another person tweeted. “You made me return what I lost. Wishing you to reach this dollar mark. “
Dogecoin not only tours through shields on Twitter, but also has thousands of DOGE videos on Youtube, many Shiba Inu posts on Facebook, and many mentions of dogecoin on Reddit and Instagram.
Meanwhile, in the global statistics of Google Trends (GT), the term “dogecoin” recently reached a score of 100, which is the highest search query it can receive for GT.
The term “dogecoin” now catches this result during the week of 11 to 17 April. However, from 18 to 24 April, the term fell below 100 to 99 and the platform predicts an impending decline in the trend. On Saturday night, the total economy of dogecoin (DOGE) officially caught a market valuation of $ 50 billion.
What do you think about the recent dogecoin rally and Elon Musk’s “Dogefather SNL” tweet? Tell us what you think about this in the comments section below.
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