The dogecoin frenzy is reaching fever pitch as Elon Musk prepares to host Saturday Night Live with speculation he’s poised to talk up his beloved token. Crypto pros are not impressed.
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Meme-based virtual currency dogecoin soared on Wednesday to an all-time high, extending its 2021 rally to become the fourth biggest digital coin.
Fans are driving dogecoin higher to mark an auspicious day, even while other cryptocurrencies continue to struggle.
Dogecoin, the tongue-in-cheek cryptocurrency featuring a Shiba Inu dog as a mascot, briefly touched a record on Monday after billionaire Elon Musk, rapper Snoop Dogg and Kiss bassist Gene Simmons tweeted about it.
Some people are laughing through gritted teeth at Elon Musk’s tweets promoting dogecoin – the joke may ultimately be on all of crypto.
Cryptocurrency dogecoin surged more than 50% on Thursday after billionaire entrepreneur Elon Musk tweeted his support for it, two days after he said he was to take a break from Twitter “for a while”.