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Video: Elon Musk Explains What Is Dogecoin At SNL – The Cryptocurrency Falls Over 20% Immediately Posted on Elon Musk took the Studio 8H stage over the weekend for his Saturday Night Live hosting debut and, as many expected, there was a lot of cryptocurrency talk. The controversial tech mogul had fans and critics debating the choice to tap him as a host in the lead-up to Saturday’s episode. However, one of the biggest questions was whether or not he’d mention Dogecoin, the satirical cryptocurrency that has skyrocketed in the wake of his repeated online endorsements. As it turns out, Dogecoin and cryptocurrency in general actually played a prominent role in the episode. Apart from a mention in his monologue, Musk appeared as a guest on Weekend Update to talk about Dogecoin’s popularity.

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