Dogecoin lost more than a third of its price on Sunday after Tesla chief and cryptocurrency supporter Elon Musk called it a “hustle” during his guest-host spot on the Saturday Night Live comedy sketch TV show.
Dogecoin was quoted as low as $0.416 on crypto exchange Binance, down 36 percent from levels around $0.65 before the show. It retraced some of that move later on Sunday and was last trading around $0.569.
The cryptocurrency, which started as a joke in 2013, has surged more than 16,000 percent in the past year, Bloomberg reported citing crypto data tracker CoinGecko.com. Musk has been among its biggest boosters, along with celebrities Mark Cuban, Snoop Dogg and Gene Simmons.
Posted: May 10, 2021 2:22 PM ET | Last Updated: May 10
Dogecoin started as an internet joke, but has grown to become the fifth most valuable cryptocurrency in the world.(Gabby Jones/Bloomberg)
The cryptocurrency dogecoin went on a rocket ride to the moon and back over the weekend after Elon Musk poked fun at it on
Saturday Night Live before announcing on Monday that his company would accept it as legitimate payment for a mission to the moon.
If that sentence makes little sense to you, you re not alone. But read on for a primer about what exactly is going on.
First thing s first what is dogecoin?
Dogecoin loses third of price after Musk calls it hustle on SNL
Posted : 2021-05-10 11:08
Updated : 2021-05-10 11:08
A small toy figure is seen on the cryptocurrency representation with dogecoin logo in the background in this illustration picture taken, April 20. Reuters-Yonhap
Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a hustle during his guest-host spot on the Saturday Night Live comedy sketch TV show.
Dogecoin was quoted as low as $0.416 on crypto exchange Binance down 36 percent from levels around $0.65 before the show. It retraced some of that move later on Sunday, and was last trading around $0.569.
Publishing date: May 09, 2021 • 6 days ago • 3 minute read •
Article content
NEW YORK Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a ‘hustle’ during his guest-host spot https://twitter.com/cryptoafricaedu/status/1391373668744372225?s=21 on the “Saturday Night Live” comedy sketch TV show.
Dogecoin was quoted as low as $0.416 on crypto exchange Binance https://www.binance.com/en/trade/DOGE USDT?type=spot, down 36% from levels around $0.65 before the show.
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