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The Straits Times
Dogecoin was quoted as low as 41.6 US cents on crypto exchange Binance before the show.PHOTO: REUTERS
UpdatedMay 10, 2021, 10:57 am
PublishedMay 10, 2021, 7:47 am SGT
https://str.sg/JtDE
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including the ST News Tablet worth $398.
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 on the Saturday Night Live comedy sketch TV show.
Dogecoin was quoted as low as $0.416 on crypto exchange Binance, down 36% 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 billionaire Tesla chief executive hosted the SNL show at 03:30 GMT on Sunday.
Cryptocurrency enthusiasts had for days been eager to see what he would say, after his tweets this year turned the once-obscure digital currency, which began as a social media joke, into a speculator s dream.
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.
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