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Dogecoin crashes as Elon Musk seems on SNL

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While many assumed Dogecoin would skyrocket in worth throughout Elon Musk’s anticipated SNL look, the joke cryptocurrency crashed because the Tesla CEO placed on an Italian accent and wore a $65 ‘Adult Wario Costume.’ 

When the Saturday Night Live episode first began at 11:30pm ET, Dogecoin hovered at $0.80, in response to Coinsquare’s information. However, because the relatively abysmal episode continued, it hit a low of $0.59.

Then, when musk took on the ‘Dogefather’ function throughout SNL’s ‘Weekend Update’ phase hosted by Michael Che and Colin Jost, Dogecoin rallied again to $0.67. After repeatedly being requested by the hosts what Dogecoin truly is, Musk ultimately admitted that it’s “a hustle,” prompting the cryptocurrency’s speedy descent in worth.

It appears predictions that Dogecoin would hit $1 throughout Musk’s look on SNL proved false. Earlier this week, the coin climbed 41 p.c in 24 hours, hitting a file excessive of $0.89.

Though I anticipated absolutely the worst and the episode did ship a heavy dose of cringe, the controversial billionaire made a number of jokes at his personal expense, led the present by saying he was the first-ever SNL host with Asperger’s and, in fact, talked about renewable vitality and Mars.

That mentioned, it was nonetheless resounding terrible, and Musk’s episode as soon as once more jogged my memory why I hardly ever watch SNL.

You can watch the “Dodgefather” skit above.

Image credit score: NBC (YouTube Screenshot)

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Written by Gideon

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