Dogecoin nears all-time high after Elon Musk SNL tweet

The Dogefather? The infamous meme crypto has seen double-digit gains in recent days after Elon Musk tweeted about his upcoming Saturday Night Live appearance on May 8.

His tweet of “The Dogefather SNL May 8” made a great number of people assume that Dogecoin will be mentioned on the show to some degree. And the speculation has continued over the weekend, with price of DOGE surging again to nearing its all-time high.

It had last reached a high of $0.44 per token two weeks ago.

Dogecoin has jumped more than 45% during the last seven days, and has gained 537.92% against the dollar over the last 30-day days. And it has been in the media regularly, with officials and celebrities commenting and endorsing the meme crypto.

But the real action has been happening in the Twitter world, with Elon Musk of Tesla tweeting about the digital coin often. In fact, he very recently fielded Twitter for ideas for certain skits that he could do on the show:

And his tweet been gaining numbers.

His Dogefather tweet had about 10,000 people quote the tweet on Twitter, with more than 73,000 retweets, and over 431,000 likes at the time of writing. And the momentum just keeps on building every day leading up to his SNL appearance.

Interestingly, Twitter is not the only place where shills are hyping up Dogecoin. YouTube hosts thousands of videos, and there are plenty of Shiba Inu posts on Facebook, and no shortage of Dogecoin mentions on Reddit and Instagram.

So much so that the term “dogecoin” recently tapped a score of 100 on Google Trends, which is the highest a search query can get over there.

No stopping the Doge it seems, as the overall Dogecoin economy officially captured a $50 billion market evaluation on Saturday.


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