On Saturday (May 8), with just hours to go before Tesla CEO Elon Musk talks about Dogecoin on comedy sketch show Saturday Night Live (SNL), Digital Currency Group (DCG), owner of Grayscale Investments, shocked the $DOGE community by saying that his company had just gone short on $DOGE.
Data by TradingView indicates that at 04:55 UTC on crypto exchange Bittrex the Dogecoin price got as high as $0.7390, setting a new all-time high.
Currently (as of 19:00 UTC on May 8), Dogecoin is trading around $0.6703, which means that it is still the fourth most valuable cryptoasset (by market cap). In the past 24-hour period, DOGE-USD is up 5.94%. As for the year-to-date period, DOGE-USD is up an insane 14,161%.
Tesla CEO will have his hosting debut on US TV show SNL at 23:30 ET on May 8 (or 03:30 UTC on May 9).
At 16:38 UTC, DCG CEO Barry Silbert shocked the Dogecoin community by announcing that his firm had gone short $DOGE via crypto exchange FTX. Naturally, Dogecoin co-creator Billy Markus was not too happy to hear this news.
Cryptocurrency social media analytics platform LunarCRUSH said less than an hour ago ago that out of all top 10 cryptoassets by market cap, in terms of “Twitter Volume + Bullish Sentiment”, over the last seven days, Dogecoin came out in first place.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.