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“The Dogefather”: will SNL send Dogecoin to the moon?

“The Dogefather”: will SNL send Dogecoin to the moon?


With Elon Musk set to appear on Saturday Night Live this Saturday, DOGE devotees have their sights set on a $1 price target

Elon Musk will appear on the American comedy show Saturday Night Live this Saturday, May 8, and yet another DOGE-related tweet from the Tesla magnate has sent crypto investors into a frenzy.

Dogecoin holders are hoping for an extension to this week’s historic rally, during which the Internet’s favourite meme coin registered an all-time high of around $0.69. DOGE currently boasts year-to-date gains of over 12,000%, and has now successfully beaten out Ripple’s XRP token to become the fourth-largest cryptocurrency by market capitalisation.

Elon’s influence

Musk’s “Dogefather” tweet has ignited speculation that the self-styled “Technoking of Tesla, Imperator of Mars” will mention DOGE on SNL, potentially compounding Dogecoin’s recent explosion into the mainstream. The CEO also tweeted, “Let’s find out just how live Saturday Night Live really is”, further adding to the expectation that SNL will be used as a platform to preach the gospel of DOGE.

Musk has become a darling of the DOGE community, with rallies being attributed to various tweets of his. He has repeatedly implied support for Dogecoin going “to the moon”, which aligns with many DOGE holders’ long-term price target of $1.

Where can I buy Dogecoin?

eToro

eToro is easily one of the largest, most reputable online brokers on the market, and has become a go-to for both novice investors and pros since its inception in 2006. Luckily for prospective DOGE traders, Dogecoin was listed on eToro this week, allowing users to buy the meme coin for the first time on such an accessible platform.

eToro’s easy-to-use interface and low trading costs make it a fantastic choice for investors looking to capitalise on the SNL Dogecoin hype.

Register with eToro now! 

Plus500

Plus500 is another online broker that has been around for over a decade, and is another firm favourite of veteran traders and new investors alike. It offers a broad selection of cryptocurrencies, and allows easy exposure to many of the biggest coins.

Plus500 has some of the tightest spreads in the business, incurring extremely low costs for traders, and represents another excellent option for traders aiming to book profits off the back of the current cryptocurrency bull market.

Register with Plus500 now!





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