The infamous meme-crypto dogecoin has seen double-digit gains in recent days after Tesla’s Elon Musk tweeted about his upcoming Saturday Night Live appearance on May 8.
In recent times, Federal Reserve Chair Jerome Powell was asked about dogecoin at a press conference, and Shark Tank star Mark Cuban talked about DOGE with Ellen Degeneres.
Just before the weekend, Tesla’s Elon Musk, who tweets about dogecoin often, mentioned his upcoming SNL appearance scheduled for May 8.
A few days prior on April 28, the Tesla executive tweeted “The Dogefather SNL May 8,” which could be a reference to an upcoming DOGE mention on the show.
“Your words give life and energy to dogecoin,” one woman from India wrote.
Of course, members of the Shibe Army helped fuel the dogecoin trends on Twitter as well.
However, from April 18 to the 24th, the term dipped under the 100 mark to 99 and the platform forecasts an upcoming trend dip.
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The chairman of South Korea’s top financial regulator, the Financial Services Commission , Eun Sung-soo, has warned that all of the cryptocurrency exchanges in the country could be shut down.