> Saostar – Elon Musk’s appearance on ‘Saturday Night Live’ recently attracted a lot of attention.
Dogecoin, a digital currency that bears the symbol of a dog that started as a joke, dropped sharply when Elon Musk appeared on the show “Saturday Night Live”.
Photo: CNBC Specifically, at one point, Dogecoin has decreased in price by 29.5% to 49 cents. Elon Musk mentioned Dogecoin and called it a “rush”. By the end of the program, Dogecoin price increased slightly back to 57 cents. Overall, however, the digital currency is still down 17% in value since the beginning of the show. 
Photo: Hollywood Reporter During the news release that Elon Musk’s TV talk “sparked”, some users of the investment app Robinhood said that they could not trade cryptocurrencies via the app. Robinhood confirmed the problem was still on Twitter and the service was back to normal in less than half the next. 
Photo: NYTimes In mid-April, Dogecoin reached the top 10 of the largest digital currencies in the market. This coin is developed based on the meme “Doge”. This meme has been popular since late 2013 and features a Shiba Inu dog image. 
Photo: The Verge Created by two software engineers named Billy Markus and Jackson Palmer, Dogecoin was intended to be a faster and happier alternative to bitcoin. Since its inception, Dogecoin has a growing community of users.
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