Elon Musk’s SNL appearance bursts Dogecoin bubble

Never before has the strength of a joke been tied to the fate of a financial market so strongly as it was this Saturday evening with Elon Musk’s celebrity hosting of Saturday Night Live.

Dogecoin has been taking the spotlight recently due to the heroic rise of what started as a ‘joke’ cryptocurrency. Spurred by media moguls, such as Mark Cuban’s appearance on Ellen, spruiking the strength of Dogecoin as a long-term investement option, we saw Dogecoin rise 1100% in the last month alone from 0.061USD to north of 0.71USD.