Musk is about to host Saturday Night Live, something he says he will do as “The Dogefather” as DOGE/USD shoots up more than 20%.
Dogecoin (DOGE), the meme-based cryptocurrency that is a pet favorite of Elon Musk, has a new date for its price diary — Musk’s appearance on Saturday Night Live.
In a tweet on Wednesday, Musk described himself as “The Dogefather” as he prepares to host the popular American television show on May 8.
The DogefatherSNL May 8— Elon Musk (@elonmusk) April 28, 2021
Musk is well known for his PR stunts when it comes to Dogecoin, with social media posts often sparking price gains — something which has also benefited Bitcoin (BTC).
A familiar scenario for Dogecoin fans, Musk’s latest round of publicity immediately fuelled a rebound in DOGE/USD, which was up 20% in hours at the time of writing.
Bitcoin’s previous price dip had cost the altcoin sector dearly, with DOGE bottoming far below its recent record high of $0.47.
That peak had also been caused in part by Musk, who had promised to “put a literal Dogecoin on the literal moon” via the latest rocket launch of one of his companies, SpaceX.
Last week saw an improvised “holiday,” dubbed “Dogecoin Day,” attempt to run up the DOGE price to a stratospheric $4.20 in time for the launch, a move which ultimately fell far short of expectations.
DOGE/USD 1-day candle chart (Bittrex).