Dogecoin Prices Fall After Elon Musk SNL Appearance

Elon Musk was on SNL this week and many fans were far more entertained than they anticipated. The billionaire also admitted to having Asperger’s which made headlines.

Plenty of people were also looking for Dogecoin references, the cryptocurrency that Musk has championed. His mother brought it up in the opening segment as she whined about getting the coin for Mother’s Day.

Later on during Weekend Update, Musk appeared as a financial expert named “Lloyd Ostertag,” and there were a lot of questions about “what is Dogecoin.” He didn’t have a real answer. They did namedrop the hot cryptocurrency several times. Then he admitted that it is a hustle.

Despite the Dogecoin Army’s insistence, Musk’s appearance on SNL did not cause prices to go to the moon. In fact, they sunk. Following Musk’s SNL appearance, Dogecoin prices fell around twenty cents. That’s a lot for a cryptocurrency that peaked at seventy cents.

To be fair, Dogecoin has come a long way. Just two months ago the value was four cents. So, it’s still rising, but Elon Musk’s appearance caused a bit of a dip. Now’s the time to buy in because dips are what investors are looking for.