THELOGICALINDIAN - Musks actualization on Saturday Night Live will acceptable be themed about the Dogefather
Tesla CEO Elon Musk has accustomed in New York in beforehand of his accessible Saturday Night Live appearance, which will acceptable accommodate a account that focuses on the Dogecoin cryptocurrency.
Episode Will Be Controversial
Musk will host the May 8 adventure of SNL. In late April and early May, he tweeted a adumbration suggesting that one of his sketches will be “the Dogefather,” apparently a bluff of the Godfather films that plays on Musk’s influence over the Dogecoin community.
As the adventure looms, investors are apperception on the implications of the accident for Dogecoin prices and the added cryptocurrency market.
On one hand, Musk’s actualization has become controversial. Some accept that his actualization steals the spotlight from admirable comedians who could host the show; some of that criticism alike originated amid the show’s own casting members.
Combined with the actuality that Dogecoin rallies are reportedly acceptable smaller, Musk’s access over the crypto may be cutting out. Some adumbrate that the day afterwards the adventure will see Dogecoin’s downfall.
“Each of Doge’s above rallies this year has been abate and beneath aggressive. What took 18 hours at aboriginal has been advancing for 2 canicule now,” one absolute broker wrote on Twitter. “I doubtable this is the final advance afore it’s all over for good. May 8th is the day to watch.”
Dogecoin’s amount has biconcave hardly above-mentioned to the episode. At the time of writing, DOGE was bottomward 6.0% over the accomplished 24 hours, admitting that has almost put a cavity in its 23,000% advance over the accomplished year.
Musk Could Help Dogecoin Soar
Despite assorted concerns, Musk could addition Dogecoin prices alike further. While Musk’s advance of the bread on Twitter has brought the bread to the absorption of his 53 actor followers, his SNL actualization will advice Dogecoin ability addition 9 actor cable viewers.
That could potentially animate investment, adoption, and listings. In fact, Dogecoin has already acquired acceptance in the anniversary arch up to the event. Gemini and eToro accept both listed DOGE, and the crypto bank Cloudbet has added abutment for the bread as well.
In short, Musk’s celebrity has apprenticed Dogecoin’s success over the accomplished several months, and that access may eventually run out. However, the bread is seeing absolute acceptance admitting concerns.
Disclaimer: At the time of autograph this columnist captivated beneath than $75 of Bitcoin, Ethereum, and altcoins, and did not authority Dogecoin.
