Elon Musk tweet drives up value of Dogecoin

The value of the cryptocurrency Dogecoin has climbed significantly following a tweet from billionaire Elon Musk. Musk simply tweeted, “The Dogefather SNL May 8.” The tweet was both a reference to his frequent tweets about Dogecoin, and his planned appearance on “Saturday Night Live.” Dogecoin’s price soared 20% in 24 hour to 32 cents. Dogecoin started as a joke in 2013. It is now the sixth largest digital coin with a total market value of almost $42 billion.

This segment aired on 5 Live on April 29, 2023.
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Elon Musk tweet drives up value of Dogecoin

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