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Dogecoin.  Cryptocurrency is down 30% after Elon Musk called it a "scam" on Saturday Night Live - Observer

Dogecoin. Cryptocurrency is down 30% after Elon Musk called it a “scam” on Saturday Night Live – Observer

He lives by fire, he dies with fire. The DogecoinThis is a joke created cryptocurrency that has risen by more than 13,000%. It lost nearly 30% of its value this morningAfter your most famous lovers – Elon Musk – a joke that the coinPlanned“(Accelerates) During draw From the hilarious Saturday Night Live show hosted by the entrepreneur.

On one draw In which Elon Musk appeared as a potential financial market specialist in a television newspaper, the character portrayed by the owner of Tesla and SpaceX seemed to say that Dogecoin would be at the center of “a revolution in the global financial system.” However, based on the journalist’s character’s insistence about what that cryptocurrency is, Elon Musk’s character ended up admitting:It is a scheme“This is innovation that aims only to extract the maximum amount of dollars for those who participate in cryptocurrencies.

Before the end draw, Elon Musk’s character still screams the usual expressionUp to the moon!It is usually used by the internet users involved in this type of investment. But the joke was over and the damage too.

Dogecoin’s value has boosted more than 70 cents over the past few weeks, especially after learning that Elon Musk will be hosting Saturday Night Live on Saturday 8 May. The hype joke turned out to be the excuse many investors used in this cryptocurrency to reverse the direction of trading – moments ago, Dogecoin’s value actually plummeted to About 45 cents US dollar bill.

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It should be noted, however, that each of these currencies was valued at less than 10 cents at the start of 2021.

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it’s a draw It appeared a few minutes after the opening of the monologue, where Elon Musk set up his mother’s company in a dialogue that also included the topic of the cryptocurrency that Elon Musk often leads through posts on the social network he uses the most, Twitter.