Maris Research

Elon Musk, DOGE market maker? Meme currency pumps as SNL skit looms

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DOGE is set to make its pop culture debut. 

As a weeklong pump carries the meme cryptocurrency up 12% on the daily to $.33 and a staggering 43.8% higher on a 7-day basis, some are now speculating the rally could be fueled perhaps in part by a social media tease from billionaire Elon Musk that he’ll be participating in a Saturday Night Live sketch titled “The Dogefather.” 

The Dogefather
SNL May 8

— Elon Musk (@elonmusk) April 28, 2021

Musk’s fascination with the digital currency dates back to last year, and he has recently only seemed to double-down on what may be an elaborate social media prank. While one of his companies, electric carmaker Tesla, added BTC to the balance sheet last year, the entrepreneur still seems to approach crypto generally with a touch of befuddlement — admitting that blockchain could be the future of human commerce, while also poking fun at its absurdities. 

“What would be the most ironic outcome? That the currency that was invented as a joke in fact becomes a real currency,” he said of Doge in an interview in February.

Elon Musk talks about $DOGE Coin
(Released 4 Hours Ago)@elonmusk said “There is a good chance that #Crypto is the future currency

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