ELON Musk has named himself the ‘Dogefather’ ahead of his appearance on SNL, in a tweet which appears to have sent the cryptocurrency soaring.
The price of dogecoin shot up from $0.25 to $0.30 in less than 15 minutes after Musk posted a cryptic tweet reading: ‘The Dogefather”
“SNL May 8”
The spike came after a price slump last week, when the meme-inspired cryptocurrency fell after hitting an all-time high, Reuters reported.
Supporters of the cryptocurrency used hashtags to fuel a rally, bumping up the price of dogecoin, until it eventually lost steam.