DOGE has plunged 70% since the “Dogecoin CEO” appeared on SNL in May.

We’ve been hearing a lot about the price of DOGE in the last couple of months. On May 4th, the price was at 0.0049 BTC. On May 16th, it was at 1.5 BTC. And today, after the price started falling again, there’s a lot of misinformation about the coin.

Dogecoin has plunged more than 70% since “Dogcoin CEO” Elon Musk appeared on the Saturday Night Live in May. Should you still consider investing in Dogecoin?. Read more about elon musk dogecoin spacex and let us know what you think.

Dogecoin didn’t get the boost its proponents hoped for after CEO Elon Musk spoke about memecoin on national television in May. Since then, the rate has dropped by 70% and hopes of becoming a millionaire have been dashed.

History of Dogecoin

Correction update: -71% since Musk’s SNL peak, noted Compound Capital founder Charlie Bilello on Twitter. The tweet mentioned Musk’s appearance on Saturday Night Live (SNL), an American television sketch show that started in 1975 and features comedy skits performed by a large and diverse cast of repertory actors and new actors.

Dogecoin correction update: -71% since SNL Musk.$DOGE pic.twitter.com/P5CaFNYHWy

– Charlie Bilello (@charliebilello) June 21, 2021

On the show itself, Musk did not speak about the piece as he does on Twitter. Yes, it’s a scam, he said when asked about Dogecoin. Maye Musk, his mother, then came on stage to say she was happy with the Mother’s Day gift and hoped it wasn’t Dogecoin, to which Musk replied: That’s it.

Shortly after its release, DOGE fell more than 25% and the currency’s market value exceeded $30 billion after an inflated appearance turned into nothingness.

Last month, the value of the currency reached $0.74 and the market value $86 billion. Today, it sells for a paltry $0.20, with a much more modest market value of $26 billion (still billions more than the best projects like Uniswap, Chainlink and Solana).

Downlaw? (Image: DOGE/USD via TradingView).

DOGE has plunged 70% since ‘Dogecoin CEO’ Elon Musk appeared on SNL in May

Meanwhile, DOGE’s owners remain hopeful that their investments will one day grow.

HODL, screams much of the r/dogecoin community on Reddit, with believers urging other token holders to continue mining the token instead of selling them at a loss. A viable investment strategy, if you ask him.

Really, it was such an insightful meme. pic.twitter.com/iuneAUJCss

– Autism Capital (@AutismCapital) 22. June 2021

DOGE has plunged 70% since ‘Dogecoin CEO’ Elon Musk appeared on SNL in May

The post DOGE drops 70% since Dogecoin CEO Elon Musk first appeared on SNL in May appeared first on .Can you name a cryptocurrency that has plunged 70% in value since it “CEO” Elon Musk appeared on the mainstream media? The answer is “Dogecoin”. At first glance, the answer seems too good to be true. Can you name a cryptocurrency that plunged 70% in value since “CEO” Elon Musk appeared on the mainstream media? I thought so.. Read more about elon muskcryptocurrency dogecoin price and let us know what you think.

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