Dogecoin hit an all-time high

Dogecoin hit an all-time high of $ 0.74 right before Elon Musk's SNL appearance. At the renewed high, Dogecoin's market cap reached $ 95.3 billion. His supporters believed that he would talk about the coin during the parody and push the price up to $ 1.

The crowd's expectations were not met. The token went up in price before the SNL show and fell in price during the show. Buy expectations, sell facts.

Doge / USDt fell to $ 0.49 (-36%). Capitalization fell to $ 64 billion from $ 95 billion. The dog amused the crowd. Scraps of wool (losses) fly from Dogecoin-buyers during the fall.

The coin was also negatively impacted by the news that the founder of Digital Currency Group Barry Silbert announced a short position on Dogecoin and promised to donate the proceeds to financial education. Dogi had a negative impact on the entire market, although the decline for other alts is much smaller.

Elon Musk said that he suffers from Asperger's syndrome. Investors thought little about how to relate to such a statement. It is possible that given the nature of the broadcast, Musk's statement could have been made as a joke.

Asperger's Syndrome is a general pervasive mental development disorder characterized by severe difficulties in social interaction, as well as a limited, stereotyped, repetitive repertoire of interests and activities.

On May 7, Elon Musk wrote on Twitter that he was looking after a Shiba Inu puppy. Since the publication of Musk, the price of an altcoin called Shiba Inu has risen by 68% per hour, according to CoinGecko.

In the two days before the SNL show, Shiba Inu went up 1223% to 0.000018. Normal volatility.

Posted Using LeoFinance ^Beta