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Cryptocurrency dogecoin tumbles after Elon Musk calls it a ‘hustle’ on Saturday Night Live – ABC News
Dogecoin loses a third of its price after comments from Tesla CEO Elon Musk on the US comedy TV show Saturday Night Live.
The value of the cryptocurrency dogecoin dropped sharply after Tesla chief and cryptocurrency supporter Elon Musk called it a “hustle” during his guest-host spot on US comedy TV show Saturday Night Live.
Key points:
- Elon Musk’s tweets this year saw demand for the meme-inspired cryptocurrency dogecoin increase
- Dogecoin was created as a parody of the more mainstream cryptocurrencies bitcoin and ethereum
- Musk’s Space X announced it would launch a rocket mission to the moon funded by dogecoin
Dogecoin…
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