Dogecoin in spotlight as cryptocurrency backer Musk makes ‘SNL’ appearance – Reuters

Dogecoin in spotlight as cryptocurrency backer Musk makes ‘SNL’ appearance – Reuters

NEW YORK (Reuters) - With the price of dogecoin surging, investors are looking ahead to Elon Musk’s guest-host spot on this weekend’s “Saturday Night Live” comedy sketch TV show after the billionaire’s tweets this year turned the once-obscure digital currency into a speculator’s dream.

FILE PHOTO: Cryptocurrency representations are seen in front of the Dogecoin logo in this illustration picture taken April 20, 2021. REUTERS/Dado Ruvic/Illustration

The Tesla Inc chief executive will host the show at 11:30 p.m. EDT on Saturday (0330 GMT on Sunday). The timing puts Musk, who is also known as an enthusiast of cryptocurrencies, back in the spotlight just as Tesla’s stock is losing steam following last year’s monster rally.