Dogecoin price breaches 50 cents ahead of Elon Musk’s ‘Saturday Night Live’ guest-host gig

SourceCNBC
SectorTechnology
CountryMiddle east

Dogecoin prices are making a fresh run, pushing the popular crypto to an all-time high above 50 cents, as enthusiasm for the hottest digital asset on the planet refuses to abate.

At last check, dogecoin prices
DOGEUSD, +23.17%
were at 54 cents, up 37%, driving the virtual currency to a market value at around $70 billion, according to CoinDesk and CoinMarketCap.com.

Dogecoin has soared a mind-numbing 10,694% in the first five months of the year alone.

Put another way, $1,000 Invested in dogecoin at the start of the year would be worth nearly $100,000, based on MarketWatch’s calculation of a starting price of 0.005405 cent for dogecoin at the start of 2021 and its current trading price.

Doge’s rally got started on the back of a series of bullish, if sometimes cryptic, tweets from Tesla Inc. TSLA, -1.31% and SpaceX Chief Executive Elon Musk.

Musk will host “Saturday Night Live” this weekend, which has already drawn...read more...