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Home Technology Dogecoin 8 May Price Prediction 2021, Will Dogecoin reach $1?

Dogecoin 8 May Price Prediction 2021, Will Dogecoin reach $1?

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Elon musk is about to make his first appearance on everyone’s favorite SNL. SNL aka Saturday night live is something that is known for its diverse segments. Straight from its musical guests to different hosts each week. This week everyone is excited to see Elon Musk On Saturday Night Live. So, it is a well-known fact that the price of Dogecoin is bound to fluctuate. So, is Elon Musk’s appearance on the show will increase Dogecoin’s exchange value or decrease it. Read the article for real-time Dogecoin Price Prediction on 8th May.

Dogecoin Price Prediction based on Musk on SNL 

Saturday Night Live is something that has been our favorite for generations. I remember my grandpa eagerly waiting for the new episode.  And now I do the same. Each episode of SNL comes with many things that one can take away from the episode. And more than 5 million people watch the show. Elon Musk took the help of Twitter to announce the good news himself.

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On the other hand, Elon Musk is known to promote Dogecoin. The cryptocurrency is getting special attention from him and he always asks people to invest in it. So, Elon Musk On SNL will change the price of Dogecoin. And it is hard to do a real Dogecoin Price Prediction. But with the help of our crypto experts, we have made a report that will try to tell you what could happen.

Elon Musk on Saturday Night Live 

As you can see in the tweet he called himself the father of Dogecoin. So, we can say that he will make a few comments on Dogecoin in the show. He also announced that he needs some skit ideas from his Twitter family. If you invest in Dogecoin then Dogecoin Price Prediction is something that you should constantly keep checking.

As we can see after this tweet price of Dogecoin hiked up to 10%. So if we look at this trend the price of dogecoin should increase more than 30% after hosting SNL.

Previous Trend of Dogecoin

When we look at the previous price fluctuation of Dogecoin it is really unpredictable. Sometimes the prices go up more than 10% only after a tweet. Meanwhile, sometimes the price goes down without any reason. Here is a picture that will tell you how the fluctuation of Dogecoin is unpredictable. Dogecoin Price Prediction is heavily based on the previous fluctuation of the crypto.

8 May Dogecoin Price Prediction 2021, Will Dogecoin reach $1?

This picture just predicts 24 hours of data but if you go beyond that you will find out that this fluctuation is nothing new and it keeps happening almost every month due to some reason.

Read More: 8 May 2021 | Elon Musk Saturday Night Live | Doge to the Moon?

Dogecoin Price Prediction for May 8th 

When it comes to Promoting his stuff Elon Musk is always one step ahead of any other businessman. Most of the time he takes the help of Twitter and Reddit to do that. The same goes with Dogecoin and SNL. Last week He did a series of tweets. In the first few tweets, he announced he is Dogefather and is going to host SNL. It worked as a promotion strategy for both the show as well as for the crypto. And fans went gaga over it. So, we can say this without any doubt that when he will host the show, he will surely promote dogecoin. And after that, the exchange price of Dogecoin is bound to increase.

As of now, the exchange rate of Dogecoin is $0.462. All this happened in the span of 24 hours. Yesterday the price of Dogecoin was $0.3846. So, we can say that the price of Dogecoin will pretty much touch $1.

When we started working on this article the exchange rate was $0.438 But as of 4 May 2021 at 5.37 pm the price increase to $0.519. This is more than a 31% increase in the last 24 hours. So, if you have not already invested in it Please do.

Stay Tuned with The Global Coverage for more updates. 

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