After the tweet and information of Elon Musk being on Saturday Night Live on 8 May. There is a lot of speculation about the Dogecoin Prediction on 8 May 2021. The presence of Elon Musk has always benefitted Dogecoin. It will be amazing to see what will happen this week when Musk arrives on Saturday Night Live set.
The Love between Elon Musk, the owner of SpaceX CEO, and Dogecoin is very much evident. The strong relationship persistent between both makes an obvious difference in the market value of Dogecoin. Elon Musk has always come up supporting Dogecoin by all means possible. Let’s know everything about Elon Musk going on SNL and its impact on Dogecoin.
But before knowing about Dogecoin’s prediction on 8 May 2021 and Dogecoin to the moon, let’s get to know Dogecoin in deep.
Dogecoin: A brief history
- It was created by two engineers, Billy Marcus and Jackson Palmer. They gave it the form of a cryptocurrency and now it’s one of the leading ones.
- It’s also a type of cryptocurrency which is actually based on Blockchain technology.
- Started in 2010 it had almost negligible existence. But in 2013 it got back in form of “Dogecoin”.It was a kind of Mene coin at that time.
- But that bought a huge amount of popularity for the coin. Then with the constant support of some big bulls and constant growth, it’s now amongst the top cryptocurrencies.
Some milestones of Dogecoin:
Dogecoin has a complete journey of ups and downs, but nothing was able to take Dogecoin out of the market. Now being in the crypto market for almost a decade, it has made some remarkable milestones to its name. There are few like –
- Dogecoin has already Registered a record-breaking growth of 1600% just at the start of January 2021. So it’s quite possible that it will have a big run in the crypto market.
- It holds the value of 14 billion dollars which is already much higher than many big MNCs and brands.
- Dogecoin is now amongst the Top best Cryptocurrency in the world.
Dogecoin Prediction on 8 May 2021
Elon Musk announced that he will be hosting Saturday Night Live!!, the famous weekend show on May 8, 2021. He tweeted “The Dogefather SNL May 8”.This clearly indicates the impact on Dogecoin. Now after this, everyone wants to know about Dogecoin Prediction on 8 May 2021. Elon Musk always haves a great impact on the hike of Dogecoin Price. It will be great to see him on the show. And the major focus will be to see what Elon Musk has to say regarding his interest in Dogecoin!!!
The history between Elon & Dogecoin
The chemistry between Elon and Dogecoin is quite long. Elon Musk is one of the brightest minds of this generation. He is always ahead of everyone’s thinking and limit. He has always seen infinite potential in Dogecoin and this has been supporting it every time. Look at some past tweets of him and their impact on Price:
- Elon Musk tweeted a post on Dogecoin saying “going to the moon ” and “on the actual moon”.This Single tweet gave Dogecoin an immense hike of 25%.
- Well with being the support of Musk and constant growth, Dogecoin to the moon may become the new reality.
- Some earlier tweets of Elon Musk like:
- “One Word: Doge” – This led to a 25% surge in rate.
- “No high, No lows, Only Doge” -This made the cryptocurrency go high off 17%.
- “Dogecoin is the people’s crypto ” – Gave it a 42% growth increase.
- It is completely evident that Elon Musk really wants to see Dogecoin on the moon.
Saturday Night Live Impact :
After the news of Elon Musk being on Saturday Night Live and then the tweet mention of “Dogefather “.There have been bubbles all around the market. All this has again led to the positive incline of Dogecoin. See the impacts here:
Am hosting SNL on May 8
— Elon Musk (@elonmusk) April 25, 2021
Let’s find out just how live Saturday Night Live really is 😈
— Elon Musk (@elonmusk) April 25, 2021
SNL May 8
— Elon Musk (@elonmusk) April 28, 2021
Throwing out some skit ideas for SNL. What should I do?
— Elon Musk (@elonmusk) May 1, 2021
- Right now the Dogecoin Cryptocurrency is trading at the rate of ₹34.9891 /Dogecoin.
- This is because of the rapid increase after Elon Musk’s tweet. The growth rate makes up 17.64%.
- Talking of Dogecoin Prediction on 8 May 2021, the Price of Dogecoin is expected to increase up to 0.75 to 1 USD. That will make up to around ₹55 to 75 in the Indian currency.
- However, the Price will again be back to its normal Price after a week.
- It will again get low to almost ₹12-15/ Dogecoin.
This was all about the impact of Elon musk on Dogecoin. But let’s also have a look at it and its future Price prediction:
- It is expected that by 2030-2035 it may reach high values such as $5 -10.
- Also with such a constant surge in the market, it may touchmark of $1 by the end of 2021.
- This is just the beginning of Dogecoin as of now. There’s a lot to see for it in the future.
This was all about Dogecoin prediction on May 8 2021 and Dogecoin to the moon.
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