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Breaking News: Dogecoin is experiencing a bloodbath due to just one comment from its founder, Elon Musk.

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Breaking News: Dogecoin is experiencing a bloodbath due to just one comment from its founder, Elon Musk.

The "Dogecoin" (Doge) madness has not subsided yet. On the morning of the 28th, it was still in a 15% decline from 7 days ago. However, it has quickly regained its momentum and outperformed the top ten cryptocurrencies, with an increase of over 18%. Apart from Ethereum maintaining its growth, other major cryptocurrencies have all shown a decline in the past 24 hours.

Saturday Night Live: Dogefather to Host

Elon Musk first teased his upcoming hosting gig on Saturday Night Live (SNL) on May 8th, a long-running and widely recognized American television show. The musical guest will be Miley Cyrus.

Saturday Night Live also tweeted about the news:

There has been mixed reactions online regarding this announcement. Many comments express skepticism due to Musk's history of controversial statements, leading to uncertainty and lack of support for his hosting. The outcome remains to be seen:

On the 28th, Musk tweeted again, stating: "Dogefather SNL May 8th."

Following this announcement, Dogecoin experienced a significant surge, coinciding with the timing of Musk's post:

It seems that predicting Dogecoin's movements now relies heavily on Musk's Twitter feed. For no reason other than Dogecoin.