Popular altcoin Dogecoin (DOGE) is approaching its all-time high after surpassing Tether. As usual, Elon Musk is pumping the altcoin project. Dogecoin is now returning to the top 5.
Dogecoin returns to top 5 before Elon Musk’s “SNL” release
While Ethereum is stealing all the spotlights with its all-time high this Monday, Dogecoin (DOGE) is trying to catch up. The meme cryptocurrency CoinMarketCap has returned to the top 5 and is currently trading at over $ 0.41 on the Bitstamp exchange. The joke money is only 8.5 percent away from beating the all-time high of $ 0.45 recorded on April 16th.
Although it sounds ridiculous, Elon Musk’s “Saturday Night Live” announcement seems to be the main wind for Dogecoin lately. Since Elon Musk posted a “Dogefather” post on Twitter last week, the cryptocurrency has seen several major spikes directly linked to Tesla’s CEO. In this post, Elon Musk nicknamed himself “The Dogefather”, referring to the Satırday Night Live program he will attend. In short, Elon Musk confirmed that Dogecoin will be part of SNL. However, it is not yet clear whether the altcoin project will explode on May 8.
What is the latest in the price of the popular altcoin Dogecoin (DOGE)?
The fifth largest cryptocurrency, Dogecoin, is trading at $ 0.415, with an increase of over 7 percent at the time of writing. The popular altcoin currently has a market capitalization of $ 53.8 billion. At the time of writing, Dogecoin manages a trading volume of $ 7.9 billion in the last 24 hours at market capitalization.