Tesla CEO Elon Musk stole another finger of honey in the mouth of the Dogecoin community, so to speak.
The value of the parody cryptocurrency Dogecoin has skyrocketed once again after Tesla CEO Elon Musk confirmed that the much-talked-about sketch titled “Dogefather” will “definitely” be for the upcoming episode of Saturday Night Live.
The joke coin increased 10% following Musk’s tweet to $ 0.39 on the Binance exchange, but failed to regain its all-time high of $ 0.45.
However, Dogecoin currently overshadows the earnings of the top-performing crypto and Ethereum in the CoinMarketCap top 10.
As we previously reported, the Shiba Inu-themed token added billions of dollars to its market cap after Musk tweeted the phrase “Dogefather” last week, along with the date of his “SNL” appearance.
Staying in style, the billionaire never disclosed anything else about his cryptic tweet, but his crypto Twitter was full of speculation.
Musk will make his debut at “SNL” on May 8, when Dogecoin may finally become a part of pop culture.
Bots Push Dogecoin Higher
While Dogecoin tweets are fun and uproar for Musk, the market is definitely treating them seriously.
If you’re wondering how people have managed to buy money so quickly following Musk’s tweets, it’s actually just bots doing their job.
Master programmers, well aware of the entrepreneur’s tweeting habits, have developed a series of scripts that automatically buy the money after Musk mentions every DOGE.