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12 May 2021

Elon Musk, DOGE market maker? Meme currency pumps as SNL skit looms

Elon Musk, DOGE market maker? Meme currency pumps as SNL skit looms


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As a weeklong pump carries the meme cryptocurrency up 12% on the daily to $.33 and a staggering 43.8% higher on a 7-day basis, some are now speculating the rally could be fueled perhaps in part by a social media tease from billionaire Elon Musk that he’ll be participating in a Saturday Night Live sketch titled “The Dogefather.” .

In January, the Blockchain Research Lab published a paper, “How Elon Musk’s Twitter activity moves cryptocurrency market,” that found six instances of Musk’s social media activity propelling DOGE higher

DOGE is notably susceptible to buzz, with social media volume — especially positive sentiment social media volume during American daytime hours — consistently driving the currency higher

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Why Fiat Experts Don’t Get Bitcoin
published: 54 minutes ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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cointelegraph.com
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