CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Dogecoin falls back from its moon mission over the weekend

By Adrian Holliday

06:45, 10 May 2021

A cartoon dog stands on a rocket heading to the moon

While some cryptocurrency analysts had expected Elon Musk’s Saturday Night Live (SNL) appearance to fire Dogecoin higher, the digital currency plunged almost 25% within minutes’ of Musk’s SNL appearance.

As of early Monday, the value of Dogecoin is barely unchanged since 4pm Friday afternoon at around $0.52, despite soaring to 0.72% on Saturday afternoon (again), UK time, equivalent to a market cap in excess of $90bn.

Mother’s Day gift ‘underwhelming’

Musk was also asked by the SNL anchors to say exactly what super-volatile currency Dogecoin was. Musk delivered a variety of answers, including “It’s a hustle…to the moon”.

SNL also saw Musk introduce his mother Maye to YouTube viewers (it was screened live on the channel), who expressed interest in her Mother’s Day gift (for Sunday 9 May in the US). “I am excited for my Mother’s Day gift. I just hope that it’s not Dogecoin,” she told Musk.

What is your sentiment on DOGE/USD?

0.3872823
Bullish
or
Bearish
Vote to see Traders sentiment!

ETH/USD

3,345.08 Price
+8.870% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 6.00

ADA/USD

0.79 Price
-2.210% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 0.00646

DOGE/USD

0.39 Price
+2.830% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 0.0012872

BTC/USD

97,824.20 Price
+4.010% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

Ethereum and Cardano lift higher

Musk, in a tweet, says SpaceX will now take dogecoin as payment, adding it will launch “DOGE-1 Mission to the Moon” in early 2022.

Earlier this morning Bitcoin was trading at $59,081, up almost 2% in the past 24 hours while Ethereum was trading 5% higher  at $4,121. There was also a 5% gain for Cardano to $1.81. Both Ethereum and Cardano are up almost 35% in the past seven days.

The biggest lifts in the past 24 hours are taken by Telcoin and Litecoin, up 19.92% and 16.38% respectively.

Trade DogeCoin to US Dollar – DOGE/USD CFD

1m
5m
15m
30m
1H
4H
1D
1W

Read more: Dogecoin price prediction: all the way up to Read more: Dogecoin price prediction: all the way up to $1 in 2021? in 2021?

Markets in this article

BTC/USD
Bitcoin / USD
97824.20 USD
3789.5 +4.010%
ADA/USD
Cardano / USD
0.79310 USD
-0.01786 -2.210%
ADA/USD
Cardano / USD
0.79310 USD
-0.01786 -2.210%
ETH/USD
Ethereum / USD
3345.08 USD
273.38 +8.870%
LTC/USD
Litecoin / USD
89.07 USD
4.29 +5.080%

Rate this article

Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 660,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading