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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?

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ETH/USD

3,268.87 Price
-2.210% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 6.00

SOL/USD

213.93 Price
-3.170% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 2.2652

DOGE/USD

0.39 Price
+13.840% 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

88,567.50 Price
+0.330% 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

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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
88567.50 USD
292.15 +0.330%
ADA/USD
Cardano / USD
0.57425 USD
-0.04068 -6.670%
ADA/USD
Cardano / USD
0.57425 USD
-0.04068 -6.670%
ETH/USD
Ethereum / USD
3268.87 USD
-73.67 -2.210%
LTC/USD
Litecoin / USD
77.98 USD
-1.19 -1.510%

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