While Cuban admitted to DeGeneres that Dogecoin is still a speculative asset, he later tweeted that he believes the meme coin “can gain SOME value as the utility grows.” The billionaire investor said that it may not be the surest investment, but investing in DOGE is “better than a lottery ticket.” Last week, Dallas Mavericks owner and Shark Tank personality Mark Cuban appeared on the “Ellen” show and discussed Dogecoin with host Ellen Degeneres. Securities and Exchange Commission will be tuning in to the program that will star the market mover on May 8. It would be unlikely, however, that Musk would promote any of his actual businesses as no doubt the U.S. Surging by over 5,000% in 2021, the popular meme-cryptocurrency now has a market cap exceeding US$69 billion and also claimed the number 4 spot in cryptocurrency rankings, behind Bitcoin, Ethereum’s Ether, and Binance Coin.ĭogecoin’s price suffered a recent plunge to below US$0.20, three days after April 20, a day that was meant to be “ Doge Day” - when the meme coin’s faithful investors were supposed to, but did not, drive Dogecoin’s price to US$1.ĭogecoin traders are expecting that Musk’s appearance on SNL will have similar effects. Traders are definitely making some noise in the space as Dogecoin prices have rallied by more than 94% over the last seven days, setting a new all-time high at US$0.54 today. Dogecoin’s stellar performance and market demand mean the cryptocurrency is not “an asset to be taken lightly,” eToro added. “You barked and we heard you!” said eToro, in a company announcement that Dogecoin - “everyone’s favorite ‘meme coin'” - is now live on eToro’s trading platform. The eToro exchange has also listed Dogecoin to allow its 20 million users to get in on the “joke” cryptocurrency. The Dogecoin price hit an all-time high of US$0.54 today, as DOGE coin traders gear up for the “Dogefather” Elon Musk’s appearance on Saturday Night Live (SNL) this weekend.
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