On Saturday, May 8, 2021, Musk will be the host.
Do you remember dogecoin?
The doge coin went up more than 20% Tuesday morning after Musk said he would accept it as payment for some of his products.
The CEO of the company said that they will make some merchandise buyable with Doge.
In an appearance on SNL, Musk mentioned his favorite digital coin, dogecoin.
Billy and Jackson Palmer started Dogecoin as a joke. The Japanese shiba inu dog is the inspiration for its branding.
The price of the criptocurrency went up in the middle of the year after a speculative frenzy was sparked by Musk's messages.
Dogecoin was worth just a fraction of a penny at the start of the year, but in May it was worth a record-high 74 cents. The token is down 70% from its all-time high, at just 20 cents a coin.
Dogecoin is a phenomenon that shouldn't be taken seriously by some investors.
Brad Garlinghouse, the CEO of Ripple, told CNBC last month that he was not sure dogecoin was good for the market.
Dogecoin found a rival in shiba inu, a so-called meme token that bills itself as a dogecoin killer. The 13th-biggest coin by market value is Shiba inu.
