Elon Musk’s hosting of SNL pushes DOGE to $0.72 ATH, according to Dave Portnoy, who owns no Dogecoins.

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According to CoinMarketCap data, Dogecoin, the fourth largest cryptocurrency, soared to a fresh all-time high of $0.7376 two hours ago.

Elon Musk’s much-anticipated appearance on Saturday Night Live, according to Barstool Sports president David Portnoy, is the reason for this development.

 

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DOGE market cap is now equal to Bitcoin’s two years ago

Dogecoin, which is now ranked fourth on CoinMarketCap, soared from $0.40 on May 3 to record highs of $0.58 and then $0,69.

Two hours earlier, the meme-money reached a record of $0.73 for the first time in the eight-year history of this digital currency, which was released in 2013 solely for the purpose of parodying Bitcoin.

Aside from that, Dogecoin’s market capitalisation has grown to $93 billion, an increase of more than $10 billion in just 24 hours.

Bitcoin’s market cap was roughly the same two years ago – on April 20.

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DOGE hits $0.72 because of Elon Musk, Dave Portnoy says

Barstool Sports president, trader and an Internet celebrity Dave Portnoy, owner of Bitcoin and LINK in the past, has commented on the Dogecoin’s spike.

As previously noted by U.Today, Mike Novogratz, CEO of Galaxy Digital, claims that DOGE, like Gamestop shares, is a middle finger to the machine for millennials and people in the Z-generation.

However, Novo cautioned the group against investing in DOGE because, unlike Bitcoin, it has no development upgrades and no competition from financial institutions.

Dave Portnoy, who has recently boasted buying one Bitcoin, has admitted that he owns zero Dogecoins.

Mike Novogratz explains the growth of DOGE

As previously noted by U.Today, Mike Novogratz, CEO of Galaxy Digital, claims that DOGE, like Gamestop shares, is a middle finger to the machine for millennials and people in the Z-generation.

However, Novo cautioned the group against investing in DOGE because, unlike Bitcoin, it has no development upgrades and no competition from financial institutions.

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