Posted in: Tattle, Technology

Dogecoin’s value tumbles after Elon Musk calls the virtual currency a ‘hustle’

Price falls by as much as a third after billionaire’s comments on US comedy sketch show Saturday Night Live

The price of dogecoin tumbled by as much as a third on Sunday, after billionaire Elon Musk, one of its biggest supporters, appeared to call the virtual currency a “hustle” while hosting Saturday Night Live.

Cryptocurrency watchers had high expectations of what Tesla chief executive and crypto-enthusiast Musk, who has called himself the “Dogefather”, would say while hosting the American comedy sketch show, and dogecoin had risen in anticipation.

Back to Top