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Dogecoin rallies ahead of Elon Musk’s SNL stint. Why is the cryptocurrency so popular?

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Dogecoin soared to an all-time high this week, and with it, stole the spotlight from other popular cryptocurrencies such as Bitcoin and Ethereum.The Dogecoin rally comes ahead of this weekend’s Saturday Night Live (SNL) show, which will be hosted by Elon Musk, the CEO of Tesla and founder of SpaceX.And some experts believe the appearance may send the cryptocurrency even higher.“I predict it could reach $1.00,” said Carol Alexander, a finance professor at the University of Sussex Business School. “There’ll be quite a few people on the Reddit coordinated group that will be happy to take their profits, albeit maybe only 30 per cent or 40 per cent, because it’s been stable around 60 cents for a while.” (All prices U.S.

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