Dogecoin has crashed 75% against Bitcoin since Elon Musk’s SNL appearance By Cointelegraph


Dogecoin has crashed 75% against Bitcoin since Elon Musk’s SNL appearance

Dogecoin (DOGE) may be back in the top-ten cryptocurrency by market capitalization, but its loses in both USD and (BTC) terms since Elon Musk’s SNL appearance are considerable.

The trading pair has fallen 75% after peaking out at 1,287 satoshis on May 9, 2021, a day after Musk was a guest host on Saturday Night Live, including a sketch titled “The Dogefather.”

DOGE/BTC daily price chart. Source: TradingView

DOGE/BTC weekly price chart. Source: TradingView

A 40% decline against the dollar

weekly price chart. Source: TradingView