Right now Dogecoin is setting for a major pump. There is a lot of expectancy in the Doge market for a big pump.  People are holding on as they are anticipating a big pump.

All the expectation is centered round the May 8, 2021 SNL hosting by Elon Musk.  We are not yet clear about whether ELON Musk is going to talk about it or even mention it. And, whether DOGE coin will spike up next Saturday because of this event.  Is this event going to bigger than the 4/20 event.

For clarity, April 20, 2021 was the International Weed Day and the community got together to make it the Doge Day in the crypto currency space. The DogeCoin Fan base decided to send it to the moon on 4/20.  This day was also known as the Elon Musk Day. While all these attempts were promoted, users were trying to take it with a grain of salt.

Several Dogecoiners were predicting the coin to hit 69 cents on 4/20 – and those who do not know the whole currency is a giant meme. Regardless, all the Dogecoiners hoped that the coin will see a major pump on 4/20. There was also an expectation that Elon Musk will make some sort of DOGE-related announcement which in turn lead to a spike in its value.

So, with the May 8, 2021 SNL hosting by Elon Musk, there is an expectation among the Dogecoiners if he will make a similar announcement.

Community members have been predicting lot of things ranging from Tesla accepting DOGE as a payment. ELON MUSK has a cult following and these folks have a method of trying to send the DOGE to the moon.

Many of them are making the current scenario look like the days before 4/20. Despite the economic crisis many feel it is a good time to invest in Bitcoin, ETH or at least the DOGE.  The price of the Doge is trending at 0.35 and many are hoping it will trend in the 69 cents range soon!

Making a lot of money with cryptocurrencies will take lot of technical analysis. In whichever token investors choose to make their buy in, they need to be savvy to understand the direction of the price flow to base their decisions. Whether a meme going, a green coin, or any other coin with a major project backing, if the purpose is to make profits, users should know what to look for.