Altcoins News
By Sydney TheCMO
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Last week was the most hyped-up period for Dogecoin in its entire history, with various milestone events supporting its rally, such as the listing on Gemini and eToro.
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Musk had been part of the Dogecoin hype through his upbeat tweets about the digital coin to recap.
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Things started going sideways for Dogecoin as soon as Elon's mother, who was also on the show, said she hoped that her Mother's Day gift was not Dogecoin.
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What does Dogecoin’s fall mean for the community?
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The Shiba Inu-inspired cryptocurrency traded at around $0.7 at its peak before the show due to the culmination of the hype.
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The failure of Musk’s SNL appearance to build more hype meant there was no more excitement around the coin to continue encouraging more buying.
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A crypto analyst called Loma seems to have correctly predicted that SNL would be underwhelming for Doge through a tweet before the event took place.
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