Tech billionaire Elon Musk’s appearance on the Saturday Night Live (SNL) program may disappoint investors. as Dogecoin (DOGE) did not reach the largely anticipated $1 price target.
Falling from the all-time high of $0.731578, Dogecoin is now trading at $0.552874, according to CoinGecko, down 15.5% over the previous 24 hours.
“Call me the Dogefather”, Elon Musk hosted SNL and brought up the meme crypto Dogecoin as expected, stating that Dogecoin was “as real” as a dollar bill. However, during a segment, host Michael Che said Dogecoin is “a hustle”, after Musk noted that Dogecoin began as a joke.
Shortly after the SNL show, Musk tweeted “SpaceX launching satellite Doge-1 to the moon next year”, along with the news announcement that Musk’s rocket company SpaceX is accepting Dogecoin as a payment for sending a satellite to the Moon.
Canada-based company Geometric Energy Corporation (GEC) announced the “DOGE-1 Mission to the Moon”, which will launch aboard a SpaceX Falcon 9 rocket in Q1 2022. This will be the first-ever commercial lunar payload in history paid entirely with meme crypto Dogecoin.
“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce,” SpaceX Vice President of Commercial Sales Tom Ochinero said in the release. “We’re excited to launch DOGE-1 to the Moon!”
As Dogecoin is on its path to regain momentum, crypto exchange Gemini is supporting Dogecoin in its savings program, Gemini Earn, which lets investors earn 2.25% a year on their holdings.
‘Dogecoin Killer’ Shiba Inu Sent $8B to Vitalik Buterin
There is no minimum requirement of Dogecoin holding. Investors can withdraw their crypto at any time. And Gemini doesn’t charge fees for depositing to or withdrawing crypto from Gemini Earn.
Gemini Earn, the exchange’s interest-bearing accounts program, launched in February. It is open to customers in the U.S. (in all 50 states) and Singapore.
As one of Dogecoin’s close competitors in the meme crypto space, Shiba Inu (SHIB) has gone skyward with a 734% growth over the past week. And now, Ethereum blockchain co-founder Vitalik Buterin has received 50% of the SHIB token supply, making him its biggest whale.
According to Shiba Inu’s whitepaper, 50% of the coin supply is sent over the past year to Buterin’s address to remove them from circulation.
Shiba Inu token, SHIB, self-described as “Dogecoin killer, currently trades for $0.0000143, according to CoinMarketCap, with $5.6 billion worth of the coin in circulation. That would make Shiba Inu the 33th largest cryptocurrency.
Although those tokens sent to Buterin are claimed to be “burned,” Buterin has full access to his SHIB holdings. It’s worth $8 billion as of this writing.
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