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

Cointelegraph

Published Sep 18, 2022 06:48AM ET

Updated Sep 18, 2022 08:20AM ET

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

The DOGE/BTC 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
h3 A 40% decline against the dollar/h3
DOGE/USD weekly price chart. Source: TradingView

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