Dogecoin Expected to Spike When Elon Musk Hosts Saturday Night Live

• Analysts have predicted that Dogecoin could reach a new high in the next few days

• The prediction has been put down to self-proclaimed “Dogefather” Elon Musk hosting the Saturday Night Live

• It a predicted that Musk’s influence will help boost the coin as he has done through social media

Doge is one of the major alts that has experienced the fastest growth this year and it may be set to continue.

Crypto experts have predicted that Dogecoin could reach a new high when Elon Musk hosts the Saturday Night Live this weekend.

The SpaceX CEO has signed up to deliver the show’s monologue and he’ll also perform some skits.

Given Musk’s natural influence and the power of the platform, it is expected that Doge could rise if the Billionaire promotes it.

Musk will have the opportunity to push propaganda about the coin to the show’s 9.1 million viewers.

Musk has released several bullish tweets about the meme coin this year, which has been instrumental to his 11,770% increase this year.

An analyst at Investing.com, Jesse Cohen believes that Doge can reach $1 in the coming days, and $5 before the year runs out.

Read also: Bitcoin to Reach $1 Million- Coindesk Crypto Expert

Doge is currently trading at $0.629, with the 4th largest market cap in the crypto world ($80.4 billion).

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