The episode highlighted the volatile nature of the crypto market. Following the appearance, the value of Dogecoin, which had increased ten-fold in the leadup to the Musk skit on television, buoyed by users on internet platform Reddit, dropped by about 40% within hours.
(NASDAQ: TSLA) chief Elon Musk made an appearance on popular television entertainment show Saturday Night Live and joked about Dogecoin, a cryptocurrency that began as an elaborate joke back in 2013 but had since crossed over $50 billion in market capitalization. If you want to skip our detailed analysis of these cryptourrencies, go directly to the 5 Best Cryptocurrencies to Invest in According to Reddit. In this article, we discuss the 10 best cryptocurrencies to invest in according to Reddit.
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