With Elon Musk pointing to May 8, Dogecoin has seen a big uptick. DOGE rose as high as $0.73.
Dogecoin is about to surpass BNB, the third largest cryptocurrency by market value.
Dogecoin, currently trading at an all-time high of $0.73, has a market capitalization of $95.3 billion, just 1.6% less than BNB’s market value.
Speculators hope that, with Musk’s influence, the price of Dogecoin will reach $1 by at least Monday.
Gemini and eToro began listing Dogecoin earlier this week, and Robinhood’s cryptocurrency trading service Dogecoin went offline as it rose. Coinbase, the largest cryptocurrency exchange in the U.S., has not yet listed “meme coin”. Musk has never confirmed allegations that he invested in Dogecoin. Tesla, however, has Bitcoin in its treasury.
Elon Musk’s Saturday Night Live is trading at $0.702, according to CoinMarketCap data, in anticipation of a new ATH-setting Dogecoin story.
If the coin falls shortly after Musk’s sketch, investors may no longer find cryptocurrency so funny.