After explaining the dogecoin repeatedly to the anchors of the show, Musk was asked — so, it’s hustle? To this, he responded saying — yeah it’s a hustle.
Even as the value of dogecoin recorded a decline, cryptocurrency enthusiasts are still open to the idea of investing in digital currencies.
Created in 2009 by Satoshi Nakamoto, Bitcoin is the most valuable currency at the time and its price has surged 89 percent to over $54,000 in 2021.
Launched in 2015, Ether, Ethereum’s native token, is the second most valuable cryptocurrency at the time.
The digital currency Dogecoin was started inspired by a meme featuring a Shiba Inu dog in 2013.
According to a CNBC report, the meme-inspired cryptocurrency fell as much as 29.5 percent, dropping to 49 cents at one point during Elon Musk’s Saturday Night Live show debut.