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SVTPerformance's Chain of Restaurants
Road Side Pub
Dogecoin anyone lol?!
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<blockquote data-quote="Weather Man" data-source="post: 16618092" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3693620-dogecoin-tumbles-nearly-50-after-musk-calls-it-a-hustle-on-snl" target="_blank">Dogecoin tumbles nearly 50% after Musk calls it a 'hustle' on SNL</a></p><ul> <li data-xf-list-type="ul">Dogecoin (<a href="https://seekingalpha.com/symbol/DOGE-USD" target="_blank">DOGE-USD</a>) shed as much as 46% overnight after <a href="https://seekingalpha.com/news/3693611-dogecoin-trades-with-92b-market-cap-in-front-of-elon-musks-snl-appearance" target="_blank">trading as high as $0.74</a> before Elon Musk's appearance on <em>Saturday Night Live</em>. The crypto is now changing hands at $0.48, but fell to as low as $0.40 just two hours ago. Musk has a history of comments that can influence stocks, markets and crypto, and many were expected similar outsized moves after his role on the late night comedy sketch.</li> <li data-xf-list-type="ul"><em>The skit:</em> Musk was featured in satirical news segment <em>Weekend Update</em>, playing a character called "Lloyd Ostertag, financial expert," who dubbed himself "The Dogefather." At the beginning of the episode, Musk touted the benefits of cryptocurrencies and Dogecoin, saying the latter had started as an "internet meme... but has now taken off in a very real way." However, after cast members Michael Che and Colin Jost repeatedly asked him to explain, "What is Dogecoin?" Musk ended the episode by saying, "Yeah, it's a hustle."</li> <li data-xf-list-type="ul">Before the big appearance, Barry Silbert, a big player in the crypto sector, turned against the cryptocurrency. "Okay $DOGE peeps, it's been fun. Welcome to crypto!," he <a href="https://twitter.com/BarrySilbert/status/1391070116574547972" target="_blank">wrote</a> over Twitter. "But the time has come for you to convert your DOGE to BTC [disclosure: we've gone short DOGE via <a href="https://ftx.com/trade/DOGEBEAR2021/USD" target="_blank">FTX</a>." Silbert founded Grayscale Investments, which runs the popular Grayscale Bitcoin Trust (<a href="https://seekingalpha.com/symbol/GBTC" target="_blank">OTC:GBTC</a>), as well as the Digital Currency Group, which owns CoinDesk.</li> <li data-xf-list-type="ul"><strong>Outlook:</strong> Even at $0.48, the market value of Dogecoin is more than $66B, greater than the valuations of many blue-chip companies. The crypto is still up $9500% in 2021, padding the accounts of some of its "early" investors, though many in the crypto community are debating the path forward. Will Dogecoin eventually make it to $1, or will traders bail on its rising popularity? Comment below.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16618092, member: 137766"] [URL='https://seekingalpha.com/news/3693620-dogecoin-tumbles-nearly-50-after-musk-calls-it-a-hustle-on-snl']Dogecoin tumbles nearly 50% after Musk calls it a 'hustle' on SNL[/URL] [LIST] [*]Dogecoin ([URL='https://seekingalpha.com/symbol/DOGE-USD']DOGE-USD[/URL]) shed as much as 46% overnight after [URL='https://seekingalpha.com/news/3693611-dogecoin-trades-with-92b-market-cap-in-front-of-elon-musks-snl-appearance']trading as high as $0.74[/URL] before Elon Musk's appearance on [i]Saturday Night Live[/i]. The crypto is now changing hands at $0.48, but fell to as low as $0.40 just two hours ago. Musk has a history of comments that can influence stocks, markets and crypto, and many were expected similar outsized moves after his role on the late night comedy sketch. [*][i]The skit:[/i] Musk was featured in satirical news segment [i]Weekend Update[/i], playing a character called "Lloyd Ostertag, financial expert," who dubbed himself "The Dogefather." At the beginning of the episode, Musk touted the benefits of cryptocurrencies and Dogecoin, saying the latter had started as an "internet meme... but has now taken off in a very real way." However, after cast members Michael Che and Colin Jost repeatedly asked him to explain, "What is Dogecoin?" Musk ended the episode by saying, "Yeah, it's a hustle." [*]Before the big appearance, Barry Silbert, a big player in the crypto sector, turned against the cryptocurrency. "Okay $DOGE peeps, it's been fun. Welcome to crypto!," he [URL='https://twitter.com/BarrySilbert/status/1391070116574547972']wrote[/URL] over Twitter. "But the time has come for you to convert your DOGE to BTC [disclosure: we've gone short DOGE via [URL="https://ftx.com/trade/DOGEBEAR2021/USD"]FTX[/URL]." Silbert founded Grayscale Investments, which runs the popular Grayscale Bitcoin Trust ([URL='https://seekingalpha.com/symbol/GBTC']OTC:GBTC[/URL]), as well as the Digital Currency Group, which owns CoinDesk. [*][b]Outlook:[/b] Even at $0.48, the market value of Dogecoin is more than $66B, greater than the valuations of many blue-chip companies. The crypto is still up $9500% in 2021, padding the accounts of some of its "early" investors, though many in the crypto community are debating the path forward. Will Dogecoin eventually make it to $1, or will traders bail on its rising popularity? Comment below. [/LIST] [/QUOTE]
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