A crypto analyst with the Twitter handle Lowstrife, has said that Dogecoin may crash on the 8th of May as Elon Musk makes his appearance as “The Dogefather” on Saturday Night Live.
The analyst’s forecast is coming amid an ongoing DOGE spike. DOGE has climbed more than 12% in the last 24 hours and currently trades at $0.62. Earlier today, the crypto asset reached a new record high of $0.6953. DOGE’s 24-hour trading volume has jumped nearly 7% and now stands at a market cap of over $80 billion.
Now, the analyst is comparing DOGE’s predicted loss to the XRP crash in 2017. He explained in a tweet:
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