Elon Musk to appear on SNL, DOGE price continues to surge

By: Ali Raza
Ali Raza
Ali plays a key role in the cryptocurrency news team. He loves travelling during his spare time and enjoys playing cricket,… read more.
on May 8, 2021
  • Elon Musk, the CEO of Tesla and a big supporter of crypto is to make an appearance on SNL tonight.
  • Musk has inspired countless crypto bets, many of which are trying to predict which coins he might talk about.
  • It is also possible that Musk won’t talk about crypto at all, but the expectation keeps pushing DOGE price.

Dogecoin (DOGE), the crypto industry’s meme-inspired cryptocurrency, continued to climb as the weekend approached, which is likely no accident. This weekend will likely be huge, not only for DOGE but for many other cryptocurrencies, as the crypto world awaits Saturday Night Live, later today, as Elon Musk is going to make an appearance and make a speech.

Now, Elon Musk is known for many things. He is the CEO of Tesla and SpaceX, he is the creator of PayPal, he got to be the world’s richest person for a brief period earlier this year, and much more. However, as of late, Musk has been heavily involved with the cryptocurrency industry, which is why the entire crypto world is expecting him to talk about crypto and use this opportunity to boost exposure.

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The very expectation of this happening seems to be enough to boost the crypto prices, and the appearance itself, depending on how it goes, might push digital coins even higher.

Crypto betting spikes up again

The pending appearance has even turned into a massive trend, and, just like every big event, it has triggered countless crypto bets throughout the industry. While some may wonder what is there to bet upon, the fact is that there is quite a wide selection — people started betting whether or not Musk will talk about cryptos at all, and if so, which coins will be mentioned, and which ones might not be.

The odds are currently in DOGE’s favor, although many seem to think that he will not be talking about cryptos, at all. Here is what the bets look like right now:

1. Bitcoin: -200

2. Dogecoin: +600

3. FIELD: +450

4. Does Not Mention crypto: +400

Many have also speculated that Musk might mention friends, family, and rivals, with the odds looking like this:

1. Jeff Bezos: -120

2. Mark Zuckerberg: +150

3. Mark Cuban: +350

4. Bill Gates: +350

5. Joe Rogan: +500

6. Tim Cook: +700

7. Jay Leno: +1500

8. Ryan Cohen (GME): +2400

9. Vlad Tenev (CEO of Robinhood): +3200

Finally, there were also bets about whether Tesla stock will go up next Monday, following the appearance:

1. Up 1% or more: -250

2. Down 1% or more: +550

3. Neither: +650

So, whatever happens, and regardless of what Musk ends up talking about, this will be a very exciting moment for the crypto industry, as well as anyone who made any sort of bet about his appearance on SNL.

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