Elon Musk hosts SNL and Dogecoin drops 20%: Here’s how to buy the dip in DOGE

By: Jayson Derrick
Jayson Derrick
Jayson lives in Montreal with his wife and daughter, loves watching hockey, and is on a lifelong quest to perfect the… read more.
on May 9, 2021
Updated: May 10, 2021
  • The price of Dogecoin was trading sharply lower after Elon Musk's opening SNL monologue.
  • Musk's one and only Dogecoin mention was in reference to a Mother's Day gift.
  • If you want to learn how to buy Dogecoin on the dip read this guide.

One of the more iconic moments in cryptocurrency has finally arrived. Elon Musk, the self-dubbed “Dogefather”, took the opportunity as guest host on Saturday Night Live to say he is the first guest host with Asperger Syndrome.

Musk poked fun at himself during his opening monologue and brought his mother on stage. Musk said he will gift her his favorite cryptocurrency Dogecoin for Mother’s Day this Sunday.

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Dogecoin price traded lower by more than 20% after the opening monologue and this may present an opportunity for new investors to buy Dogecoin on the dip.

If you are one of the many people tuning into SNL to watch Musk and are now curious about this cryptocurrency, you might have one dominant question on your mind: how can I buy Dogecoin?

This informative guide will answer how to buy Dogecoin after Musk’s SNL appearance.

How & where to buy Dogecoin today

So you just heard Musk talk about Dogecoin on SNL and are asking yourself how to buy Dogecoin right now? Don’t worry, you aren’t alone as the Elon Musk-backed cryptocurrency is still a very new concept. In fact, even expert investors and traders aren’t sure how to buy Dogecoin as the cryptocurrency was mostly unknown until late 2020.

The first step towards buying Dogecoin is through a cryptocurrency broker — no different than buying shares through a stock broker. In fact, the concept is nearly identical: identify the cryptocurrency you are interested in by the symbol before hitting the buy button. In this case the ticker symbol for Dogecoin is DOGE.

There are many cryptocurrency brokers that allow buying Dogecoin but our team of financial experts recommend two distinct brokers based on a plethora of factors, most notably overall convenience, ease of use and cost.

1. eToro

Perhaps the most popular cryptocurrency broker for buying DOGE is eToro. The broker is best known for combining a social element to investments with its extremely low fees. 

The cryptocurrency broker boasts one of the best reputations in the business and was among the most valuable private companies in the world before it decided to list on a major US stock exchange. Click the link below to get started with eToro and buy Dogecoin now:

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2. Capital.com

Capital.com is an excellent broker for anyone looking to buy Dogecoin now. They operate a slightly different trading model as it operates as a Contract For Differences (CFD) broker. CFD brokers allow an investor to gain exposure to the price movement of an asset, rather than holding the underlying asset outright.

Capital.com is fully licenced in areas it operates in and has a stellar reputation for customer satisfaction and safety. Click the link below to get started and buy Dogecoin now.

Register here >

What did Elon Musk just say about Dogecoin?

Musk poked fun of himself during his opening monologue and said he is hosting a live TV show so he might joke that he drives a Toyota Prius. To the disappointment of some, Dogecoin took the backseat to Musk talking about colonizing Mars and building the future of transportation.

Will Musk mention Dogecoin in greater detail throughout the night? We have to wait and see.

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