One thing is for sure, no matter what happens after Musk appears on SNL, Dogecoin won’t stay where it ends. If the investor best-case scenario occurs and Dogecoin rises above $ 1, it will likely go back to where it started. If the price crashes, it will revive shortly afterwards.
One thing is certain: Dogecoin is on the radar of many crypto investors. When Dogecoin ends up dropping significantly, there will be a number of buyers looking to get a discount. In return, the price will rise again at some point. As we’ve seen, it only takes a tweet, meme, or other headline to get this highly volatile currency into a frenzy.