Get Our Top Trade Ideas Delivered Daily - 65% Off Now

We offer a wide range of services to help you stay informed. Our focus includes news, earnings reports, guidance, dividends, mergers and acquisitions, buybacks, legal updates, interviews, management offerings, IPOs, insider trades, biotech developments, politics, government affairs, healthcare, and market insights.

We also cover pre-market and after-hours trading, movers, ETFs, forex, cannabis, commodities, binary options, bonds, futures, global economics, mining, small-cap stocks, real estate, cryptocurrency, penny stocks, digital securities, volatility, options ratings, analyst comments, downgrades, upgrades, price target ideas, and technical analysis.

From the press, you can find insights from Jim Cramer, rumors, the Whisper Index, stock of the day, best stocks and ETFs, top penny stocks, leading S&P 500 ETFs, swing trade stocks, blue-chip stocks, high-volume penny stocks, small-cap ETFs, day trading stocks, REITs, money investing, cryptocurrency, mortgages, insurance, yield, personal finance, startup investing, real estate investing, prop trading, credit cards, stock brokers, cannabis, cannabis conferences, and more.

Dogecoin Surges Over 6% as Elon Musk Reflects on His Iconic 'Dogefather' Skit

Recently, Dogecoin jumped more than 6% after Tesla CEO Elon Musk reminisced about his famous "Dogefather" appearance on Saturday Night Live from three years ago.

In the latest trading session, DOGE increased significantly, reaching levels not seen in nearly two weeks. The trading volume soared by 52%, hitting $659 million. This made it the most actively traded meme-inspired cryptocurrency in the last 24 hours.

The rise coincided with Musk’s engaging discussions on the All-In Podcast. He shared how he went off-script during the skit, saying, "There are a bunch of things I said that were just not there in the script. I went off the rails."

Musk also expressed a desire to recreate a scene from the Academy Award-winning film “The Godfather,” complete with its famous music theme. In the skit, he played cryptocurrency expert Lloyd Ostertag, explaining what Dogecoin is. Interestingly, the meme coin hit an all-time high of $0.7375 just before the episode aired on May 8, 2021.

The rally was further fueled by a humorous post from Musk earlier that day. He claimed that DOGE would be the official mascot of the “Department of Government Efficiency,” referencing his rumored involvement in a Donald Trump administration.

Cryptocurrency Gains

  • Popcat (POPCAT) +16.11% at $0.6148
  • Dogwifhat (WIF/USD) +8.30% at $1.66
  • Dogecoin (DOGE/USD) +6.39% at $0.1029

Meanwhile, the cat-themed memecoin Popcat showed impressive growth, jumping 16% in the last 24 hours. It became the top gainer in the market for the day. The Solana (SOL/USD)-based token outperformed others. Dogwifhat, inspired by dogs, was the second-best performing memecoin, with gains exceeding 8%.

This surge in memecoins came as the broader cryptocurrency market began to recover. Bitcoin (BTC/USD) and Ethereum (ETH/USD) also posted significant gains throughout the day.

Market news and data are brought to you by Benzinga APIs. You can find comments in areas like cryptocurrency news, market trends, movers, and trading ideas.

Trade confidently with insights and alerts from analyst ratings, free reports, and breaking news that impacts the stocks you care about.