Now that the media is off the dog's Tail; let see what really happened last night on Saturday Night Live (SNL)
My Uncle Ping, says "Point to the right and go to the left. "
FORBES reports that many were disappointed Saturday night when Dogecoin (DOGE) did not reach the largely anticipated $1 price target meme during Elon Musk's appearance hosting Saturday Night Live (SNL).
For facts sake, Elon stated "IT IS," when his mother asked:
" I hope it's not DOGECOIN?" referring to her Mother's day gift; like a lot of people from her age group; she has no incentive to embrace Dogecoin or any cryptocurrency.
Now if a generation Z kid had said:" I don't want Doge," That would be a completely different story.
This apparently went over people's heads. Thus the 40% dip DUMP of DOGECOIN value that ensued.
Taking from Elon Musk's apparent playbook on Mother's Day, Geometric Energy Corporation(GEC) announced the "Doge-1 Mission To the Moon." In Q1 2022 a SpaceX Falcon rocket will carry Dogecoin to the literal moon via a commemorative “40kg cubesat” payload—paid for in DOGE itself.
Musk even hinted at the effort April 1st of this year, which was received as a joke by many.
Why Are some people so surprised that when referring to DOGE; a crypto coin that was intended to be a joke; Elon one of the savviest business man in the world, use the April Fools day to send a subliminal?
"I reinvented electric cars and I'm sending people to Mars on a rocket ship. Did you think I was also going to be a chill, normal dude?" Elon Musk said on 'SNL.'
There are strict laws in the USA about manipulating the markets. While the Crypto Asset is not "regulated," As the CEO of SpaceX and Tesla, a public company; Mr Musk could not afford to go to SNL with a clear intent to plug DOGE.And Chill it in an effort to push the price of the crypto asset up.
A dollar is backed only by the confidence you give it, so is a crypto asset like DOGE.
In fact both are in nature deflationary. Nothing more nothing less.
Numbers don't lie.
Sadly, not listening to a man who certainly did not need a rally for the DOGE or a fundraiser to adopt the crypto asset; people continued to FOMO (Fear Of Missing Out) and bought DOGE at over $0.60, the days leading to his TV appearance, that was also streamed worldwide.
They panic sold when they heard his mother saying that she did not want DOGECOIN for Mother's Day.
Your parents; your grandma are the exception. Most baby boomers don't want to be bothered with a meme coin; particularly if you are telling them it is going to the moon.
I personally had bought the dip end never sold DOGE.
A year to amass DOGE or mine them doesn't seem like a bad idea after all.
I'm in DOGE for the long haul; why wouldn't I? it's not even a dollar yet.
The media is in it however only for the sensational and for the ratings.
Where were they last week when CARDANO made an historic launch to deploy a system o their blockchain to verify student ids and grades. CARDANO is onboarding more that 5 million students in Ethiopia.
A long awaited confirmation of the contract by the Ethiopian government.
But you see, that kind of news is not sexy for the mainstream media.
However, a cute or dumb dog; (depending on who you asks,) generating the attention of million people all over the globe for absolutely no reason. That is important.
Now Elon Musk, who's not a Wall Street's darling, managed to be several times the richest man on planet Earth.
He is also potentially the least understood and the most underestimated genius.
Well he dodged a SEC panic attack or potential lawsuit, by not openly raving about the coin.
A crypto asset he recognized has his child.
That was not a joke. DOGE coin is not a joke; at least now that it is literally bound to the Moon.
Want to get in the action: How do you get started with the Crypto Asset DOGECOIN?
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Or Use this CODE: rJDZ22W for KUCOIN :
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