May 8 'day to watch' for Dogecoin amid warning DOGE can suffer XRP style crash

May 8 'day to watch' for Dogecoin amid warning DOGE can suffer XRP style crash


Dogecoin (DOGE) is surging and Bitcoin (BTC) is limping, but one analyst predicts that this week will burst the DOGE bubble.

In a series of tweets on May 4, popular Twitter account lowstrife highlighted similarities between Dogecoin and XRP among warning signs that “the end” is nigh.

“Final push

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As Cointelegraph reported, DOGE/USD has continued to climb this week, reversing previous losses to take out its previous sky-high peak of $0.47. Year-to-date, the pair is up 7,000%.

With major proponent Elon Musk due to make his promised appearance on Saturday Night Live as “The Dogefather” on May 8, however, that date is quickly becoming a line in the sand for the meme-based altcoin’s fortunes.

Musk, who has made headlines throughout the year for his alleged adoration of Dogecoin, has likewise fuelled acceptance of its gains as being based not on merit, but on the viral effect of memes.

Why tf does @elonmusk going on Saturday Night Live create the scenario to push DogeCoin to $1.00.

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