If You Invested $1,000 In Dogecoin When Elon Musk Made His SNL Appearance, Here's How Much You Would Have Now

If You Invested $1,000 In Dogecoin When Elon Musk Made His SNL Appearance, Here's How Much You Would Have Now

Tesla Inc TSLA CEO Elon Musk made an appearance on “Saturday Night Live” on May 8 in an episode that was expected to feature Dogecoin DOGE/USD heavily.

See Also: How To Buy Dogecoin (DOGE) or How to Short Dogecoin

Musk did not disappoint, mentioning the meme coin during his opening monologue. The Tesla CEO also appeared as a financial expert during a skit and called DOGE a “hustle.”

DOGE Investment: If an investor got inspired to invest $1,000 in DOGE on the day Musk appeared on “Saturday Night Live,” here is how much they would have today.

See Also: Here's Why Elon Musk Won't Win An Emmy For 'SNL' Hosting Gig

Investing $1,000 in Dogecoin at its intraday peak of $0.74 would have secured 1,351.35 DOGE for the investors.

This is also the all-time high level for the Shiba Inu-themed cryptocurrency, which is now trading 71.14% below those highs at $0.215.

DOGE traded 5.03% higher over 24 hours leading up to press time.

At the current price, the $1,000 investment made on the day Saturday Night Live featuring Musk aired would only be worth $290.54.

Doggone Returns: The $1,000 investment translated into a 70.94% loss for the investor, but it is worth keeping in mind that DOGE has returned 4,306.31% gains since the year began.

The meme cryptocurrency has a market cap of $27.70 billion, making it the seventh currency in terms of market capitalization, as per CoinMarketCap data.

Read Next: Dogecoin As An Asset 'Accurately Reflects' Current Economic Climate, Says FTX CEO

Photo: Screenshot of "Lloyd Ostertag" on "Weekend Update" as he says "To the moooon!"

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