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| Just a big pump-and-dump scheme? RT’s Boom Bust delves into latest dogecoin saga | Just a big pump-and-dump scheme? RT’s Boom Bust delves into latest dogecoin saga |
| (about 1 month later) | |
| The value of dogecoin, the cryptocurrency inspired by the popular Shiba Inu meme, sank shortly after the long-anticipated appearance of Elon Musk on popular US television variety show ‘Saturday Night Live’. | The value of dogecoin, the cryptocurrency inspired by the popular Shiba Inu meme, sank shortly after the long-anticipated appearance of Elon Musk on popular US television variety show ‘Saturday Night Live’. |
| Dogecoin lost more than a third of its value this week after Musk, whose tweets caused a huge price spike in the meme-based crypto this year, suddenly called it a “hustle.” | Dogecoin lost more than a third of its value this week after Musk, whose tweets caused a huge price spike in the meme-based crypto this year, suddenly called it a “hustle.” |
| RT’s Boom Bust talked to Tobin Smith of Transformity Research to understand whether there’s any value to the cryptocurrency that was heavily boosted by the eccentric billionaire’s tweets. | RT’s Boom Bust talked to Tobin Smith of Transformity Research to understand whether there’s any value to the cryptocurrency that was heavily boosted by the eccentric billionaire’s tweets. |
| READ MORE: ‘It’s a hustle’: Elon Musk DESTROYS Dogecoin as he brings crypto memes to his episode of SNL | READ MORE: ‘It’s a hustle’: Elon Musk DESTROYS Dogecoin as he brings crypto memes to his episode of SNL |
| “It’s a good sentiment indicator, that’s exactly what it is,” Smith said, stressing that sentiment is one thing and value is another. | “It’s a good sentiment indicator, that’s exactly what it is,” Smith said, stressing that sentiment is one thing and value is another. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |