Dogecoin experienced significant price fluctuations following Elon Musk's appearance on 'Saturday Night Live,' where he referred to it as a 'hustle,' causing it to drop initially before a brief recovery. The cryptocurrency, which has seen a massive surge of over 21,000% in the past year, is under scrutiny from central bankers for its volatility and potential market manipulation. Analysts are comparing Dogecoin's price trends to a speculative bubble, warning potential investors of the risks involved.

2. The Saturday Economist … On Markets
The Saturday Economist . com
After hitting a record on Saturday ahead of Elon Musk’s
appearance on “Saturday Night Live,” the digital currency
began to fall hours before the show began and continued
to drop as he delivered his opening monologue
The trading swings began on Saturday as Dogecoin
traders around the world were organising watch parties
for the broadcast featuring its most prominent supporter.
Following an initial slump, the digital currency bounced
back brie
fl
y toward the end of the show, after the
billionaire called it a “hustle” in the “Weekend Update”
segment.
Dogecoin, a cryptocurrency that started as an internet
meme in 2013, has surged more than 21,000% in the
past year, according to CoinGecko.
Musk, 49, has been among its biggest boosters, along
with Mark Cuban, Snoop Dogg and Gene Simmons. Still,
crypto volatility has prompted urgent warnings from
central bankers -- as recently as Thursday -- that people
buying in should be prepared to lose all of their money.
This from Bloomberg 10 May 2021
Dogecoin Pricing … “It’s a hustle” says Musk …
Dogecoin and the Speculative Bubble Map …
We compare the Dogecoin price chart with the classic
Speculative bubble map.
Buyers beware of central bank warnings …
… suggestions of market manipulation, insider trading,
front running, pump and dump are rife. Is it market
manipulation or a
fl
ight to the moon?

3. The Saturday Economist … On Markets
The Saturday Economist . com
Dogecoin Pricing
Data from etoro

4. Stealth Awareness Mania Blow off
Time
Value
Trend value
Greed Fear
Speculative Bubble Map
Smart Money Syndication Public
Take Position
Take Off
Take Pro
fi
t
Bear Trap
“this time it’s different”
Dead Cat Bounce
Panic
Madness
Delusion
Despair
Buy In
Bull Trap
JKA 2011
Media
Bear Trap
Buy back
Buy back
The Saturday Economist … On Markets
The Saturday Economist . com
The Speculative Bubble Map

5. The Saturday Economist … On Markets
The Saturday Economist . com
The Overlay …

8. July 2021