Dogecoin rockets again after another cryptic Elon Musk tweet mentioning the Dogefather

Dogecoin is once again on a rise after a tough last week, and Elon Musk has made it possible again with his cryptic tweet.

Dogecoin is once again on a rise after a tough last week, and it’s the same man making it possible. Tesla chief Elon Musk referred to himself as Dogefather in a cryptic tweet on Wednesday, leading to a 30 per cent hike, cryptocurrency’s highest in past 10 days. Dogecoin was further up by almost 8 per cent on Thursday morning. Its price has reached 24 rupees after falling below under 18 rupees over the last week. Musk’s tweet came just days before his Saturday Night Live appearance. He is scheduled to appear on the show on May 8. The Dogefather SNL May 8,” Musk tweeted, leading to the latest surge in Doegcoin price. There is a strong buzz around the cryptocurrency with Musk expected to talk about it on television. A lot of people expect the Dogecoin price to further boost after his appearance on the popular TV show. This isn't the first time Musk has tweeted about the crypto token. The billionaire in February published a one-word tweet that sent dogecoin up by 25 per cent in minutes. In March, he posted another tweet saying his space exploration company will put dogecoin on the "literal" moon, causing it to jump per cent.