Dogecoin price rise: Cryptocurrency nears all-time high value after Elon Musk partnership

He started by claiming that Dogecoin was "the future of currency. It's an unstoppable financial vehicle that’s going to take over the world."

But when co-host Michael Che asked: "So, it's a hustle?", Musk laughed and replied "Yeah, it's a hustle".

Within 45 minutes, Dogecoin's price had dipped from $0.66 to $0.51, and would hit $0.43 later on Sunday morning.

The so-called 'memecurrency' is incredibly close to regaining its market position from before Musk's SNL appearance, following the Tesla CEO's latest intervention.

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