Why Jim Cramer Sold Some Ethereum, His Warning on Dogecoin

Dogecoin has been quickly surging in popularity and price as investors jump into the cryptocurrency based on a meme that was originally created as a joke.

“Dogecoin is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of Saturday Night Live. Also known as the Dogefather, Musk will undoubtedly have a sketch on cryptocurrencies that will probably go viral for days and further motivate his army of followers to try to send Dogecoin to the moon,” wrote Edward Moya, senior market analyst at OANDA. on Tuesday, May 4.