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On May 8, billionaire Tesla CEO Elon Musk appeared on \u201cSaturday Night Live\u201d after having tweeted about cryptocurrency Dogecoin (DOGE-USD<\/a>) for months. Since that appearance, the digital asset is down nearly 80%.<\/p>\n Dogecoin\u2019s value peaked right before the show aired on the expectation that Musk, who had become known as a doge bull, might plug the coin, sending it higher, or \u201cto the moon.\u201d Musk did talk about it during the Weekend Update segment \u2013 he was asked repeatedly by hosts Michael Che and Colin Jost what it was \u2013 which led to the punchline that dogecoin was \u201ca hustle.\u201d<\/p>\n