Tech mogul Elon Musk is hosting “Saturday Night Live” on Saturday, May 8, and Dogecoin cryptocurrency traders will host watch parties for what could be a “market-moving event,” according to a report by Bloomberg. Musk, who has branded himself as “The Dogefather” on Twitter, is a huge fan of Dogecoin and frequently tweets about it, which consistently spikes the price. New Jersey-based trader Ramy Bekhiet said it wouldn’t be a surprise if Dogecoin’s price soars up to 90 cents over Musk’s “SNL” appearance, Bloomberg reported. The cryptocurrency was originally created as a parody, and its most rec…

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