The value of Dogecoin plummeted sharply after Mr Musk talked about it on the late-night comedy show and called it a “hustle” in one sketch. He helped Dogecoin recover some of tis value when he tweeted earlier this week, “Working with Doge devs to improve system transaction efficiency. Potentially promising.” The Tesla boss went on to crash the whole cryptocurrency market earlier this week when he said the company would no longer accept Bitcoin, because of environmental concerns about the way it is mined. Mr Palmer said in 2018 that creating Dogecoin was a “p*** take” to make fun of the alt-coins that were being released onto the cryptocurrency market.