These past few weeks have been tumultuous, especially for newbies to the crypto market. First, on May 8, Elon Musk, CEO of Tesla (NASDAQ:TSLA), was the host of Saturday Night Live where he promoted Dogecoin (DOGE) — a highly speculative, volatile cryptocurrency with present meaningful business model other than being a meme for tipping others. Then, a few days later, Musk dissed Bitcoin (BTC) in a tweet, stating that Tesla would no longer allow purchases of its electric vehicles with BTC because of its purported substantial, environmentally unfriendly energy usage.

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