{"id":17119,"date":"2023-01-30T06:52:38","date_gmt":"2023-01-30T10:52:38","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=17119"},"modified":"2023-01-30T06:52:38","modified_gmt":"2023-01-30T10:52:38","slug":"dogecoin-can-elon-musks-mcdonalds-offer-give-doge-a-happy-price","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/30\/dogecoin-can-elon-musks-mcdonalds-offer-give-doge-a-happy-price\/","title":{"rendered":"Dogecoin: Can Elon Musk\u2019s McDonald\u2019s Offer Give DOGE A \u2018Happy\u2019 Price?"},"content":{"rendered":"

Dogecoin, the original memecoin, is currently showing a solid performance, retesting its current resistance which is at $0.09370. According to Coinhecko<\/a>, the token is still up in all time frames with the biggest gains being made in the monthly time frame at 27%. This bullish continuation is the result of Elon Musk\u2019s recent mentions of the coin.\u00a0<\/p>\n

Musk tweeted<\/a> back on January 25 last year about how he will eat a McDonald\u2019s happy meal if the fastfood company accepts Dogecoin as a mode of payment. Since then, the DOGE community has been putting pressure<\/a> on the company as they show support for Elon\u2019s proposal.\u00a0<\/p>\n

If McDonald\u2019s ever implements DOGE as a mode of payment, the coin would have access to 40,031<\/a> restaurants while simultaneously adding a big name in the already large number of merchants that accept the coin as payment method.\u00a0<\/p>\n

Is this offer still open? pic.twitter.com\/lTE4wdl0jf<\/a><\/p>\n

\u2014 DogeDesigner (@cb_doge) January 27, 2023<\/a><\/p>\n

Elon\u2019s Influence On Dogecoin Remains<\/strong><\/h2>\n

Elon Musk\u2019s effect on the price action is certainly evident on the coin. Following that tweet, DOGE started a rally after it slumped by 34% in under a week. Now that Musk renewed<\/a> his offer to McDonald\u2019s, it remains to be seen if the company even accepts the offer.\u00a0<\/p>\n

Obviously, the DOGE community has been very optimistic about the acceptance of the coin as a mode of payment. Matt Wallace<\/a>, a huge crypto influencer, replied to Musk showing his support for McDonald\u2019s acceptance of DOGE as a payment method:\u00a0<\/p>\n

McDonalds #Dogecoin<\/a> Acceptance Coming!<\/p>\n

\u2014 Matt Wallace (@MattWallace888) January 27, 2023<\/a><\/p>\n

However, this bullishness does not consider McDonald\u2019s side on whether it should accept Dogecoin, or crypto in that matter, as a mode of payment. <\/p>\n\n

Optimistic Investors Should Be Cautious<\/strong><\/h2>\n

Optimism is good for the market as this means investor confidence in the asset is high. However, DOGE\u2019s market movement right now might be reminiscent of last year\u2019s price increases when the billionaire tweets about the meme coin.<\/p>\n

But it is no wonder that the industry is very bullish as Tesla, an electric vehicle company owned by Elon Musk, already accepts<\/a> DOGE as a form of payment for Tesla merchandise.\u00a0<\/p>\n\n

Meanwhile, Dogecoin is trading at $0.0892 with more than enough leg room for a steady upward price movement. Investors and traders can also enjoy the coin\u2019s high correlation with major cryptos like Bitcoin and Ethereum as these coins are bullish with BTC nearing $24,000 and Ethereum (ETH) breaking $1.6k.\u00a0<\/p>\n

Featured image by Inc. Magazine<\/em><\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin, the original memecoin, is currently showing a solid performance, retesting its current resistance which is at $0.09370. According to Coinhecko<\/a>, the token is still up in all time frames with the biggest gains being made in the monthly time frame at 27%. This bullish continuation is the result of Elon Musk\u2019s recent mentions of the coin.\u00a0<\/p>\n

Musk tweeted<\/a> back on January 25 last year about how he will eat a McDonald\u2019s happy meal if the fastfood company accepts Dogecoin as a mode of payment. Since then, the DOGE community has been putting pressure<\/a> on the company as they show support for Elon\u2019s proposal.\u00a0<\/p>\n

If McDonald\u2019s ever implements DOGE as a mode of payment, the coin would have access to 40,031<\/a> restaurants while simultaneously adding a big name in the already large number of merchants that accept the coin as payment method.\u00a0<\/p>\n

Is this offer still open? pic.twitter.com\/lTE4wdl0jf<\/a><\/p>\n

\u2014 DogeDesigner (@cb_doge) January 27, 2023<\/a><\/p>\n

Elon\u2019s Influence On Dogecoin Remains<\/strong><\/h2>\n

Elon Musk\u2019s effect on the price action is certainly evident on the coin. Following that tweet, DOGE started a rally after it slumped by 34% in under a week. Now that Musk renewed<\/a> his offer to McDonald\u2019s, it remains to be seen if the company even accepts the offer.\u00a0<\/p>\n

Obviously, the DOGE community has been very optimistic about the acceptance of the coin as a mode of payment. Matt Wallace<\/a>, a huge crypto influencer, replied to Musk showing his support for McDonald\u2019s acceptance of DOGE as a payment method:\u00a0<\/p>\n

McDonalds #Dogecoin<\/a> Acceptance Coming!<\/p>\n

\u2014 Matt Wallace (@MattWallace888) January 27, 2023<\/a><\/p>\n

However, this bullishness does not consider McDonald\u2019s side on whether it should accept Dogecoin, or crypto in that matter, as a mode of payment. <\/p>\n

Optimistic Investors Should Be Cautious<\/strong><\/h2>\n

Optimism is good for the market as this means investor confidence in the asset is high. However, DOGE\u2019s market movement right now might be reminiscent of last year\u2019s price increases when the billionaire tweets about the meme coin.<\/p>\n

But it is no wonder that the industry is very bullish as Tesla, an electric vehicle company owned by Elon Musk, already accepts<\/a> DOGE as a form of payment for Tesla merchandise.\u00a0<\/p>\n

Meanwhile, Dogecoin is trading at $0.0892 with more than enough leg room for a steady upward price movement. Investors and traders can also enjoy the coin\u2019s high correlation with major cryptos like Bitcoin and Ethereum as these coins are bullish with BTC nearing $24,000 and Ethereum (ETH) breaking $1.6k.\u00a0<\/p>\n

Featured image by Inc. Magazine<\/em><\/p>\n

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