{"id":517952,"date":"2023-01-30T01:44:04","date_gmt":"2023-01-30T06:44:04","guid":{"rendered":"https:\/\/wncen.com\/?p=517952"},"modified":"2024-06-11T15:06:58","modified_gmt":"2024-06-11T15:06:58","slug":"dogecoin-elon-musk-mcdonalds-offer","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-elon-musk-mcdonalds-offer\/","title":{"rendered":"Dogecoin: Can Elon Musk\u2019s McDonald&#8217;s Offer Give DOGE A &#8216;Happy&#8217; Price?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Dogecoin, the original memecoin, is currently showing a solid performance, retesting its current resistance which is at $0.09370. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\" rel=\"nofollow\"><span style=\"font-weight: 400\">Coinhecko<\/span><\/a><span style=\"font-weight: 400\">, 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<\/span><\/p>\n<p><span style=\"font-weight: 400\">Musk <\/span><a href=\"https:\/\/twitter.com\/elonmusk\/status\/40188416?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">tweeted<\/span><\/a><span style=\"font-weight: 400\"> 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 <\/span><a href=\"https:\/\/twitter.com\/DogecoinTweet\/status\/53036032?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">putting pressure<\/span><\/a><span style=\"font-weight: 400\"> on the company as they show support for Elon\u2019s proposal.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/aave-gets-cleared-of-debt\/\"> AAVE Seeks Proposal To Clear Itself Of Bad Debt \u2013 Can It Overcome These Obstacles?<\/a><\/div>\n<p><span style=\"font-weight: 400\">If McDonald\u2019s ever implements DOGE as a mode of payment, the coin would have access to <\/span><a href=\"https:\/\/www.statista.com\/statistics\/219454\/mcdonalds-restaurants-worldwide\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">40,031<\/span><\/a><span style=\"font-weight: 400\"> restaurants while simultaneously adding a big name in the already large number of merchants that accept the coin as payment method.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Is this offer still open? <a href=\"https:\/\/t.co\/lTE4wdl0jf\" rel=\"nofollow\">pic.twitter.com\/lTE4wdl0jf<\/a><\/p>\n<p>\u2014 DogeDesigner (@cb_doge) <a href=\"https:\/\/twitter.com\/cb_doge\/status\/08159235?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 27, 2023<\/a><\/p><\/blockquote>\n<h2><strong>Elon\u2019s Influence On Dogecoin Remains<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">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 <\/span><a href=\"https:\/\/twitter.com\/elonmusk\/status\/59585536?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E59585536%7Ctwgr%5E828b74c8a5c938cf5b85c42713ffe1024e17a558%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fwww.thestreet.com%2Finvesting%2Fcryptocurrency%2Felon-musk-renews-his-dogecoin-offer-to-mcdonalds\" rel=\"nofollow\"><span style=\"font-weight: 400\">renewed<\/span><\/a><span style=\"font-weight: 400\"> his offer to McDonald\u2019s, it remains to be seen if the company even accepts the offer.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Obviously, the DOGE community has been very optimistic about the acceptance of the coin as a mode of payment. <\/span><a href=\"https:\/\/twitter.com\/MattWallace888?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E63272704%7Ctwgr%5E828b74c8a5c938cf5b85c42713ffe1024e17a558%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.thestreet.com%2Finvesting%2Fcryptocurrency%2Felon-musk-renews-his-dogecoin-offer-to-mcdonalds\" rel=\"nofollow\"><span style=\"font-weight: 400\">Matt Wallace<\/span><\/a><span style=\"font-weight: 400\">, a huge crypto influencer, replied to Musk showing his support for McDonald&#8217;s acceptance of DOGE as a payment method:\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">McDonalds <a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Dogecoin<\/a> Acceptance Coming!<\/p>\n<p>\u2014 Matt Wallace (@MattWallace888) <a href=\"https:\/\/twitter.com\/MattWallace888\/status\/63272704?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 27, 2023<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">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. <\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/TQSN8M4U\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">DOGE total market cap at $11 billion on the daily chart | Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><strong>Optimistic Investors Should Be Cautious<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">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.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/threshold-t-swells-146\/\"> What Is Threshold (T) And Why Is This Lesser-Known Coin Swelling By 146%?<\/a><\/div>\n<p><span style=\"font-weight: 400\">But it is no wonder that the industry is very bullish as Tesla, an electric vehicle company owned by Elon Musk, already <\/span><a href=\"https:\/\/www.gfinityesports.com\/cryptocurrency\/tesla-dogecoin-doge-payment-method\/#:~:text=Does%20Tesla%20Accept%20Dogecoin?%20As%20of%20January%2014,,Kids%20are%20all%20available%20to%20purchase%20using%20DOGE.\" rel=\"nofollow\"><span style=\"font-weight: 400\">accepts<\/span><\/a><span style=\"font-weight: 400\"> DOGE as a form of payment for Tesla merchandise.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-517954 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/a-90.png?resize=860%2C90\" alt=\"\" width=\"860\" height=\"90\"><\/p>\n<p><span style=\"font-weight: 400\">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<\/span><\/p>\n<p><em>Featured image by Inc. Magazine<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin, the original memecoin, is currently showing a solid performance, retesting its current resistance which is at $0.09370. According to Coinhecko, 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 Musk tweeted 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 on the company as they show support for Elon\u2019s proposal.\u00a0 Related Reading: AAVE Seeks Proposal To Clear Itself Of Bad Debt \u2013 Can It Overcome These Obstacles? If McDonald\u2019s ever implements DOGE as a mode of payment, the coin would have access to 40,031 restaurants while simultaneously adding a big name in the already large number of merchants that accept the coin as payment method.\u00a0 Is this offer still open? pic.twitter.com\/lTE4wdl0jf \u2014 DogeDesigner (@cb_doge) January 27, 2023 Elon\u2019s Influence On Dogecoin Remains 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 his offer to McDonald\u2019s, it remains to be seen if the company even accepts the offer.\u00a0 Obviously, the DOGE community has been very optimistic about the acceptance of the coin as a mode of payment. Matt Wallace, a huge crypto influencer, replied to Musk showing his support for McDonald&#8217;s acceptance of DOGE as a payment method:\u00a0 McDonalds #Dogecoin Acceptance Coming! \u2014 Matt Wallace (@MattWallace888) January 27, 2023 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. DOGE total market cap at $11 billion on the daily chart | Chart: TradingView.com Optimistic Investors Should Be Cautious 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. Related Reading: What Is Threshold (T) And Why Is This Lesser-Known Coin Swelling By 146%? But it is no wonder that the industry is very bullish as Tesla, an electric vehicle company owned by Elon Musk, already accepts DOGE as a form of payment for Tesla merchandise.\u00a0 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 Featured image by Inc. Magazine<\/p>\n","protected":false},"author":557,"featured_media":517955,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-517952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n<title>Dogecoin: Can Elon Musk\u2019s McDonald&#039;s Offer Give DOGE A &#039;Happy&#039; Price?<\/title>\n<meta name=\"description\" content=\"Dogecoin, the original memecoin, is currently showing a solid performance, retesting its current resistance which is at $0.09370. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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