Dogecoin: Can Elon Musk’s McDonald’s Offer Give DOGE A ‘Happy’ Price?
2023年1月30日 - 03:44PM
NEWSBTC
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’s recent
mentions of the coin. Musk tweeted back on January 25 last
year about how he will eat a McDonald’s 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’s proposal. Related Reading: AAVE Seeks
Proposal To Clear Itself Of Bad Debt – Can It Overcome These
Obstacles? If McDonald’s 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. Is this
offer still open? pic.twitter.com/lTE4wdl0jf — DogeDesigner
(@cb_doge) January 27, 2023 Elon’s Influence On Dogecoin Remains
Elon Musk’s 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’s, it remains to be seen if the company even accepts the
offer. 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’s acceptance of DOGE as a payment
method: McDonalds #Dogecoin Acceptance Coming! — Matt Wallace
(@MattWallace888) January 27, 2023 However, this bullishness does
not consider McDonald’s 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’s market movement right now might be reminiscent of
last year’s 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. 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’s 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. Featured image by Inc. Magazine
Dogecoin (COIN:DOGEUSD)
過去 株価チャート
から 11 2023 まで 12 2023
Dogecoin (COIN:DOGEUSD)
過去 株価チャート
から 12 2022 まで 12 2023