NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Dogecoin: Can Elon Musk’s McDonald’s Offer Give DOGE A ‘Happy’ Price?

Christian Encila
Christian Encila
1 year ago
3 mins read
Dogecoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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

AAVE Seeks Proposal To Clear Itself Of Bad Debt – Can It Overcome These Obstacles?

1 year ago

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%?

1 year ago

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

Tweet123Share196ShareSend
Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. 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.

Read more

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 – 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’ 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.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Rischia Prese di Profitto a Settembre Nonostante l’Aumento di 638 Milioni di Dollari negli ETF

Ethereum (ETH) continua ad attirare l’attenzione istituzionale, con forti afflussi negli ETF spot che evidenziano la crescente domanda. Afflussi Record...

clararosati 3 hours ago
한국, 벤처기업 제한업종서 암호화폐 해제… 프리세일 수혜주로 페페노드 관심 집중

한국, 벤처기업 제한업종서 암호화폐 해제… 프리세일 수혜주로 페페노드 관심 집중

한국 정부가 9월 16일부터 벤처기업을 대상으로 한 암호화폐 관련 규제를 해제한다. 이에 따라 벤처기업들은 보다 손쉽게 자금 조달 경로를 확보하고 세제 혜택을 누릴 수 있게 됐다....

Soyeon Lee 3 hours ago
Gemini and SEC Settlement Sparks Buzz Around the Next Crypto to Explode

Gemini and SEC Settlement Sparks Buzz Around the Next Crypto to Explode

The crypto world just got some rare good news. After years of fighting, Gemini and the SEC have finally agreed...

Aaron Walker 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Is Trump te laat met FED rate cuts? Bitcoin koers blijkt top te hebben bereikt

Is Trump te laat met FED rate cuts? Bitcoin koers blijkt top te hebben bereikt

Lars Diederiksen 1 hour ago
From PayPal to Best Wallet: The New Era of Peer-to-Peer Payments

From PayPal to Best Wallet: The New Era of Peer-to-Peer Payments

Aaron Walker 1 hour ago
dOGECOIN

Imetniki Dogecoina in Pepeja se obračajo k Pepenode

tanjapotocnik 2 hours ago

Premium Sponsors

Press Releases

  • ビットコイン 今後の価格予測:119,500ドル突破を前に戦略的買い増し

    ビットコイン...

    12 minutes ago
  • パイネットワーク 価格とカルダノの動向

    パイネットワーク...

    33 minutes ago
  • Arderile masive de tokenuri continuă la Wall Street Pepe – deja au dispărut 3,6 miliarde WEPE și numărul este în creștere

    Arderile masive de tokenuri continuă la Wall Street Pepe...

    2 hours ago
  • Masivna spaljivanja tokena nastavljaju se u Wall Street Pepe – nestalo već 3,6 milijardi WEPE i brojka raste

    Masivna spaljivanja tokena nastavljaju se u Wall Street...

    4 hours ago
  • bitcoin price

    Đợt Bull Run Tiếp Theo Có Thể Đưa Giá Trị Lên...

    4 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.