Dogecoin Inches Closer To $0.08 After Burger King Tweets ‘Need DOGE’

Christian Encila

Last Updated: March 30, 2023 5:54 am

3 mins read

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Dogecoin enthusiasts are wagging their proverbial tails after Burger King UK teased a potential adoption of the meme-inspired cryptocurrency in a tweet, sending the DOGE community into a frenzy of anticipation.

As soon as the tweet went live, the price of DOGE surged by 2.72% to reach $0.77, giving its proponents a glimmer of hope that the cryptocurrency could finally break through the elusive $0.08 mark.

While the fast-food giant did not provide any further details about its plans for DOGE adoption, the mere suggestion was enough to spark a bullish sentiment among Dogecoin supporters, who have been eagerly waiting for a breakthrough moment for months.

The question now remains: could this be the moment that Dogecoin finally unleashes its potential and rockets to new heights?

Excitement Over Potential Dogecoin Adoption

Burger King Paris caused quite a stir in the crypto world this week when it announced that it would be accepting digital currencies as payment through Binance and Alchemy Pay.

Responding to a post about the announcement, Burger King’s UK branch made an unexpected comment, stating, “We need doge.”

we need doge

— Burger King (@BurgerKingUK) March 28, 2023

This sent the Dogecoin community into a frenzy of excitement, but it wasn’t just DOGE that caught the attention of the fast-food giant. Burger King UK also responded to comments related to Floki Inu (FLOKI), though they have not confirmed nor denied whether they will accept the meme-inspired cryptocurrency as payment.

Odds Of Dogecoin Hitting $0.08 Mark Soon

On the daily chart at CoinMarketCap, the price of DOGE is edging closer to the critical resistance level at $0.07890. While it’s still too early to predict any major price movements, if the rate can break through and hold above the $0.078 mark, it could generate enough momentum for a potential surge toward the $0.08 level.

However, despite the optimistic outlook, DOGE has been struggling to gain traction in recent times, with its value remaining mostly stagnant.

Last year’s price drop, which saw the meme coin fall below $0.1 in November, has also affected its prospects among retail investors, who have become cautious in their approach due to the lack of significant price movements.

DOGE total market cap currently at $9.9 billion on the daily chart at TradingView.com

Yes! Wen Doge ? 🐕 🍔 👑

— Doge Whisperer 🐕 (@TDogewhisperer) March 28, 2023

Nevertheless, the mere suggestion of Dogecoin adoption, as teased by Burger King UK, has sparked a renewed sense of bullish sentiment among the community.

This development serves as a timely reminder that sometimes, it only takes a simple comment on social media to reignite positive sentiments on a certain type of crypto and, in this case, DOGE.

-Featured image from Coinscreed

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.

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.

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