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Highlights
- McDonald’s cryptic tweet recently sparked wild speculation that it could accept Dogecoin as a mode of payment.
- Tesla chief Elon Musk too tweeted the ‘sweat droplets’ emoji, suggesting, that he is indeed looking forward to the announcement.
- On 14 February, DOGE was trailing by 0.57% and was trading at US$0.144748 with a trading volume of US$1,932,855,578 over a day on CoinMarketCap.
Fast food giant McDonald’s has been creating a buzz for quite some time now. Its meme-wagon was an instant hit on Twitter world during Bitcoin’s bearish run earlier this year. The meme-wagon, which had hit on 25 January, was one of the hottest trends prompting leading exchanges such as Binance to react to the post.
Once again McDonald’s was in hot trends following its announcement of getting into metaverse. Earlier this month, it had released a preview of the McDonald's Hall of Zodiacs: 2022 Lunar New Year with Humberto Leon, which gave a sneak peek into its designs and experience for the crypto enthusiasts.
Also read: Are Bitcoin backers looking for jobs at McDonald’s? Memes roast BTC
Now just days after the metaverse announcement, McDonald’s again tweeted “uhhhhhhhhhhh something’s coming”, sparking wild speculation that the fast-food giant may finally accept Dogecoin as a mode of payment.
McDonald- Musk exchange of words
Tesla chief Elon Musk, who has been supporting DOGE coin, has been quite actively urging McDonald’s to accept Dogecoin as a mode of payment. On Sunday, after McDonald’s teaser, Musk tweeted back an image of ‘sweat droplets’ emoji, suggesting that he is indeed looking forward to the announcement.
The coin was created in 2013 by Billy Markus and Jackson Palmer as fun substitute of Bitcoin. Musk and McDonald’s have been at each other for a couple of times. Last month Musk had tweeted tagging McDonald’s urging the fast-food joint to accept DOGE.
Image credit: Twitter @elonmusk (Elon Musk)
McDonald’s responded by retorting; it would do only if Tesla accepts Grimace Coin.
In the past, the Tesla CEO has said that the fun crypto is a better coin in terms of transaction as Bitcoin’s cost per transaction is high, and “is not a good substitute for traditional transactional money”. He had even supported it over Ethereum saying that the token can be more useful for creating Decentralised Finance (DeFi) as it can be more accessible to a larger audience.
Markus quells all rumours
However, Dogecoin’s co-creator Billy Markus soon rubbished all speculations by outrightly stating that it was indeed a rumour, and nothing has been planned in this regard.
How has been Dogecoin faring?
On 14 February, DOGE was trailing by 0.57% and was trading at US$0.144748 with a trading volume of US$1,932,855,578 over a day on CoinMarketCap. DOGE has a live market cap of US$19,203,856,727and 132,670,764,300 DOGE coins supply in circulation. The DOGE has been witnessing red for a week after being down by 6%, according to CoinGecko.
Future uncertain?
McDonald’s tweets and Musk’s tweets did create a buzz, but it looks like it is just a rumour and nothing more than that. Enthusiasts and investors need to be careful before believing in such rumours and speculative tweets.
