• Dogecoin is currently retesting its resistance level of $0.09370, with the biggest gains being seen in the monthly time frame.
• This bullish continuation is due to Elon Musk’s tweet from January 25th proposing that McDonald’s accept Dogecoin as a form of payment.
• The Dogecoin community has been putting pressure on McDonald’s to accept Dogecoin, and Matt Wallace showed support for such an action.
Dogecoin has been making massive gains in the past few months, with its current resistance level of $0.09370 being tested. This bullish continuation is largely due to the influence of Elon Musk, who tweeted back on January 25th about how he would eat a McDonald’s happy meal if the fast food giant accepted Dogecoin as a payment method. This tweet has sparked a huge wave of optimism from the Dogecoin community, who have been pushing for McDonald’s to accept the coin as payment.
The increasing pressure from the community has been met with support from well-known crypto influencer Matt Wallace. He replied to Musk’s tweet, expressing his desire for McDonald’s to accept Dogecoin as a valid payment method. This is a huge milestone for the coin, as McDonald’s acceptance of Dogecoin would mean that the coin would have access to over 40,031 restaurants and could further its adoption as a payment method.
The Dogecoin community is now eagerly awaiting McDonald’s response to the proposal. If McDonald’s decides to accept Dogecoin as a payment method, then this could be a major catalyst for the coin’s price action. A lot of anticipation has been building up, and it remains to be seen if McDonald’s will take Elon Musk’s offer and accept Dogecoin as a payment method.
The future of Dogecoin is looking bright, with the coin’s price action showing great potential for growth. If McDonald’s decides to accept the coin, then this could be a major step forward for Dogecoin adoption and the coin could potentially reach even higher highs. The Dogecoin community will be eagerly awaiting further news from McDonald’s, and it could be a defining moment for the future of the coin.