Dogecoin Retests Resistance: McDonald’s May Soon Accept It as Payment


• Dogecoin, the original memecoin, is currently showing a solid performance, retesting its current resistance.
• Elon Musk’s recent mentions of the coin boosted its price and the Dogecoin community is putting pressure on McDonald’s to accept the coin as a mode of payment.
• Matt Wallace, a huge crypto influencer, showed his support for McDonald’s acceptance of DOGE as a payment method.

Dogecoin, the original memecoin, has been performing well lately, with the token currently retesting its current resistance at $0.09370. This bullish continuation is largely attributed to the recent mentions of the coin by Elon Musk, the world-renowned entrepreneur. On January 25th last year, Musk tweeted about his willingness to eat a McDonald’s happy meal if the fast food giant would accept Dogecoin as a payment method. This offer was quickly followed by a strong rally, with the coin jumping by 34% in under a week.

The Dogecoin community has been actively pushing for McDonald’s to accept the coin as a payment option. Matt Wallace, a crypto influencer, even showed his support for the idea, tweeting about McDonalds #Dogecoin Acceptance. If McDonalds does accept the coin as a payment method, Dogecoin holders would have access to 40,031 restaurants worldwide, increasing the number of merchants that accept the coin as payment.

At the same time, Elon Musk’s influence on Dogecoin remains strong. His tweets about the coin have been well-received by the community, and many believe that McDonald’s acceptance of Dogecoin as a payment option will be a major boost for the token – both in terms of popularity and price action.

The future of Dogecoin looks bright, with the coin showing solid performance and the community actively pushing for more merchant adoption. With influential figures like Elon Musk and Matt Wallace showing their support for the coin, Dogecoin could become a viable payment option in the near future. Only time will tell, but the Dogecoin community remains hopeful that their beloved memecoin will soon become a mainstream payment method.