Dogecoin Inches Closer To $0.08 After Burger King Tweets ‘Need DOGE’
March 30 2023 - 01:54AM
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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. Related Reading: Dogecoin
(DOGE) Breaks Out Of Resistance Line – Will It Hit $1? DOGE total
market cap currently at $9.9 billion on the daily chart at
TradingView.com Related Reading: Bitcoin Price Reclaims $28,000
Territory Amid Mounting Market Pressures 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
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