• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Elon Musk, a shiba doge
Nexo

Elon Musk Makes McDonald’s An Offer They Can’t Refuse. Dogecoin Pumps

Eduardo Próspero by Eduardo Próspero
4 months ago
in Dogecoin
0

The first Elon Musk stimulus package for Dogecoin holders is here. As the cryptomarket as a whole tumbles and tries to recover its balance, an Elon Musk tweet made Dogecoin pump. This time, the subject is McDonald’s. The fast-food restaurant’s community manager has been teasing crypto people, offering them jobs now that the market is down. And Musk took the fight to their doorstep.

I will eat a happy meal on tv if @McDonalds accepts Dogecoin

— Elon Musk (@elonmusk) January 25, 2022

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The challenge is, “I will eat a happy meal on tv if McDonalds accepts Dogecoin.” So far, the restaurant hasn’t responded. The market did, though. Since Elon Musk’s tweet, Dogecoin went from $0.1333 to $0.1449. And the day is not over. Will the coin keep pumping? Or is a crash inevitable? We’ll have to wait and see.

Examples Of Previous Elon Musk Pumps

The Tesla billionaire has been playing with the Dogecoin community for a while now. His affiliation with the meme coin has reached such a level that journalists ask him about it in every other interview. And, of course, Bitcoinist has been there to document every Elon Musk pump.

For example, when the billionaire tweeted that Bitcoin and Ethereum were too slow compared to DOGE, the market reacted.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

“The tweet was meant with much optimism from the Doge community. The coin which has been taking massive hits since the crypto bloodbath began saw a significant boost in the price of the coin.

Doge which had fallen below the $0.20 threshold saw a bounce back in the hours following Musk’s tweet. The rebound pushed the coin price back up over the $0.20 price point. And now the coin is trading a little above $0.22 at the time of this writing.”

Notice that the market was also in the middle of a “crypto bloodbath” when Elon Musk tweeted that one time. On another occasion, when the billionaire tweeted that he was considering opening The Texas Institute of Technology & Science, a university that would accept tuition in Dogecoin, the market reacted:

“Dogecoin saw $3 billion added to its market cap following the tweet, setting it up on a path to try to reclaim its spot from top rival Shiba Inu. However, the new sweetheart of the dog-themed tokens community maintained its hold above Dogecoin. DOGE’s rally towards $0.3 brought its market cap close to that of SHIB which had suffered through the weekend.”

DOGEUSD price chart - TradingView

DOGE price chart for 01/25/2022 on Coinbase | Source: DOGE/USD on TradingView.com

The Billionaire Has Also Failed

Not all of Elon Musk’s shenanigans resulted in a pump. When he put no effort into it and just tweeted “Release the Doge,” the market remained static and Bitcoinist asked, “has Musk lost his edge over Dogecoin?”

“Investors began calling for the billionaire to resume tweeting about Dogecoin. Which had by this point lost over 60% of its all-time high value. But Musk seemed committed to not tweeting about Dogecoin.

The price which had risen significantly to as high as $0.80 went back down below $0.20. Before making a small correction and receiving back up above $0.20. Where it currently sits trading in the $0.20 range.”

And then, of course, it’s the infamous Elon Musk SNL appearance. When the billionaire hosted Saturday Night Live and failed to produce even the slightest laugh, DOGE suffered. 

“To the disappointment of many, however, Musk’s cameo ended with the cryptocurrency tumbling nearly 30% in less than an hour. Its prices plummeted from $0.69 to a new low of $0.49, before paring losses by recovering to as high as $0.55. At press time, Dogecoin is trading at $0.53.”

Of course, one has to notice the stark difference in prices. As we said, DOGE is currently trading at $0.1449 and people are celebrating. Far, far away from the heights of its glory days. Will the fast-food restaurant come to the rescue and pump Dogecoin even higher? Stay tuned to Bitcoinist to find out. 

Featured Image by Jaycee Xie on Unsplash  | Charts by TradingView
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Eduardo Próspero

Eduardo Próspero

Eduardo Prospero is an author, a content writer, and a professional rapper. A Bitcoin maximalist in disguise. Working on a Bitcoin book. Beware of my Telegram impersonator!

Related Posts

Dogecoin

Majority Remain In Profit Even As Dogecoin Is Down 88% From ATH

3 days ago
Dogecoin

Dogecoin Co-Founder Says The Meme Coin Was Created By A Stupid Person

1 week ago
Dogecoin crypto

Data Shows Top Coins Among Most Hated Crypto, But Not Dogecoin

2 weeks ago
Dogecoin

More Utility For Dogecoin As WordPress Websites Can Now Accept DOGE Payments

2 weeks ago
Dogecoin

Rapper Ice Cube Shows Support For Dogecoin As BIG3 Takes Off

2 weeks ago
Dogecoin

Designer DOGE: Gucci To Accept Dogecoin Payments In Retail Stores

3 weeks ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.