Cryptocurrency

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Will McDonald’s Go Dogecoin’s Way

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While Elon Musk has been dropping less-than-subtle hints to McDonald’s ($MCD@US) for some time about accepting Dogecoin, the token itself has not seen any long-term benefits of Musk’s consistent use of Twitter ($TWTR@US) to promote the meme coin. Moreover, McDonald’s doesn’t look like it’s ready to bite even after Musk tagged the fast-food giant in a response to a tweet about Dogecoin acceptance. It appears McDonald’s is not as susceptible to public pressure as other businesses. In the past 24 hours, Dogecoin has picked up nearly 2%, but it lost value against Bitcoin and Ethereum while gaining almost 3% in the past week. Year-to-date, the token is down 22%. Interestingly, Dogecoin also announced that the Libdogecoin 0.1 release is coming along nicely, which will make it easier to use diverse programming languages with the token. At press time, Dogecoin was sitting at 13.51 cents, up over 2% on slight increases in volume and its market cap.

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