Elon Musk has been quiet on $DOGE, along with Dogecoin’s crypto-team. At least things were tranquil until the last few days. The Tesla owner has made a public pact with American fast-food chain McDonald’s. If the “golden arch” restaurant brand accepts $DOGE cryptocurrency from customers, Musk will eat a Happy Meal on camera.
“I will eat a happy meal on tv if @McDonalds accepts Dogecoin” tweeted Elon on the 25th of January last year.
This year in 2023, twitter user DogeDesigner (@cb_doge), questioned the automotive & tech industries Billionaire in a tweet to see if he was still holding the agreement open on his end.
Elon Musk confirmed ‘Adopting Dogecoin For Happy Meal Commercial‘ deal still open
“100” replied Elon to the tweet. A new-age slang for ‘yes’ and that his word is 100% true.
This reply has created a massive frenzy that’s growing in virality. Over 245,000 people have liked the response. The retweet count is surging towards 900, while over 6600 have liked the ‘100’ tweet from Tesla’s boss.
McDonald’s Stock Price Prediction
If McDonald’s was to accept the offer, the company’s stock value would likely surge immediately. Currently valued at US$267.79, shares could pump past $315 before a correction.
Along with that, it could lead to hundreds of thousands of cryptocurrency users driving to their local McDonald’s to show support for real-time commerce use of crypto. A major ‘refacing’ of the brand in terms of current ‘trendiness’ with Generations Z and Alpha.
$DOGE Price Prediction
As for Dogecoin, the token itself would likely surge even further in value than McDonald’s (MCD) stock price. Currently $DOGE is valued at US$0.092 cents. Such a well recognized global brand accepting the coin should help push it back to its All-Time High. It once reached US$0.72 on May 7th in 2021.
Why would coin pass previous ATH?
The deal itself would not trigger the climb. However, it’s likely the large crypto-user support would generate millions for McDonald’s. Not just a few million, but tens-of-millions of dollars in a fiscal year if not hundreds. The sales figures would be publicized globally and create an instant interest in accepting cryptocurrency users’ money elsewhere.
In layman’s terms, smaller companies would likely leap to follow McDonald’s adoption of crypto and bigger companies would come later, as the fiscal year reports are published.
As for now, Dogecoin ($DOGE) is still fighting resistance at the price of 9-cents (USD). As all other traded commodities it has been heavily affected by the global recession, Russia & Ukraine war, the pandemic, employment issues, and even the FTX scandal.
More on the story as soon as McDonald’s makes a move.