Trading Price Of DOGE Records An 8% As Elon Musk Makes An Offer To Mcdonald’s

Dogecoin (DOGE), the largest meme coin has recently recorded a major boost in its trading price. This is because the investors are once again pumped up by the input of Elon Musk.

The CEO of Twitter and Tesla has recently made a move proving that he has not forgotten about Dogecoin at all. Instead, he has been planning something much bigger and promising for the meme coin.

Elon Musk Drifted Away

Throughout the year 2022, Elon Musk had been cut off from his most cherished company, Tesla, and even the Tesla shareholders complained about that.

This is because he had been involved in other activities that were mainly pertaining to Twitter and its acquisition. He continued selling shares of Tesla and that raised many concerns among the investors.

Similarly, Elon Musk hardly paid any attention to Dogecoin. This had the entire Dogecoin community worried and thinking if he was not willing to support the meme coin anymore.

Elon Musk is back

However, as the year 2022 was approaching its conclusion, Elon Musk made a comeback. He returned to Tesla and started to make a difference with his presence.

As of today, Tesla is doing too well in the market and its share prices are also making a huge comeback. The company has turned promising and the shareholders are glad that Musk is back.

Musk is focused on Dogecoin

Musk has just proven that he has not forgotten about Dogecoin and he is going to support it as much as possible.

He recently made a comeback for Dogecoin, which reportedly pushed the trading price of the meme coin to a higher level.

The reason the price of the asset was pushed was mainly that he made a tweet that was promising for the Dogecoin community.

The founder of Twitter recently confirmed that he had made an offer to McDonald’s. The offer still stands and if the fast food chain accepts it, then Dogecoin will have a moment to shine.

Deal Offered to McDonald’s

Elon Musk also tweeted about the offer that he had made to McDonald’s, which if accepted, would see Dogecoin accepted as a mode of payment.

He revealed that he had made a simple offer to McDonald’s asking them to accept Dogecoin. He stated that he had made them an offer about having a happy meal at McDonald’s.

He stated that he would have it on TV and if McDonald’s was down with it, they have to start accepting Dogecoin.

The offer was Initially Made in January 2022

Elon Musk tweeted that he had initially made an offer to McDonald’s back in January 2022. When he did that, the trading price of DOG was at $0.13.

Right after he made the offer, the trading price of DOGE shot up. It experienced a huge surge and was reportedly pushed up by 15%. This led to the trading price of DOGE getting pushed to a high of $0.15.

Unfortunately, the idea and the offer remained an idea and things never got to materialize. This is the reason why the rally ended as it was short-lived.

After a few days of the tweet, the trading price of DOGE started to decline and the Dogefather’s charm soon ended on the meme coin.

McDonald’s Approached Elon Musk

After almost an entire year, it is McDonald’s that has approached Elon Musk through Twitter. They reportedly tagged Elon Musk and asked him if the offer was still valid.

Musk did not waste any time and replied to them that he was open to the deal. All the Dogecoin community needed was to see the communication between Musk and the food chain, and they went crazy.

The investors started to rally in favor of Dogecoin and the trading price of the asset shot higher. Due to the strong input, the trading price of Dogecoin has continued to rise.

So far, the token has witnessed an 8% surge and its value has hit a 6-week high, getting pushed to a high of $0.092.