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Why is 'Accept Doge' trending on Twitter today?

Benzinga Real-time News ·  Jan 27, 2022 04:24  · Trending

The hashtag "Accept Doge" is trending on social media platform Twitter in the United States on Thursday.

What Happened: The hashtag started trending amid the buzz surrounding $Tesla(TSLA.US)$ CEO Elon Musk's request to fast-food chain $McDonald's(MCD.US)$ to accept Dogecoin (CRYPTO: DOGE) as a form of payment.

The Doge community urged one another on Twitter to get the hashtag trending.

One Dogecoin fan noted happily that McDonald's and its rival $Restaurant Brands International(QSR.US)$ unit BurgerKing were fighting over the cryptocurrency.

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Dogecoin co-creator Billy Markus also joined in, saying that while he was no Elon Musk, he will retweet to get the hashtag trending.

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Why It Matters: McDonald's had responded to Musk's tweet by saying, in jest, that it will accept the billionaire's request if Tesla began accepting a made-up coin called "Grimace Coin" that features the McDonaldland mascot Grimace.

Rival Burger King swooped in to get its share of the DOGE community's affection, with a tweet saying "only a king knows what da coin can do."

Not wanting to be left behind, MrBeast Burger told Musk in a tweet that it will "work on" accepting Dogecoin if the latter retweeted its post. The fast-food chain is owned by popular YouTuber Jimmy Donaldson, who goes by the MrBeast moniker.

The Dogecoin and Shiba Inu (CRYPTO: SHIB) communities have been clamouring for McDonald's and other fast-food chains to accept the two cryptocurrencies as payment options.

Price Action: Dogecoin is down 2.9% during the past 24 hours, trading at $0.1412 at press time.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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