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IN-N-OUT BURGER Considers Allowing DOGE As Payments
Fast-food giant IN-N-OUT BURGER has sparked excitement among cryptocurrency enthusiasts and burger lovers alike by posing the question, “Should we accept Dogecoin as payment?” on their official Twitter account. The official Dogecoin account responded in kind with a cheeky reply of “Does a bear in the woods?”
If IN-N-OUT BURGER were to accept Dogecoin (DOGE) as payment, it could have significant implications for the credibility and adoption of cryptocurrencies by retail businesses. By embracing DOGE, the popular burger joint would not only cater to its tech-savvy customer base but also contribute to the mainstream acceptance of digital currencies.
The news has sent shockwaves throughout the crypto community, with many speculating about the potential consequences. As a result, Dogecoin’s price surged by 1.30% in just one day, currently trading at $0.32. Analysts are predicting that if IN-N-OUT BURGER does decide to accept DOGE as payment, the price could potentially reach around $0.40.
Technical indicators suggest a short-term bearish trend for Dogecoin, with a relative strength index (RSI) value of 37.55 and a moving average convergence divergence (MACD) line below the signal line indicating a bearish trend. However, long positions currently outweigh short positions, with nearly $85M worth of short liquidation positions situated at a price of $0.3558.
The move would not only be a significant step in the adoption of cryptocurrencies by retail businesses but also a major coup for DOGE as it gains mainstream recognition.
Source: cryptotale.org
