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Dogecoin Jumps 5% After Burger King Hints At Mysterious ‘BiteCoin’

Dogecoin (DOGE) appears to have reacted positively to Burger King UK’s recent tweet referencing an unknown coin that no one in the community appears to be aware of.

The popular fastfood chain’s UK branch caused a stir last week when it tweeted about wanting a “office doge,” in response to an unusual request by a cryptocurrency user for “We need doge.”

 

The Dogecoin community reacted quickly to the tweet, causing the price of this memecoin to skyrocket. Burger King UK caused a stir on Twitter over the weekend with a tweet that read, “brb I’m making BiteCoin.”

 

DOGE’s price has risen nearly 1.0% in the last 24 hours and 4.5% in the last seven days, according to the most recent Coingecko update. The fastfood giant’s tweet piqued the interest of Dogecoin enthusiasts, who had previously noticed the company’s references to “Doge.”

Burger King’s recent discussions about DOGE have sparked considerable interest, particularly among cryptocurrency enthusiasts hoping that the fastfood chain will begin accepting their preferred digital currencies. In a move that heightened interest in Dogecoin, Burger King Brazil announced in 2021 that its Dogpper dog snack would be available for purchase with the cryptocurrency. The fastfood giant then used an advertisement to promote the product across the country, giving Dogecoin even more exposure.

Later that year, Burger King and Robinhood teamed up to provide US customers with a crypto giveaway that included 20 Bitcoins, 200 Ether, and 2 million Dogecoins. Regardless of these crypto-friendly initiatives, it is unclear whether Burger King UK intends to allow customers to pay for meals with Dogecoin at its restaurants.

Dogecoin’s value recently skyrocketed after Twitter users noticed that their home buttons had been replaced with the popular Doge meme. DOGE increased by 35% in a week, demonstrating the level of influence that social media platforms can have on the market.

According to LunarCrush, a social analytics platform, Dogecoin had a busy week, with its average hourly social dominance rising to 7.54%, a significant increase of 212%. Furthermore, the average unique hourly social contributors increased by 381%, while total social engagements increased by 990% to 1.97 billion.

Analysts are confident that the latest turn of events will have a significant impact on Dogecoin’s growth trajectory, based on the positive response from Twitter users.

Indeed, many predict that DOGE will reach an all-time high before the end of the year, making this a thrilling time for the Dogecoin community.

 

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