Dogecoin and Shiba Inu rallied ahead of highly anticipated Super Bowl publicity blitz
To the delight of Dogecoin fans, Tesla CEO Elon Musk has added more grist to the McDonald’s rumor mill by tweeting the sweat droplets emoji at the official account of the fast-food giant.
The billionaire’s response came shortly after McDonald’s began teasing its subscribers with an announcement that appears to be scheduled for February 13.
Trader Cantering Clark saw the recent interaction between McDonald’s and Musk as a potentially bullish catalyst for Dogecoin, claiming that he went long on the popular meme coin.
He was certainly not alone. Dogecoin rose almost 9%, outperforming other major cryptocurrencies as Bitcoin continues to show anemic price action.
Rival Shiba Inu is also up more than 5% over the past 24 hours.
As reported by U.Today, Musk tweeted that he would eat a McDonald’s Happy Meal if the legendary fast food giant accepted the Dogecoin cryptocurrency.
McDonald’s, which has been an inspiration for crypto-related memes, nudged Tesla to accept Grimacecoin, a made-up cryptocurrency, in return. The response inadvertently led to the creation of another meme coin on the Binance Smart Chain.
Many thought the corny joke was the end of Musk’s efforts to get McDonald’s to accept Dogecoin, but the latest exchange on Twitter might indicate that theirs is more to come.
After the industry experienced massive growth in 2021, the cryptocurrency community is now preparing for a Superbowl ad blitz reminiscent of the peak of the dot-com era.
FTX, Coinbase and other top cryptocurrency companies are expected to run their ads tomorrow.
Some Dogecoiners are also speculating that the canine cryptocurrency could make an appearance, but co-founder Billy Markus is urging them not to become “pitchforky” if this doesn’t happen.
