The Expansion of Dogecoin

howzat in #hive-167922 • 2 years ago

Coingate shares a list of retail businesses that accept Dogecoin "the meme coin" as a payment method which can help average users for their payment needs in Dogecoin. This shows the expansion in Dogecoin adoption.

The list includes several business spheres and companies from providing VPN services, VPS hosting, a seller of plane tickets etc.

Source

Coingate finally issued the names of different 2000 brands where Dogecoin could be utilized, that includes Airbnb, Nike etc.

Elon Musk's companies like Tesla, SpaceX and others are accepting Dogecoin as a merchandise.

As per a report Elon Musk made an offer to McDonald's if the food giant accepts Dogecoin, he would eat a happy meal. However, McDonald declined Musk's offer.

Let's see if McDonald's also could finally accept Elon Musk's offer as McDonald's is an international brand which could prove helpful in Dogecoin adoption on a larger scale.

Dogecoin is now trading at around $0.086 on coinmarketcap.com as of now I am writing this and is up by more than 5% in 7 days.

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2 years ago in #hive-167922 by howzat

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behiver 2 years ago

Dogecoin while it has its merits for the hype on crypto is in the end a shitcoin. I wouldn't understand why big businesses will ever invest in it, just maybe for pump-and-dump schemes. But this is not productive, nor it helps anyone as people will lose their minds, while speculative investors will earn big.

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magnacarta 2 years ago

Remember, Dogecoin is only the 2nd-ever shitcoin. The first-ever shitcoin is BITCOIN.

It doesn't matter what we think of Dogecoin. What matters is what others think of Dogecoin. As long as there are people willing to transact in DOGE, then DOGE will have a secure place in cryptocurrency.

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magnacarta 2 years ago

As per a report Elon Musk made an offer to McDonald's if the food giant accepts Dogecoin, he would eat a happy meal.

Just one Happy Meal? That's not a good return on investment for McDonald's. He needs to come up with a better offer.

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magnacarta 2 years ago

Dogecoin is now trading at around $0.86 on coinmarketcap.com as of now I am writing this and is up by more than 5% in 7 days.

0.86? That would be the new ATH for DOGE, and we'd be seeing news about that all over the place (including here).

The movement you indicated is true, but at the moment DOGE is at USD 0.088.

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p1k4ppa10 2 years ago

Well Doge has made some impressive steps, if you think about how he was born and what his purpose was; however, I believe that it is a non-repeatable case with all shitcoins.

In any case, the more it is adopted, the better it is for us "cryptonauts"!

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