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Restaurant firm McDonald’s Corp 
MCD has large model recognition globally because of the launch of latest meals objects and advertising initiatives that embody partnerships with celebrities and athletes, as well as television commercials.
The corporate may see one in every of its greatest advertising pushes ever if it decides to take a problem issued by billionaire Elon Musk.
What Occurred: Meme cryptocurrency Dogecoin is surging again in early 2024, which got here three years after the crypto loved one of the talked about years in cryptocurrency historical past.
In 2021, Dogecoin hit all-time highs and loved catalysts that included tweets from Musk, Mark Cuban and corporations similar to Slim Jim utilizing Doge in advertising supplies.
Over the previous three years, extra retailers have begun accepting Dogecoin for payment for merchandise, together with Tesla.
One retailer that has not launched mass acceptance of Dogecoin but is McDonald’s, one of many largest restaurant corporations on the planet.
Musk supplied a problem to McDonald’s in January 2022 to assist push the restaurant firm to simply accept Dogecoin as a fee possibility. Musk mentioned that he would eat a Comfortable Meal on tv if McDonald’s firm accepted Dogecoin as a fee possibility.
The tweet from Musk got here as hypothesis grew that McDonald’s was planning to simply accept Dogecoin, which turned out to be unfaithful.
Musk confirmed once more in 2023 that he was nonetheless open to the problem if McDonald’s did their half.
The Tesla CEO is the richest individual on the planet and probably the most adopted individual on social media platform X, previously often called Twitter. An occasion of Musk consuming a Comfortable Meal may very well be proven on tv or livestreamed on X and may very well be one of the talked about occasions in restaurant and cryptocurrency historical past of the previous decade.
The Comfortable Meal was launched globally by McDonald’s in 1979 and has been one in every of its greatest hits. The merchandise is out there as a meal possibility for youths with an entrée similar to a burger or rooster nuggets, a youngsters’ french fries, apple slices, a beverage and a toy.
McDonald’s taking issues a step additional and together with some sort of Tesla toy or a Tesla-related model of the grownup Comfortable Meal may make the advertising occasion even bigger.
Here is a take a look at how Dogecoin has carried out since Musk first issued the problem.
Associated Hyperlink: How To Purchase Dogecoin (DOGE)
Investing $100 in Dogecoin: An investor may have speculated on Dogecoin based mostly on the tweet from Musk with the meme crypto seemingly heading larger if McDonald’s and Musk adopted by means of with accepting the cryptocurrency and Musk consuming the Comfortable Meal.
A $100 funding on the time of Musk’s tweet may have bought 691.89 DOGE based mostly on a worth of $0.144532 on the time.
The $100 funding could be price $120.94 in the present day based mostly on a worth of $0.1748 for Dogecoin on the time of writing.
This represents a return of +20.9% over the past two years. Whereas the achieve is comparatively small it comes with the potential of the occasion nonetheless truly taking place, which may act as a catalyst.
The funding in Dogecoin additionally outperformed the restaurant inventory over the identical time interval.
A $100 funding may have purchased 0.3960 McDonald’s shares on the similar time. The $100 funding could be price $114.92 in the present day, trailing the return of Dogecoin.
Learn Subsequent: 2021 Was The Yr Of Dogecoin: A Month By Month Retrospective With High Tales
Picture created utilizing synthetic intelligence with MidJourney.
© 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
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