Is Burger King UK Next in Line to Accept Dogecoin?

Sahana Kiran
Source – Unsplash

Prominent fast food chain, Burger King has been making quite some noise in the crypto-verse. Earlier this week, Burger King Paris revealed that it will start accepting cryptocurrencies for payments via Binance & Alchemy Pay. It looks like Burger King UK might follow suit as well. However, the fast food giant seems to have its eyes on one particular asset.

Burger King’s UK location responded to a post about Burger King Paris accepting Bitcoin and other cryptocurrencies with the fairly surprising comment, “We need doge.”

The crypto community was soon alerted by this inclination towards Dogecoin. An array of them stepped forward and urged Elon Musk to “eat a Burger King instead of a Happy Meal from McDonald’s” on TV. It should be noted that Musk promised to eat a Happy Meal on TV if McDonald’s accepted Dogecoin for payments. With Burger King embracing the meme coin, the DOGE community pushed Musk in a different direction.

Several even noted how they would prefer a “whopper over big mac” and will “gladly pay” the fast food chain in DOGE. It should further be noted that Dogecoin wasn’t the only cryptocurrency that garnered Burger King’s attention. The UK outlet was seen acknowledging several Floki Inu [FLOKI] related comments through replies. However, Burger King UK hasn’t confirmed or denied accepting the meme coin as of yet.

Dogecoin tries to inch closer to $0.08

Alongside the rest of the market, Dogecoin was recording a significant surge. At press time, the meme coin was trading for $0.07595 with a 4.69% daily rise. The asset jumped from a low of $0.07226 all the way to a high of $0.07673.

Source – DOGE/USDT Chart on TradingView

As seen in the above chart, there are three major levels of resistance in the DOGE market. The immediate one is at $0.0769 followed by $0.0774 and $0.0786. With increased buying sentiment, the possibility of DOGE breaching this line was further strengthened.

Additionally, the Relative Strength Index [RSI] indicator suggested that Dogecoin was being overbought at the moment. Thanks to this much-needed pump, Dogecoin holders in profit surged to 57% while those enduring a loss were at 34%.