Tesla's CEO Elon Musk, who has repeatedly been quite vocal about his undying love for Dogecoin, has again tweeted in favour of it. And just like previous instances, a flurry of reactions has poured in.
Just a couple of days ago, on January 25, 2022, Elon Musk tagged McDonald's in a tweet and stated that he will eat a happy meal on TV if they accepted dogecoin for payment.
Also Read:?Dogecoin Price Surges After Elon Musk Says Tesla Will Accept It For Merchandise Payment
On January 26, 2022, Mcdonald¡¯s replied with a tweet signalling that it would accept dogecoin if Tesla accepts grimacecoin.
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And this was enough to let the crypto craze get restarted.
Almost immediately after this tweet by McDonald's, at least 10 ¡®grimacecoins' popped up on the Binance Smart Chain Network, according to CoinDesk. One of these coins which called itself¡¯ grimacecoin¡¯, even had a professional-looking website within 24 hours of the initial tweet by McDonald¡¯s!
Although McDonald's hasn't openly knitted any connection with this new memecoin, the crypto market has already gathered enough material to make the Grimacecoin viral.
Way back in 2013, even dogecoin had started as a memecoin only. And this time it's grimacecoin.
Whenever a meme goes viral, someone will in all likelihood create a coin to capitalize on the hype, which results in mass purchasing of that coin. Although this shoots up the price quickly, it often drops dramatically as well.?
Nevertheless, this banter between McDonald's and Elon Musk seems to certainly build a lot of hype around this new memecoin. It would be a wait and watch game regarding what the road ahead looks like for this memecoin named 'Grimacecoin'.
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Besides Mcdonald¡¯s, there were a lot of other crazy reactions to Elon musk¡¯s Tweet, from the Twitter handles of Burger King, Dogecoin, Shibetoshi Nakamoto (creator of dogecoin), etc.
Elon Musk¡¯s offer came after McDonald's repeated engagement with the crypto community on social media, in the past few days.?
Last week, McDonald¡¯s responded to a Twitter user who asked them to accept dogecoin as payment.
Even McDonald¡¯s Twitter profile¡¯s currently pinned tweet is about crypto too.
?And that¡¯s not all !
The President of World¡¯s first country to legalize Bitcoin, El Salvador, conducted a poll three days back, asking if he should quit his job at McDonald¡¯s and open a Bitcoin Burger joint.
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Just like many other instances in the past when Elon Musk¡¯s tweets have rather toyed with the crypto market, this latest tweet by Musk, too, resulted in a surge in the memecoin¡¯s price.
Dogecoin¡¯s price rose up to 9% to about $0.14 v/s the previous day, following Musk¡¯s tweet.
Also Read:?5 Crypto Coins That Gave The Highest Returns In 2021
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