IN-N-OUT BURGER Considers Allowing DOGE As Payments

• IN-N-OUT BURGER, a famous burger joint, has asked whether they should accept DOGE as payment. 
• Dogecoin replied to the burger joint tweet in a playful manner, “Does a bear in the woods?” 
• If IN-N-OUT BURGER accepts DOGE as payment, the price of Dogecoin will surge to around $0.4. 

IN-N-OUT BURGER, a famous drive-through burger chain on the western coast of the United States sparked enthusiasm on X by asking if they should accept Dogecoin as payment. The official Dogecoin account replied to the tweet playfully, “Does a bear in the woods?”— it is a cheeky way of replying, “Yes, obviously!” 

IN-N-OUT BURGER

The burger joint was first established on October 22, 1948, in California by Harry Snyder and his wife, Esther. After many decades of development, that single store was transformed into 400 stores in eight different states: California, Nevada, Arizona, Utah, Texas, Oregon, Colorado, and Idaho. Furthermore, still family-owned, IN-N-OUT BURGER has managed to keep its commitment to quality and freshness.    

If the burger joint were to accept Dogecoin as payment, it could create significant buzz among youngsters and tech-savvy customers, thereby improving their business. Additionally, this adoption could also boost DOGE’s credibility as a mainstream financial payment method. 

DOGE’s Price Analysis

At the time of writing, Dogecoin is trading at $0.32, a one-day increase of 1.30%. The coin has a market cap of $47.17B and a trading volume of $3.47B. Technical indicators like the Relative Strength Index and Moving Average Convergence Divergence indicate a short-term bearish trend for the coin. The RSI value of 37.55 indicates a neutral momentum, and the MACD line below the signal line represents a bearish trend.    

According to Coinglass, Doge has an Open Interest of $2.04B, an increase of 5.01%, and a Long/Short ratio of 0.9747. In the last 24 hours, about $9.14M was liquidated, and based on the DOGE Exchange Liquidation Map, long positions outweigh short positions. Nearly $120M worth of long positions are at $0.2866, and at a price of $0.3558, about $85M short liquidation positions are situated. If IN-N-OUT BURGER accepts DOGE as payment, the price will increase, liquidating the short positions and bringing the price of the coin to around $0.40. 

The exchange between IN-N-OUT BURGER and Dogecoin on X has sparked excitement among crypto enthusiasts and fast food fans. This could mark a significant step in the adoption of cryptocurrencies by retail businesses. Furthermore, this could not only enhance the appeal of the burger joint but also boost Dogecoin’s credibility.