⇗ Trump's Bitcoin Burger Sparks Cryptocurrency Divergences with BurgerCities and Fast Food Chains
In a recent string of events, former US president Donald Trump took the spotlight in the cryptocurrency market by purchasing burgers with...
In the latest news from the world of cryptocurrencies, former US president Donald Trump has demonstrated a notable support for bitcoins by purchasing burgers at a bar in New York City. This unprecedented act is significant in the digital currency world, as he is the first ex-president to transact in this manner. Cryptocurrency, particularly bitcoins, are now brought further in the limelight, considering Trump's far-reaching influence. Despite this, the event raised concerns whether Web3, the decentralized internet powered by blockchain technologies, is ready for a wider audience.
Moreover, the event triggered an increase in burger-themed memecoins, one of them is the BURGER Coin. Furthermore, the popular fast-food chain, Burger King, has also dipped its toes in the cryptocurrency market in unique ways. Not only it launched its own cryptocurrency, the WhopperCoin, in Russia, it also started accepting Bitcoin as payment in Venezuela, and Dogecoin for dog food in Brazil. Similarly, a burger joint plans to use ApeCoin. However, a word of caution mentioned the launch of WhopperCoin as a potential marker for when the crypto bubble pops.
Moving to investment and price performance, BURGER Coin is among the top crypto gainers according to DEXScreener. Whether it becomes a more favourable alternative to other more expensive tokens is what investors await to determine. The relevance of the use of cryptocurrency in food services industry, as highlighted by Burger King, could impact BURGER Coin's price positively.
BURGER Coin News Analytics from Mon, 10 Feb 2014 08:00:00 GMT to Sat, 19 Oct 2024 07:00:00 GMT - Rating 5 - Innovation 4 - Information 7 - Rumor 1