Fast-casual restaurant Chipotle has posted a picture with a giant Shiba Inu dog on top of one of its restaurants in an apparent reference to meme cryptocurrency Dogecoin.

The whimsical picture attracted plenty of attention on Twitter because of the fans of the largest canine coin.

As reported by U.Today, Chipotle recently announced that it would give away roughly $200,000 worth of cryptocurrencies as part of its new promotional campaign. Dogecoin fans can win up to $3,000 in their favorite cryptocurrencies until Saturday. On Sunday, $11,250 worth of DOGE will be up for grabs.  

The Denver, Colorado-based company started accepting Dogecoin, Shiba Inu, and a bunch of other cryptocurrencies in early June.

Last year, Chipotle launched its first crypto campaign called “Burritos or Bitcoin.”

Chipotle, a top Mexican fast-food restaurant chain, now accepts Shiba Inu, Bitcoin and other cryptocurrencies through the digital payments platform Flexa. This means of payment will be available in more than 2,975 Chipotle restaurants in the United States. Holders of cryptocurrencies can now spend their funds from any Flexa-enabled app on burritos, burrito bowls and more at any Chipotle restaurant in the United States.

Bitcoin, but make it **burritos.**

We’re delighted to share that @ChipotleTweets is now accepting payments in #bitcoin, #ether, #dogecoin, and more, exclusively through Flexa. https://t.co/W0ktwPX7i3

— Flexa (@FlexaHQ) June 1, 2022

Apart from Shiba Inu and Bitcoin, Flexa also supports 96 other cryptocurrencies, such as Cardano, Avalanche, Stella Lumens, Dogecoin and more. Acceptance of cryptocurrency at fast-food chains is not new.

U.Today previously reported on Shiba Inu now being accepted by thousands of restaurants in more than 65 countries as Lavu and Verifone announce a new collaboration.

In May, Lavu, a global restaurant software and payments solution provider, and Verifone, a payment solution provider, disclosed a cross-distribution partnership that will integrate Lavu’s restaurant software suite with Verifone’s payment solutions, thus allowing cryptocurrency payments.

Shiba Inu Metaverse and NFTs now boast 8,400 holders

Current #Shiboshis Stats:

10.0K Items
2.9K Owners
0.53 $ETH Floor Price
12.5K $ETH Total Volume

— MILKSHAKE (@shibainuart) June 1, 2022

ShibaInuart, a user dedicated to the Shiba Inu community, has shared recent statistics regarding SHIB: The Metaverse and Shiboshis. According to the report, the number of current landholders in SHIB’s Metaverse is 5,500, while that of Shiboshi is 2,900. Collectively, this makes up about 8,400 holders.

You want an update? We are activating the #Shiboshi Social Club on a secret mission for the Shib Collectible Card Game. See Discord for details. Also, this new Avatar is a 3D Shiboshi from the game. Finally to the fudders: BONK. #shibarmy pic.twitter.com/tTQJNOb6fE

— Shytoshi Kusama (@ShytoshiKusama) May 30, 2022

Shytoshi Kusama posted an update on the SHIB collectible card game on May 30: “We are activating the Shiboshi Social Club on a secret mission for the Shib Collectible Card Game.”… Also, this new Avatar is a 3D Shiboshi from the game.”

In the past week, Shiba Inu welcomed Marcie Jastrow and Sherri Cuono to its Metaverse team. Both will be bringing their wealth of experience to aid the growth of the SHIB: The Metaverse, which was officially launched at the end of March.

• Shiba Inu announced a new partnership with Welly’s blockchain-based fast-food chain in Naples, Italy. 
• The partnership with the Italian fast-food restaurant is Shiba Inu’s first step into the realm of real-world projects. 
• The team behind Shiba Inu revealed that the Shiba Inu community could take decisions for the project through Doggy Dao. 
• Analysts identify a chart pattern that signals a potentially explosive breakout in Shiba Inu price. 

Shiba Inu revealed a new partnership with fast-food chain Welly’s. This marks the first real-world use case for the Dogecoin-killer meme coin. Analysts have predicted a bullish impact on Shiba Inu price. 

Shiba Inu ventures into real-world with new partnership

Shiba Inu has found its way to the real world through its new partnership with an Italian fast-food restaurant chain. Welly’s has adopted blockchain technology and completed a full rebrand making Shiba Inu its mascot. 

The partnership boosts the utility of Shiba Inu through real-life transactions. Though Welly’s is not a centralized conglomerate, the brand accommodated a complete makeover to fit Shiba Inu’s ethos. The development team believes an adoption of the Shiba Inu technology stack will follow in the future. 

In association with Shiba Inu, Welly’s plans to expand and open multiple stores in 2022 and 2023, assuring higher utility and demand for SHIB tokens from this real-world application of the meme coin. 

In the blog post announcing the partnership, the Shiba Inu team quotes that SHIB is a method of payment at the fast-food chain and LEASH, Shiboshi holders would have exclusive access to discounts, rewards and other perks. 

The Shiba Inu community can participate in decision-making at Welly’s in its expansion through Doggy DAO and the purchase of NFTs. 

Shiba Inu is likely to gain popularity as a medium of exchange akin to Dogecoin with the new partnership. Investors are, therefore, bullish on Shiba Inu price and predict a bullish breakout in the Dogecoin-killer. 

Crypto analysts at the YouTube channel Ahead of the Trade have identified similarities between the current volatility and volume of Shiba Inu and that noted in October 2021. 

Analysts argued that the breakout in October 2021 was preceded by an extended period of consolidation, followed by a reduction in price volatility. Historically, periods of low volatility are followed by a breakout in Shiba Inu price. A similar price trend and volatility implies an explosive rally in Shiba Inu could be on the horizon. 

FXStreet analysts believe that Shiba Inu price could top out at around $0.00004. 

 

Tesla and SpaceX founder and CEO Elon Musk urged McDonald’s to accept Dogecoin as payment, posting a tongue-in-cheek dare on Twitter.

The pressure is on, with all eyes on the fast-food chain now, which, thus far, hasn’t been accepting crypto payments–outside of El Salvador.

Committing to a happy meal on tv

“I will eat a happy meal on tv if McDonald’s accepts Dogecoin,” wrote the self-proclaimed Dogefather on Twitter.

Musk’s dare caused the price of Dogecoin to jump over 6% in a matter of minutes.

The meme coin’s price witnessed a similar mini pump recently–shortly after Tesla announced accepting Dogecoin for merch payments.

Crypto investors on Twitter turned to memes and humor for easing the drama of the market downturn–president of El Salvador amongst them.

#NewProfilePic pic.twitter.com/YVDlBoA2Cq

— Nayib Bukele (@nayibbukele) January 22, 2022

Nayib Bukele recently changed his profile picture–joking about his next career if his Bitcoin plans fail to materialize.

McDonald’s responded on Twitter, acknowledging its brand becoming the hallmark of crypto market crashes.

how are you doing people who run crypto twitter accounts

— McDonald’s (@McDonalds) January 24, 2022

“How are you doing people who run crypto twitter accounts,” wrote the food chain, already entangled in another conversation on Twitter–the one about DOGE payments–spurred by Billy Markus, the founder of Dogecoin.

pic.twitter.com/RvLwLJABv6

— McDonald’s (@McDonalds) January 19, 2022

Pushing DOGE mainstream

Musk became broadly known for his open support of the meme coin in the past.

Recently he even argued that, although not the ideal currency system, it’s still fundamentally better than anything else he’s seen.

According to him, Dogecoin is poised for mainstream adoption due to low transaction fees and “having a much higher transaction volume capability than Bitcoin.”

A not-for-profit foundation formed by members of the Dogecoin team in 2014 was relaunched last year after several years of being inactive.

Leveraging support, advocacy, trademark protection and governance for the project, the Dogecoin Foundation was resurrected with some seasoned industry players as part of its board of advisors.

The group that meets monthly to discuss issues relating to Dogecoin is made up of Dogecoin founder Billy Markus, the project’s core developer Max Keller, Ethereum founder Vitalik Buterin and Elon Musk as represented by the head of the Musk’s family office, Jared Birchall.

End of last year, the foundation revealed big plans for Dogecoin in 2022–setting the focus on utility.