- Mark Cuban mentioned the Dallas Mavericks at the moment are the biggest Dogecoin service provider on the earth.
- The NBA basketball workforce has carried out greater than 20,000 Dogecoin transactions, the billionaire mentioned.
- The investor mentioned if his workforce sells merch price one other 6.5 billion Dogecoin, the token’s worth might hit $1.
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Billionaire Mark Cuban announced on Saturday the Dallas Mavericks have accomplished greater than 20,000 transactions in Dogecoin, making his NBA workforce the biggest service provider of the meme-based cryptocurrency.
The “Shark Tank” host mentioned if his workforce sells merchandise price one other 6.5 billion Dogecoin, the digital asset’s worth might hit $1. Dogecoin was final buying and selling 8% increased at $0.055 per coin on Monday.
Cuban tweeted: “The @dallasmavs have completed greater than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE WORLD ! We thank all of you and may solely say that if we promote one other 6,556,000,000 #DOGECOIN price of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!”
The legendary investor’s announcement got here two days after he advised DealBook the NBA’s Mavericks would begin accepting Dogecoin as fee for tickets and merchandise. “Generally in enterprise it’s important to do issues which might be enjoyable,” he mentioned, explaining the workforce’s resolution.
Solely a month in the past, Cuban mentioned Dogecoin has “no intrinsic value” however he purchased some for his son anyway for instructional causes. “It provides you a greater probability of profitable than a lottery ticket, all whereas instructing the economics of provide and demand and introducing individuals to crypto property,” he mentioned.
Dogecoin has bought recent boosts from billionaire Elon Musk, rockstar Gene Simmons, and rap legend Snoop Dogg. The Tesla founder sent its price soaring 25% in February when he tweeted “actually” together with a picture of the meme-famous Shiba Inu canine. Musk posted one other positive tweet in regards to the asset over the weekend, saying: “Doge spelled backwards is Egod.”