Dallas Mavericks proprietor Mark Cuban stated on Sunday that the value of Dogecoin (CRYPTO: DOGE) “will certainly hit” the $1 stage if transactions with the joke cryptocurrency by followers retain the momentum.
What Occurred: The “Shark Tank” investor took to Twitter to disclose that Mavericks was now the biggest DOGE service provider on this planet.
The @dallasmavs have finished 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 value of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!
— Mark Cuban (@mcuban) March 6, 2021
Why It Issues: Final week, Cuban stated Mavericks would settle for DOGE as payment “as a result of we are able to.” The basketball crew’s tickets and merchandise then started to be bought for the Shiba-Inu-themed cryptocurrency.
There’s a circulating provide of almost 128.664 billion DOGE, based on CoinMarketCap knowledge.
DOGE traded 11.13% greater at $0.054 at press time. The apex cryptocurrency, Bitcoin (CRYPTO: BTC) traded 1.98% greater at $50,526.12.
Hedge fund supervisor Michael Novogratz stated final Thursday that Cuban is “making a mistake” by letting individuals pay with DOGE. “He’d be higher off with 15 different other ways to pay for his tickets,” stated Novogratz.
Benzinga contacted the Mavericks for additional particulars on Dogecoin transactions. A response was awaited as of press time.
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