After just three days accepting Dogecoin (DOGE) as a form of payment, Dallas Mavericks owner Mark Cuban predicts that the token’s price will eventually hit $ 1.
In a tweet on Saturday, Cuban said that customers had used more than 20,000 Dogecoin, roughly $ 1,018 at press time, in transactions for the Dallas Mavericks, claiming that the franchise was now “the largest Dogecoin merchant in the world.” . The billionaire predicted that if basketball fans bought 6,556,000,000 DOGE worth of Mavericks merchandise, the price of the token would “definitely hit $ 1.”
The @dallasmavs have made more than 20,000 #Dogecoin in transactions, making us the WORLD’S LARGEST #DOGECOIN MERCHANT. We thank everyone and can only say that if we sell another 6,556,000,000 of Mavs merchandise worth #DOGECOIN, #dogecoin WILL DEFINITELY EARN $ 1 !!!
– Mark Cuban (@mcuban) March 6, 2021
The Mavericks were one of the first NBA franchises to recognize cryptocurrencies as a form of payment for tickets and merchandise, having started accepting Bitcoin (BTC) through the BitPay wallet company two years ago. Mavericks fans can also pay for gear and souvenirs with Bitcoin Cash (BCH), USD Coin (USDC), Gemini dollar (GUSD), Paxos Standard (PAX), and Binance USD (BUSD).
Despite being created as a hoax, DOGE has exploded in recent months as billionaires including Cuban and Tesla CEO Elon Musk have mentioned the token on social media. Musk’s tweets likely contributed to the token’s price rising from $ 0.01 in January to an all-time high of $ 0.078. At press time, DOGE’s price is $ 0.0509, which means that the token would need to increase 1.864% to reach $ 1.
The owner of the Dallas Mavericks previously described DOGE as an “economics teaching tool,” calling the token the “best entertainment for your money available” in the cryptocurrency market. Even with the increase in DOGE payments for the basketball franchise, Cuban said he was still “having fun” and has not changed his views on the token.
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