Dallas Mavericks owner Mark Cuban said on Sunday that the price of Dogecoin (CRYPTO: DOGE) “will certainly reach” the $ 1 level if transactions with cryptocurrency joke by fans keep the momentum going.
What happened: The Shark Tank investor accessed Twitter to reveal that Mavericks was now the largest DOGE trader in the world.
THE @dallasmavs made over 20,000 #Dogecoin in transactions, making us the BIGGEST #DOGECOIN WORLD TRADER! We thank everyone and we can only say that if we sell another 6,556,000,000 #DOGECOIN worth merch Mavs, #dogecoin WILL DEFINITELY REACH $ 1 !!!
– Mark Cuban (@mcuban) March 6, 2021
Why does it matter: Last week, Cuban said that Mavericks would accept DOGE as payment “because we can”. The basketball team’s tickets and merchandise began to be sold to the Shiba-Inu-themed cryptocurrency.
There is a circulating supply of almost 128.664 billion DOGE, according to data from CoinMarketCap.
DOGE has traded 11.13% higher at $ 0.054 so far. The peak of cryptocurrency, Bitcoin (CRYPTO: BTC) traded 1.98% more at $ 50,526.12.
In February, Cuban said DOGE was not a “bad look” for cryptocurrencies, although many expressed dissatisfaction with Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s frequent tweets about the cryptocurrency joke.
Hedge fund manager Michael Novogratz said last Thursday that Cuban is “making a mistake” in allowing people to pay with DOGE. “He would be better off with 15 other different ways to pay for his tickets,” said Novogratz.
Benzinga contacted the Mavericks for more details on the Dogecoin transactions. I was waiting for a reply until the moment of this publication.
Read on: Dogecoin’s co-founder says he can’t “understand” the links to the joke crypto he created in 3 hours to reach $ 1
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