After solely three days accepting Dogecoin (DOGE) as a type of cost, Dallas Mavericks proprietor Mark Cuban is predicting the value of the token will finally hit $1.
In a Saturday tweet, Cuban stated prospects had used greater than 20,000 Dogecoin — roughly $1,018 on the time of publication — in transactions for the Dallas Mavericks, claiming the franchise was now “the biggest Dogecoin service provider on this planet.” The billionaire predicted that if basketball followers had been to buy 6,556,000,000 DOGE price of Mavericks merchandise, the value of the token would “positively hit $1.”
The @dallasmavs have performed greater than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE WORLD ! We thank all of you and might solely say that if we promote one other 6,556,000,000 #DOGECOIN price of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!
— Mark Cuban (@mcuban) March 6, 2021
The Mavericks had been one of many first NBA franchises to acknowledge crypto as a type of cost for tickets and merchandise, having began accepting Bitcoin (BTC) by pockets firm BitPay two years in the past. Mavericks followers can even pay for gear and souvenirs with Bitcoin Money (BCH), USD Coin (USDC), Gemini greenback (GUSD), Paxos Normal (PAX) and Binance USD (BUSD).
Regardless of being created as a joke, DOGE has surged in the previous couple of months as billionaires together with Cuban and Tesla CEO Elon Musk have talked about the token on social media. Musk’s tweets have possible contributed to the value of the token rising from $0.01 in January to an all-time excessive of $0.078. On the time of publication, the DOGE value is $0.0509, that means the token would want to surge 1,864% to succeed in $1.
The Dallas Mavericks proprietor beforehand described DOGE as an “economics instructing software,” saying the token was the “finest leisure bang on your buck out there” on the crypto market. Even with the surge in DOGE funds for the basketball franchise, Cuban stated he was nonetheless “having enjoyable” and hasn’t modified his opinions in regards to the token.