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 said clients 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 most important Dogecoin service provider on the earth.” The billionaire predicted that if basketball followers had been to buy 6,556,000,000 DOGE value of Mavericks merchandise, the value of the token would “positively hit $1.”
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 value 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 recognize crypto as a type of cost for tickets and merchandise, having began accepting Bitcoin (BTC) by means of 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 Customary (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 seemingly contributed to the price of the token rising from $0.01 in January to an all-time excessive of $0.078. On the time of publication, the DOGE worth is $0.0509, which means the token would wish to surge 1,864% to achieve $1.
The Dallas Mavericks proprietor previously described DOGE as an “economics instructing device,” saying the token was the “finest leisure bang to your buck out there” on the crypto market. Even with the surge in DOGE funds for the basketball franchise, Cuban said he was nonetheless “having enjoyable” and hasn’t modified his opinions in regards to the token.