- Mark Cuban stated the Dallas Mavericks are actually the biggest Dogecoin service provider on the earth.
- The NBA basketball staff has carried out greater than 20,000 Dogecoin transactions, the billionaire stated.
- The investor stated if his staff sells merch value one other 6.5 billion Dogecoin, the token’s value might hit $1.
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Billionaire Mark Cuban announced on Saturday the Dallas Mavericks have accomplished greater than 20,000 transactions in Dogecoin, making his NBA staff the biggest service provider of the meme-based cryptocurrency.
The “Shark Tank” host stated if his staff sells merchandise value one other 6.5 billion Dogecoin, the digital asset’s value might hit $1. Dogecoin was final buying and selling 8% larger at $0.055 per coin on Monday.
Cuban tweeted: “The @dallasmavs have carried out 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 value of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!”
The legendary investor’s announcement got here two days after he informed DealBook the NBA’s Mavericks would begin accepting Dogecoin as fee for tickets and merchandise. “Typically in enterprise you need to do issues which might be enjoyable,” he stated, explaining the staff’s resolution.
Solely a month in the past, Cuban stated Dogecoin has “no intrinsic value” however he purchased some for his son anyway for instructional causes. “It provides you a greater likelihood of successful than a lottery ticket, all whereas educating the economics of provide and demand and introducing folks to crypto property,” he stated.
Dogecoin has bought recent boosts from billionaire Elon Musk, rockstar Gene Simmons, and rap legend Snoop Dogg. The Tesla founder sent its price soaring 25% in February when he tweeted “actually” together with a picture of the meme-famous Shiba Inu canine. Musk posted one other positive tweet concerning the asset over the weekend, saying: “Doge spelled backwards is Egod.”