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Mark Cuban sees $1 written in DOGE’s tea leaves

03/07/2021

“If we promote one other 6,556,000,000 DOGE value of Mavs merch, Dogecoin will certainly hit $1,” mentioned the Dallas Mavericks proprietor.

After solely three days accepting Dogecoin (DOGE) as a type of fee, Dallas Mavericks proprietor Mark Cuban is predicting the value of the token will ultimately hit $1. 

In a Saturday tweet, Cuban mentioned 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 Mavericks had been one of many first NBA franchises to acknowledge crypto as a type of fee for tickets and merchandise, having began accepting Bitcoin (BTC) via pockets firm BitPay two years in the past. Mavericks followers may also pay for gear and souvenirs with Bitcoin Money (BCH), USD Coin (USDC), Gemini greenback (GUSD), Paxos Commonplace (PAX) and Binance USD (BUSD).

Regardless of being created as a joke, DOGE has surged in the previous few 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 educating software,” saying the token was the “greatest leisure bang on your buck accessible” on the crypto market. Even with the surge in DOGE funds for the basketball franchise, Cuban mentioned he was nonetheless “having enjoyable” and hasn’t modified his opinions in regards to the token.