Dogecoin surges 80%, entering the top ten coins by market cap to a new ATH of $0.14 as celebrity adoption continues and Mark Cuban says his basketball team will never sell the coin, as we can see more in our latest DOGE news.
A month after Dallas Mavericks started accepting DOGE payments for tickets and other products, Mark Cuban said that they have sold more than 120,000 coins in merch and vowed to hold the meme coin. The celebrity adoption is also rising as Guy Fieri also invested in it. As a result, Dogecoin surges 80% in one day to a new ATH of roughly $0.14.
FYI, the Mavs sales in @dogecoin have increased 550pct over the past month. We have now sold more than 122k Doge in merchandise ! 🚀🚀🚀 We will never sell 1 single Doge ever. So keep buying @dallasmavsshop https://t.co/li32cdtcED
— Mark Cuban (@mcuban) April 14, 2021
Following the massive craze around the coin, which was likely started by Tesla’s Elon Musk, other celebrities jumped on board as well and Mark Cuban was one of them. He went from implementing DOGE payments for tickets and merchandise for his NBA team at first and now is an even bigger supporter. At one time, he even answered the question of why his team chose DOGE with “because we can.”
Cuban provided an update on how the initiative is going on his Twitter account showing that the Mavs sold more than 122K DOGE in merch and he promised that he will never sell 1 single DOGE ever. Furthermore, the entrepreneur and Emmy Award-winning TV presenter Guy Fieri joined the craze by posting a picture of himself in a Shiba-Inu space suit with a comment “rolling out to the moon.”
History shows that the meme coin is prone to massive price spikes after the endorsement and so far, Musk’s influence has arguably impacted the token’s value the most. He has been quite silent so far but the coin skyrocketed in the past 24 hours by more than 70%. The asset traded below $0.085 but the impressive gains led it to new ATH marking a record high of $0.14. furthermore, the data from coinmarketcap shows that DOGE is nearly at $17 billion and surpassed Chainlink’s value by becoming the tenth biggest crypto by that metric.
As reported recently, According to recent reports, DOGE becomes the top performer in the first quarter of the year with the first three months being quite eventful for the crypto industry. While the central banks’ money printers worked non-stop, the trust eroded in the financial system and the exodus of retail and financial investors from the market flooded the crypto space as many looked to get protection against inflation.
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