The popular investor and owner of the Dallas Mavericks NBA team Mark Cuban said on Sunday that the price of Dogecoin (DOGE) “will definitely hit” $1 if the transactions with the coin retain this momentum.
Known for his appearance at the “Shark Tank” show, the investor took to Twitter to share his excitement about DOGE and reveal that Mavericks are now the team that is also the largest DOGE merchant in the world.
The @dallasmavs have done more than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE WORLD ! We thank all of you and can only say that if we sell another 6,556,000,000 #DOGECOIN worth of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!🚀🚀🚀
— Mark Cuban (@mcuban) March 6, 2021
Cuban made a big splash in the Dogecoin news with his statement. While last week he said that Mavericks would accept DOGE as a payment “because we can,” the stimulus continued when the basketball team’s tickets and merchandise began to be sold for the Shiba-Inu-themed cryptocurrency.
We can see that there is a supply of more than 128,000 DOGE, according to data online. The cryptocurrency has been surging lately and Mark Cuban said that the $1 mark is definitely something that is reachable.
In February 2021, Cuban said that DOGE was not a “bad look” for cryptocurrencies as many expressed displeasure at the Tesla CEO Elon Musk, who has been favoring and tweeting about the joke-inspired cryptocurrency for months.
Another one to pop in the crypto news at the right time was the hedge fund manager Michael Novogratz, who last Thursday mentioned that Cuban is “making a mistake” by letting people pay with DOGE. As Novogratz said, “He’d be better off with 15 other different ways to pay for his tickets.”
Currently, DOGE sits on the 14th place on the total cryptocurrency market cap list, with a price of $0.05 and a good increase of more than 6% over the past 24 hours. On a weekly basis, Dogecoin is up by more than 10% and currently has a market cap of $6.43 billion. Analysts are now bullish at DOGE and while seeing its price movements up, they think that this could be the week when the coin finally reaches the $0.06 and $0.07 price points.
If DOGE surges this week and comes close to the price of $0.1, it could be a significant milestone in the journey to $1. A move like this will likely push the coin upwards and potentially in the top 10 leading cryptocurrencies by market cap.
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