Dallas Maverick’s owner Mark Cuban says that the basketball team has become the largest dogecoin merchant in the world. He goes on to say that the team has carried out about 20,000 dogecoin transactions.
Mark Cuban is predicting the price of the famous dog meme coin, Dogecoin. he claims that doge will eventually hit $1. This happens barely a few days after he accepts the crypto as a form of payment.
In a recent tweet, Mark reveals that customers and fans have been using about 20,000 dogecoins to have transactions with his basketball team. This will amount to approximately $1018 as of the time of this news. These transactions have led to the title of the “largest Dogecoin merchant in the world”.
The American-based billionaire hopes that his basketball fans decide to purchase 6,556,000,000 DOGE worth of Mavericks merchandise. As a result of this action, the price of the token Dogecoin will “definitely hit $1.” Cuban is clearly being tongue and cheek about his ‘prediction’.
How It all started
It is only about two days ago since Mark Cuban put out an announcement about dogecoin payment. He said to Dealbook that his team will start collecting dogecoin as payment for the purchase of tickets and merchandise.
“Sometimes in business, you have to do things that are fun,” he said, clarifying the team’s reasons.
Also close to a month ago, the billionaire investor stated that Dogecoin has no intrinsic value. However, he buys some doge for his son due to educational reasons.
“It gives you a better chance of winning than a lottery ticket, all while teaching the economics of supply and demand and introducing people to crypto assets,” he said.
Facts about Mark Cuban
In 1999, the billionaire investor is known for creating a video portal alongside Todd Wagner. They later sold this video portal to Yahoo for about $5.7 billion.
He presently owns and runs the NBA’s Dallas Mavericks. In addition, he also has stakes in Magnolia Pictures, AXS TV, and dozens of small startups. Forbes put his value at about $23.4 billion as at the time this article is published.
This is a plus for the “people’s crypto” as celebrities are taking turns to show their support and interest for the meme coin. Right from the upgrade of dogecoin due to a series of tweets from Elon Musk. The coin also had recognition from celebs like rockstar Gene Simmons and Snoop Dogg.
The Tesla founder initiated the surge of dogecoin by 25% when he tweeted “literally” along with an image of the meme-famous Shiba Inu dog. Musk posted another positive tweet about the asset over the weekend, saying: “Doge spelled backwards is Egod.”