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Dallas Mavericks owner Mark Cuban said on Sunday that the price of Dogecoin (CRYPTO: DOGE) “will definitely” hit the $ 1 level if transactions with the fan-prank cryptocurrency keep the momentum going.
What happened: The “Shark Tank” investor took to Twitter to reveal that Mavericks is now the world’s largest DOGE merchant.
The @dallasmavs have made more than 20,000 #Dogecoin in transactions, making us the BIGGEST #DOGECOIN MERCHANT IN THE WORLD! We thank you all and can only say if we still sell 6,556,000,000 #DOGECOIN Mavs merch value, #dogecoin will definitely hit $ 1 !!!
– Mark Cuban (@mcuban) March 6, 2021
Why is this important: Last week, Cuban said Mavericks would accept DOGE as payment “because we can.” Basketball team tickets and merchandise then began to be sold for the Shiba-Inu-themed cryptocurrency.
There is an outstanding supply of nearly 128.664 billion DOGEs, according to data from CoinMarketCap.
DOGE traded 11.13% higher at $ 0.054 at press time. The apex cryptocurrency, Bitcoin (CRYPTO: BTC) was up 1.98% to $ 50,526.12.
In February, Cuban said DOGE was not a “bad look” for cryptocurrencies, although many expressed their displeasure at Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s frequent tweets about cryptocurrency joke.
Hedge fund manager Michael Novogratz said last Thursday that Cuban “was making a mistake” by letting people pay with DOGE. “He would be better off with 15 other different ways to pay for his tickets,” Novogratz said.
Benzinga has contacted the Mavericks for further details on Dogecoin transactions. A response was expected at the time of publication.
Read more: Dogecoin Co-Founder Says He Can’t ‘Understand’ Crypto Joke Calls He Created In 3 Hours To Make $ 1
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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