Mark Cuban predicts DOGECOIN price could reach one Dollar
March 8, 2021 11:25 AM
Dallas Maverick owner Mark Cuban thinks DOGE could reach $1 if the basketball club sells another 6,556,000,000 DOGE worth of Mavs Merch.
It's been less than a week after accepting Dogecoin as a means of payment, the investor and Owner of basketball club Dallas Mavericks has predicted the price of DOGE could hit $1.
Cuban went on social media and tweeted that customers had used more than 20k DOGE in transactions for the Dallas Mavericks estimated to be worth $1,120 at the time of publication. He also claimed that the franchise is now the largest dogecoin merchant worldwide.
The billionaire who is worth $4.3 billion according to Forbes predicted that if Dallas Mavericks fNs were to acquire 6,556,000,000 DOGE worth of Maverick merchandise, DOGE price will eventually hit $1.
Mark Cuban (@mcuban) March 6, 2021
Dallas Mavericks started accepting crypto payments two years ago making it the first NBA franchise to recognize cryptocurrencies as a payment method for tickets and merchandise. Dallas Mavericks fans can pay for gear and souvenirs using Bitcoin (BTC), Bitcoin Cash (BCH), USDC, and a few others.
Dogecoin was created as a joke, although it's now the largest crypto meme coin. DOGE has been worthless for a long time, but that seems to have changed after billionaires in a class of Tesla CEO Elon Musk and Mark Cuban have started liking the token and tweeting about it on their social media.
DOGE price has gone from $0.01 in January 2021, reaching an all-time high of $0.078. At the time of writing the token price is valued at $0.056, at this price the token would have to make a 1,790% increase to get to $1.
However, despite the success of DOGE as a payment method for the Maverick franchise, as most do with the meme coin, Cuban said he was still having fun with the token.