Dallas Mavericks Owner Mark Cuban Can See Dogecoin Hit $1
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Dallas Mavericks Owner Mark Cuban Can See Dogecoin Hit $1

March 8, 2021      Deepshikha Gupta

In a tweet on Saturday, Dallas Mavericks owner Mark Cuban mentioned that customers had used more than 20,000 Dogecoin, estimating around $1,018 at the time of publication. According to him, the token price will definitely hit $1 if basketball fans purchase 6,556,000,000 DOGE worth of Mavericks merchandise. 

Mark Cuban Tweet on DOGE

The tweet is on board after three days of accepting Dogecoin (DOGE) as a modus of payment.  Mark Cuban claimed that the franchise is now “the largest Dogecoin merchant in the world.” The billionaire predicted that if basketball fans were to purchase 6,556,000,000 DOGE worth of Mavericks merchandise, the price of the token would “definitely hit $1.”

Undeniably, the fact that the Mavericks is one of the first NBA franchises to recognize crypto as a form of payment for tickets and merchandise. They also started accepting Bitcoin BTC through wallet company BitPay two years ago. 

The company has provided options to pay for gear and souvenirs with USD Coin (USDC), Gemini dollar (GUSD), Bitcoin Cash (BCH), Paxos Standard (PAX), and Binance USD (BUSD). 

Dogecoin (DOGE) Price Surge

Despite being created as a joke, the token has shown an overflow in prices in the last few months, as billionaires including Tesla CEO Elon Musk and Mark Cuban have mentioned the token on social media.

Musk’s tweets have likely contributed to the price of the token rising from $0.01 in January to an all-time high of $0.077333. At the time of writing, the DOGE price is $0.0515, meaning the token would need to surge approximately 1,864% to reach $1.

The Dallas Mavericks owner previously described DOGE as an “economics teaching tool,” stating that the “best entertainment bang for your buck available” on the crypto market. Even after the surge in Dogecoin payments for the basketball franchise, the investor in more than hundreds of successful companies, Cuban said he is still “having fun” and hasn’t changed his standpoint about the token.

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Deepshikha Gupta
Deepshikha Gupta

A student from a technical background, Deepshikha found Bitcoin in 2020 and has been an evangelist ever since. A B.Tech turned into a full-time crypto-writer, she tries to bridge the gap that currently exists between the crypto world and people from non-technical backgrounds, through her simplistic yet effective form of writing. She finds that her writing for cryptocurrencies can redefine the way the audience interacts with the crypto space.