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Mark Cuban sees $1 written in DOGE’s tea leaves

After solely three days accepting Dogecoin (DOGE) as a type of fee, Dallas Mavericks proprietor Mark Cuban is predicting the value of the token will finally hit $1. 

In a Saturday tweet, Cuban stated prospects had used greater than 20,000 Dogecoin — roughly $1,018 on the time of publication — in transactions for the Dallas Mavericks, claiming the franchise was now “the most important Dogecoin service provider on this planet.” The billionaire predicted that if basketball followers have been to buy 6,556,000,000 DOGE price of Mavericks merchandise, the value of the token would “positively hit $1.”

The Mavericks have been one of many first NBA franchises to acknowledge crypto as a type of fee for tickets and merchandise, having began accepting Bitcoin (BTC) via pockets firm BitPay two years in the past. Mavericks followers also can pay for gear and souvenirs with Bitcoin Money (BCH), USD Coin (USDC), Gemini greenback (GUSD), Paxos Commonplace (PAX) and Binance USD (BUSD).

Regardless of being created as a joke, DOGE has surged in the previous couple of months as billionaires together with Cuban and Tesla CEO Elon Musk have talked about the token on social media. Musk’s tweets have seemingly contributed to the value of the token rising from $0.01 in January to an all-time excessive of $0.078. On the time of publication, the DOGE value is $0.0509, that means the token would want to surge 1,864% to succeed in $1.

The Dallas Mavericks proprietor beforehand described DOGE as an “economics instructing software,” saying the token was the “greatest leisure bang to your buck obtainable” on the crypto market. Even with the surge in DOGE funds for the basketball franchise, Cuban stated he was nonetheless “having enjoyable” and hasn’t modified his opinions concerning the token.