Dogecoin, the joke-born, meme-inspired cryptocurrency, continues to defy expectations. As interest in cryptocurrencies grows again, the Dallas Mavericks, backed by tech-savvy owner Mark Cuban, solidified their role as crypto pioneers by reaffirming their acceptance of Dogecoin as a payment method. This move sparked discussions about Dogecoin’s growth potential in 2024. Meanwhile, Cuban, one of the famous billionaires, held a question and answer event (AMA) in which he talked about INJ and MATIC altcoins. Here are the details…
Cuban talked about Dogecoin
Known for his active interaction with his fans, Cuban recently hosted an impromptu Ask Me Anything (AMA) session on X (formerly Twitter). Among the plethora of questions, one stood out: “Do Mavs still accept Dogecoin?” With a simple “Yes,” Cuban sent a clear message. So the Mavericks remain committed to meme money. This commitment is not new. Mavericks adopted Bitcoin as a payment method in 2019, but their decision to integrate Dogecoin in 2021 really caught the attention of the crypto community. By allowing “Mavs Fans for Life” (MFFLs) to use Dogecoin for online merchandise and ticket purchases, they have not only increased the accessibility of their equipment, but also brought Dogecoin into the mainstream as a valid payment option.
The impact extends beyond the arena. Dogecoin has surprisingly surpassed Bitcoin in terms of investments among the 26-35 age group in India, capturing 40% of the 19 million crypto investors in the country. This increase in popularity reveals the meme coin’s potential to disrupt the traditional financial landscape, especially among younger investors. However, Dogecoin’s price performance remains variable. It is currently trading around $0.08 with a 24-hour gain of around 4%, but its weekly and monthly performance fluctuates. Despite this volatility, Cuban’s continued support and Mavericks’ unwavering acceptance could contribute to Dogecoin’s long-term growth.
Cuban has INJ and MATIC in his portfolio
It is worth noting that Cuban’s portfolio is not limited to Dogecoin. In his last AMA, he expressed his preference for Polygon and Injective, emphasizing his different approach to cryptocurrency. He also warned listeners about the risks inherent in investing in crypto assets. While Cuban remains cautious about tokenizing sports teams and NFTs, his continued acceptance of Dogecoin shows his belief in its potential. Mavericks’ pioneering spirit has undoubtedly influenced other organizations to explore cryptocurrency integration, paving the way for wider adoption.
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