After the Dallas Mavericks’ decision to accept Dogecoin as a form of payment last month, billionaire Mark Cuban seems to be trying to get other companies to consider using a meme-based coin as a form of payment. The famous billionaire, who is known for his support of DOGE and owns the Dallas Mavericks, recommended crypto money to Ellen at the Ellen DeGeneres Show, which he attended.
Cuban recommends popular meme coin DOGE to DeGeneres
Cuban said in a virtual interview with talk show host Ellen DeGeneres that Dogecoin may have started as a joke, but has now “evolved into a digital currency.” The owner of the Dallas Mavericks talked about the success of his basketball team store after accepting roken in March and recommended DOGE to DeGeneres. On top of that, DeGeneres said, “We will definitely do it. “I am interested in Dogecoin and I really want to know more about it.”
Regarding cryptocurrency and DOGE in particular, the talk show host later explained on Twitter that he was “not sure he understood or knew how to pronounce it, but it was absolutely hilarious.” cryptocoin.com As we reported, DeGeneres has released its non-fungible token (NFT) named “Woman with a stick cat” to raise money for Worldwide Central Cuisine.
Cuban: DOGE is an excellent way to understand crypto
Cuban predicted that the DOGE price could reach $1 if more people use the token to purchase Dallas Mavericks products. As of April 13, the basketball team accepted 122,000 Doges – roughly $32,757 at current exchange rates. In addition, sales increased by 550% compared to the previous month. Cuban used the following statements for DOGE:
I won’t say DOGE is the best investment in the world, but it’s much better than a lottery ticket. An excellent way to learn and begin to understand cryptocurrencies.
While Dogecoin has seen growth of more than 14,000 percent in a year, the price of the token has slumped below $0.30 since it surged above its all-time high of $0.70 in early May. At the time of writing, it is trading at $0.22 with a market cap of $29.2 billion.
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