Just three days after adopting Dogecoin (DOGE) as a form of payment, Dallas Mavericks owner Mark Cuban expects that the token’s price will eventually reach $ 1.
In a tweet Saturday, Cobain said customers had spent more than 20,000 Dogecoin – about $ 1,018 at time of publication – on Dallas Mavericks transactions, claiming that the franchise is now “the largest Dogecoin seller in the world.” The billionaire predicted that if basketball fans bought $ 65.56 billion worth of Mavericks, the token would “definitely exceed $ 1”.
The Mavericks was one of the first NBA franchises to recognize cryptocurrencies as a way to pay for tickets and goods, after accepting Bitcoin (BTC) through their BitPay wallet company two years ago. Mavericks fans can also pay for gear and souvenirs with Bitcoin Cash (BCH), USD Coin (USDC), Gemini Dollars (GUSD), Paxos Standard (PAX), and Binance USD (BUSD).
Although DOGE was created as a joke, it has grown in recent months as billionaires, including Cuban president and Tesla boss Elon Musk, have mentioned the symbol on social media. Musk’s tweets likely contributed to the token’s price rise from $ 0.01 in January to a flat $ 0.078. At time of publication, DOGE is priced at $ 0.0509, which means the token should increase 1,864% to $ 1.
The owner of the Dallas Mavericks previously described DOGE as an “economic educational tool” and said the token is the “best entertainment offering” in the cryptocurrency market. Even with the increase in DOGE payments for the basketball series, Kubin said he is still “having fun” and hasn’t changed his mind about the code.