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June 27, 2022
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Doge rises 80% and reaches new ATH: Mark Cuban says Dallas Mavs will never sell Dogecoin

Dogecoin enters the Top 10 and marks a new ATH at $ 0.14 with celebrity adoption continuing.

A month after the Dallas Mavericks started accepting DOGE payments for tickets and other products, the team’s owner, Marck Cuban, said they have collected more than 120,000 DOGE in merchandise and have promised to hold the meme currency.

In addition, celebrity adoption continues with Guy RainTateur from USA Fieri. As a result, Doge skyrocketed by almost 80% in one day to a new high of approximately $ 0.14.

Mavs and DOGE

After the fever around the Shiba Inu coin, perhaps started by Tesla’s Elon Musk, numerous celebrities entered the world of DOGE. The billionaire investor and star of the Shark Tank was among them. He went even further, implementing payments to DOGE for tickets and merchandise for his NBA team – the Dallas Mavericks.

At the time, Cuban emphasized the question of why his team chose DOGE: “because we can”.

Earlier today, Cuban provided an update on how the DOGE initiative is going on his Twitter account, indicating that the Mavs were selling “more than 122k doge in merchandise”. In addition, he promised that “we will never sell a single doge.”

Doge reaches DOGE

History shows that meme currency is prone to massive sudden price spikes after endorsements. So far, the influence of Elon Musk impacted most of the token value.

However, he has been insufficiently silent on the subject now. However, Doge has skyrocketed by more than 70% in the past 24 hours.

The asset traded below $ 0.085 yesterday, but the impressive increase took it to new highs. As a result, Doge broke his previous ATH and set a new record at just $ 0.14.

In addition, CoinMarketCap data shows that Dogecoin’s market capitalization of almost $ 17 billion has exceeded ChainLink’s, and DOGE is currently the tenth largest cryptography by that metric.

Source: CryptoPotato

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