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‘Provide And Demand Is Undefeated’: Mark Cuban Celebrates Dallas Mavericks’ Dogecoin Merch Gross sales

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NBA proprietor and entrepreneur Mark Cuban has been an outspoken supporter of cryptocurrencies and NFTs. Cuban shared ideas on this week’s run in meme cryptocurrency Dogecoin, in addition to some associated gross sales figures from the Dallas Mavericks.

What Occurred: In March, the Dallas Mavericks started accepting Dogecoin (CRYPTO: DOGE) as a type of fee. Cuban tweeted that the Mavericks’ gross sales in Dogecoin are up over 550{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} prior to now month. The crew has bought greater than $122,000 in merchandise for Dogecoin since accepting the crypto as a type of fee.

“I do know that provide and demand is undefeated. So it would discover its degree,” Cuban informed CNBC in regards to the rise within the worth of Dogecoin.

The Mavericks hit a 24-hour file for merchandise gross sales in Dogecoin, Cuban shared on Twitter.

“Doge retains going up, however our pricing at dallasmavs.store stays the identical,” Cuban stated.

Associated Hyperlink: If You Invested $1,000 In Dogecoin On Jan. 1, 2021, Right here’s How A lot You’d Have

Why It’s Vital: Cuban has supported Dogecoin whereas additionally acknowledging that the cryptocurrency was meant as a joke.

“If I had to decide on between shopping for a lottery ticket and #Dogecoin…I’d purchase #Dogecoin,” Cuban tweeted in February.

Cuban stated he didn’t wish to be requested about selecting Dogecoin over the rest although.

The NBA proprietor additionally purchased “a number of {dollars} value” of Dogecoin for his 11-year-old son in February.

Cuban has some confidence that Dogecoin will maintain going up or not less than gained’t fall an excessive amount of, because the Mavericks plan on holding.

Study extra: How To Purchase Dogecoin (DOGE) Proper Now

“We are going to by no means promote 1 single Doge ever. So Hold shopping for,” Cuban tweeted.

Value Motion: Dogecoin hit an all-time excessive of $0.4377 on Friday. Dogecoin was buying and selling at $0.303 on the time of writing. Dogecoin has a market capitalization of $39 billion, in line with AssetDash.com as of the time of writing.

Picture courtesy of Mark Cuban’s Instagram.

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