Mark Cuban, a billionaire entrepreneur, and investor, on Tuesday, 27th of April, spoke about $DOGE in an interview with The Ellen DeGeneres Show. Cuban is one of the major stakeholders of Dallas Mavericks, a professional basketball club, and also an owner of the sharks in Shark Tank, a famous reality show that is aired publicly on the ABC TV Network.
Here are the words of Cuban to the host of the show about Dogecoin:
“$DOGE is a crypto that was sarcastically created in 2013 by two computer programmers. In just two years of creation, the meme coin became the topic of discussion online and acquiring it. And perhaps, in just about six months of acquisition, the price picked a rocket race up.”
“Here is an illustration,” he said, “My 11-year-old son and I purchased the coin worth $30 at a price less than a penny. When the price went up, we were at around 40 cents, and then currently, the price is at $26. The pertinent question is, “Can we take Dogecoin as a good investment?”
He continued, “The reason I got my son, Jake, into the investment is not that it is the best investment necessarily to be made but first, signing up and trading the coin on Robinhood is free of any cost. Secondly, the price of the coin is about 26 cents now, and a 10, 15, 20 dollars investment would be a better bet on the coin. It is much better than purchasing a lottery ticket. On another view, if the price doesn’t rise, there are stores like Mavericks Store and others coming soon that would accept the coin for payment checkout, which makes it a digital currency.”
For me, generally, it might not be the best investment in the world, but it’s a great investment, much better than investing in lottery tickets. It is also a good way to learn the rudiments of cryptocurrency.”
Increasing Adoption inform Trust and Confidence
It is very good to point out that on April 4, BitPay, a cryptocurrency payment processor released a press that Dogecoin has been added to the list of acceptable coins on the platform for payments, which will make Dallas Mavericks be among the first to accept Dogecoin.
The CEO of BitPay, Stephen Pair, then said concerning Dallas Mavericks:
“Dallas Mavericks are known as pro-crypto and are setting up new opportunities to sell merchandise and tickets to their fans. I believe that with the continuation of crypto adoption, the industry will reach an inflection point of trust, confidence for users.”
Currently, the price of $DOGE is 0.2640 after a 2.08% fall in the last 24 hours.