Dallas Mavericks Continues to Accept Dogecoin as Payment Method
Mark Cuban, owner of the Dallas Mavericks, has confirmed that the NBA team still accepts Dogecoin (DOGE) as a payment method. This integration was announced in March 2021 when BitPay integrated Dogecoin payments for merchants and consumers. The Dallas Mavericks were one of the first sports teams to partner with a cryptocurrency, demonstrating their early adoption of crypto.
DOGE as a Payment Medium
In addition to Bitcoin, which became a payment method for the Mavs in 2019, the acceptance of DOGE allows fans to use Dogecoin to purchase game tickets and merchandise online. This expands accessibility to Mavs gear for their supporters.
Meme’s Growth Potential in Price
As of now, Dogecoin is trading at approximately $0.0812 with a 24-hour increase of 3%. However, its 30-day performance shows a decline of 10%. Over the past 180 days, it has seen a modest increase of 2.85%. The circulating market cap of DOGE stands at $11.57 billion.
Meme Coin’s Utility and Integration
The continued acceptance of Dogecoin in 2024 sparks discussions about its growth potential. Elon Musk’s recent mention of X’s integrated payments feature brings renewed attention to Dogecoin’s utility and integration into the payment ecosystem. Furthermore, DOGE has gained popularity in India, surpassing BTC in terms of investments within the 26-35 age group.
Hot Take: Dogecoin’s Impact on Crypto Adoption
Despite its price volatility, Dogecoin’s acceptance by prominent entities like the Dallas Mavericks showcases its impact on crypto adoption. The integration of meme coins into mainstream payment methods highlights the evolving landscape of digital currencies and their growing acceptance in various industries.
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