American Businessman’s Confirmation
Mark Cuban, an American businessman, has recently confirmed the ongoing acceptance of Dogecoin by the Dallas Mavericks team, adding significant momentum to the cryptocurrency. The news has fueled speculation on Dogecoin’s extended role in the market.
Growing Acceptance of DOGE
The Dallas Mavericks have a reputation for their active approach to cryptocurrency. Owned by Mark Cuban, the NBA team accepted Bitcoin as a payment method in 2019 and later switched to Dogecoin in March 2021. Cuban has recently confirmed the ongoing acceptance of Dogecoin as a payment method, highlighting the team’s commitment to diverse crypto options. DOGE also outpaces Bitcoin in India’s 26-35 age group, revealing widening market appeal.
Recent Performance
On-chain metrics and social dominance supported a positive outlook for DOGE in a report from the previous week. The news of Elon Musk’s X platform’s dedicated payments handle has triggered anticipation within the DOGE community. Despite a slight decline in price the previous week, falling to $0.086, DOGE’s overall archetype remains strong and its volume has increased from 298.68 million to 1.17 billion.
Hot Take
Although Dogecoin has not yet reached $1.00 in value, its growing acceptance by the Dallas Mavericks, as well as its potential use on Elon Musk’s X platform, represents crucial steps toward mainstream adoption, signaling optimism for a potential price rally in the future.
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