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Like Elon Musk, who now calls himself the Dogefather, Dallas Mavericks owner and billionaire investor Mark Cuban strongly believes in the crypto that started as a joke – the Dogecoin (DOGE). A report from Decrypt.com suggests that he is now predicting that the meme crypto will be stepping on the one-dollar territory.
Cuban on NFTs, Bitcoin, and Dogecoin
Cuban recently sat down with Decrypt’s Editor-in-Chief Daniel Roberts as he talked about Bitcoin (BTC), non-fungible tokens (NFTs), and of course, Dogecoin. At the part of the interview where they tackled the topic about the DOGE, he said that he believes that it (DOGE) “might level off at one dollar and become somewhat like a stablecoin.” There’s even a tone of certainty in his voice when he said that the crypto would eventually stay on that price range once it gets there.
The billionaire based such prediction on his belief that the Dogecoin is easier to transact in; hence it acts similar to a typical currency than Bitcoin. Another basis of such guess is that, unlike Bitcoin’s supply, the Dogecoin has no cap, though it is said that the amount of this Shiba Inu-inspired crypto coin being rolled out annually is fixed at 5.2 billion coins.
Mavs merch sales in DOGE
Speaking of transactions using Dogecoin, Cuban also revealed that they are selling more Mavericks merch for DOGE on a regular day than they did on both Bitcoin and Ethereum. He even revealed talking to BitPay a lot lately and learned that the Bitcoin payment service provider has been “adding as many vendors” for DOGE since people nowadays are more willing to spend it.
Meanwhile, it’s only a day left before we see Elon Musk hosting the upcoming installment of “Saturday Night Live.” Dogecoin buyers are now praying to the crypto gods that their hunch is spot on about digital money hitting another milestone on that day.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
