Dogecoin (DOGE), a meme-cryptocurrency, has risen 16.8% in the past 24 hours and more than 45% in a week. The price accelerated on the back of new announcements from Mark Cuban and Ilon Musk.
On Friday, 13 August, the owner of the Dallas Mavericks basketball team announced special discounts during the summer club merch sale for those who will pay in Dogecoin.
Coming soon to http://Mavs.com a summer merch sale with special pricing for those who pay with @dogecoin !!!
On the same day, Cuban, in an interview with CNBC, called Dogecoin "the strongest cryptocurrency in terms of medium of exchange".
On the same day, Cuban, in an interview with CNBC, called Dogecoin "the strongest cryptocurrency in terms of medium of exchange".
https://twitter.com/CNBC/status/1426270401546670083
The point about DOGE that people miss is that DOGE's imperfections and simplicity are it's greatest strengths. You can only use it to do 2 things: Spend It or HODL It. Both are easy to understand. And it's cheap to buy. Which makes it a community anyone can join and enjoy.
In other positive news for Dogecoin, sports publication The Athletic reported that the coin's logo will appear on the uniforms of English Premier League football club Watford in the new season. This will be the result of the team's sponsorship contract with cryptocurrency online casino Stake.com.
The deal is valued at no less than £700,000 (~$970,060) and will be paid in cryptocurrency. Stake.com plans to give away 10 million DOGE to promote the partnership.
As a reminder, in February 2021 Mark Cuban said he bought $5 worth of Dogecoin for his 11-year-old son Jake for educational purposes.
In March, the Dallas Mavericks were the first NBA club to begin accepting DOGE for payment.
Cuban later said that he concentrated 60% of his cryptocurrency portfolio in bitcoin, 30% in Ethereum. Other digital assets accounted for only 10%. He did not name the volume of investment.
See our full guide to trading Dogecoin, or start your research with reviews of these regulated crypto brokers and exchanges available.
