TL;DR
- Mark Cuban reaffirmed the Dallas Mavericks support for Dogecoin, cementing them as crypto pioneers.
- Mavericks continues to accept DOGE since 2019, standing out in March 2021 and attracting global attention.
- Dogecoin surpasses Bitcoin in investments in India, with 40% of young investors showing interest, suggesting a financial shift in the region.
In a recent Ask Me Anything (AMA) session on the social network X, billionaire businessman and former principal owner of the Dallas Mavericks, Mark Cuban, reaffirmed the NBA team’s continued support for Dogecoin (DOGE).
When asked directly by a user whether the Mavericks still accept DOGE, Cuban responded succinctly, “Yes.”
Yes
— Mark Cuban (@mcuban) January 29, 2024
This confirmation consolidates the position of the Dallas Mavericks as pioneers in the acceptance of cryptocurrencies, a path they began in 2019 by incorporating Bitcoin as a payment method.
However, it was the integration of Dogecoin in March 2021 that really caught the attention of the crypto community.
Loyal fans of the team, known as “Mavs Fans for Life” (MFFLs), can use DOGE to purchase game tickets and merchandise online, expanding accessibility to Mavericks products and catapulting Dogecoin into more widespread use.
One intriguing aspect is the impact of Dogecoin on the Indian market
In the 26-35 age group, Dogecoin has surpassed Bitcoin in investments, capturing the interest of 40% of the 19 million cryptocurrency investors in India.
This growth reflects the meme currency’s widespread appeal among young Indian investors, suggesting its potential to disrupt the traditional financial landscape in the region.
As for DOGE performance, the cryptocurrency is currently trading at around $0.08, up 4% in the last 24 hours.
Although it shows a modest increase of 0.9% for the week, its monthly performance reveals a decrease of 10%.
However, over the past 180 days, Dogecoin has seen a steady growth of 3%, demonstrating its resilient presence in the market, despite short-term fluctuations.
Notably, DOGE all-time high sits at an impressive $0.73, underscoring its inherent price volatility.
With a circulating market capitalization of $11 billion, Dogecoin shows significant potential for future growth, backed by a staggering 175% increase in fully diluted price-to-cap ratio.
Continued acceptance by the Dallas Mavericks and growing popularity in the Indian market puts Dogecoin on the threshold of exciting new possibilities.
