Dallas Mavericks proprietor Mark Cuban has confirmed that the NBA workforce continues to simply accept Dogecoin (DOGE) as a fee technique. In response to a question from a person on X,” Cuban confirmed the combination exists with a “Yes.”
Do the Mavs nonetheless settle for dogecoin?
— Sir Doge of the Coin ⚔️ (@dogeofficialceo) January 29, 2024
The authentic announcement dates again to March 2021, when BitPay built-in Dogecoin funds for retailers and customers. The Dallas Mavericks, identified for his or her early crypto adoption, had been one of many first within the crypto-sports partnerships with the meme coin acceptance.
DOGE as a fee medium
Bitcoin grew to become one of many fee strategies for the Mavs in 2019.
The addition of DOGE allowed ‘Mavs Fans for Life or MFFLs’ to make the most of Dogecoin to buy sport tickets and merchandise on-line, increasing accessibility to Mavs gear.
Continued acceptance of Dogecoin in 2024 results in discussions concerning the meme coin’s progress potential this yr. What is noteworthy on this dialogue is Elon Musk’s latest point out of X’s built-in funds function. The launch brings renewed consideration to Dogecoin’s utility and integration into the fee ecosystem.
One of the key markets for DOGE has been India.
Kashif Raza from Bitinning identified in a put up on X that throughout the 26-35 age group, DOGE has surpassed BTC. This is when it comes to investments inside a bunch that represents 40% of India’s 19 million crypto traders
Meme’s progress potential in value
At press time on Monday, Dogecoin (DOGE) was buying and selling at ~$0.0812, exhibiting a 24-hour improve of three% on Token Terminal. Over the previous week, it has skilled a 0.70% value uptick, whereas its 30-day efficiency exhibits a decline of 10%.
Over the final 180 days, it has seen a modest improve of two.85%. The all-time excessive (ATH) for DOGE was $0.7316, nonetheless signifying value volatility. The circulating market cap of DOGE stands at $11.57 billion.
Doge’s price-to-fully diluted ratio is at a excessive 6,208.30x, signifying a considerable improve of 174.6%. The P/F ratio compares its value to its potential future worth.
Over the previous 30 days, DOGE additionally generated charges totaling $151.46k, representing a big lower of 68.23%. The annualized charge income is recorded at $1.84 million, exhibiting a minor drop of 1.90%.
Also Read: The Top Eight Must-Knows About Dogecoin
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