Mark Cuban Explains Why Dogecoin Is Today’s Best Investment
Dogecoin is a cryptocurrency that was created by two software engineers who were only joking around. It currently has more than 50 billion dollars in market cap and stands as one of the world’s most popular cryptocurrencies today.
Elon Musk, a big fan of the cryptocurrency and known for his witty tweets, often raves about it on his Twitter handles. And also we have Mark Cuban is a billionaire entrepreneur who’s well-known among other things as owner of Dallas Mavericks basketball team.
What Mark Cuban thinks about Dogecoin
We’ll talk about what Mark Cuban thinks about Dogecoin and how he has revealed how it is the best investment today. Mark Cuban, owner of the Dallas Mavericks, started accepting Dogecoin as payments for tickets and merchandise in March. Mark Cuban said recently in a tweet.
Just talked to my friends at @BitPay, They do the Mavs Doge sales. They are on track to do 6000 Doge transactions in April, which would be six million dollars in Dogecoin.
The price of Dogecoin has increased in the last six months due to investors and its cheap price. Mark Cuban tweeted that if companies will pay for it, then they can use as a method of payment. He mentions Robin Hood trading app allows people to buy and trade this currency which makes it an option great for common citizens who want invest in Cryptocurrency.
Mark Cuban’s influence on Dogecoin
Robin Hood is a trading app that allows its users to buy Dogecoin, as well as many other crypto currencies while it allows the buying and trading of Dogecoin. You don’t pay for the Dogecoin you get you simply trade in the price levels so you can only hold on to it and then trade it when the prices go up rather than actually own it and use it for other transactions. Mark Cuban has said that Dogecoin are a better investment than a lottery ticket. Robin Hood CEO, Vladimir Tenev said that he will make sure that the app is improved to start allowing people withdrawals of their holdings. This really shows Mark Cuban’s influence.
He recently seemed to be on the side of Elon Musk, who himself fiddles with the prices of Dogecoin. This could even be said to be a one dollar catalyst, as that is the Dogecoin community’s next most feasible target. For him to talk about Dogecoin on a show like Elon in itself is filled with exposure. Who knows how many new ears must have heard of Dogecoin for the first time to the show. All of this exposure will most likely be good for Dogecoin, enough to landed on the moon itself. Dogecoin continues to defy all expectations.