Mark Cuban HODLing DOGE for Life, Reports a 550% in Dogecoin Payments for Mavs Merch
The meme coin has rallied to $0.15, 2,235% this year, so far to become a $16.6 billion market cap coin. But the latest pump in DOGE price is without the influence of Tesla CEO Elon Musk’s tweets.
The crypto market enjoys a bull rally in preparation for the Coinbase listing on Nasdaq bringing a bigger crowd into the industry. The largest crypto exchange in the US is scheduled to go public through direct listing today.
This week, the market went into the bull mode, with Bitcoin (BTC) hitting a new all-time high just shy of $65,000 while Ether (ETH) hit $2,400, pushing the total crypto market cap past $2.2 trillion. BTC -0.74% Bitcoin / USD BTCUSD $ 47,685.91
-$352.88-0.74% Volume 32.28 b Change -$352.88 Open $47,685.91 Circulating 18.82 m Market Cap 897.34 b 1 h $1.5 Trillion Asset Manager Franklin Templeton Eyes Crypto With Latest Filing 3 h AMC Entertainment to Accept Bitcoin, Ether, and other Cryptocurrencies as Payment 4 h Skybridge Capital Announces Intentions For Algorand (ALGO) Crypto ETF ETH 1.20% Ethereum / USD ETHUSD $ 3,580.22
$42.961.20% Volume 20.07 b Change $42.96 Open $3,580.22 Circulating 117.55 m Market Cap 420.86 b 7 min Crypto’s Self-Policing Unveils Insider Trading at $1.5 Bln Valued NFT Marketplace, OpenSea 1 h $1.5 Trillion Asset Manager Franklin Templeton Eyes Crypto With Latest Filing 3 h AMC Entertainment to Accept Bitcoin, Ether, and other Cryptocurrencies as Payment
Other big gainers in the market include XRP, VeChain (VET), Tron (TRX), and ThorChain (RUNE). XRP -2.30% XRP / USD XRPUSD $ 1.10
-$0.03-2.30% Volume 3.09 b Change -$0.03 Open $1.10 Circulating 46.62 b Market Cap 51.16 b 2 d Solana (SOL) Dominating Institutional Interest, Accounting for Over 86% of the Total Inflows 2 d More than 65% of South Korean Crypto Exchanges to Shut Down Once FSC Deadline Hits 3 d Southeast Asia’s Largest Bank (DBS) Sees Increasing Crypto Demand from Corporate Investors and Wealthy Family Funds VET -3.36% VeChain / USD VETUSD $ 0.12
$0.00-3.36% Volume 403.49 m Change $0.00 Open $0.12 Circulating 64.32 b Market Cap 7.53 b 1 w Crypto Market Dips and Over 165k Traders Get Liquidated for More Than $890 Million 4 mon Cryptocurrency Related Stocks Tumbling in a Massive Divergence from Crypto Assets 5 mon Mark Cuban HODLing DOGE for Life, Reports a 550% in Dogecoin Payments for Mavs Merch TRX -3.42% TRON / USD TRXUSD $ 0.12
$0.00-3.42% Volume 2.24 b Change $0.00 Open $0.12 Circulating 71.66 b Market Cap 8.29 b 1 d Ether Address Growth Surpasses Bitcoin, A Record 7.5 Million Addresses Holding at Least $1 Worth of Stablecoins 2 d More than 65% of South Korean Crypto Exchanges to Shut Down Once FSC Deadline Hits 3 w “Bitcoin Fixes This.” OnlyFans Banning Sexual Content Due to Pressure from Banking Partners RUNE 10.01% THORChain / USD RUNEUSD $ 10.32
$1.0310.01% Volume 165.64 m Change $1.03 Open $10.32 Circulating 224.41 m Market Cap 2.32 b 6 h DeFi Autumn after Solana Summer? Traders Still Short as Bitcoin Jumps to $48k and Ether to Nearly $3,700 1 w DeFi Rallies Towards New Highs As Multiple Layer 1 Blockchains Amaas $50 Billion in TVL 3 w Driven by Real Demand Bitcoin Hits Resistance but Retail and Speculator Euphoria Is Not Here Yet
However, it is Dogecoin (DOGE) that is shining with its more than 80% gains in the past 24 hours to go as high as $0.15.
As of writing, DOGE is trading around $0.135, up 126% in the past week and a whopping 2,235% this year, so far, to become a $16.6 billion market cap coin.
What is interesting about this latest rally is that unlike all the previous upticks this year, this one isn't driven by Tesla CEO Elon Musk’s tweets but has been moving up on the retail mania.
— Elon Musk (@elonmusk) April 14, 2021
Commenting on this strong move, the billionaire owner of Dallas Mavericks Mark Cuban said, they are going to HODL this meme coin to the moon.
“We will never sell 1 single Doge ever. So keep buying,” he said.
Cuban further revealed that the American professional basketball team had seen an increase of 550% in DOGE payments for its merch.
“The Mavs sales in dogecoin have increased 550pct over the past month. We have now sold more than 122k Doge in merchandise,” he said.
It was only early last month that Mavs announced that they would accept DOGE for tickets and merch through BitPay. “An early adopter of cryptocurrency, the Dallas Mavericks will be the first to accept Dogecoin,” they said at the time.