Cuban Confirms Dallas Mavericks Still Accepts Dogecoin: Is DOGE Set for a Rise in 2024?
Dallas Mavericks owner Mark Cuban has confirmed that the NBA team continues to accept Dogecoin (DOGE) as a payment method. In response to a query from a user on X,” Cuban confirmed the integration exists with a “Yes.”
Do the Mavs still accept dogecoin?
— Sir Doge of the Coin ⚔️ (@dogeofficialceo) January 29, 2024
The original announcement dates back to March 2021, when BitPay integrated Dogecoin payments for merchants and consumers. The Dallas Mavericks, known for their early crypto adoption, were one of the first in the crypto-sports partnerships with the meme coin acceptance.
DOGE as a payment medium
Bitcoin became one of the payment methods for the Mavs in 2019.
The addition of DOGE allowed ‘Mavs Fans for Life or MFFLs’ to utilize Dogecoin to purchase game tickets and merchandise online, expanding accessibility to Mavs gear.
Continued acceptance of Dogecoin in 2024 leads to discussions about the meme coin’s growth potential this year. What is noteworthy in this discussion is Elon Musk’s recent mention of X’s integrated payments feature. The launch brings renewed attention to Dogecoin’s utility and integration into the payment ecosystem.
One of the major markets for DOGE has been India.
Kashif Raza from Bitinning pointed out in a post on X that within the 26-35 age group, DOGE has surpassed BTC. This is in terms of investments within a group that represents 40% of India’s 19 million crypto investors
Meme’s growth potential in price
At press time on Monday, Dogecoin (DOGE) was trading at ~$0.0812, showing a 24-hour increase of 3% on Token Terminal. Over the past week, it has experienced a 0.70% price uptick, while its 30-day performance shows a decline of 10%.
Over the last 180 days, it has seen a modest increase of 2.85%. The all-time high (ATH) for DOGE was $0.7316, still signifying price volatility. The circulating market cap of DOGE stands at $11.57 billion.
Doge’s price-to-fully diluted ratio is at a high 6,208.30x, signifying a substantial increase of 174.6%. The P/F ratio compares its price to its potential future value.
Over the past 30 days, DOGE also generated fees totaling $151.46k, representing a significant decrease of 68.23%. The annualized fee revenue is recorded at $1.84 million, showing a minor drop of 1.90%.
Also Read: The Top Eight Must-Knows About Dogecoin
- Matrixport Predicts Market Direction as $6B Bitcoin, Ethereum, XRP Options Expire Today
- Why is Crypto Market Up Today (Oct 24)
- Breaking: 21Shares Amends Sui ETF with Staking, Nasdaq Listing, Other Key Details
- Binance’s Changpeng Zhao Takes on Senator Elizabeth Warren On False “Fraud” Allegations
- Trump Tariffs: Crypto Market Volatility Looms As US President Terminates Trade Talks With Canada
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Prediction as Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
