Amid latest endorsements from celebrities and other people in tech, the value of the meme-based cryptocurrency Dogecoin has surged greater than 700% within the final month. Now even billionaire Mark Cuban says he understands the attraction.
In a tweet right now from the Shark Tank star and Dallas Mavericks proprietor, Cuban said Dogecoin (DOGE) is the “greatest leisure bang in your buck obtainable” on the crypto market and doesn’t assume it’s a “unhealthy look” for buyers to contemplate the token.
“[DOGE] provides you a greater likelihood of successful than a lottery ticket all whereas instructing the economics of provide and demand and introducing folks to crypto asserts,” mentioned Cuban. “I actually adore it because the lowest price economics instructing device obtainable that entertains on the identical time.”
— Mark Cuban (@mcuban) February 8, 2021
Within the final 24 hours, the value of DOGE has risen greater than 8% to achieve $0.0782 on the time of publication, a roughly 700% enhance in 30 days. The worth was doubtless pumped by statements from Tesla CEO Elon Musk, who has been regularly tweeting about the cryptocurrency utilizing memes, surveys, and bullish remarks.
The longer term foreign money of Earth
— Elon Musk (@elonmusk) February 6, 2021
Musk isn’t the one one getting on board with DOGE. Over the weekend, rapper Snoop Dogg and Kiss’ Gene Simmons took to Twitter to precise their assist for the “Doge Military,” with Simmons saying he believed the value of the token “will go up.” Within the three days since that tweet, the value of DOGE has risen by greater than 50%.
Whether or not Cuban will change into a full-fledged member of the Doge Military stays to be seen. In the meanwhile, the billionaire mentioned he bought $5 of DOGE for his son Jake purely for his leisure and monetary training. The 11 yr previous was a part of the group of retail buyers who purchased AMC Leisure and Blackberry inventory in January.