By Hassan Mehmood (Saudi Arabia)
According to Mark Cuban, an entrepreneur, and owner of the Dallas Mavericks, one particular altcoin out there will skyrocket above the 1900% reach shortly. He didn’t tease around his fans as he didn’t keep the information to himself for too long and revealed the name of the altcoin shortly on his Twitter account and that altcoin is none other than Dogecoin. For some of you who are new to altcoins and particularly the Dogecoin, here goes; it is a meme-based cryptocurrency as its creator admitted himself that this coin was meant as a joke. But then it got the proper appeal from the internet and not only from there but from other financiers and investors too.
Recently, Mark also incorporated Dogecoin to make the shopping for Maverick’s tickets and merchandise easier for the fans. It now accepts payments in Dogecoin to retrieve tickets and the merchandise if you need any. Many investors warned Mark Cuban that he should have gone with any other cryptocurrency out there other than Dogecoin because it doesn’t offer much security to the customers being intended as a joke. But he did not only went with it but is also preaching it to others. According to him, it will ascend from its current price of $0.05, and it will skyrocket almost 1900%.
Also read:Cryptocurrency Hype on the Rise
It is not only Mark Cuban who is a fan of cryptocurrency and Dogecoin; there are others as well. His NBA team has also agreed to accept Dogecoin to pay for tickets and for the merchandise by the fans. It all started back in 2013 when Cuban’s statements regarding how the NBA has developed its own blockchain crypto-system to favor the security of the transactions and how it can use such technology for business applications.
It shows the credibility that cryptocurrency is receiving among the team of financiers and investors but, most importantly, how rich have found a way of keeping themselves busy with cryptocurrency, and through supporting or reclining back from it, they can affect its value within the crypto market.
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