DOGE jumped by more than 40% because of Mark Cuban's tweets - Bits Media

Dogecoin price skyrocketed by 40% after that, how American billionaire Mark Cuban called DOGE "the strongest currency", and Tesla CEO Elon Musk supported this statement.

A few days ago, the owner of the Dallas Mavericks basketball club, Mark Cuban (Mark Cuban) reported, that when paying for the sports attributes of the club in the DOGE cryptocurrency, people will be able to buy them at special prices. At the same time, it is unclear, will DOGE owners get any discounts on Dallas Mavericks attributes?, or they will have access to other offers. Later, in an interview, Kuban called DOGE the most resilient crypto asset, when it comes to using it for payments.

“People don't understand, that the disadvantages of DOGE and its simplicity are its strengths. There are only two things, which can be done with DOGE: either spend, either keep it. And with that, and the other is easy to deal with. Besides, DOGE can be bought cheap, and everyone can join the Dogecoin community ", —
posted by Cuban on Twitter.

Tesla and SpaceX CEO Elon Musk agrees with billionaire's statement, writing back to him: "I've been talking about this for a long time.". After that, the comic cryptocurrency jumped by 12.5% per day, and in a few days its rate increased by more than 40%. Today DOGE is trading at about $0.35. Despite a significant increase, Dogecoin price is still at 54% below the maximum in $0.73, achieved 8 May.

“I do not advertise DOGE. I only offer products and services of my companies. There, where we allow people to pay with any cryptocurrency, 95% sales accounted for by DOGE. We can argue about anything about Bitcoin, but now our clients prefer to pay with DOGE ", —
said Cuban.

Cuban's words weren't the only factor, pushing the DOGE rate up. At the weekend it became known, that the English football club "Watford" also became a supporter of this cryptocurrency. The club team will wear the Dogecoin logo on the sleeves of their jerseys for the 2021-2022 season. Besides, sports betting site Stake.com plans to distribute to users 10 million DOGE (about $3.3 million), so they can spend coins on the platform.

Earlier, Kuban spoke out in support of bitcoin, calling it a suitable asset for hedging risks, unlike gold.