Dogecoin latest dogecoin news DOGE ‘Strongest’ Crypto as Medium of Exchange, Says Mark Cuban

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Dogecoin newest dogecoin information

Main Dogecoin (DOGE) advocates Mark Cuban and Elon Musk have voiced their help for the meme-inspired altcoin as its worth continues to climb.

Billionaire and media character Cuban referred to DOGE because the “strongest” cryptocurrency as a medium of change earlier this week. Talking with CNBC Make It, the entrepreneur stated the token had distinctive makes use of over different cryptocurrencies. Particularly, that it may be used for the acquisition of products and providers.

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When CNBC shared a hyperlink to the story by way of Twitter, reiterating Cuban’s quote about DOGE as “the strongest”, Tesla CEO Elon Musk replied:

“I’ve been saying this for some time.”

Cuban’s most up-to-date advocacy for DOGE adopted his revelation that his basketball crew, the Dallas Mavericks, would quickly run a merchandise sale. A sale that would come with particular pricing for many who paid in DOGE. 

Nonetheless, the billionaire’s help for DOGE has not been with out its critics. Even most just lately, Cuban has defended himself towards accusations of shilling the memecoin on Twitter. 

On August 15, he responded to 1 such accusation:



“I don’t shill Doge. I shill the prods & providers of my firms. The place we permit individuals to pay in ANY crypto, 95% of the gross sales are in DOGE. Clients CHOOSE to make use of DOGE. We will argue every little thing and something re BTC, however proper now DOGE is the individuals’s method to pay.”

How is the help serving to DOGE?

Each Cuban and Musk gained notoriety throughout 2021 for his or her feedback and social media actions driving up DOGE’s worth. Plenty of the token’s appreciable progress this yr was attributed to Musk’s help on Twitter. DOGE achieved its all-time excessive of $0.74 in Could, main as much as the Tesla CEO’s look on Saturday Evening Stay. Following the looks, nevertheless, DOGE’s worth took a sudden downward flip, after which it didn’t regain its place.

Nonetheless, reviews have indicated that Mark Cuban’s most up-to-date help, and Musk’s settlement thereto, have contributed in the direction of DOGE’s most up-to-date upward climb. The altcoin reportedly grew by greater than 10% this week, surpassing the $0.30 mark for the primary time since June. At time of press, knowledge indicated that DOGE was price simply shy of $0.30. It ranked because the seventh most useful cryptocurrency by market capitalization on the similar time.

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