The token has attained a new ATH of 0.14 USD, and the Dallas Mavericks have vowed to keep holding.
Major Updates
- Dogecoin attains a new ATH in under 24 hours.
- Celebrity adoption continues to pump Dogecoin prices.
- Dallas Mavericks are massively selling out on Dogecoins.
- The NBA team vows never to sell their Dogecoins.
As many celebrities continue to go crypto, some pressure is directed at particular coins aside from the top dog, Bitcoin. Dogecoin has had its fair share of popularity among notable individuals. From support from Redditors to those from prominent Twitter accounts like Elon Musk’s, the coin seems to be thrusting for the moon.
One major supporter of the token is the renowned NBA team, the Dallas Mavericks. The owner of the team, Marck Cuban, has announced to hold all of their tokens. This is following their decision to accept Dogecoin as a form of payment for all their merchandise. Ever since, the amassed value currently in their holding has surpassed 120,000 Dogecoin, a value which they have now announced never to sell.
Apart from the Mavs, many other personalities, including the world’s 2nd richest man, Elon Musk, and the famous restaurateur, Guy Fieri, heavily support the coin. Musk even disclosed that he bought the coin for this child. As for Fieri, he posted a picture of himself in a Shiba Inu space suit. His caption read, “rolling out to the MOON.”
It is adoption like this that is driving Dogecoins prices massively. So much so that the token spiraled by almost a whopping 80%. This was under the period of 24 hours, amounting to 0.14 USD —previously at 0.085 USD.
Many experts believe there is a bright future for Dogecoin. This is due to heavy support from Tesla and SpaceX CEO Elon musk, Dogecoin’s most valuable advocate. The future for the coin, therefore, is very bullish and price spikes like this are very much expected.
Dogecoin is currently rounding up a market capitalization of almost 17 billion USD, exceeding Chainlink. This makes Dogecoin the 10th greatest digital token by that metric.
What do you think the future holds for Dogecoin?
