Following the Dallas Mavericks’ decision to accept Dogecoin as a payment method for the commodity last month, billionaire Mark Cuban is apparently trying to get other high profile names to consider using the memes-based token like means of payment.
In a virtual interview with TV show host Ellen DeGeneres today, Cuban said that Dogecoin (DOGE) may have started as a joke, but is now “becoming a digital currency. “. The Dallas Mavericks owner mentioned the success of the basketball team store after accepting the token in March, and recommended that DeGeneres “should watch it for The Ellen Shop,” saying the store “could sell a lot. of things for Dogecoin. “
“We will definitely do it,” DeGeneres said. “I’m interested in Dogecoin and really want to know more about it.”
As for crypto and DOGE in particular, the host of the later TV show clarified on Twitter that she was not sure she “understood[s] or know[s] how to pronounce it, but it’s fun to say. »DeGeneres already launched her own non-fungible token called “Woman with a Stick Cat” to raise money for the World Central Kitchen, a packet of which sold for $ 14,555 today.
Cuban predicted that DOGE’s price could reach $ 1 if more people used the token to purchase Dallas Mavericks merchandise. Since April 13, the basketball team possesses reportedly accepted 122,000 DOGE – roughly $ 32,757 at time of publication – with sales increasing 550% in the past month.
“I will not tell [DOGE is] the best investment in the world, but it’s much better than a lottery ticket, ”Cuban said on Ellen’s show. “It’s a great way to learn and start understanding cryptocurrencies.”
Although Dogecoin posted more than 14,000% gains over one year, the price of the token has fallen below $ 0.30 since reaching a record high of over $ 0.40 earlier this month. The audience for Ellen’s show – estimated at 1.5 million in March – could potentially push that price up if even a fraction of them showed the same enthusiasm Cuban seemed to show by buying DOGE.