- Dallas Mavericks owner Mark Cuban reaffirms the NBA team’s active acceptance of Dogecoin (DOGE) as a valid payment method.
- Cryptocurrency analyst Muro also predicts the DOGE price amid positive market sentiments and the anticipation of DOGE’s integration into the X Payments feature led by Elon Musk.
Dallas Mavericks owner and billionaire Mark Cuban, recently affirmed that his NBA team is still actively accepting Dogecoin (DOGE) as a valid payment method. The confirmation came in response to a user’s inquiry on the X platform, to which Cuban responded with a straightforward “Yes.”
Dallas Mavericks started embracing Dogecoin payments for the first time in March 2021 when BitPay integrated DOGE payments for both merchants and consumers. As trailblazers in the crypto-sports partnership arena, the Mavericks were among the first to incorporate the meme coin into their payment options.
Having already included Bitcoin as a payment method in 2019, the addition of Dogecoin further broadened the scope for “Mavs Fans for Life” (MFFLs) to use the cryptocurrency for purchasing game tickets and merchandise online, enhancing accessibility to Mavericks’ merchandise.
The continued acceptance of Dogecoin by the Dallas Mavericks in 2024 has sparked discussions about the meme coin’s growth potential this year. Particularly noteworthy is the recent mention by Elon Musk of X’s integrating payments feature, bringing renewed attention to Dogecoin’s utility and its integration into the broader payment ecosystem.
An interesting observation made by Kashif Raza from Bitinning on X revealed that Dogecoin has gained substantial traction in India, surpassing Bitcoin within the 26-35 age group. This demographic represents 40% of India’s 19 million crypto investors, indicating Dogecoin’s popularity and adoption in key markets.
Cryptocurrency Analyst Muro Forecasts Potential 6% Surge for Dogecoin (DOGE)
Renowned cryptocurrency analyst Muro is predicting a potential surge for Dogecoin (DOGE), anticipating a rise of approximately 6% in its value. As of the latest update, DOGE is currently trading 3.25% up at $0.081 with a market cap of $11.59 billion.
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Muro has set a target price for DOGE at $0.083, expressing optimism about the cryptocurrency’s performance. On the X platform, Muro shared his positive outlook, stating, “Kinda have the feeling that the DOGE is gonna pop.”
Update $DOGE
Spider senses were right it popped after my tweet but scammed back to entry from halfway to target, seems like it’s bouncing it might give another push https://t.co/OjCSqsOXMU pic.twitter.com/BPzGi7e0fI
— Muro (@MuroCrypto) January 28, 2024
Over the weekend, Dogecoin witnessed a notable 10% increase in value. This uptick coincided with the establishment of a new verified account linked to the anticipated payment feature on the X app, a project spearheaded by Elon Musk.
In a subsequent tweet, Muro observed a brief spike in DOGE’s value, commenting, “Spider senses were right; it popped after my tweet but scammed back to entry from halfway to the target, seems like it’s bouncing; it might give another push”. He added:
“$DOGE break out — retest complete. Now at a big level — flips this and can see the next leg higher towards $.10. New narrative starting — X Payments account just created…Rumors that X / Twitter will start using DOGE as the universal payment for X”.
Analysts are also expecting a strong surge for Dogecoin during the next bull run. Unlike other memecoins, Dogecoin has yet to effectively participate in the market rally.
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