Mark Cuban told Ellen that he accepts the Dogecoin cryptocurrency as payment for his Mav’s basketball team merchandise and suggested she should do the same for her Ellen shop.
“Should I buy some Dogecoin?” is possibly the most popular question coming from the mouths of noobs looking to get into crypto over the past several weeks and months. And with Mark Cuban telling the 2.6 million viewers on the Ellen show to go buy DOGE, will surely help its poularity grow.
Dogecoin Started as a Joke
The meme coin that started off as a joke, has performed insanely well, much to the surprise of the more serious crypto investor. Dogecoin has climbed into the top cryptocurrencies on CoinGecko, currently sitting at #7 under well known majors; Bitcoin, Ethereum, Binance coin, Ripple and Cardano.
It went from being a crypto currency joke, to now becoming something that’s becoming a digital currency.
Mark Cuban
Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer, as a payment system free from traditional banking fees. Since, it has gained a huge online following and made headlines again recently by hitting it’s all time high of 0.40c per coin, rising over a whopping 450% in value over just one week.
Cryptocurrency is just an asset to invest in. Bitcoin is like a digital version of Gold, Ethereum is a digital version of a currency and then you’ve got Dogecoin… which is just fun!
Mark Cuban
Is Dogecoin a Good Investment?
Because Dogecoin started as a joke and has limited utility, some might say it’s not even an investment at all. However, it certainly has strong branding and provides a great way to introduce new people into the cryptocurrency space.
We’re seeing some shops have starting accepting DOGE as payment, such as merchandise on the Dallas Maverick Store, owned by Mark Cuban. And with such a strong meme presence and an army of famous ambassadors such as Elon Musk and Snoop Dogg shilling the project on social media, love it or hate it; Dogecoin is here to stay.
Caitlin Carey – Crypto News Guest Author