Earlier today, Dallas Mavericks’ billionaire owner Mark Cuban conducted an AMA session on X where he confirmed that the NBA team continues to accept Dogecoin (DOGE) as a payment method on its website.
Cuban responded with a “Yes” to a user’s query as to whether the DOGE integration still exists.
Dallas Mavericks Fans Can Still Buy Match Tickets And Merchandise Using Dogecoin
The Texan NBA franchise first announced that it would support the popular meme token after the crypto payments protocol BitPay integrated payments in DOGE for merchants and consumers.
The Mavs are considered one of the pioneers in the sporting world for incorporating the latest technologies. In 2019, the basketball team added Bitcoin (BTC) as a payment method for buying merchandise and matchday tickets on its website.
The team followed up on the initiative by allowing ‘Mavs Fans for Life’ or MFFLs to use Doegcoin (DOGE) to purchase Dallas Mavericks products online.
The continued acceptance of the meme cryptocurrency leads to speculation of its growth potential in 2024. It is not worth noting that in a recent discussion, X (formerly Twitter) owner Elon Musk, who is fondly called the Dogefather by the DOGE community, mentioned integrating crypto payments on the popular social media platform.
If launched, X could take advantage of Dogecoin’s widespread popularity and utility to make it one of the supported means of payment.
Doge Investors Surpass Bitcoin Holders Among The 26-35 Age Group In India
The true potential of the Shiba Inu-themed cryptocurrency remains untapped. Interestingly, one of the major markets for DOGE has been India, the country with the largest population in the world.
Kashif Raza, the founder of the Indian Bitcoin educational platform ‘Bitinning’, pointed out on X that the number of people holding DOGE among the age group from 26 to 35 has surpassed Bitcoin (BTC). In terms of investments, that particular age group represents 40% of India’s 19 million strong crypto investors.
At the time of writing, DOGE was trading at $0.0810 – showing an increase of nearly 3% over 24 hours. The cryptocurrency has experienced a 0.7% price uptick in the past 14 days, but its 30-day performance shows a 10% decline.
Looking at its price performance over the last 180 days, DOGE has seen a modest increase of 2.85%. The token is currently trading over 9% lower than its valuation same time last year. In the last 24 hours, Dogecoin was able to amass over $600 million in trading volume.
DOGE’s price-to-fully diluted ratio stands a 6,208.3x, which is an increase of 174.6%. In the last month, the token managed to generate $151,460 in fees, representing a decrease of a whopping 68.2%. The crypto ecosystem recorded an annualized fee revenue of $1.84 million, dropping by nearly 2%.
Ranked the 11th largest cryptocurrency in the world, Dogecoin has a total market capitalization of $11.5 billion. The dog-themed meme token recorded its all-time high (ATH) of $0.7316 in May 2021, while its all-time low (ATL) price of $0.0000869 was recorded in May 2015.
DOGE is currently trading 93,000% higher than its all-time low price.