{"id":196817,"date":"2021-03-08T15:52:30","date_gmt":"2021-03-08T12:52:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dogecoin-price-jumps-after-mark-cuban-claims-it-will-hit-1\/"},"modified":"2021-03-08T15:52:30","modified_gmt":"2021-03-08T12:52:30","slug":"dogecoin-price-jumps-after-mark-cuban-claims-it-will-hit-1","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dogecoin-price-jumps-after-mark-cuban-claims-it-will-hit-1\/","title":{"rendered":"#Dogecoin price jumps after Mark Cuban claims it will hit $1"},"content":{"rendered":"

“#Dogecoin price jumps after Mark Cuban claims it will hit $1<\/strong>”<\/p>\n

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Mark Cuban has Dogecoin traders barking.<\/p>\n

The cult cryptocurrency\u2019s price jumped Monday after the billionaire \u201cShark Tank\u201d investor claimed his Dallas Mavericks NBA team could help push it up to $1.<\/p>\n

Cuban took to Twitter<\/a> over the weekend to reveal that the Mavericks had handled more than 20,000 Dogecoins \u2014 or about $1,109\u00a0\u2014 in transactions within two days of announcing that the team would accept the coin as payment for tickets and merchandise.<\/p>\n

That made the Mavericks \u201cthe LARGEST #DOGECOIN MERCHANT IN THE WORLD!\u201d Cuban crowed in a Saturday tweet<\/a>.<\/p>\n

The 62-year-old entrepreneur added that the meme-inspired currency\u2019s price \u201cwill DEFINITELY HIT $1\u201d if Mavericks fans buy another 6.5 billion Dogecoin worth of merchandise. That would be equivalent to roughly 5 percent of all the Dogecoin currently in circulation, according to CoinDesk data<\/a>.<\/p>\n

Dogecoin was still a long way off from the $1 mark even after its early-morning spike. The coin \u2014 which was started as a joke in 2013 \u2014 was trading at about 5.5 cents as of 7:22 a.m., 7.6 percent higher than a day earlier but roughly 36 percent below the all-time peak of 8.7 cents it reached last month.<\/p>\n

Cuban wasn\u2019t the only person online talking up Dogecoin, whose price movements are often influenced by social media chatter.<\/p>\n

\"Dogecoin
Dogecoin has been tweeted about by Mark Cuban and Elon Musk.<\/figcaption>
Yuriko Nakao\/Getty Images<\/span><\/figcaption><\/figure>\n

\u201c#DogecoinRise\u201d became a trending topic on Twitter Monday morning as the coin\u2019s price bounced following a week of muted trading. <\/p>\n

The buzz came after eccentric software entrepreneur John McAfee claimed Dogecoin had played a role in the federal indictment prosecutors brought against him last week for allegedly running two cryptocurrency scams.<\/p>\n

The feds accused McAfee of raking in about $2 million by selling his holdings of so-called altcoins after artificially inflating their prices by tweeting about them. McAfee argued on Sunday that Dogecoin\u2019s recent rally proved his previous tweet about it was \u201cnot a pump and dump.\u201d<\/p>\n

\u201cFor a few days in 2017 I chose coins I believed had value. One of them was Doge \u2013 now being touted years later by Elon Musk,\u201d McAfee said on Twitter<\/a>, referring to the billionaire Tesla chief who has driven up Dogecoin\u2019s price with his own tweets. \u201cThe coin has increased well over 1000% since I chose it.\u201d\n <\/div>\n