In a digital interview with TV discuss present host Ellen DeGeneres right this moment, Cuban mentioned Dogecoin (DOGE) might have began as a joke, nevertheless it was now “turning into a digital foreign money.” The Dallas Mavericks proprietor talked about the success the basketball workforce’s retailer had after accepting the token in March, and beneficial DeGeneres “ought to have a look at it for The Ellen Store,” claiming the shop “may promote an entire lot of stuff for Dogecoin.”
“We positive will do this,” mentioned DeGeneres. “I’m excited by Dogecoin, and I actually need to know extra about this.”
With regard to crypto and DOGE particularly, the TV discuss present host later clarified on Twitter that she was undecided she “perceive[s] it, or know[s] learn how to pronounce it, nevertheless it positive is enjoyable to say.” DeGeneres already launched her personal nonfungible token referred to as “girl with a stick cat” to lift cash for the World Central Kitchen, one package deal of which offered for $14,555 right this moment.
Cuban has predicted that the worth of DOGE may hit $1 if extra folks had been to make use of the token to buy Dallas Mavericks merchandise. As of April 13, the basketball workforce has reportedly accepted 122,000 DOGE — roughly $32,757 on the time of publication — with gross sales rising by 550% during the last month.
“I wouldn’t say [DOGE is] the world’s greatest funding, nevertheless it’s entire lot higher than a lottery ticket,” mentioned Cuban on Ellen’s present. “It’s an effective way to study and begin understanding cryptocurrencies.”
Although Dogecoin has posted greater than 14,000% in features over a 12 months, the worth of the token has fallen beneath $0.30 since reaching an all-time excessive of greater than $0.40 earlier this month. The viewership of Ellen’s present — estimated to be 1.5 million as of March — may probably drive this worth up if even a fraction of them confirmed the identical enthusiasm within the token as Cuban appeared to show by buying DOGE.