After the Dallas Mavericks decided to accept Dogecoin (DOGE) as a form of payment for merchandise in March 2021, billionaire Mark Cuban is seemingly trying to get other high-profile names to consider transacting with the meme-based token as a form of payment.
During a virtual interview with TV talk show host Ellen DeGeneres on April 27, Cuban said Dogecoin may have started as a joke, but it is now becoming a digital currency. The Dallas Mavericks billionaire owner highlighted the success the basketball team’s store had after it started accepting the token last month.
Cuban recommended DeGeneres “should look at it for The Ellen Shop,” alleging the store should sell lots of stuff for DOGE. DeGeneres told her more than one million viewers:
“I’m interested in Dogecoin, and I really want to know more about this. We sure will do that. I’m interested in Dogecoin, and I really want to know more about this.”
In regards to cryptocurrency and DOGE (Dogecoin) in particular, the TV talk show host clarified later on Twitter that she is not sure she understands DOGE or knows how to pronounce it, but it seems fun to say.
DeGeneres already launched her non-fungible token known as “woman with a stick cat” to raise funds for the World Central Kitchen. One package sold for $14,555 recently. Cuban has previously projected that the price of DOGE may reach $1 if more people were to use the token to acquire Dallas Mavericks merchandise.
As of April 13, 2021, the basketball team had allegedly accepted 122,000 DOGE, worth about $32,757 at the time of publication. Sales increased by 550% over the last month. Cuban said on Ellen’s show:
“I wouldn’t say [DOGE is] the world’s best investment, but it’s whole lot better than a lottery ticket. It’s a great way to learn and start understanding cryptocurrencies.”
Although DOGE has recorded over 14,000% in gains in the past year, the price of the token has dropped below $0.30 since reaching an all-time high above $0.40 earlier in April.
The viewership of Ellen’s show estimated to be 1.5 million as of March might drive the price up if even a fraction of them showed the same enthusiasm in the token as Mark Cuban appeared to demonstrate by buying DOGE.