Latest Crypto News Mark Cuban Says He Owns USD 494 of ‘Strongest Community’ Dogecoin

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Latest Crypto News Mark Cuban Says He Owns USD 494 of 'Strongest Community' Dogecoin 101
Mark Cuban. Supply: a video screenshot, Youtube, The Filmy

American billionaire and enthusiastic dogecoin (DOGE) promoter Mark Cuban has revealed in a tweet that he owns USD 494 price of DOGE – whereas on the identical time calling the DOGE group “the strongest when it comes to using it as a medium of exchange.” In the meantime, DOGE has been rallying.

Cuban, the proprietor {of professional} US basketball membership the Dallas Mavericks, praised the DOGE group, calling it “the strongest” and including that the coin can be utilized “for the acquisition of goods and services,” in response to CNBC.

To the CNBC tweet on this matter, Tesla chief Elon Musk replied that, “I’ve been saying this for a while.” Nevertheless, followers have accused each of “pulling the rug” below them, as many say they’ve misplaced their investments when DOGE crashed from its all-time excessive to its present value despite Musk’s reward.

I’ve been saying this for some time

— Elon Musk (@elonmusk) August 14, 2021

Moreover, Cuban introduced final Friday that the membership can have a summer season merch sale with particular costs for many who pay in DOGE.

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In a subsequent Twitter dialog concerning the professionals and cons of utilizing Dogecoin, he acknowledged that its “imperfections and simplicity are [its] greatest strengths. You can only use it to do 2 things: Spend It or HODL It. Both are easy to understand.” He additionally touted the benefits of DOGE as a enjoyable group that’s straightforward to get into.

But, when requested about his private funding portfolio and whether or not he owns extra DOGE or bitcoin (BTC), he replied, “The Mavs have what we sold in merch. I personally own USD 494 worth of DOGE.”

On the time of writing, this quantity of USD Cuban talked about can be equal to some 1,440 cash.

The Mavs have what we offered in merch. I personally personal $494 price of DOGE

— Mark Cuban (@mcuban) August 15, 2021

The response was overwhelmingly damaging: many requested why he wouldn’t “practice what [he preached]”, as many in the neighborhood have invested within the asset straight due to his endorsements.

This didn’t have an effect on the worth of DOGE negatively, because the coin was the second-best performer among the many high 10 cash by market capitalization as we speak (at 13:30 UTC), going up 13.5%. It’s buying and selling at round USD 0.34. Total, it is up 40% in per week, and 90% in a month.

The coin reached its all-time excessive in Could 2021, at USD 0.73 in response to knowledge aggregator CoinGecko, largely due to Cuban’s fellow billionaire Elon Musk.

Cuban, however, has beforehand acknowledged that 60% of his crypto portfolio is in BTC, 30% in ethereum (ETH), and the remaining 10% belongs to different, unspecified crypto property. In different phrases, his newest DOGE holdings reveal won’t be that stunning.


Be taught extra:

– Mark Cuban Praises Ethereum and Retains Shopping for Bitcoin

– Mark Cuban Says He’s ‘All-in’ on Ethereum and Bitcoin

– ‘Crypto Financial institution Run’ Exhibits Mark Cuban That DYOR Comes Earlier than Regulation

– Cuban & Musk Flip up the DOGE Once more – Critics Ring Warning Bells (Once more)

– Mark Cuban Could Be Extra Concerned with Crypto, ‘Shitcoins’ than First Thought

– Mark Cuban Says Crypto Is a Retailer of Worth & Redditors Proper to ‘Kick Wall St. Ass

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