Recently, Dallas Mavericks owner Mark Cuban predicted that the price of the token would eventually reach $ 1.

In a tweet, he said customers had used more than 20,000 Dogecoins in transactions for the Dallas Mavericks, claiming the franchise was now "the world's largest Dogecoin trader."

The Mavericks were among the first franchises in the NBA to recognize crypto as a form of payment for tickets and goods after they began accepting BTC two years ago through the BitPay portfolio company. DOGE has risen in recent months as billionaires, including Cuban and Tesla CEO Elon Musk, mentioned the coin on social media. Musk's tweets probably contributed to the rise in the price of the token to $ 0.01 in January to a record of $ 0.078.