Dogecoin (DOGE) is the "strongest cryptocurrency" Mark Cuban says

Dogecoin (DOGE/USD) has continued to gain attention from Billionaires and notable figures within and outside the crypto industry. After Elon Musk’s romance with the meme-based token, it has further gained attraction from another billionaire Mark Cuban, who owns NBA team Dallas Mavericks.

In March, his NBA team stated that it will start accepting Dogecoin as payment for its ticket e-commerce sales and merchandise. Mavericks also started offering support for Bitcoin (BTC/USD) in 2019.

Mavericks to offer discounted pricing via Dogecoin 

To further show his love for Dogecoin, Cuban, via Twitter, announced that the Mavericks is planning summer merchandise that will give discounted pricing to those that pay with Dogecoin. Following his tweets, the Dogecoin community welcomed the development and thanked Cuban for such an offer.

His tweet has received over 6,000 likes and hundreds of comments. One of those comments came from the token’s co-creator, Billy Markus. 

A ripple effects 

The price of Dogecoin, in most cases, has been fueled by the activities of Elon Musk and other renowned figures who are Dogecoin enthusiasts. The recent tweet by Cuban also had a similar effect, jumping by over 4% within the past 24 hours. Doge has been largely volatile this month. But the token is still stronger after jumping from $0.20 a few days ago to $0.27.Investors are still holding on to their Dogecoin investments, probably waiting for the token to hit the $0.30 level. The cryptocurrency hit an all-time high of $0.69 back in May.

While Dogecoin was created as a joke, Cuban stated that it has an exclusive use case when compared with other crypto assets. He stated,

Cuban pointed out the strong presence and support the Dogecoin community has. According to him, it has been one of the major reasons why the token has rallied in the market.

Cuban tweeted in April that Dogecoin is very popular for the crypto community when it comes to completing transactions, he pointed out that only Ether comes close to Doge in that area.