Dallas Mavericks Fans Pay for Merchandise and Tickets With Dogecoin Worth of $122,000

The Mavs recently announced that they will accept DOGE to pay for tickets and merchandise. Dallas Mavericks owner and billionaire Mark CUBAN tweeted that his team's fans bought over $122,000 worth of merchandise and paid for the purchases in Dogecoin (DOGE). He also added that he intends to keep every token earned.

Given the nebulous use case for DOGE and its infinite quantity, this turn of events was somewhat surprising. Dogecoin was created in 2013 by Billy MARKUS and Jackson PALMER as a way to make a joke on an industry that is being taken too seriously. But what started out as a joke has turned into something serious.

Dogecoin started 2021 at $0.005 and ended Q1 2021 at $0.054. At the height of the hype in late January, Dogecoin jumped to $0.10. Data for the first quarter of research firm Messari showed that Dogecoin significantly outperformed all other cryptocurrencies, including major players such as Bitcoin, Litecoin and XRP. At the time of this writing, the Dogecoin price was $0.1315.

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