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Dogecoin surges by 355% in a week! Dallas Mavericks owner Mark Cuban: "HODL, miracles will happen"

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Dogecoin surges by 355% in a week! Dallas Mavericks owner Mark Cuban: "HODL, miracles will happen"

Dogecoin (DOGE) had a strong week, reaching a historic high of $0.28, more than 100% increase from the previous week, surpassing Uniswap, Litecoin, and Chainlink to become the eighth largest cryptocurrency by market capitalization. A prominent Dogecoin supporter announced on the 14th that their company will always hold Dogecoin.

Not Selling a Single Dogecoin

This person is not Elon Musk, but Mark Cuban, the owner of the NBA's Dallas Mavericks. In March of this year, under Cuban's initiative, the Mavericks partnered with cryptocurrency payment processor BitPay to announce that they would accept Dogecoin as payment. Fans can use Dogecoin to purchase game tickets and merchandise. After the surge in Dogecoin value, Cuban tweeted that the volume of Dogecoin payments by fans has significantly increased, and he pledged that the company will not convert these Dogecoins into fiat currency.

"Just to update, in the last month, the amount of Dogecoin payments in Mavericks sales has increased by 550%. We've sold over 122,000 DOGE through merchandise sales! We will not sell a single Dogecoin. So, keep spending at the Mavericks shop."

https://twitter.com/mcuban/status/1382170216986120193

The total sales of 122,000 DOGE are approximately worth around $34,000, which may seem insignificant compared to the Mavericks' total sales, but Cuban's commitment to never sell, along with his bold prediction in March that DOGE would surpass $1, has sparked endless imaginations among many investors regarding the future of Dogecoin.

While Elon Musk, who has tweeted about Dogecoin multiple times and is closely associated with it, did not share many thoughts this time. He only posted an image today with the comment:

"Doge Barking at the Moon."