DOGE isn't bad looking for crypto users, says Mark Cuban, as the price goes up another 8% - News-Credit-Mortgage-Coin


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Monday, February 8, 2021

DOGE isn't bad looking for crypto users, says Mark Cuban, as the price goes up another 8%

The billionaire described the token as "the most affordable economics teaching tool available" on the market.

Amid recent recommendations from celebrities and techies, the price of the meme-based cryptocurrency Dogecoin has risen more than 700% in the last month. Now even billionaire Mark Cuban says he understands the charm.

In a tweet from the Shark Tank star and Dallas Mavericks owner today, Cuban said Dogecoin (DOGE) was the "best entertainment bang for your buck" in the crypto market and didn't consider it a "bad look" for investors to consider the sign.

"[DOGE] gives you a better chance of winning than a lottery ticket, while also teaching you the economics of supply and demand and introducing people to crypto claims," the Cuban said. "I really love it as the cheapest economics teaching tool available that entertains at the same time."

DOGE Mark Cuban,
 DOGECOIN Mark Cuban

In the past 24 hours, the price for DOGE has increased more than 8%, reaching $ 0.0782 at the time of publication, which is an increase of around 700% in 30 days. The price was likely pumped by statements from Tesla CEO Elon Musk, who regularly tweeted about the cryptocurrency through memes, polls and bullish remarks.

Musk isn't the only one on board with DOGE. Over the weekend, rappers Snoop Dogg and Kiss' Gene Simmons took to Twitter to express their support for the Doge Army. Simmons said he believed the price of the token will "go up". In the three days since that tweet, the price of DOGE has increased by more than 50%.

It remains to be seen whether Cubans will become full members of the Doge's Army. At the moment, the billionaire said he bought $ 5 DOGE for his son Jake just for his entertainment and financial education. The 11-year-old was part of the group of private investors who bought AMC Entertainment and Blackberry shares in January.

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