At this point it is highly unlikely that you have not heard of Dogecoin (DOGE), the cryptocurrency that rose to prominence a few years ago and now seems to be going strong. But it is one thing to hear about it, to know that it was on the rise and another is to adopt it, buy it and promote it. This time we present you some companies that surprisingly denote a greater adoption of DOGE.
The story of how what started with a meme is now valuable even in the world of basketball. You laugh, but it’s true.
Dogecoin (DOGE) now in the basketball world, higher adoption overall
A curious Dogecoin adoption news is that now the Dallas Mavericks will accept DOGE as payment. This is part of an agreement with crypto payment service provider BitPay.
BitPay is the world’s largest crypto payment service provider. Thus, seeing that it is now offering it as a form of payment supports DOGE’s remarkable resurgence. It’s like watching a zombie revive, since it had basically been dead for all of 2020, sometimes trading for less than half a penny.
Here it is worth mentioning that the Mavericks began to accept BTC as a payment method for almost two years, so one might think that DOGE is not so new for them.
However, the ad hints at the emotion behind it. “The Mavericks have decided to accept Dogecoin as payment for the Mavs’ tickets and merchandise for a very important and momentous reason: because we can!” said Mark Cuban, the team’s billionaire owner.
Cuban’s precedents with DOGE exist. Earlier last month, Cuban tweeted that he had bought something from DOGE for his son to teach him about the crypto markets. “For those of you who want to learn more about Dogecoin, we highly recommend that you talk to your teens on TikTok and ask them about it. They can explain everything, ”Cuban said.
Also, ATM provider CoinFlip recently announced that DOGE can now be purchased with cash on its network of 1,800 machines.
The journey of the cryptocurrency is considerable, and explains the interest it has generated
In just a few short months, DOGE has gone from being a meme coin to being valuable to many. Interest in cryptocurrency began when people ranging from Tesla CEO Elon Musk to Snoop Dogg bought Dogecoin.
Soon, the coin captured the imagination of the crypto-buying public and has occasionally surpassed BTC as the most-mentioned cryptocurrency on Twitter.
So far this year, DOGE is up roughly 1000%, trading around five cents at press time, and now has a market capitalization of more than $ 6 billion. At the beginning of the year, it was over $ 10 billion.
All in all, it’s been quite a tale and judging by the BitPay news of the day, DOGE may still have ways of having more adoption in the future. But let’s remember that there is always intrinsic risk to these fleeting and volatile increases.