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Mark Cuban: I only own 3250 Dogecoin (DOGE) which I bought with my son

  • Mark Cuban revealed he only owns 3250 Dogecoin (DOGE) which he bought with his son
  • Mr Cuban also pointed to an additional influx of Dogecoin through the sale of Dallas Mavericks goods and tickets.
  • He also stressed that supply and demand are essential to the prosperity of any digital asset.
  • Dogecoin could become a valid payment mechanism
  • Dogecoin is still above the crucial $ 0.50 support area

People’s Shark Tank judge and Dallas Mavericks owner Mark Cuban revealed that he only owns 3,250 Dogecoin (DOGE) which he bought with his son in early February. Mr Cuban also revealed that the had an additional influx of Dogecoin through the sale of Dallas Mavericks merchandise and tickets. He shared his Dogecoin holdings in the following tweet.

Supply and demand are essential to any digital asset, including Dogecoin

His comments followed a previous tweet in which he reminded crypto investors of the importance of supply and demand in any market. According to his analysis, the utility of digital assets drives demand, and DOGE may or may not survive in the long term. However, Dogecoin holders and users may well be successful in taking DOGE to new heights, as has been the case with many products in history.

Dogecoin can become a valid payment mechanism

In another Twitter comment, Mark Cuban explained that Dogecoin has defined inflation and this could allow it to become a valid payment mechanism. He explained his theory as follows.

Doge has “deterministic inflation” which means that the amount of inflation is defined. There is no uncertainty as to the amount of creation and the percentage of inflation. Which could allow it to develop as a valid payment mechanism. The unknown is whether enough people will use it this way.

Dogecoin continues to maintain Crucial support of $ 0.50

As for the price, Dogecoin is currently trading at $ 0.53 and has done a remarkable job of keeping the psychological price of 50 cents as support for the past 48 hours. The $ 0.50 price zone is once again the area to watch during tonight’s weekly Dogecoin close, which is also dependent on the performance of a weakening Bitcoin, recovering the $ 50,000 price as support. .


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