Dogecoin storm is blowing in the cryptocurrency markets. The support of Tesla’s CEO, Elon Musk, is undeniable in Doge’s success.. Now, another US-based billionaire supports Doge with his statements.
Dogecoin is also supported by the famous US billionaire!
< Thanks to Elon Musk's tweets and the support of ardent Doge supporters, Doge has topped the rankings in the cryptocurrency markets.. Doge rose to the position of the 4th most valuable cryptocurrency.
On May 5, 2021 (yesterday), Dogecoin broke an all-time record by seeing over 69 cents.
According to the Forbes list, Mark Cuban, named the 177th richest person, manages a fortune of 5 billion dollars. Famous US billionaire Mark Cuban, who attended the Ethereal Virtual Summit today, claimed that Doge would easily go up to $1 and be fixed at this level.
Please See: Bad news for US Bitcoin investors from the court!
Cuban says Doge will see 60-70-80 cent ranges respectively in the short term, but in the long run He stated that he would reach 1 dollar. Cuban also predicts that Doge will be used extensively as a means of payment due to its low operating fee.
Mark Cuban also praised Ethereum in his statements.. The main factor that makes Bitcoin valuable is that the BTC supply is limited to 21 million.. 900 BTC are released daily.
Cuban claims that Ethereum’s supply is negative, unlike Bitcoin. A significant amount of ETH is withdrawn from the market in the Ethereum ecosystem, which is in the process of transitioning to a staking-based mining system.. This process turns Ethereum supply negative.
Cuban sees DeFi (decentralized finance) applications as the main reason for the increase in value in Ethereum.
Please See: The most asked question in the market: Bitcoin or Ethereum?
Mark Cuban, owner of Dallas Mavericks! Dallas Mavericks recently announced that they have started selling tickets through Doge.