DOGE must abandon meme status to be valued as money

There is no denying the fact that Dogecoin (DOGE) is by far-off afield afield one of the most polarizing cryptocurrency projects almost the impression today. On the one hand, many think that cryptocurrency is largely a irrationality that has long previously exceeded the limit of its okay; however, there are plus those people - including many celebrities, situation tycoons, etc. - who evidently portion that it is a feasible financial instrument that will remain for a long era, or at least are leading people to accede it.

For example, the NBA franchise owner, Dallas Mavericks, Mark Cuban, recently avowed that he is the complete confident that DOGE is here to stay and even has the potential to hit a $1 price in the stuffy well ahead. This sworn confirmation comes a few days after the Mavericks started helpful Dogecoin as a form of payment.

He also revealed that fans were already at the in the forward this last payment method and, upon March 7, the Mavs had already sold 20,000 Dogecoins - nearly US $ 1,018 correspondingly far - in merchandise, tallying: If we sell substitute 6,556.000,000 Dogecoins in Mavs merchandise, DOGE will altogether agree $1. 

It is worth mentioning that, on peak of the late growth few months, DOGE's list of prominent intimates has grown at a livid pace, in the ventilate of celebrities such as Kiss singer and bassist Gene Simmons, former adult film star Mia Khalifa and American rappers Snoop Dogg and Lil Yachty, all showing their retain for the digital asset.

However, the most prominent sponsor of the meme currency, by far, is Tesla CEO Elon Musk, who has been vocalizing his retain for DOGE through his Twitter account for a propos a year.

Source: CoinTelegraph.



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