Billionaire investor Mark Cuban has revealed yesterday (February 8) that he has bought some Dogecoin (DOGE) for his son.
On Monday (February 8), according to data by TradingView, on crypto exchange Bittrex, around 15:17 UTC, the price of Dogecoin, the world’s most popular meme cryptocurrency, hit $0.08489, which is a new all-time high.
Currently (as of 09:33 UTC on February 9), the Dogecoin price is $0.07813, up 5.65% vs USD in the past 24-hour period. This mens that Dogecoin’s market cap is around $10.11 billion, which helps Dogecoin to remain as the tenth most valuable cryptoasset by market cap. Dogecoin started 2021 at $0.00472, which means that in the year-to-date period, it’s price has gone up an incredible 1555% vs USD.
It is not unusual for Dogecoin price to rally when the Bitcoin price is rallying. However, what has really helped Dogecoin achieve such huge gains this year is the pumping of this cryptocurrency by crypto enthusiasts on Reddits, Twitter, and social media platforms, and most importantly, the constant tweeting about Dogecoin by Tesla and SpaceX CEO Elon Musk, who seems to be Dogecoin’s biggest fan.
His latest endorsement of Dogecoin came over the weekend during an interview on TMZ:
Although there are those who think that the large amount of attention that Dogecoin is getting could be bad because it might trivialise crypto in general, billionaire investor Mark Cuban does not appear to be one of them.
Yesterday, Cuban, who is the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show “Shark Tank” (which is aired on the ABC television network), revealed what he had said when a Forbes reported had recently asked him about Dogecoin and whether its popularity with retail investors is a bad thing.
And now it appear that earlier today Dogecoin managed to get some additional publicity thanks to Bloomberg Television:
