DOGE price rose by about 17% amid Cuban and Musk statements

by in Cryptocurrency News

Dogecoin

Over the past day, the Dogecoin (DOGE) meme cryptocurrency has risen in price by 16.8%, and over the week - by more than 45%. The price accelerated its growth amid new statements by Mark Cuban and Elon Musk.

On Friday, August 13th, the owner of the Dallas Mavericks basketball team announced special discounts during the summer sale of club merch for those who will pay in Dogecoin.

On the same day, Cuban called Dogecoin "the strongest cryptocurrency in terms of the medium of exchange."

“I've been saying this for a while now,” Elon Musk supported him.

Trending: Pi Network Announced Launching Pi Wallet on the Testnet

On August 15, Mark Cuban expressed his opinion on the benefits of meme cryptocurrency.

“What people overlook at DOGE is that imperfection and simplicity are its strengths. You can only use a coin for two things: spend or hold. Both are easy to understand. And it's cheap to buy. All this makes Dogecoin a community that anyone can join,” he wrote.

Another positive news for Dogecoin was the announcement of the sports publication The Athletic that in the new season the logo of the coin will appear on the uniform of the English Premier League "Watford" football club. That will be the result of the team's sponsorship deal with cryptocurrency online casino Stake.com.