As celebrity adoption continues, Dogecoin soars $80 percent to a new all-time high

As celebrity adoption continues, Dogecoin has reentered the top ten and reached a new all-time high of $0.14.

After a month of accepting Dogecoin payments for tickets and other items, NBA team Dallas Mavericks owner Marck Cuban said the team has sold more than 120,000 DOGE in merchandise and pledged to keep the meme coin. Guy Fieri, a US restaurateur, is the latest celebrity to embrace meme-based cryptocurrency. As a result, DOGE has risen nearly 80% in a single day to a new all-time high of about $0.14.

The NBA’s Dallas Mavericks are promoting Dogecoin.

Following the huge craze surrounding the Shiba Inu meme-based coin, which was possibly sparked by Tesla’s Elon Musk, a slew of celebrities jumped on board. Among them was Mark Cuban, the billionaire businessman and Shark Tank star. He took it a step further by accepting Dogecoin for tickets and merchandise for his NBA team, the Dallas Mavericks. Currently, Cuban has responded emphatically to the issue of why his team chose DOGE by saying, “Because we can.” On his Twitter account earlier today, Cuban gave an update on the Dogecoin campaign, stating that the Mavs have sold more than 122k DOGE in merchandise.

Dogecoin has increased by 70% in the last 24 hours.

Previously, Guy Fieri, a well-known American restaurateur, author, and Emmy Award-winning TV presenter, joined the craze by posting a photo of himself in a Shiba Inu-themed space suit with the caption “Rolling out to the MOON.” Following endorsements, the meme coin is prone to massive price spikes. So far, Elon Musk’s influence has arguably had the greatest impact on the token’s value. Tesla CEO Elon Musk has remained unusually silent on the subject.Nonetheless, DOGE has increased by more than 70% in the last 24 hours. Yesterday, the cryptocurrency was trading around $0.085; nevertheless, the remarkable rise propelled it to new peaks. As a result, Dogecoin surpassed its previous peak and set a new high of just under $0.14.

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