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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Musk and Cuban again help Dogecoin

August, 16 2021
watermark Economic news

American billionaire and the owner of the Dallas Mavericks basketball team, Mark Cuban, decided to help Elon Musk, the founder of Tesla, in his efforts to send Dogecoin to the moon.


Cuban boosted cryptocurrency growth last Friday by promising special discounts during the summer sale of club merch for those paying with Dogecoin. Moreover, the billionaire named Dogecoin as the strongest cryptocurrency in terms of medium of exchange.


Elon Musk also joined the "discussion" of the altcoin, writing on his Twitter account: «I've been saying this for a while now.»


As a result, over the past day, the coin has risen in price by 16.8%, and over the week – by more than 45%.


It is worth noting that the Dallas Mavericks are not the only team in the sports world who have shown an interest in cryptocurrency. In the new season, the logo of the coin will appear on the uniform of the Premier League football club Watford.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.