DogeCoin (DOGEUSD)

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Dogecoin Price Predictions: Why Mark Cuban Thinks DOGE Will Hit $1 — And Stay There
5/7/2021 11:31am EDT
By Brenden Rearick, InvestorPlace Assistant News Writer

If you’re sick of Dogecoin (CCC:DOGE-USD), you’d better get used to it. DOGE has gained over 96% in the last seven day, and according to a certain bullish celebrity investor, it will be here to stay. Mark Cuban is pegging DOGE at $1, and he says its will set up shop there for the foreseeable future. Read on to see how Cuban’s prediction is shaping Dogecoin price predictions.


A close-up shot of a Shiba Inu with a grinning face.
Source: Shutterstock
Cuban’s love of Doge has been growing since early 2021. He told the world that he bought some for his son to teach him about crypto. Since that educational investment, something has vastly grown his love of the coin. His NBA team, the Dallas Mavericks, accepts Dogecoin and other cryptos for ticket and merchandise purchases.

Seeing DOGE’s utility in action has inspired Cuban on Dogecoin. Yesterday at Decrypt’s Ethereal Virtual Summit, Cuban made the bullish Dogecoin price prediction: DOGE is destined for $1.

Not only that, but it will stabilize at the dollar mark. Citing the performance of the coin on the Mavericks’ e-commerce platform, he says that DOGE has an ease-of-use that makes it perfect as a stablecoin. “DOGE is becoming more of a utility in terms of currency,” Cuban said, noting that the high prices of Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD) make a mess of their utility.