Billionaire Mark Cuban predicted a rise in the price of Dogecoin (DOGE) to $ 1 at the virtual Ethereal summit.
“I think Dogecoin could level out at $ 1 and become something of a stablecoin. In the long term, its rate can be pegged to $ 1. This is my guess, “said the billionaire.
According to Cuban, the meme cryptocurrency is better suited to the role of currency than bitcoin, because it is easier to make transactions with it.
The billionaire also noted the benefits of unlimited supply of Dogecoin. He is confident that issuing 5.2 billion coins annually is good.
“Because you can own it. You know the exact rate of inflation, which is going down, and it is only 5.2 billion units per year, ”added Cuban.
On May 8, the Dogecoin price renewed its all-time high at $ 0.74.
Binance DOGE / USDT chart by TradingView.
Cuban previously talked about the benefits of Bitcoin, Ethereum and Dogecoin. He noted the growing popularity of the meme cryptocurrency.
In late April, the billionaire called Robinhood’s policy an obstacle to Dogecoin’s growth.
In early April, Cuban revealed his cryptocurrency portfolio. The billionaire said that he concentrated 60% in Bitcoin, 30% in Ethereum, and 10% in other digital assets.
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