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08/09/2022

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Mark Cuban Says DOGE Has More Utility Than ADA

Shark Tank investor Mark Cuban says Cardano (ADA) has yet to prove itself as a viable crypto project compared to some other big names. In an interview with Altcoin Daily, Shark Mark Cuban said that if Charles Hoskinson were...

Mark Cuban Says DOGE Has More Utility Than ADA

Shark Tank investor Mark Cuban says Cardano (ADA) has yet to prove itself as a viable crypto project compared to some other big names.

In an interview with Altcoin Daily, Shark Mark Cuban said that if Charles Hoskinson were to join Shark Tank, he would ask about Cardano’s revenue.

“I guess people in Africa don’t use it as much as he expected because you don’t see transactions, you don’t see fee revenue.. Look at the number of transactions. For me, that is the key to success…

I don’t see where Cardano can make much of an impact. They completed the smart contract a year ago, which will be their development point. But nothing

That doesn’t mean…look, I compared it to Ethereum, to Polygon. If you want to use something great on Cardano, you must have ADA to use it.”

Cuban says that while Cardano has a large market cap, that’s not necessarily a sign of success. The billionaire said that Dogecoin (DOGE) also has a large market cap, and in his view, it has more utility than ADA.

ADA is currently trading at $0.53, up 0.48% over 24 hours band 5.1% on the week.

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