American billionaire entrepreneur Mark Cuban believes that Dogecoin has more application potential and use cases than Cardano in Altcoin Daily Podcast.
In a podcast, Cuban spoke on the differences between Cardano and Dogecoin. Cuban claimed that market capitalization is not a valid indicator of a cryptocurrency’s worth.
“You know, my thoughts on Cardano are the same as they are on Polygon and Ethereum,” Cuban said. “There’s got to be a there, there.”
He added, “The opportunity for Cardano is greater until DOGE really becomes a platform for applications.”
However, in his remarks on Cardano, he talked about its smart contract capability. He says that while Cardano has had smart contracts for some time, he doesn’t see where Cardano has had much impact.
While pointing out the number of transactions on the Cardano blockchain, he stated that he doesn’t see any major impact from the cryptocurrency. However, he quoted that Cardano would have a significant opportunity if some big application that everyone wants is built on it.
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He believes that blockchain-based crypto projects are still a business irrespective of how greater dominance their market has.
Also, the host insisted on knowing what piece of advice Cuban wished to give Cardano co-founder Charles Hoskinson if he came on his famous show “Shark Tank”.
He replied, “I say, ‘Where are your revenues?’ just because it’s crypto doesn’t mean revenues are an afterthought.”
“There’s this distortion in crypto called market cap,” he added. “You have a small float, you get the price up enough, and you have a total number available from the treasury at a billion. You make it a $10 token, and now you have a $10 billion total market cap.”
Currently, Cardano has over $18 billion market cap, while dogecoin has almost half of it with around $9.3 billion market cap.
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