Billionaire entrepreneur and owner of NBA team Dallas Mavericks, Mark Cuban, says he has been heavily investing in two popular altcoins while waiting for the first viral crypto app to appear.
Due to its strong use cases, Cuban said in a recent interview with Crypto Banter. Ethereum (ETH) and polygon‘in (MATIC) He said that he has a very large investment.
“Bitcoin is a great savings tool, but you can see the usability and utility in Ethereum and Polygon, where I have a sizable investment.
You can see that more and more applications are starting to appear in such places. We’ll see what changes with ETH 2.0 in terms of gas fees as well, and I think Polygon has done a great job and there are other blockchains out there trying to do the same.”
Ethereum, the second largest cryptocurrency, is the leading smart contract platform. Polygon (MATIC), on the other hand, is a layer-2 scaling solution designed to enable widespread adoption of decentralized applications (DApps) on the Ethereum blockchain.
The billionaire also says he is on the alert for the first crypto-based app that will be a big hit among mainstream consumers.
“All blockchains are in some kind of life-or-death battle, all trying to attract users and applications. I think whoever launches the app where a random person walking down the street in Miami can say, ‘Oh yes, I use this too’ will win, just like Instagram.
At first, no one knew what Instagram was, but then everyone understood. It quickly went viral. We haven’t found the first viral mainstream crypto-based app yet. But we will find. That’s what I’m looking for in terms of investment.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.