This Meme Coin Is More Useful Than Cardano!

Billionaire Mark CubanIn a new interview on cryptocurrency-themed YouTube channel AltcoinDaily, he revealed that he thinks Dogecoin, the leading meme cryptocurrency, has more applications than Cardano.

“Shark Tank” star claims people in Africa are not using blockchain as much as they expected Cardano opened its ecosystem to deep discussion.

Cuban also underlined that Ethereum rival Cardano has had little impact despite launching smart contracts almost a year ago.

Criticism of Cardano by the billionaire investor who made a fortune during the “dot-com boom” of the late ’90s is hardly new. Cuban tweeted last May that he was unaware of any potential use cases for the popular proof-of-stake blockchain.

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Koinfinans.com As we reported, Cuban continued to be concerned about the lack of innovation in the cryptocurrency space, and shared the criticism that “Instead of seeing real innovation, you see reproduction.”

Approaching Ethereum The Merge Referring to the update, Cuban; He thinks there is too much uncertainty about Ethereum’s transition to proof-of-stake. He added that the success of blockchain will largely depend on whether more applications are adopted or not.

Cuban, the owner of Dallas Mavericks, one of the leading teams in the NBA, criticized the US Securities and Exchange Commission’s approach of “regulation by litigation” and stated that regulations should be emphasized. At the same time, he says he avoids mentioning Ripple because of its overly aggressive community.

According to Cuban, regulatory uncertainty caused by the regulator is the primary reason why there are more crypto companies in Singapore and the Bahamas.

The billionaire also criticized investors who bought virtual land on Metaverse, saying that the word “stupid” was not a strong enough word to characterize them. Virtual land sales have started to decline in recent months amid the crypto debacle.

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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.

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