What If Cardano Was On “Shark Tank”?, Billionaire Mark Cuban Voices His Opinion

Legendary investors and “Shark Tank” investors Mark Cuban recently gave an interview sharing his views on Bitcoin, Ethereum, Dogecoin, Cardano, and other projects in the space. Cuban is a controversial figure in some crypto communities due to his heated opinions on the projects that should receive investors’ attention and those that might be poised to fail.

On Cardano, Cuban said that the network is seeing little use. The cryptocurrency and the company behind its development, Input Output Global (IOG), have announced major updates and partnerships with companies around the world and governments in the African region.

Cuban seemed skeptical about the potential for these partnerships and how they are being translated into transaction volume and other key fundamentals for Cardano. In the interview with Altcoin Daily, the legendary investor said:

There’s gotta be a there there. You gotta go to CoinMetrics, you gotta go to all this different places, and look for transactions. I guess the people in Africa aren’t using as much as they expected to because you don’t see the transactions, you don’t see the fees, you know (…) to me (transactions/network activity) is the bellwether of success (…).

In that sense, Cuban believes that Cardano hasn’t had “much of an impact” on the crypto industry. The “Shark Tank” investors emphasized that this blockchain implemented smart contract capabilities in 2021 and since then it has failed to meet expectations.

The “Alonzo” Hard Fork Combinator (HFC) event that provided Cardano with smart contract features was marketed, according to Cuban, as an “inflection point”. However, Cuban didn’t rule out the possibility that this blockchain could host the “next big thing” in crypto, he said:

(…) inflect away Cardano, I’m just not seeing it (…). If the next grade application that everyone wants to use is on Cardano and you have to buy ADA, just go for it. That’s great. The door is open for that to happen, but it hasn’t happened yet.

ADA’s price trends to the downside on the 4-hour chart.

Why Does Cuban Believe Dogecoin Has More Applications Than Cardano?

When asked if there were something that he would say to Charles Hoskinson, inventor of Cardano if he were on Cuban’s investment show “Shark Tank”, the legendary investors answered:

I would say, “where is your revenue?” Just because it’s crypto doesn’t mean that you don’t need revenues. There is this distortion in crypto called market cap, you know? You have a small flow; you get the price up (…) but it’s still a business, there’s has to be a “there, there”.

In terms of use case, Cuban claimed that Dogecoin has “more applications than Cardano”. The “Shark Tank” investor believes that Cardano has a bigger opportunity to take an application into the mainstream until Dogecoin becomes “the platform for applications”.

Cuban, just like Elon Musk, is a big Dogecoin believer and has been attempting to implement the meme coin as a payment method across some of his businesses. At the time of writing, there is no response from Hoskinson, but there seems to be a clear rejection of Cuban’s comments from the ADA community.

JuiceStorm TV

Trading The UK, IE, US And AU Betfair Horse Racing Markets 24/7

The Betfair selections we are trading above are UK time. Only filled trades or bets appear on JuiceStorm TV.

Unsure how to get involved? Take a look here.

In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.

2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.

2023 less markets were traded – 17,459 – but a with a similar profit to 2022.

All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 traders in 2022.

All results for the 48,094 Betfair markets traded are here and the charts are here.

Top 100 Comments on JuiceStorm.com

Racing Traders has over 20,000 registered members and more join every day. Find out why with a free trial.

BetTrader from RacingTraders.co.uk was the 1st application for Betfair & introduced the ladder UI. Invest £99 in yourself with a JuiceStorm EXCLUSIVE crypto only offer for a BetTrader lifetime license and no further payments.

Successful Betfair Traders have the simplest Betfair Trading systems. The difference is their selection process, experience and execution level. Get that difference for yourself with automated trading by TradeHost.

Our AI articles are NOT written by a real person and are provided for entertainment only. They may contain content which is inaccurate but we are hoping our AI bot, Rose, will become better over time. The AI category is the ONLY section of JuiceStorm.com that has zero human input.

Leave A Reply
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each JuiceStorm member is allowed two daily comments. Use them wisely.
  • Comments must be limited to the number of words displayed above the comment box.
  • Use branded capitalisation, eg. JuiceStorm, TradeHost, BetTrader, etc or John will get upset.
  • You agree that any comment you make may be used for marketing purposes by JuiceStorm.com.
  • You need more than 20 words? Click here for the largest Telegram community for Betfair Traders.