- Advertisement -

Mark Cuban says Cardano has not had ‘much of an impact’


The billionaire entrepreneur believes Cardano is not a successful cryptocurrency yet due to its low transaction volume, among other things.

mark cuban cardano

During a recent interview, entrepreneur Mark Cuban said that Cardano is “not there yet” in terms of influence in the cryptocurrency space.

According to the Cuban, Cardano was not there

In an interview with Altcoin Daily, the billionaire owner of the Dallas Mavericks criticized Cardano from a business perspective.

Using the same lens he uses for business pitches on Shark Tank, Cuban said, “There’s got to be something there,” implying that the chain fell short of expectations.

To justify this claim, Cuban said that the “hourly weather” of success for him is the number of transactions. And Cardano lacks this metric compared to other, more popular chains. “You can go to Coin Metrics, you can go to all these different places and look for transactions, and I think people in Africa don’t use it as much as they hope because you can’t see the transactions, no, you can see the fee. “…

Last month, data from Messari showed daily Cardano transactions between 52,900 and 93,409. In contrast, Bitcoin ranged between 198,306 and 283,820 over the same period.

Cuban pointed out that he has yet to see ADA rise to the challenge and intervene, which is especially important since smart contracts are valid for a year.

“I don’t know where Cardano will have a big impact. They got smart contracts a year ago and that will be the tipping point.” Let Cardano. I just don’t see it.”

However, “the door is open for it to happen” if another popular dApp is launched on Cardano and everyone has to buy ADA to use it.

When asked what advice he would give Charles Hoskinson if he were to appear on Shark Tank, Cuban said, “Where’s your income?”

He explained that he asks this question because “just because it’s crypto doesn’t mean you don’t need profit.”

“Whatever you do, whatever you say, whatever position you have in it, whatever your market cap, there’s got to be something in it.”

Will the Vasil pump come?

Cardano developers are currently working on releasing a Vasil hard fork, which they delayed for the second time after finding three unexpected bugs.

Input Output has not yet announced a final release date for the upgrade. However, social media chatters expect the ADA price to increase with the announcement of the launch date.

ADA has been trending upwards since July 26, which was approximately the period when the second delay was announced. The current price action shows an imminent retest of the $0.5578 resistance level.

Leave A Reply

Your email address will not be published.