Billionaire Shark Tank investor Mark Cuban seems to follow small cryptocurrencies firmly. Here are the details…
Mark Cuban reveals his crypto portfolio
In an interview with Altcoin Daily the other day, Cuban revealed the low-cap altcoins on his radar. He also revealed the reasons why he kept them. Cuban’s first coin was KlimaDAO (KLIMA). This is a decentralized autonomous organization that seeks to increase the cost of carbon emissions to reduce emissions worldwide. KlimaDAO encourages users to purchase carbon credits or BCTs specified on the Blockchain.
Cuban retains both KLIMA and BCT as a way to offset its carbon footprint. As we have reported as Kriptokoin.com, it first announced this in November. Apart from KLIMA and BCT, Cuban said he owns ApeCoin (APE), Blocto Token (BLT), Injective Protocol (INJ), and Lithosphere (LITHO). Cuban said he is holding BLT because it provides the wallet for Flow (FLOW). He also holds LITHO for its role in integrating artificial intelligence with NFTs.
Cuban is also keen on the Alethea Artificial Liquid Intelligence Token (ALI). The ALI is designed to bring science fiction visuals and concepts into the metaverse with the unique proposition of an intelligent NFT called an iNFT that can be trained to raise the level of intelligence. In addition, the investor says he is following the Ocean Protocol (OCEAN), which aims to collect and monetize user data. In terms of major cryptocurrencies, Cuban previously said that there is a decent amount of Bitcoin (BTC). However, she stated that she was more of an Ethereum maximalist.
Other statements by Mark Cuban
Cuban also made other statements in the said interview. The most notable among them was his argument that DOGE was better than ADA. Cuban considered the differences between the decentralized application platform Cardano and Dogecoin, and the one with the most potential. “You know, my thoughts on Cardano are the same as my thoughts on Polygon and Ethereum,” Cuban said.
Cuban said that he looks at the number of transactions on a Blockchain and that it is a harbinger of success. “I think people in Africa are not using [Cardano] as much as expected. Because you don’t see the transactions, you don’t see the fees,” he said. He says that while Cardano has had smart contracts for a while, he hasn’t seen it having much impact. Cuban says the next great app everyone uses can be built on Cardano. “The door is open for that to happen, but it hasn’t happened yet,” he said.
Cuban stated that Dogecoin has a market cap of $9.3 billion and Shiba Inu has a market cap of $6.7 billion, saying that the problem with skewed market values is not an issue with Cardano. “I still think DOGE has more potential uses than Cardano,” Cuban said, adding that he believes the opportunity is greater for Cardano. At least until Dogecoin also becomes an app platform.
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