Famous Billionaire: This Meme Coin Is Better Than Cardano!

Mark Cuban reiterated his support for the biggest meme coin, Dogecoin (DOGE). However, this time he criticized Cardano (ADA) in the process. Here are the details…

Mark Cuban does not withhold meme coin support

In an interview with Altcoin Daily, Billionaire Mark Cuban shared his comments about Dogecoin. He expressed his belief that the meme coin has more potential than Cardano. Cuban explained the reasons for his opinion. “I still think DOGE potentially has more uses than Cardano,” he said. However, until DOGE really becomes a used platform, he said, “The opportunity is bigger for Cardano.”

In response to the video, Charles Hoskinson, founder of the Cardano network, shared a “gif”. However, members of the Cardano community more openly expressed their dissatisfaction with Cuban’s statements. One user noted that Cuban’s view of Cardano remains in 2019. In particular, Cardano and Dogecoin are two very different networks in concept. Dogecoin was created as a joke to make fun of cryptocurrencies followed in the crypto community. As we have also reported as Kriptokoin.com, in practice, it is a copy of the Bitcoin code. On the other hand, Cardano was started by a team of experts who took care of precision.

Use of Dogecoin as currency

However, despite its origins, things have changed for Dogecoin as people realized its potential. It is worth noting that DOGE has been massively adopted and many people advocate the use of DOGE as currency. As a result, there has been a flurry of development on the Dogecoin network recently. Along with billionaire Elon Musk, Cuban became one of DOGE’s most influential supporters. Cuban-owned NBA team Dallas Mavericks formed a partnership with BitPay in 2021. Thus, it made it possible to accept Dogecoin as a payment method for product and ticket payment.

Mark Cuban

The crypto space often criticizes the Cardano network for its slow pace of development. However, it’s worth noting that the Cardano community has been having a good time this year as networks like rival Solana face successive cuts. In addition, the Cardano community is in a process that will bring itself closer to the Basho stage on its roadmap. It is on the verge of a major upgrade that will improve smart contract functionality and scalability.

Meanwhile, at the time of writing, DOGE ranks 11th with a market cap of $9.3 billion. DOGE’s value has increased by 2.8 percent in the last 24 hours and rallied as high as $0.0707. The coin has gained 3.5% in the last 7 days. On the other hand, Cardano ranks 6th with a market capitalization of $18.3 billion. Cryptocurrency has increased by 4.6 percent in the last 24 hours. Currently, it changes hands at $0.54.