Billionaire investor Mark Cuban is engaging Cardano holders, saying that Dogecoin (DOGE) is a more viable option for payments than ADA.
Replying to a thread on Twitter, Cuban tells his 8.8 million followers that while Cardano may be capable of running more applications on its blockchain, Dogecoin still currently fulfills more utility.
“What matters is the expectation for the token. If you think it’s always going to go up, why would you spend it on food or rent? ADA maxis give you 1,000 reasons why it will go up. DOGE users have fun in the community, want it to go up, but know the value is in it being transactional.”
The Shark Tank star says that while Cardano is capable of a higher transaction per second (TPS), plus has a bigger total value locked (TVL) number, he says that those terms are mostly overplayed.
According to Cuban, time will tell which blockchain has the best utility, and that it will likely come when someone develops that “game-changing” app, which could be on any number of chains.
“This isn’t a competition between platforms. Although each platform’s maximalists would like to think so. It’s a competition between applications to drive crypto use by non-crypto users. The winning app will determine which underlying chain will get the most use.
I should add, that the competition isn’t just between crypto apps, it’s with non-crypto apps as well. Users have to be convinced to leave their current apps. Those are not easy habits to break. If that game-changing app is on ADA, BADA, SCHMADA or NADA, it won’t matter.
Maximalists are going to be maximalists. Messing with BTC or ADA or other maximalists is great sport. But it changes nothing. We have not seen that game-changing app yet. But we will all know it when we do because everyone we know will be telling us to use it.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Digital Store/MrArtHit
