bt-crow.com
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Famous billionaire Mark Cuban believes that Cardano (ADA) has not yet proven itself as a viable crypto project compared to some other big names.
Cuban wonders where the real use of the Cardano network is:
“My guess is that people are not using Cardano as much as expected as we are not seeing a lot of transaction volume and fee income. Take a look at the number of transactions, as for me this is the key to success. I can’t see where exactly Cardano is having a major impact on the crypto industry. Smart contracts were launched a year ago, which should have been a game-changer, but nothing happened.”
The billionaire noted that while Cardano does have a sizable market capitalization, that fact is not necessarily indicative of success. Cuban noted that the Dogecoin (DOGE) meme coin also has a huge market cap and even more utility than ADA:
“Dogecoin has a huge market cap, and so does Shiba Inu. In my opinion, Dogecoin has potentially more use cases than Cardano, although Cardano still has more possibilities.
There must be a real business model, and whatever the market capitalization is, this is not the most important thing. That is why Cardano has tried so hard to add support for smart contracts, but there are no results yet.”
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