Billionaire Mark Cuban believes Dogecoin has more potential than Cardano

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Dogecoin

Billionaire Mark Cuban stated in an interview with Altcoin Daily that the Dogecoin network has more potential than Cardano.

“I still think DOGE has got more applications potentially available to it than Cardano … but the opportunity for Cardano was greater until DOGE really becomes a platform for applications,” Cuban said, giving reasons for his view.

In response to the video, Charles Hoskinson, the founder of Input Output Global (IOG), the company managing the Cardano chain, chose to use a GIF depicting two people in a mocking agreement. Other Cardano community members, on the other hand, were more vocal in their dissatisfaction with Cuban’s statements. One user observed that Cuban’s opinion of Cardano appears stuck in 2019.

Read also: Shiba Inu Community Burns Over 650 Million Tokens in the Past Seven Days

Notably, Cardano and Dogecoin are two very different networks in their conception. While Dogecoin is essentially a copy of the Bitcoin code with minor iterations created as a joke to mock the crypto community’s cult following, Cardano was founded by a team of experts with an eye for precision.

Dogecoin’s Adoption Continues to Increase

However, despite its origins, Dogecoin has seen widespread adoption as people recognize its potential, with many advocating for its use as a currency. As a result, there has recently been a surge of activity on the Dogecoin network.

Cuban and fellow billionaire Elon Musk are one of DOGE’s most powerful supporters. Through a partnership with BitPay, Cuban enabled his NBA team, the Dallas Mavericks, to accept Dogecoin as payment for merchandise and tickets in 2021.

Related article: Elon Musk Claims That Dogecoin’s Total Transaction Capacity Is Much Higher Than Bitcoin’s

It is worth noting that, while the crypto space frequently criticizes the Cardano network for its perceived slow pace of development, the Cardano community has been the one laughing this year as detractors such as Solana have experienced multiple outages. On the other hand, the Cardano community is on the verge of a major upgrade that will bring it closer to the Basho phase of its roadmap, ushering in improved smart contract functionality and scalability.

Cardano and Dogecoin are currently ranked seventh and eleventh in market capitalization, respectively.