Mark Cuban recently questioned the real usefulness of Cardano (ADA)
Bitcoin’s downward trend continued, even without surpassing the $ 50,000 mark (again). On the other hand, Cardano [ADA] registered a great increase in the last few weeks. The fourth largest cryptocurrency registered another ATH, currently trading at the $ 2.40 mark, registering an increase of 14.24% in the last 24 hours.
Cryptocurrency proponents also expressed their extreme optimism about altcoin.
Source: Overview of the cryptocurrency market. Source: Quantify Crypto
Needless to say, as demand increases, it is likely to receive some attention. Billionaire investor, Mark Cuban tweeted about altcoin. He expressed his curiosity for the ADA.
The Shark Tank star doubted the usefulness of the ADA; he stated:
Are you, personally, able to use $ ADA for anything? If so, what have you used it for? That’s the question I ask about all Crypto. Do you find yourself using it for anything that you find value in? https://t.co/qTt3ndjKhI
– Mark Cuban (@mcuban) May 15, 2021
“Can you personally use $ ADA for anything? If so, what did you use it for? That’s the question I ask about all cryptocurrencies. Do you start using it for anything you consider worthwhile? ”
This resulted in the IOHK CEO, Charles Hoskinson, making an effort to clarify Cuban’s doubts about the ADA. He replied:
“You are breaking my heart … But levity aside. Come over to the farm in Colorado someday and let’s talk. ”
In another series of tweets, Cuban directly expressed its willingness to accept the ADA, but only under one condition:
“If you can get the bitpay to accept it. I am happy to sell to Cardano. ”
This was the first time that Mark Cuban, an avid supporter of Bitcoin and Ethereum, cited his interest in another currency (except Doge).
In response to Cuban’s questions, Hoskinson recently recorded a video to explain in detail the challenges facing the ADA. He added:
“It is a big ecosystem. It is a complicated subject. It’s not Doge. It’s not easy. It is not just one thing. ”
Addressing the utility of the alt, Hoskinson stated:
“What can you do with your ADA today? You can issue assets, you can buy wine, you can stay in hotels (more than 50,000 locations). Billions of dollars in ADA are moving daily… Unlike Ethereum, you can vote with her… ”