Mark Cuban says Cardano has not had ‘much of an impact’

In a recent interview, entrepreneur Mark Cuban said that Cardano is not there yet in terms of making an impact in the crypto space.

Cardano is not there, according to Cubans

talk altcoin dailythe billionaire owner of the Dallas Mavericks criticized Cardano from a business perspective.

Applying the same lens as Shark Tank’s business pitch, Cuban said, “It must be there,” suggesting the chain failed to live up to expectations.

To justify this statement, Mr. Cuban said that the “harbinger” of success for him was trading numbers. And Cardano falls short of this metric compared to other more popular chains.

You can go to Coin Metrics and go to different places to look for transactions.

Last month’s data Messari It shows daily Cardano transactions ranging from 52,900 to 93,409. By contrast, at the same time bitcoin It ranged from 198,306 to 283,820.

Cuban noted that he has yet to see Cardano rise to the challenge and make an impact. This is all the more important given that Smart He contract is valid for his one year.

I have no idea where Cardano made a big impact. They got smart contracts a year ago and that would be the inflection point. Keep Cardano away. It just doesn’t exist.”

However, if the next great dApp is released on Cardano and everyone needs to buy ADA to use it, “the door is open for that to happen.”

When asked what advice Charles Hoskinson would give if he pitched to Shark Tank, Cuban said, “Where’s your income?”

He explained that he would ask that question because “just because it’s a cryptocurrency doesn’t mean you don’t need income.”

Whatever you do, whatever you say, how you position it, whatever the market cap, there has to be something.

Do you have a Vasil pump?

Cardano developers are currently working on the Vasil hard fork rollout, but it has been postponed for the second time after discovering three unexpected bugs.

Input Output has not yet indicated a final release date for the upgrade. However, social media buzz suggests that the price of ADA is expected to rise with the announcement of the rollout date.

Awesome…everyone else thinks so $ada Will Vasil Hardfork explode when an official date is announced?

Lark Davis (@TheCryptoLark) August 7, 2022

ADA has been on an upward trend almost since July 26, when the second delay was announced. The current price action points to an imminent retest of the $0.5578 resistance level.