Connect with us


‘What can you do with your Cardano today?’


on partners with Shapeshift, exchange digital assets with a 2-click process
Source: Unsplash

Bitcoin‘s downward trend continued even as it failed to overcome the $50,000 mark (yet again). On the flip side, Cardano [ADA] registered a massive surge in the past few weeks. The fourth-largest cryptocurrency recorded yet another ATH, currently trading at the $2.40 mark, noting a 14.24% hike in the past 24 hours.

Crypto proponents too expressed their extreme bullishness with regard to the altcoin.

Source: Cryptocurrency Market Overview. Source: Quantify Crypto

Needless to say, with the demand surge, it’s bound to get some attention. Billionaire investor, Mark Cuban tweeted regarding the altcoin. He expressed his curiosity for ADA.

The Shark Tank star doubted ADA’s utility; he stated:

This resulted in IOHK CEO Charles Hoskinson making an effort to clarify Cuban’s ADA doubts. He responded:

“You’re breaking my heart mark… But levity aside. Come by the farm in Colorado sometime and let’s chat.”

In another series of tweets, Cuban directly expressed his willingness to accept ADA but only under one condition – ‘If you can get bitpay to take it. I’m happy to sell for Ada.’

This was the first time Mark Cuban, an avid Bitcoin and Ethereum supporter cited his interest in another coin (barring Doge).

In response to Cuban’s questions. Hoskinson recently recorded a video to explain in detail the challenges that ADA faced. He added:

“It’s a big ecosystem. It’s a complicated topic. It’s not Doge. It’s not easy. It’s not just one thing.”

Addressing the alt’s utility, 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 worth of ADA are moving on a daily basis…Unlike Ethereum, you can vote with it…”

Read the best crypto stories of the day in less than 5 minutes

Subscribe to get it daily in your inbox.

Please select your Email Preferences.

Shubham is a full-time journalist/ Crypto data analyst at AMBCrypto. A Master's graduate in Accounting and Finance, Shubham's writings mainly focus on the cryptocurrency sector with particular emphasis on market research studies and communications for >2 years. Also, a die-hard Chelsea fan #KTBFFH.

Click to comment

Leave a Reply

Your email address will not be published.

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.