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Billionaire investor\u00a0Mark Cuban\u00a0<\/strong>believes that while the opportunity for\u00a0Cardano\u00a0<\/strong>ADA\/USD<\/span> as a smart contract platform may be greater,\u00a0Dogecoin\u00a0<\/strong>DOGE\/USD<\/span> still has more potential applications for the time being.<\/p>\n What Happened:\u00a0<\/strong>In a recent interview with\u00a0Altcoin Daily<\/a>, Cuban explained why he does not view market cap as an accurate indicator of a cryptocurrency project’s inherent value.<\/p>\n \u201cIf you do enough staking, and you have enough inflation, and you can stake enough that people don\u2019t sell too much, you\u2019re gonna have a big enough market cap,\u201d he said, talking about Cardano\u2019s place in the top 10 cryptocurrencies.<\/p>\n At press time, Cardano had a market cap of $17.8 billion, while DOGE had $9.2 billion, according to CoinMarketCap data.<\/p>\n The\u00a0Shark Tank<\/strong>\u00a0investor named meme coins Dogecoin and\u00a0Shiba Inu\u00a0<\/strong>SHIB\/USD<\/span> as examples of coins that have \u201chuge market caps.\u201d<\/p>\n Cuban’s DOGE Thesis<\/strong>: \u201cI still think DOGE has got more applications potentially available to it than Cardano,\u201d said Cuban.<\/p>\n \u201cThe opportunity for Cardano is greater until DOGE really becomes a platform for applications.”<\/p>\n Blockchain-based cryptocurrency projects are still a business, Cuban said, no matter how they are positioned or how high their market cap is.\u00a0<\/p>\n After assessing the number of transactions on the Cardano blockchain, Cuban said he failed to see any great impact from the cryptocurrency.\u00a0<\/p>\n However, he said there would be a significant opportunity for it if the next big application that everyone wants to use is built on Cardano.<\/p>\n \u201cThe door is open for that to happen, but it hasn\u2019t happened yet,\u201d he said.<\/p>\n See Also:\u00a0<\/em>HOW TO BUY CARDANO (ADA<\/em><\/a>)<\/em><\/p>\n Price Action:\u00a0<\/strong>At press time, ADA was trading at $0.524, up 2.91% over the last 24 hours as per data from\u00a0Benzinga Pro<\/a>. DOGE was trading at $0.069, up 1.15% over the same period.<\/p>\n<\/div>\n