Mark Cuban Thinks Dogecoin Is a Better Investment Than Cardano. Why I Think He's Wrong

Billionaire investor Mark Cuban is no stranger to controversy in the crypto world. He has called metaverse cryptos "stupid." He has used Twitter to praise the merits of Dogecoin (CRYPTO: DOGE). And now, he has even suggested that Dogecoin is a superior investment to Cardano (CRYPTO: ADA).

How can Cuban be more bullish on Dogecoin than Cardano? After all, Dogecoin is still just a silly meme coin, created as a joke back in 2013. In contrast, Cardano is a leading blockchain project with very real applications being built on top of it. This seems to be a no-brainer comparison, so it's worth digging a little deeper into Cuban's assertions.

For many cryptocurrency investors, market capitalization is a key starting point for understanding the relative value of a particular cryptocurrency. The higher the market cap of a crypto, the more valuable it is. Cardano, with a market cap of $18 billion, would appear to be almost twice as valuable as Dogecoin, which has a market cap of just $9.4 billion.

Source Fool.com