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As the asset’s rally continues, the number of millionaire investors in the Cardano cryptocurrency ADA has increased by at least 13 fold in 2021 alone. 

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Billionaire Mark Cuban had earlier today tweeted his take on DAO’s and their effect on legacy businesses in the future.

When asked by a Twitterati if he was referring to Cardano, Cuban replied with a simple “LOL. NO”. 

This response has made people wonder whether or not he was convinced by Cardano’s utility pitch done by Hoskinson last week. Deciphering his tweet even further, folks have started assuming and guessing who he was referring to. Is it Dogecoin or some other token? Well, everybody have to wait for another reply. 

Mark Cuban earlier had shown interest in knowing Cardano’s utility and had even said accepting  ADA as payment was a possibility. “Happy to sell for ADA” read his tweet.

What’s Up with Cardano

Cardano(ADA) after achieving its ATH of $2.46 on May 16, started going down south with a major 65% dip. However, It is now in a great recovery phase as it has gained 10.73% in the last 7 days. This recovery is powered by its launch of the long-awaited Alonzo Testnet.

At its current price, Cardano is still down 29.39% from its all-time high of $2.46 set on Sunday, May 16, 2021.

Meanwhile, Cardano founder Charles Hoskinson in his new YouTube Video has given one more opinion. He says Central Banks will Vanish and Crypto will replace them. 

”You can’t go back. You can’t change that, you can’t put that genie back in the bottle. Central banks will fade away. It’s just going to happen. Your conventional legacy banks are going to fade away. The payment rails that are so nepotistic, corrupt, and slow.”

He says that central banks are no longer the efficient institutions they used to be, describes them as slow and corrupt.

At the time of writing, Cardano is trading at $1.71 with a market cap of $54.86B.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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