Mark Cuban, a Billionaire financier and a vocal Dogecoin ( CRYPTO: DOGE) supporter, voiced his hesitation about other memecoins about a year earlier, comparing them to a “video game of musical chairs.”
Cuban Not A Fan Of Meme Coins
Throughout a podcast aired Dec. 17, 2024, Cuban exposed his absence of interest for meme coins.
” It’s simply hustle. There’s no there there, therefore it resembles a video game of musical chairs with cash and some individuals will earn money and some individuals will not,” the “Shark Tank” character stated.
Cuban included that for a meme coin task to prosper, it requires to construct a neighborhood comparable to that of Dogecoin.
” If there’s a meme that establishes a neighborhood so that it’s practically like a lotto ticket that everyone gets to discuss, then it’s not excellent, however it’s all right,” he argued.
It deserves pointing out that Cuban, likewise a minority owner of the Dallas Mavericks, has actually been a devoted fan of Dogecoin and regularly utilizes his public image and social networks reach to back the cryptocurrency.
The Mavericks formerly accepted Dogecoin as payment for tickets and product.
See Likewise: Dogecoin (DOGE) Rate Forecast 2025, 2026, 2030
A Prescient Caution?
Fast-forward a year, and many top-tier, popular memecoins are having a hard time, consisting of DOGE.
The peak memecoin, Shiba Inu ( CRYPTO: SHIB) and Pepe (CRYPTO: PEPE) have actually toppled 55%, 60% and 76%, respectively, given that the year started, far even worse than Bitcoin ( CRYPTO: BTC), Ethereum ( CRYPTO: ETH) and XRP (CRYPTO: XRP)
In reality, the overall memecoin market capitalization has actually more than halved this year and collapsed by more than 60% given that Cuban made those remarks.
| Cryptocurrency | YTD Gains +/- | Rate (Taped at 12:15 a.m. ET) |
| Dogecoin | -55.56% | $ 0.1403 |
| Shiba Inu | -60.23% | $ 0.000008409 |
| Pepe | -76.27% | $ 0.000004570 |
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