One of the planet’s best fitness experts named Jillian Michaels, recently revealed a substantial investment on her part into both Cardano (ADA) and Dogecoin (DOGE). As of the time of this writing, ADA is trading at $1.71 with a negative change rate of 1.7% in the past 24 hours, and DOGE is trading at $0.38, which is a 0.2% decrease since yesterday.
The news should come as no surprise as many mainstream stars and people of influence have become increasingly involved with cryptocurrency over the past couple of years, chief among which being the likes of Tesla CEO Elon Musk and Shark Tank’s Mark Cuban. Elon Musk, in particular, has been extremely supportive of DOGE, whereas Mark Cuban has recently begun to show an interest in ADA, with Charles Hoskinson himself pitching the project to the owner of the Dallas Mavericks.
Cuban remains hesitant about Cardano
Despite the pique in his curiosity, Mark Cuban has nevertheless remained cautious about fully investing in Cardano as of this time. He argues that simply lowering transaction fees and increasing transaction throughput on blockchain platforms for Layers 1 & 2 are not enough and that there is a requirement of a current and immediate network effect as well as crucial user growth.
Also read:Cuban went on to say that he has personally never witnessed any application that has been successfully powered by Cardano, prompting Charles Hoskinson to pitch the project to him, which he did online (after Cuban had rejected Hoskinson’s invitation to discuss the matter in person).
Hoskinson then went on to explain that Cardano has an ongoing partnership with Ethiopia’s government and that there are thousands upon thousands of assets that have in fact been successfully issued on Cardano, as well as a practical dApp ecosystem that is preparing for the launch of smart contracts, and lastly a growing worldwide community.
Jillian Michaels gets involved
After Hoskinson gave his pitch to Mark Cuban, the latter then wished Charles the best of luck for his future.
This prompted Jillian Michaels to share her thoughts on the matter when she revealed that while DOGE can be an interesting investment, at the end of the day, ADA is clearly the superior choice. Interestingly enough, Cuban had also supported DOGE in the past alongside Elon Musk.
Jillian then revealed that while her investments in DOGE (which were said to be about $10,000) did manage to make a substantial profit, she also staked about $500,000 worth of ADA.
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