The investor with a lot of money said he became interested in cryptocurrency because he always looks for new ways to use technology. He has been interested in a long time in the idea that smart contracts could change how businesses work. So, which digital currencies does he think will grow the most shortly? Cuban also says he owns the six digital currencies below:
Since you can buy it on Gemini, Kraken, and Binance, Injective Protocol is probably the easiest Cuban alternative to buying. Injective is a digital currency meant to be used in the financial world. Smart contracts are the basis for it. The decentralised protocol lets people trade margins, derivatives, and other financial instruments. It works on many blockchains at the same time.
You can buy tokens that stand for carbon credits through Klima. Cuban says that the easiest way for him to make up for the carbon he makes is to use KLIMA tokens. He says that even if the investment doesn’t make money, it will still have cut his overall carbon footprint by a certain number of tons.
ApeCoin is the native token of the Bored Ape Yacht Club (BAYC), a group of celebrity NFTs giving their owners special access to the club. People who own ApeCoin can get special perks. Cuban says he owns APE tokens, even though he doesn’t like the BAYC property auction. He said buying property in a metaverse was “super, mega, completely stupid.”
Blockto is a cryptocurrency wallet that works across chains and can store smart contracts. He works as a strategic consultant for the project, which lets people use cryptocurrencies, non-fungible tokens (NFTs), and decentralised applications (dApps) on the blockchains of Flow (FLOW), Solana (SOL), Binance Smart Chain (BSC), Polygon (MATIC), Avalanche (AVX), and Tron (TRON).
Alethea takes NFTs to an entirely new level. This project creates NFTs run by AI and have their own personalities (AI). Cuban thinks putting AI and NFTs together to make “virtual people” could lead to new uses.
Ocean says that data is the “new asset class” and that the company’s own tokens can be used to buy and sell data. It works with several Web 3.0 projects that try to give users more control over how big companies use their data.
Should you make a bet?
If you want to buy a lesser-known cryptocurrency like Mark Cuban, you should know that he probably doesn’t have as much money as you do. Cuban has a lot of money, so he can put it into high-risk projects that might fail. The most important rule to follow when investing in cryptocurrencies is to only put in money you can afford to lose.
Remember that Cuban has said that Ethereum (ETH) and Bitcoin (BTC) are his most profitable investments in the crypto space. Less popular cryptocurrencies can make bigger percentage profits than the most popular ones, but the chance of making bigger profits also comes with a bigger risk. Check out bitcoin price volatility if you are interested in trading or investing in cryptocurrencies.
Do your research and think about how these projects could fit into your portfolio. Experts in the field say you shouldn’t put too much of your money into cryptocurrencies. They also say that you should only put a small amount of your cryptocurrency into altcoins with higher risk levels. When judging these other cryptocurrencies, think about how well they might do in the next five to ten years or even longer.
In the end, there is something that really does matter. Since many of these tokens are unavailable on the largest cryptocurrency exchanges, it is harder to get them. For instance, if you wanted to buy KLIMA, you would have to use QuickSwap, a decentralised exchange that runs on Polygon’s blockchain.
In the end, if a successful investor like Mark Cuban picked these projects out of the hundreds of cryptocurrencies available, it may be worth taking a closer look at them. But don’t buy them just because Cubans do. Before you make any decisions, take your time, do your own research, and think about how much money you have now.