Mark Cuban: Dapps can lead to a market reversal

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Shift focus to dapps and their creation outside of finance will attract an additional audience and stop the fall of the digital asset market. This opinion was expressed by billionaire Mark Cuban.

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The entrepreneur suggested that the market had not yet reached “cheap” prices.

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“[Медвежий рынок] lasts until a catalyst appears. That trigger could be dapps, or we could sink so low that people would say, “Fuck that, I’ll buy some,” he said.

Cuban explained that amid the diversity of NFT and DeFi-related applications, the emergence of a dapp with a focus on high-value businesses could lead to a market reversal.

As an example, he suggested the creation of a decentralized version of Quickbook, an accounting software for small businesses.

Cuban pointed to the low utility of the tokens on the market. To illustrate, he viewed SUSHI as a “relatively cheap” purchase with a market capitalization of $215 million.

“You get paid if you are a liquidity provider, but who will buy [токен] you? Reason?” he explained.

The entrepreneur predicted the merger of various protocols and blockchains, which is typical for “every industry.” He expressed support for the scenario of moving applications and communities, but admitted that this consolidating network should have “ideas and reasons for use.”

Cuban stated that he is currently interested in carbon-offsetting DeFi tokens. They make it easier for companies to meet obligations and have “potential”.

Previously, Cuban predicted the collapse of blockchain projects that copy what “everyone has”.

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Source: Cryptocurrency

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