Mark Cuban is looking at these 6 cryptos right now. Should you?

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Mark Cuban is looking at these 6 cryptos right now.  Should you?
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From carbon offsets to artificial intelligence, Cuba’s list highlights the diversity of crypto.


Key points

  • Mark Cuban has invested in Injective Protocol, Klima DAO, ApeCoin, Blockto, Alethea Artificial Liquid Intelligence Token and Ocean Protocol.
  • Do your own research before investing in any asset, especially high-risk crypto projects.
  • Cuban claims that giants Bitcoin and Ethereum remain his most profitable crypto investments.

The recent fall in prices has not dampened Mark Cuban’s enthusiasm for cryptoalthough the popular shark tank the judge fears that there is not enough innovation on the market. In an interview with Altcoin Daily, the Dallas Mavericks owner pointed out that just because a project is crypto-related doesn’t mean it still needs a strong business case. “To be a real business, you have to be a real business,” he said. “Crypto doesn’t change that.”

The billionaire investor says crypto caught his attention because he is always looking for new ways to use technology. He has long been enthusiastic about the potential for smart contracts to disrupt existing businesses. So, what cryptos is he excited about right now? Here are six altcoins Cuban says he owns:

1. Injective Protocol (INJ)

Injective Protocol is perhaps the most accessible altcoin on the Cuban list, as it is available from Gemini, Kraken, and Binance. Injective is a crypto smart contract for financial applications. The decentralized protocol has advanced features such as margin and derivatives trading and works on different blockchains. In Cuban’s words, “it’s not an easy deal but they have a chance”.

2. Klima DAO (KLIMA)

Klima offers tokenized carbon credits. Cuban points out that it is easier for him to offset his carbon through KLIMA tokens than through other means. He says if it doesn’t pay off as an investment, the worst case scenario is that it would still have offset a certain number of tonnes of carbon.

3. ApeCoin (APE)

ApeCoin is the native token of the Bored Ape Yacht Club (BAYC), fame NFT collection that grants owners exclusive membership. Cuban says he owns APE tokens, although he is not a fan of BAYC land sales. He tagged buying real estate in a metaverse, “Super, mega, immaculately stupid”

4. Blocking (BLT)

Blockto is a cross-chain smart contract crypto wallet that Cuba originally invested in in 2021. He is a strategic advisor to the project, which enables people to access crypto, NFTs, and dApps on Flow ( FLOW), Solana (SOL)Binance Smart Chain (BSC), Polygon (MATIC), Avalanche (AVAX), Ethereum (ETH) and Tron (TRON).

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5. Alethea Artificial Liquid Intelligence (ALI) Token

Alethea takes NFTs to another level. The project is building smart NFTs with some form of artificial intelligence (AI) personality. Cuban says integrating AI into NFTs to create “virtual humans” could lead to unique applications.

6. Ocean Protocol (OCEAN)

Ocean says data is the “new asset class” and it allows people to buy and sell data using its tokens. It integrates with various Web 3 projects that shift data ownership from large companies to individuals.

Should I buy?

If you’re looking to follow Mark Cuban and grab some of those little cryptos, know that he’s probably not in the same financial situation as you. Cuban is a billionaire and can afford to try his luck in high-risk projects that may not succeed. The golden rule of crypto investing is to only invest money that you can afford to lose.

Keep in mind that Cuban himself stated that Ethereum (ETH) and Bitcoin (BTC) are his most successful crypto investments. Less established cryptos could generate higher percentage gains than established crypto giants, but this potential for higher gains comes with a corresponding risk.

Do your own research, and consider how these projects might fit into your broader portfolio. Many experts suggest that crypto only represents a small percentage of your overall investments, and high-risk altcoins only represent a small percentage of your crypto holdings. It’s also important to try to evaluate them from a long-term perspective – think about how these altcoins might perform in the next five to 10 years or more.

Finally, there is a practical problem. Many of these tokens are not available from best crypto exchanges, which means that it is not easy to buy them. For example, to buy KLIMA, you must use QuickSwap, a decentralized exchange on the Polygon blockchain.

At the end of the line

Ultimately, if a successful investor like Mark Cuban chose these projects from thousands of cryptocurrencies on the market, they might be worth a closer look. But don’t buy them just because Cuba did. Take your time, do your own research and make your own decisions based on your financial situation.

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