Did Mark Cuban Push Ether To New ATH?

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Last Updated on 4 April 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Remarkably on Saturday was the fact that Ether reached a new all time high as Bitcoin continued to get support near the $60k price point, just off its own record of $61.5k.

The new high of $2,144 for Ether came only days after billionaire Mark Cuban explained why he kept so much Ether in his crypto wallet.

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The Shark Tank star had mostly been known for staking AAVE (his crypto wallet was laid bare back in January) and being a fan of Dogecoin (which he bought for his 11-year-old son Jake) and NFTs, but as of late Cuban is appearing in many crypto podcasts and interviews along crypto-connaisseurs.

Given Cuban’s impressive background as an angel investor of so many companies that have gone on to make it big in the tech world, an endorsement from Cuban is a seal of approval for Wall Street.

Therefore, the comments that he made about Ether this week on the Delphi podcast seem to have resonated with investors.

Cuban stated that:

I own a lot of Ethereum because I think it’s the closest to a true currency.

Investors took that to heart and sent Vitalik Buterin’s coin skyrocketing ever since, climbing both Friday and Saturday.

The owner of the Dallas Mavericks explained why he liked Ethereum so much, saying:

What really changed everything was smart contracts. Smart contracts came along, and that created DeFi and NFTs. That’s what changed the game. That’s what got me excited. That’s why it’s a lot like the internet.