The Three Arrows Capital chief said he likes dogecoin's affordability, accessibility, and the popularity of its memes.
Buterin has previously said a collaboration between ethereum and dogecoin could be possible, and has been supportive of the cryptocurrency.
Tesla CEO and dogecoin fan Elon Musk said he agreed with Mark Cuban that dogecoin is a strong medium of exchange.
"The Mavs have what we sold in merch," he said in a tweet on Sunday. "I personally own $494 worth of DOGE."
Elon Musk renewed his support for meme cryptocurrency dogecoin, saying he sees it as a strong means of payment.
Insider regularly interviews miners of cryptos like bitcoin and ether to detail their setups, profits, and costs.
Overall global trading volumes rose 32% to $18.82 billion a day on average in the second quarter, as bitcoin and dogecoin shot up and then plunged.
Other major cryptocurrencies are also trading lower on Friday. The market has struggled to rebound since a broader crash in May.
"I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents."
Alabama Representative Barry Moore bought between $1,000 and $15,000 of doge in June when the meme token was down over 50% from its record high.
Robinhood said its business may be adversely affected if the markets for dogecoin deteriorate or if the dogecoin prices goes down.
Dogecoin was the worst-performing major cryptocurrency on Tuesday, as the buzz around the meme token collapsed.
Despite the 70% decline in dogecoin since its peak in early May, the cryptocurrency is up 4,508% year-to-date.
The winner of the 'Doge' NFT auction had a bid of 1,696.9 Ethereum cryptocurrency, which is worth over $4 million.
Insider asked eight experts what they think of dogecoin's recent Coinbase listing and what this means for the broader crypto industry.
The cryptocurrency based off the "doge meme" hit $0.4446, the highest point in nearly two weeks, as Coinbase Pro opened up to the meme cryptocurrency.
Musk seems to favor dogecoin even more, especially after somewhat backtracking on bitcoin due to environmental concerns.