Charles Hoskinson believes Dogecoin ought to join the Cardano sidechain and is eager to assist the meme coin in its free migration.
In response to a tweet wondering what will happen to Dogecoin when Elon Musk purchased the social media site Twitter, Charles Hoskinson responded with this comment.
Hoskinson asserts that a DOGE and Twitter merger is a possibility. When asked if the proof-of-stake network for the meme coin would be implemented, he responded:
“(Dogecoin) should be a Cardano sidechain. I’d do the migration for free. Hell, I’d even add smart contracts.”
This assertion is consistent with his past predictions that Cardano will serve as a network of interconnected blockchains.
Dogecoin Speculation Following Elon Musk’s Purchase of Twitter
Elon Musk, who promoted the meme in multiple tweets, was largely to blame for its rise. He also turned it into a way to trade for Tesla’s goods.
There were rumors that Elon Musk intended to facilitate the use of Dogecoin on social media sites before he purchased Twitter. With his ownership of the business, speculation around a prospective integration grows.
Elon Musk, the CEO of Tesla, has already altered a few aspects of Twitter, but he has not yet revealed his long-term objectives for the social media site.
Additionally, according to tech blogger Jane Manchun Wong, Twitter is developing a prototype wallet that handles cryptocurrency deposits and withdrawals.
Dogecoin has risen since Elon Musk took over Twitter; it has gained 44.3% in the previous seven days and is currently trading at $0.085692. Based on the expectation of what Musk will do with Dogecoin now that he controls Twitter, DOGE has had a bull run.
The $3.8 billion in trading activity for DOGE over the past 24 hours indicates that many traders are now investing in it. It has returned to the top 10 cryptocurrencies by market cap thanks to its recent rise.
Additionally up 5.2% over the past 24 hours and 16.1% over the previous 7 days is Cardano ADA. Following the recent increase in the overall market, ADA has increased.
