Hoskinson believes Dogecoin will merge with Twitter “in some way.”
After Elon Musk bought Twitter, Cardano founder Charles Hoskinson sees the possibility of Dogecoin merging with the social media platform.
Hoskinson announced this in a tweet, saying:
“Now that Twitter is in the hands of @elonmusk, I can see the real possibility of DOGE merging with the platform in some way.”
Mixed Response Tracing Hoskinson’s Review
The tweet drew a flood of reactions from members of the Dogecoin and Cardano communities. Many DOGE enthusiasts are excited about the possibility that the cryptocurrency could merge with Twitter.
However, some Cardano investors seem to be unhappy with Hoskinson advocating DOGE over ADA. They asked Hoskinson to push for a merger between ADA and Twitter.
why don’t you push #cardano?
— Cardano Hieronymus (@CardanoHumpback) October 28, 2022
Hoskinson: Dogecoin should be a Cardano sidechain
A follower of Hoskinson asked him if he thought Dogecoin would transition to a Proof of Stake (PoS) or Proof of Useful Work (PoUW) algorithm.
Responding to users, Hoskinson suggested that Dogecoin should become a sidechain of Cardano. The Cardano boss said that he will do the migration himself at zero cost. Hoskinson said he will also add smart contracts.
Should be the cardano sidechain. I will do the migration for free.Hell, I’ll even add smart contracts
— Charles Hoskinson (@IOHK_Charles) October 28, 2022
DOGE gains as Musk buys Twitter
Dogecoin’s price surged following news that Elon Musk took control of Twitter. Dogecoin has reportedly surged 43% over the past week, taking the top spot on Robinhood’s biggest winners list.
Dogecoin investors believe the cryptocurrency will become part of Twitter following Musk’s acquisition of the social media platform. Musk has been pushing for widespread adoption of Dogecoin. He has also added support for Dogecoin among his related ventures. His tweets about crypto last year helped push DOGE to an all-time high of $0.73.
DOGE market cap surpasses Cardano
DOGE is change hands The price is at $0.1, up 30% in the past 24 hours. A few minutes ago, Dogecoin overtook ADA to become the eighth-largest cryptocurrency by market cap. At press time, DOGE’s market cap is currently $14.57 billion, while Cardano’s is $14.38 billion.
Source of information: Compiled from THECRYPTOBASIC by 0x information.The copyright belongs to the author Lele Jima and may not be reproduced without permission