Charles Hoskinson proposed to transfer Dogecoin to the Cardano blockchain
Founder Charles Cardano admitted to Hopkinson that after the purchase of Twitter by Elon Musk, the Dogecoin cryptocurrency (even) can be integrated with a social platform, and offered to transfer the meme cryptocurrency into the ecosystem of his project.
Now that Twitter is in the hands of @elonmusk, I see a real possibility that dog will somehow merge with the platform.
One of the commentators drew attention to the problems of Dogecoin, including the high concentration of assets in the hands of whales and the lack of support for NFT, the display option of which was announced on Twitter on October 27.
In response, Hoskinson noted that the social platform could launch the protocol as a Cardano sidechain. He added that Dogecoin developers can also transfer cryptocurrency into the ecosystem of his project.
Should be a cardano sidechain. I’d do the migration for free. Hell I’d even add smart contracts
According to CoinGecko, the Dogecoin price increased by 105% in a week and by 15% in a day. At the time of writing, the cryptocurrency is trading near $0.125.
Dogecoin quotes began to rise on October 27 after Musk posted a video of a visit to Twitter headquarters. The next day, when it became known that the billionaire had closed the deal to buy the social network, the price added another 10%.
On October 29, DOGE broke the $0.1 mark for the first time since May 2022, beating Cardano by market capitalization.
Recall that in January, Musk said that Tesla will continue to sell goods for DOGE and SpaceX will soon follow suit.
In April, the billionaire proposed to reduce the cost of a Twitter Blue subscription and provide users with the opportunity to pay for a premium service in a meme cryptocurrency.
He later confirmed that he would support the project despite the bear market.
