With the backdrop of Elon Musk’s Twitter purchase, DOGE’s price has risen by over 100% in just one week. dogecoin The new excitement around him did not leave anyone indifferent.
Hoskinson, who was involved in the discussion, recently served as DOGE’s Cardano He offered to continue on his blockchain as a much faster sidechain.
Although 80% of the vote was in favour, not everyone liked Hoskinson’s proposal, especially Dogecoin creator Billy Markus, aka Shibetoshi Nakamoto.
According to Markus, Cardano’s founder’s offer was hypocritical because he hated Dogecoin before and even recorded a video in April 2021 in which he described DOGE as a bubble in the extreme.
Cardano Founder Claims Dogecoin Is Finally A Useful Now
Hoskinson disputed this claim, arguing that with Elon Musk’s acquisition of Twitter, DOGE would gain real usage space and a user base of 200 million people. However, according to the founder of Dogecoin, this does not matter, at least for now.
Dogecoin finally has a use case. If elon decides to use it for twitter, then there are automatically 200 million users and a usecase. That’s a lot more real than memes
— Charles Hoskinson (@IOHK_Charles) October 30, 2022
Against the background of Cardano and Dogecoin contention, DOGE’s price action over the past few days is CoinMarketCap’s largest by market cap. cryptocurrency It is quite significant that it surpasses ADA in the ranking of its units.
However, ADA itself has also surged over the past seven days, with the cryptocurrency closing the week 17% higher than Monday’s opening price. As of now, the difference between the market values of the two projects stands at $2.4 billion.
*Not investment advice.
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