Cardano founder after Elon Musk buys Twitter Charles Hoskinsonstated that there is a possibility that Dogecoin will merge with the social media platform. Hoskinson dogecoin one’s opinion in the tweet announced and said:
“Now that Twitter is under the control of Elon Musk, it is highly likely that it will somehow integrate Dogecoin into the platform.”
Mixed Reactions
Hoskinson’s post drew a lot of backlash from both the Dogecoin and Cardano community. Many DOGE enthusiasts expressed excitement about the possibility of the cryptocurrency merging with Twitter. However, some Cardano investors were annoyed by Hoskinson’s defense of DOGE instead of ADA. Furthermore, they asked Hoskinson to force ADA to merge with Twitter.
why don’t you push #Cardano?
— Cardano Hieronymus (@CardanoHumpback) October 28, 2022
Hoskinson: Dogecoin Should Be the Cardano Sidechain
One of Hoskinson’s followers asked his opinion on whether Dogecoin should switch to a Proof-of-Stake (PoS) or Useful Proof-of-Work (PoUW) algorithm. To the user response Hoskinson suggested that Dogecoin be a sidechain of Cardano. Cardano founder, Hoskinson, stated that he would support something like this and could provide the transition for free. It also stated that it will add smart contracts as well.
DOGE Rises as Musk Acquires Twitter
The price of Dogecoin has recorded a significant rally following the news that Elon Musk has taken control of Twitter.
Koinfinans.com As we reported earlier, Dogecoin gained over 70% last week, making it number one on the week’s top earners list.
Dogecoin investors believe the cryptocurrency will become a part of Twitter after Musk acquires the social media platform. Musk has always supported the widespread adoption of Dogecoin. It also added support for Dogecoin among its affiliated businesses. Moreover, Musk’s tweets about the cryptocurrency pushed DOGE to an all-time high of $0.73 last year. We’ll see if this trend will continue.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.