Charles Hoskinson Invites Dogecoin to Migrate to Cardano for Free

gimbal says founder Charles Hoskinson Dogecoin is expected to become a Cardano sidechain and is ready to help the meme coin migrate for free.

Charles Hoskinson made the statement in response to a tweet asking what would happen to Dogecoin after Elon Musk bought social media platform Twitter.

According to Hoskinson, DOGE may merge with Twitter. When asked if the coin meme would be converted into a proof of stake network, it said:

“(Dogecoin) should be a Cardano sidechain. I would do the migration for free. Hell, I would even add smart contracts.

This statement joins his anterior views that Cardano will be the blockchain network with multiple sidechains connecting to it.

Dogecoin speculation after Elon Musk buys Twitter

Elon Musk was largely responsible for the rise of the coin even after promoting it in several tweets. He also made it a medium of exchange for Tesla’s goods.

Before buy twitter, there have been reports that Elon Musk is planning to support the Dogecoin app on the social media platform. Speculation around a possible integration is mounting with his acquisition of the company.

Although Tesla CEO Elon Musk has already made some changes to Twitter, he has yet to announce his actual plans for the social media platform.

Tech blogger Jane Manchun Wong also claims that Twitter is working on a prototype wallet which supports crypto deposits and withdrawals.

DOGE Awards Performance

Ever since Elon Musk took over Twitter, Dogecoin rallied, gaining 44.3% in the last seven days and trading at $0.085692. DOGE bull rally is based on the anticipation of what Musk would do with Dogecoin now that he has control of Twitter.

7-Day Dogecoin Price Performance (Source: CoinMarketCap)

The volume of DOGE transactions in the last 24 hours is $3.8 billion, which shows that many traders are currently buying into it. Its current rally has pushed it back into the top 10 cryptocurrencies by market cap.

Meanwhile, Cardano ADA is also up 5.2% in the last 24 hours and 16.1% in the last seven days. ADA rallied following the recent rally in the broader market.


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