Charles Hoskinson, the founder of Cardano, recently suggested in a tweet that it’s possible that Doge and Twitter would merge given that Twitter is now owned by Elon Musk.
Now that Twitter is in the hands of @elonmusk I can see a real possibility that doge will somehow merge with the platform.
— Charles Hoskinson (@IOHK_Charles) October 28, 2022
In response to a tweet inquiring whether the meme coin would be changed to a proof-of-stake network, Charles Hoskinson said that Cardano should be a sidechain and that he would handle the migration procedures for free. He further added that he would include smart contracts. This response is consistent with his prediction that Cardano will serve as a network of interconnected blockchains.
Elon Musk frequently promotes the meme coin in his tweets, and the price of Doge has increased by more than 40% since he bought Twitter. With a significant 164.10% spike in trading volume over the previous 24 hours and a current price of $0.1188, the currency is clearly being purchased by numerous traders. These serve as evidence that he made a significant contribution to the coin’s growth, which has propelled it into the top 10 cryptocurrencies by market cap.
Long before now, rumors of Elon Musk’s plans to support Dogecoin applications circulated like wildfire, and his purchase of the social media network fanned rumors of potential integration. Since Twitter is such a large social media platform, many users concur with Charles Hoskinson’s viewpoint. However, some believe it to be a vast conspiracy.
Despite differing viewpoints, the DOGE bull run is entirely contingent on Elon Musk’s decisions now that he controls Twitter.