According to the founder of Cardano, Charles Hoskinson, after the purchase of Twitter by Elon Musk, Dogecoin (DOGE) can be integrated with the social platform, and offered to transfer the meme-cryptocurrency to the ecosystem of his project.
“Now that Twitter is in the hands of Musk, I see a real possibility that DOGE will integrate with the platform in some way,” — he suggested.
In the comments, users focused on the problems of Dogecoin, including the high concentration of assets in the hands of whales and the lack of support for NFTs, the option to display them on Twitter announced 27th October.
On it Hoskinson wrotethat the social platform can run the protocol as a Cardano sidechain. He added that Dogecoin developers can also transfer the cryptocurrency to the ecosystem of his project.
Do you think they will convert Doge to POS or rather POuW?
— Karin (@mausicatdesign) October 28, 2022
“It should be a Cardano sidechain. I would do the migration for free. Hell, I would even add smart contracts,” added Hoskinson.
We already wrote that the price of Dogecoin increased by 105% in a week, and by 15% in a day. At the time of writing, the cryptocurrency is trading near $0.11.
The rise in Dogecoin value began after October 27, when Musk published video of a visit to Twitter headquarters.