Charles Hoskinson suggested transferring Dogecoin to the Cardano blockchain
The founder of Cardano Charles Hoskinson admitted that after buying Twitter, Ilon Musk Dogecoin (DOGE), they can integrate with the social platform, and proposed to transfer the meme into the ecosystem of his project.
Now that twitter is in the hand @elonmusk i cane see aal possibility that doge download with the plaform.
– Charles Hoskinson (@iohk_Charles) October 28, 2022
“Now that Twitter is in the hands of a mask, I see the real opportunity that DOGE is somehow integrated with the platform,” he wrote.
One of the commentators drew attention to Dogecoin problems, including a high concentration of assets in the hands of whales and the lack of NFT support, the display option on Twitter announced October 27.
In response, Hoskinson noted that a social platform can launch a protocol as a sidchain Cardano. He added that Dogecoin developers can also Do Indian crypto transfer cryptocurrency to the ecosystem of his project.
Shoup Be a Cardano Sidechain. I’d Do the Migration For Free. Hell I’d Even Add Smart Contracts
– Charles Hoskinson (@iohk_Charles) October 28, 2022
“It should be Sidchan Cardano. I would have migrated for free. Damn, I would even add smart contracts, ”he said.
According to Coingecko, in a week the price of Dogecoin increased by 105%, per day – by 15%. At the time of writing, cryptocurrency is traded near $ 0.125.
Dogecoin quotes began to grow on October 27 after Musk published a video of visiting Twitter headquarters. The next day, when it became known that the billionaire closed the deal to buy a social network, the price added another 10%.
On October 29, DOGE for the first time since May 2022 overcame $ 0.1, bypassing Cardano on market capitalization.
Recall that January Musk said that Tesla would continue to sell goods for DOGE and soon SpaceX will follow this example.
In April, the billionaire proposed to reduce the cost of Twitter Blue and provide users with the possibility of paying the premium service in a meme-critical.
He later confirmed that he would support the project, despite the bear market.
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