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Founder of Cardano Predicts Dogecoin and Twitter Merger as DOGE Flips ADA to Become 8th Biggest Crypto

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05-11-2022

Cardano founder Charles Hoskinson thinks there's a chance that Dogecoin may converge with the social media platform in the wake of Elon Musk's purchase of Twitter.


Hoskinson announced this in a tweet, writing:"I can see a genuine potential that DOGE may somehow integrate with the platform now that Twitter is in the hands of @elonmusk."


Members of the Dogecoin and Cardano communities responded to the tweet in large numbers. The prospect of cryptocurrency and Twitter combining has excited a lot of DOGE supporters.


However, some Cardano investors are dissatisfied that Hoskinson is supporting DOGE rather than ADA. They requested Hoskinson to pressure ADA to join Twitter.

Following the announcement that Elon Musk had taken over Twitter, the price of Dogecoin experienced a substantial increase. According to reports, Dogecoin surged 43% in the last week, taking the top place on Robinhood's list of top gainers.


Investors in Dogecoin think that if Musk buys Twitter, the cryptocurrency will merge with the social media site. Musk has consistently pushed for a broad acceptance of Dogecoin. Additionally, he provided support for Dogecoin across all of his affiliated businesses. Last year, his comments supporting the cryptocurrency contributed to DOGE reaching an all-time high of $0.73.