With tech billionaire and crypto supporter Elon Musk’s takeover of Twitter spurring rallies in Dogecoin over the last week, Hoskinson says that there’s a real possibility that DOGE could be integrated with the social media platform.
“Now that Twitter is in the hands of Elon Musk I can see a real possibility that doge will somehow merge with the platform.”
According to Hoskinson, the Dogecoin blockchain could also act as a sidechain for Cardano. He says he would do the migration for free and even add smart contract capabilities.
The crypto billionaire also teased the idea of Twitter being a Cardano-based protocol.
Twitter as a protocol as a cardano sidechain is definitely the way to go
— Charles Hoskinson (@IOHK_Charles) October 28, 2022
Musk completed his takeover of Twitter on Friday, saying he acquired the tech giant because he believes civilization needs a space where ideas can be debated freely.
“The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.”
Dogecoin, one of Musk’s favorite crypto assets, has reacted extremely positively with the takeover, outperforming virtually the entire digital asset market as it becomes the eighth-largest coin by market cap.
At time of writing, DOGE is up 133% in the last seven days, currently changing hands at $0.138.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Ruslan__Grebeshkov/Viaire