Dogecoin 2.0? Cardano Founder Pushes to Overhaul DOGE for Elon Musk’s X
Charles Hoskinson, Cardano’s founder, has renewed his supply to improve Dogecoin’s technical framework. He goals to place the memecoin because the official forex for Elon Musk’s social media platform, X.
The proposal, first prompt in March 2025, has resurfaced amid rising group curiosity.
Hoskinson Eyes Dogecoin Transformation
Cardano founder Charles Hoskinson has reiterated his dedication to upgrading Dogecoin, emphasizing its potential to turn into the usual forex for X.
The supply, made initially to Elon Musk in March 2025, proposes a technical overhaul to enhance Dogecoin’s effectivity and reliability. Hoskinson has prompt leveraging a pre-existing Bitcoin 2 roadmap as a basis for the challenge.
Despite months because the preliminary proposal, no formal collaboration has occurred. Hoskinson responded enthusiastically to group reminders, describing the challenge as enjoyable and a “once-in-a-lifetime” alternative to work with Musk.
He has additionally explored a broader blockchain initiative to help the Department of Government Efficiency (DOGE) utilizing Cardano, Bitcoin, and its privacy-focused sidechain, Midnight.
Musk’s Dogecoin Support and Platform Plans
Elon Musk has publicly supported Dogecoin since 2021, making social media posts that influenced its market efficiency. In 2022, he tentatively supported Dogecoin as the “official currency of the internet.” While Tesla accepts DOGE for specific merchandise, X has but to undertake Dogecoin in its restricted ‘X Money’ beta system.
The uncertainty over Musk’s intentions leaves Hoskinson’s proposal in limbo. Whether Musk will combine DOGE as a platform-native forex or take into account collaborating with Hoskinson to execute the imaginative and prescient stays unclear.
Market Reaction: Cardano and Dogecoin Prices
Following Hoskinson’s renewed proposal, market responses for Cardano (ADA) and Dogecoin (DOGE) have been modest. ADA is at the moment buying and selling round $0.61.
While DOGE is close to $0.184, exhibiting minor declines from earlier ranges, analysts be aware that broader market developments—akin to altcoin rotation, liquidity flows, and macroeconomic sentiment—are exerting extra affect than this singular announcement.
Despite the high-profile nature of the proposal, neither token has skilled a dramatic value surge. Investors seem to be ready for concrete developments, akin to collaboration particulars or integration into X, earlier than re-evaluating these property. The announcement could contribute positively to narrative-driven curiosity, however the instant monetary influence stays restricted.
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