Why Is Cardano Founder Tweeting About Dogecoin (DOGE)?


Charles Hoskinson, founding father of Cardano is legendary for his uncooked feedback on the biggest meme coin by market capitalization, Dogecoin. From providing it to theoretically be Cardano sidechain to asserting that DOGE was a mockery of his life’s work, Charles by no means wastes an opportunity to bash Dogecoin. However in the present day, he has triggered fairly a stir on Twitter by showing to advertise the meme coin.

Charles Hoskinson is Selling DOGE?

One tweet from any of the well-known crypto personalities is all it takes to trigger hypothesis among the many crypto group. One thing comparable occurred when Cardano founder and Enter Output Chief Government Officer Charles Hoskinson was discovered selling DOGE.

Doge voting 4ever

– Charles Hoskinson (@IOHK_Charles), March 01, 2023

As anticipated, Hoskinson’s tweet shocked the Cardano group. Many raised questions concerning the CEO’s intentions whereas others assume that it’s an inside joke or perhaps Elon Musk took over Charles’s Twitter account. Nonetheless, it’s extra probably that Hoskinson is speaking concerning the Venetian electoral course of that was designed to discourage corruption. At the moment, The individuals of Venice elected the Doge as their chief.

To be exact, the Cardano founder’s “Doge voting” tweet is the indication that the Cardano community is all set to enter the ultimate section of its roadmap dubbed the Age of Voltaire. In keeping with Charles, the Voltaire period will present the trade “easy methods to do decentralized governance.”

Voltaire will permit Cardano to turn into totally autonomous by introducing a voting and treasury system. Consequently, ADA holders might suggest community enhancements and upgrades, and customers could have extra say within the path of the community as a result of they will submit Cardano enchancment proposals by way of voting.

Affect of Tweet on Dogecoin Value

Dogecoin price has witnessed a marginal acquire of 1% over the previous 24 hours and buying and selling at $0.08218. Its buying and selling quantity is $333,560,713 (down by 0.55%). Therefore, this tweet barely made any influence on the meme coin’s worth.

In the meantime, Cardano price is down 0.14% within the final 24 hours and 6.37% up to now seven days. ADA worth has dropped even after the broader market’s latest rise.

Additionally Learn: Is Cardano Founder Charles Hoskinson Really Buying Warner Bros Discovery’s CNN?

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