Hoskinson renews his proposal to upgrade Dogecoin as a potential official currency for Elon Musk's platform X.
The technical improvements aim to enhance the efficiency of Dogecoin, guided by the existing Bitcoin 2 roadmap.
The market is witnessing a slight price impact on ADA and DOGE following Hoskinson's announcement of a renewed proposal.
Cardano founder Charles Hoskinson has renewed his proposal to enhance the technical framework of Dogecoin. The aim is to establish the meme coin as the official currency for Elon Musk's social media platform, X.
The proposal, first raised in March 2025, has resurfaced amid growing community interest.
Hoskinson looks forward to a transformation of Dogecoin
Cardano founder Charles Hoskinson reaffirmed his commitment to upgrading Dogecoin, emphasizing its potential to become the standard currency for X.
The proposal, initially directed at Elon Musk in March 2025, involves a technical restructuring to improve the efficiency and reliability of Dogecoin. Hoskinson suggested leveraging the existing 'Bitcoin 2' roadmap as the basis for the project.
Months have passed since the initial proposal without any official collaboration. Hoskinson enthusiastically responded to community reminders, describing the project as exciting and a 'once-in-a-lifetime opportunity' to work with Musk.
Also explore a broader blockchain initiative to support government efficiency management (DOGE) using Cardano, Bitcoin, and its privacy-focused sidechain, Midnight.
Support for Dogecoin and platform plans
Elon Musk has publicly announced his support for Dogecoin since 2021, posting on social media that affected its market performance. In 2022, he initially endorsed Dogecoin as the 'official currency of the internet.' While Tesla accepts DOGE for some goods, X has not yet adopted Dogecoin in its limited experimental system 'X Money.'
The ambiguity surrounding Musk's intentions leaves Hoskinson's offer hanging. It remains unclear whether Musk will integrate DOGE as the native currency for the platform or consider collaborating with Hoskinson to realize the vision.
Market Reaction: Cardano and Dogecoin Prices
Markets recorded modest responses to Hoskinson's renewed offer for Cardano (ADA) and Dogecoin (DOGE). ADA is currently trading near $0.61.
Cardano (ADA) Price Chart: BN Crypto
DOG is nearing $0.184, showing slight declines from previous levels, and analysts note that broader market trends—such as the rotation of alternative coins, liquidity flows, and macroeconomic sentiment—are exerting a greater influence than this individual announcement.
Dogecoin (DOGE) Price Chart: BN Crypto
The high-profile nature of the proposal highlights that neither token has witnessed a dramatic price jump. Investors are awaiting tangible developments, such as details on collaboration or integration into X, before reassessing these assets. The announcement could positively contribute to narrative-driven interest, but the immediate financial impact remains limited.
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