Cardano’s Charles Hoskinson: Dogecoin Should Be Cardano Sidechain

It’s been just reported that the creator of Cardano had something exciting to say about Dogecoin. Check out the latest reports below.

Hoskinson on Cardano

Charles Hoskinson says he thinks the leading memecoin Dogecoin (DOGE) should be a sidechain for the Cardano (ADA) network.

With tech billionaire and crypto supporter Elon Musk’s takeover of Twitter triggering some significant 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.”

He said 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 as the online publication the Daily Hodl notes.

Crypto adoption news

It seems like the crypto adoption of Bitcoin, and digital assets is going great these days, despite the massive market volatility. Check out the latest reports about the latest survey that they revealed.

It’s been revealed that there is a new survey from financial services giant Fidelity shows that a majority of institutional investors have already invested in crypto assets.

In a report from Fidelity Digital Assets, a crypto arm of the firm, president Tom Jessop made sure to explain the fact that the industry is in a phase of “institutionalization” as it emerges from a bear market cycle.

“The increased adoption reflected in the data speaks to a strong first half of the year for the digital assets industry. While the markets have faced many headwinds in recent months, we believe that digital assets.”

He continued and said this:

“fundamentals remain strong, and the institutionalization of the market over the past several years has positioned it to weather recent events. Institutional investors are experienced in managing through cycles, and the largely inherent factors that they cited as appealing in this study will likely remain as the market emerges from this period.”