Dogecoin 2.0? Cardano Founder Pushes Doge Overhaul for Elon Musk's X

Charles Hoskinson, founder of Cardano, has just re-offered support for upgrading Dogecoin's technical infrastructure. He wants to make this memecoin the official currency on Elon Musk's social network platform X.

This proposal, first raised in March 2025, has resurfaced as community interest grows.

Hoskinson Aims for Dogecoin 's Transition

Cardano founder Charles Hoskinson reiterated his commitment to upgrading Dogecoin, emphasizing its potential to become the standard currency for X.

The proposal, first sent to Elon Musk in March 2025, calls for a technical overhaul to improve Dogecoin's performance and reliability. Hoskinson suggests leveraging an existing Bitcoin 2 roadmap as the project's foundation.

Despite months having passed since the initial proposal, no formal collaboration has yet been announced. Hoskinson responded enthusiastically to community prompts, calling it an exciting project and a “unique” opportunity to work with Musk.

He also XEM at a broader blockchain initiative to support the Department of Government Efficiency (Doge) using Cardano, Bitcoin, and the privacy-focused sidechain, Midnight.

Musk's Dogecoin Backing and Plans for the Platform

Elon Musk has been publicly supporting Dogecoin since 2021, making several social media posts that influenced its price movements. In 2022, he expressed his support for Dogecoin as the “official currency of the internet .” While Tesla accepts Doge for some items, X has yet to include Dogecoin in its limited beta system, ‘X Money’.

The ambiguity of Musk’s intentions leaves Hoskinson’s proposal in limbo. It’s unclear whether Musk will incorporate Doge as the platform’s native currency or consider partnering with Hoskinson to execute on this vision.

Market reaction: Cardano and Dogecoin prices

After Hoskinson reiterated the proposal, the market reaction for Cardano (ADA) and Dogecoin (Doge) was quite modest. ADA is currently trading around $0.61.

Doge is near $0.184, down slightly from earlier levels. According to analysts, broader market trends — such as altcoin rotation, liquidation flows, and macro sentiment — are having a bigger impact than this single announcement.

Despite the attention their proposals have received, neither Token has seen a significant price surge. Investors appear to be waiting for concrete developments, such as partnership details or integration with X, before revaluing the assets. The announcements may be positive for the narrative, but the immediate financial impact is limited.