The cryptocurrency community on Twitter has been left bewildered due to a message that Cardano Founder Charles Hoskinson sent on March 1 about Dogecoin. After the publication, the cryptocurrency’s price rose by 1% in only one day.
The latest tweet by Charles Hoskinson caused quite a stir among the Cardano community, and many people pondered what it might signify. According to the comments, several people speculated that it was either an inside joke or that Elon Musk had taken control of Hoskinson’s account.
However, analysts believe it is more probable that Hoskinson was alluding to the anti-corruption election process in Venice. Via this procedure, the Doge was chosen as the leader.
Cardano’s Age of Voltaire
In addition, Hoskinson’s tweet about Doge voting gives the impression that Cardano is about to reach the last phase of its plan, which is referred to as the Age of Voltaire. Hoskinson predicts that this period will be characterized by decentralized control throughout the sector.
During the Voltaire phase, a voting and treasury system will be implemented, enabling Cardano to achieve complete decentralized autonomy. As a consequence of this, holders of ADA will be able to propose improvements and upgrades to the network, and users will have a greater degree of control over the direction in which the network is headed as a result of the fact that they will be able to submit proposals for improving Cardano and vote on them.
Meme currency unaffected by Hoskinson’s tweet
Notwithstanding Charles Hoskinson’s tweet, the trading volume of Dogecoin has remained the same at $333,561,713, reflecting a decline of 0.55% from its previous level. As a result, the tweet did not have much of an impact on the value of the meme currency.
On the other side, Cardano’s price has declined by 0.14% over the last twenty-four hours and 6.37% over the course of the previous seven days. As a result, the price of ADA went down, despite the fact that the market as a whole had been on an upward trend more recently.
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