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Dogecoin Payments On X: Cardano Founder Offers Elon Musk Bitcoin Roadmap For Implementation

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Cardano Founder Charles Hoskinson has hinted at the possibility of a Dogecoin (DOGE) payment option on X, further extending this long-anticipated proposal to SpaceX and Tesla CEO Elon Musk. The Cardano founder expressed willingness to share a Bitcoin roadmap detailing how this integration could work.

Hoskinson’s Bitcoin 2 Roadmap For Dogecoin Payments On X

On Wednesday, February 4, Hoskinson took to X (formerly Twitter) to extend an intriguing offer to Musk. The Cardano Founder has positioned himself as a potential key player in Dogecoin’s evolution, highlighting the possibility of DOGE becoming a standard currency on the X social media platform

In his statement directly addressed to Musk, Hoskinson offered to contribute to Dogecoin payments being integrated into X by providing access to his old Bitcoin 2 roadmap, which he had written years ago. While the Cardano Founder did not elaborate on the details of this Bitcoin 2 roadmap, it may likely contain ideas for improving scalability, security, and transaction efficiency— all critical factors for turning Dogecoin into a viable payment system on X.

Interestingly, Hoskinson’s statement and proposal to Musk comes amid growing speculation about X integrating crypto payments. Musk had previously hinted at plans to introduce digital asset payments on X, though he has not confirmed what cryptocurrencies would be supported. 

The SpaceX CEO has also repeatedly expressed his admiration for Dogecoin, even adding the meme coin to Tesla’s payment system for certain merchandise. Due to his public support and interest in DOGE, many in the crypto community speculate that DOGE could be the top contender as a payment option on X if crypto becomes integrated into the platform. 

Furthermore, Hoskinson’s offer could add a new layer of intrigue, especially if Musk considers implementing his Bitcoin 2 roadmap and optimizing Dogecoin for payments. For now, Musk has not acknowledged or publicly responded to Hoskinson’s statement on X. 

Whether the SpaceX and Tesla CEO takes up the Bitcoin 2 roadmap proposal or chooses a different path for X’s payment infrastructure remains to be seen. Nevertheless, if Musk decides to implement a Dogecoin payment system for X, it could mark a significant milestone for the meme coin’s global adoption and long-term value. 

Hoskinson’s Proposal Faces Backlash From Community

Following Hoskinson’s proposal to use his Bitcoin 2 roadmap for a potential Dogecoin payment system on X, many community members reacted with skepticism, questioning his choice of cryptocurrency. One user asked why Hoskinson proposed the use of Dogecoin for payments on X.

He stated, “If ADA is so good, why use anything else?”— implying that Hoskinson should advocate for his own blockchain and cryptocurrency rather than supporting DOGE. Other members echoed similar sentiments, debating whether Dogecoin was the right fit for X’s payment infrastructure. Criticism also emerged, with one member arguing that Hoskinson would rather shirk his responsibility of improving Cardano’s smart contracts and instead focus on Dogecoin.

Shiba Inu
DOGE trading at $0.20 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Expert Reveals Decentralized Strategy To Stabilize Pi Network Price

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Pi Network price has left investors puzzling over a steady decline that saw Pi Coin nearly sink to $0. 3. To prevent a repeat of the steep drop, the pseudonymous Satoshi Nakamoto is making a case for a decentralized market stabilization mechanism for the Pi Network.

A Community-Driven Liquidity Pool For The Pi Network

The pseudonymous Satoshi Nakamoto theorized on X that a community-driven liquidity pool (CDLP) will provide a range of benefits for Pi Network. According to his post, CDLP will operate as a decentralized market stabilization mechanism focused on Pi Coin price performance.

The plan, leaning on the Dollar-Cost Averaging (DCA) buying strategy, will require participants to commit to purchasing a fixed amount of Pi monthly. Each user participating in the CDLP will have full control of the Pi coins in their wallets without the need for any intermediaries.

Per Nakamoto, users purchasing Pi coins each month will form a “massive” CDLP capable of preventing steep price drops. The CDLP achieves this by increasing Pi liquidity, reducing circulating supply while demand continues to increase.

“This pool increases market depth, cushions sharp price drops, and promotes a more stable price structure,” said Nakamoto.

Nakamoto says the CDLP is not a short-term strategy to prop up Pi Network as it advocates for long-term holding. In the short term, Dr Altcoin wants Pi Network to burn tokens as a near-term solution to falling prices.

The Entire Ecosystem To Benefit From CDLP

Apart from stabilizing the Pi Network price, the CDLP will have an impact on the broader ecosystem. First, Nakamoto says developers building projects will have a stable environment without the hassle of sharp price drops. The Pi Network has previously come under fire after PiDAOSwap launched NFTs on BSC over lengthy KYB delays

Furthermore, a stable price will be an incentive for businesses to accept Pi as a payment mechanism. Nakamoto says Pi holders will be rewarded by future decentralized applications (DApps) building on the network.

“This doesn’t just stabilize the price – it transforms Pi’s visibility, strengthens the community, and attracts more developers and real-world use cases,” said Nakamoto.

Nakamoto says the CDLP is viable and sustainable as it does not require whales to support the price. Nakamoto claims that a $10 monthly commitment to buy Pi will result in a “steady $100 million inflow” into PI that is user-controlled without third-party risks.

Centralized exchanges like Binance sidelining Pi in listing processes have affected community sentiments, triggering a bearish sentiment for Pi.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Has The Dogecoin Price Bottomed Out? Analyst Points Out ‘Critical Decision Zone’

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Dogecoin price action is at a critical decision zone, according to a new technical analysis shared by a crypto analyst on TradingView. This analysis comes as Dogecoin bulls accumulate in the $0.16 range to successfully defend this price level in the past 24 hours.

The price action has pushed the meme coin to currently retesting a historical support area, and the coming days will determine whether Dogecoin breaks lower or begins a recovery toward the $0.20 region.

Dogecoin Nears Support With Bearish Triangle Formation

The analyst noted that Dogecoin is trading within a descending triangle pattern, a typically bearish structure that could see the price continue downward if support is broken. This support is situated at the horizontal zone between $0.164 and $0.18, highlighted as an accumulation area where buyers have previously stepped in. 

The Ichimoku Cloud indicates a persistent bearish trend, but the analyst flagged some early signs of exhaustion in downward momentum that suggests that Dogecoin might be bottoming at $0.16. However, confirmation is required before deciding about any bullish momentum. For instance, the Relative Strength Index (RSI) has fallen to around 32.98, nearing oversold territory but not yet showing strong divergence. 

Simultaneously, the Wave Trend Oscillator (WTO) is also deep in the oversold zone, with its signal lines beginning to curl upward that shows a possible short-term bounce. On the other hand, the Moving Average Convergence Divergence (MACD) still hasn’t confirmed a reversal, as its signal line has yet to be crossed.

Selling Pressure Continues To Linger

Dogecoin has spent the larger part of the past seven days around $0.16. Interestingly, the analyst noted that the MACD histogram is shrinking on the negative side, showing bearish momentum is weakening. However, the formation of lower highs reveals that sellers are still exerting pressure, preventing any meaningful upward move. 

The cluster algo, which tracks potential market inflection points, has not yet flashed a strong bullish signal. Still, the compression of its lines shows that a breakout either up or down may be very close. The analyst refers to this as a “critical decision zone,” where a firm defense of the $0.164 level could cause a move back toward $0.20 or even $0.21, coinciding with the 0.236 Fibonacci retracement level. Beyond that, a break above $0.21 and strong buying volume could push the Dogecoin price until it reaches strong further resistance at $0.28 and subsequently $0.455, according to the 0.786 Fibonacci level. 

Should Dogecoin fail to hold the $0.164 support, the price could retrace further until it reaches the $0.11 to $0.12 zone seen in market lows. Such a move would essentially see Dogecoin returning to price levels it hasn’t traded in since Q4 2023.

At the time of writing, Dogecoin was trading at $0.1696.

Featured image from Technext, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bitcoin Holds $83K Despite Macro Heat, What’s Happening?

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The crypto market has closed yet another week, keeping traders and investors cautious with sluggish price performances. Bitcoin (BTC) price held the $83K level with no major gains in the past seven days. Whereas, Ethereum (ETH), Solana (SOL), and XRP prices mimicked a sluggish action.

Notably, the latest announcement by Donald Trump about reciprocal tariffs has rattled global markets, with even risk assets encountering some macro heat. Mentioned below are some of the top market updates reported by CoinGape Media over the past week.

Crypto Market Faces Macroeconomic Pressure

This week saw a couple of concerning macro developments that sparked a cautious sentiment among traders and investors. CoinGape reported that the manufacturing PMI and JOLTS data came in weaker than expected this week.

The March PMI data dropped to 49, below expectations of 49.5 and lower than the 50 recorded in February. Also, the U.S. JOLTS job openings for February stood at 7.568 million, coming short of the expected 7.690 million and lower than the 7.762 million recorded in January. This macro data pointed toward a bearish outlook for the broader market.

In turn, even the crypto market saw a stalled movement, with Bitcoin & Ether prices negating any major gains over the past seven days. In addition, Donald Trump’s Liberation Day, which is the tagline for his proposed reciprocal tariffs on other countries, has added to the pressure on broader markets.

Bitcoin, Ether, & Other Coin Prices Over The Week

BTC price witnessed a marginal 0.5% jump in the past seven days and closed in at the $83K level. In the past 7 days, the flagship crypto stooped as low as $81K whilst also touching a $87K high.

ETH price saw a drop of nearly 2% weekly and exchanged hands at the $1,800 level. Ethereum hit a bottom of $1,700 whilst also nearing a high of $2,000 this week

SOL price fell by roughly 5% over the week to reach $120. The crypto’s weekly high and low was $135 and $112, respectively.

XRP price mimicked the broader crypto market trend, dipping over 2% in seven days to $2.13. Ripple’s coin is consolidating despite speculations of an imminent settlement of the lawsuit against the U.S. SEC.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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