Could D.O.G.E. led by Musk consider adopting the Cardano blockchain to track U.S. government spending? The Cardano community is exploring the possibility, and if the collaboration comes to fruition, how high could the $ADA price rise?
This topic has sparked discussion within the cryptocurrency community. Although Cardano ranks lower on many metrics, supporters believe that this blockchain can more effectively assist the U.S. in tracking government spending.
According to (CoinGape), Musk previously expressed interest in integrating blockchain technology into D.O.G.E.'s mission. Darren Kelly responded on social platform X, stating that U.S. fiscal spending should be recorded on a public ledger to ensure transparency.
The Cardano community believes that this blockchain is the best choice for this task, especially after implementing several advanced technologies in the past year, the most significant being the introduction of a complete community governance system through the Plomin hard fork upgrade.
In January of this year, the Trump family launched Trump meme coins on Solana, causing a stir within the ecosystem. However, the occasional system interruption issues on Solana may not make it suitable as a blockchain for national adoption.
According to reports, Cardano founder Charles Hoskinson has officially proposed to assist D.O.G.E. While the proposal has not yet been accepted, there remains a possibility of collaboration with Musk.
Cardano supporters have cited several key advantages, including over 7 years of operational time, peer-reviewed innovations, and features designed for regulatory compliance.
Driven by news of potential collaboration, the price performance of Cardano ($ADA) has gained attention. (CoinGape) notes that the current trading price of ADA is $0.7497, up 8.21% in the last 24 hours. Based on earlier price forecasts, if the collaboration with D.O.G.E. is confirmed, the price could rise to $2.
It is worth noting that while the community is confident in Cardano's technological capabilities, it remains to be seen which blockchain platform D.O.G.E. will ultimately adopt. Regardless, this discussion highlights the potential application value of blockchain technology in improving government efficiency.