There is no debate that the digital asset market is enjoying unprecedented growth this year. Indeed, its increased adoption had gotten the eye of US President Trump’s Department of Government Efficiency (DOGE) Commission. With the group eyeing potential blockchain adoption, Cardano could be in play for the Elon Musk-led DOGE, and it could see ADA soar.
The last several weeks have not been kind to the cryptocurrency. Despite entering the year with tremendous hype, it has yet to take full advantage of it. Still, the network has surpassed a 5.2 million user milestone that could signal a shifting tide. Moreover, adoption by the US government could help propel it to new heights.
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Cardano Could be Adopted by Elon Musk’s DOGE, Charles Hoskinson Says
The US government has completely shifted its stance on cryptocurrencies this year. With the arrival of newly elected president Donald Trump, the country has sought to embrace the asset class unlike ever before. That could manifest in the adoption of blockchain at a host of federal levels.
However, the first domino to fall could be in Trump’s newly created government spending commission. Moreover, there could be one candidate in mind for the group. Indeed, Cardano may be in play for Elon Musk’s DOGE, as ADA could soar if it becomes the official blockchain of the collective.
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Cardano founder Charles Hoskinson recently discussed the idea in a post to X (formerly Twitter). There, he talked about the US government’s potential adoption of blockchain. Specifically, he noted that Musk and DOGE were the catalysts for that major change. Moreover, he added, “Would Cardano be in that conversation? I would believe so.”
The last several weeks have seen ADA struggle. Over the last 30 days, Cardano is down more than 22%, according to CoinMarketCap. Moreover, it has continued to lose value, dropping below the $0.8 mark at the end of the week. However, there are many who believe a turnaround is nearing.
The involvement of DOGE could be just what it needs. Moreover, it could push it further toward the crypto prediction platform CoinCodex’s forecast for the token. Specifically, they project the asset to reach a 2025 high of $1.48 this summer. That would indicate a 96% increase from its current position.