▎Brief analysis of the situation and forecast of consequences

▎1. The essence of the problem

The Qubic mining pool (managed by Sergey Ivanchiglo) conducted a successful 51% attack on Monero (XMR), gaining control over the network's hash rate. They now plan to switch to Dogecoin (DOGE).

A 51% attack is a situation where one group of miners controls more than 50% of the network's computational power, allowing them to:

• Cancel transactions.

• Conduct double spending.

• Destabilize the network.

▎2. Possible consequences

🔻 Risks for Dogecoin (DOGE):

• If Qubic gains >50% of the hash rate, DOGE may face the same problems as Monero:

– Price drop (as XMR dropped by ~40%).

– Freezing of deposits on exchanges (Kraken, Binance, etc.).

– Loss of trust in PoW coins.

🔻 Threat to other PoW cryptocurrencies:

• Kaspa (KAS) and Zcash (ZEC) were also in the Qubic voting.

• If DOGE holds, attackers may switch to them.

🔺 Possible beneficiaries:

• Bitcoin (BTC) and Ethereum (ETH) – as the most resilient networks.

• Solana (SOL), Toncoin (TON) – PoS coins not dependent on mining.

• Privacy coins resistant to attacks (for example, Firo (FIRO), Pirate Chain (ARRR) – if their algorithms are harder to hack).

▎3. What should investors do?

✅ Short term:

• Avoid DOGE, XMR, ZEC, KAS – high volatility risks.

• Monitor the reaction of exchanges (if Binance/Kraken freeze DOGE – there will be panic).

✅ Medium term:

• If DOGE withstands the attack – a rebound is possible (but the risks are high).

• Monitor Dogecoin's hash rate (if Qubic starts to dominate – expect a collapse).

✅ Long term:

• PoW coins may lose trust if attacks continue.

• PoS and hybrid networks (for example, Ethereum after The Merge) will become more reliable.

▎4. Conclusion

• DOGE is under threat – a sharp dump is possible if Qubic attacks.

• Monero (XMR) has already suffered – recovery will take time.

• Zcash (ZEC) and Kaspa (KAS) – the next candidates for attack.

• BTC, ETH, SOL, TON – may receive a capital influx due to the flight from PoW.

Recommendation: monitor the DOGE hash rate and statements from exchanges. If Qubic starts to dominate – expect panic. If DOGE holds – a short-term increase is possible.#BTC走势分析 #solana #Dogecoin‬⁩