▎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