$DOGE Important News Today 📰🗞️
The Qubic community voted to target Dogecoin for mining tests, right after launching a 51% attack on Monero. This has caused quite a stir, as the market cap of Dogecoin surpassed $35 billion, making it a direct target.
I believe this is not just a joke; the Qubic team is trying to showcase the vulnerabilities of the Proof of Work (PoW) network. As the leading currency in the meme world, if Dogecoin is indeed hacked, the level of market panic will rise significantly.
Alongside the news of Kraken suspending Monero deposits, this move may alert more projects on-chain, leading to greater volatility in DOGE prices in the short term.
In the long term, this shift from Proof of Work (PoW) to Proof of Stake (PoS) may be stimulated. Investors should closely monitor the fluctuations in Dogecoin's hash rate and reduce their holdings immediately to hedge against risks in case of a real crisis.
