1. Positive impact (potential for price increase)
Big investor entry: Donald Trump Jr.-backed company is directly buying Dogecoin mining infrastructure. This sends a message to the market that large and influential capital is pouring into Dogecoin → usually such news increases investor confidence.
Dogecoin mining capacity increase: Dogehash's 2,500+ ASIC miners will now be under Thumzup and will be expanded. This means that the long-term security and production capacity of the Dogecoin network will increase → Good news for network stability.
Nasdaq Listing (“XDOG”): New entity coming to Nasdaq, with Doge attached to its name → This will bring Dogecoin to the attention of mainstream investors. Seeing “XDOG” on the stock market means more awareness → long-term interest could increase.
2. Negative impact (risk of price decline)
Share price falls in the market: Thumzup shares have fallen by about 45% since the announcement. This reflects investor skepticism or disappointment. If the market thinks that the deal is just a promise on paper, then crypto sentiment could also be affected.
If mining production increases, supply increases: Dogecoin is an inflationary coin (a certain number of new coins are released every year). New big mining farms mean big players will come to get block rewards → supply may increase in the market, if demand does not increase, the price may be pressured.
Short-term uncertainty: Crypto markets often experience speculative sell-offs as news comes in.
3. Possible results (Balance View)
Short term: Falling stocks and market panic could put pressure on Dogecoin, meaning the price could drop slightly.
Long term: If Thumzup really builds a strong mining infrastructure and “XDOG” gets hype on Nasdaq, it will create new confidence in Dogecoin → positive for the price in the long term.
👉 Simply put:
There is a possibility of slight downward pressure on prices right now.
But if the plans are implemented, it could be good news for Dogecoin in the long term.
