Dogecoin dey face 51% attack threat, price drop amid Qubic test
Dogecoin dey face 51% attack threat afta Qubic founder Sergey Ivancheglo lead correct attack on Monero, and e community vote DOGE as de next proof-of-work stress test target. Even though dem talk say na resilience experiment, security palava make Kraken halt Monero deposits. DOGE price drop 4.5% to $0.22, daily volume burst 53% to $2.87 billion. Technical analyst see triangle consolidation, suggest say fit get 30% breakout. Meanwhile, Grayscale S-1 filing for spot Dogecoin ETF push open interest to $4 billion. Analyst Javon Marks talk say e dey project 170% rally to $0.6533 and fit reach $1.25 if breakout strong. At the same time, memecoin Maxi Doge (MAXI) raise $1.17 million, show say investors dey serious for new dog-themed tokens.
Bearish
Di tori gbege na bearish as di looming 51% attack threat an di recent price drop dey show say security wahala don increase and sellers dey put pressure for DOGE. History don show say blockchain attack wahala, like di Monero case, fit make traders lose confidence and usually dem go begin sell sharp sharp. Even though Grayscale submit one spot Dogecoin ETF and di price targets dey look bullish, all dis tins fit be overshadow by di immediate network wahala. So traders fit still dey cautious, wey fit make di price of DOGE dey go down for short term. For long term, if dem approve di ETF, e fit bring back di bullish vibes, but until security matter clear, di bearish feelings go still dey strong.