KuCoin KuPool Adds DOGE & LTC Mining, Aiming for 25% Upside
KuCoin has launched KuPool, a new mining pool supporting Dogecoin (DOGE) and Litecoin (LTC) via merged mining, with Bitcoin integration coming soon. KuPool aggregates users’ computing power with verifiable hash-rate tracking and profit-sharing, lowering technical barriers for PoW mining. Through merged mining, participants mine LTC and automatically earn DOGE rewards.
In market action, DOGE trades between $0.17 and $0.22, up 4% this week but facing resistance at $0.24. A successful break could push DOGE toward $0.28, a 25% gain. Key technical indicators, including the 10-day and 100-day moving averages, signal stabilization after a 17% monthly drop.
LTC trades between $85 and $100, rising nearly 5% this week despite a 9% monthly decline. Support at $75 and resistance near $100 are key levels. A rally past $100 may open a path to $126, a potential 25% upside.
By integrating DOGE and LTC mining, KuCoin KuPool may boost miner participation and token liquidity. Traders should monitor DOGE and LTC price action, mining difficulty, electricity costs and pool fees to assess the impact of mining incentives on market momentum.
Bullish
KuCoin KuPool’s launch of a Dogecoin and Litecoin mining pool is likely bullish for both tokens. In the short term, the introduction of merged mining incentives can spur trader interest and increased liquidity, potentially driving DOGE and LTC past key resistance levels. Over the long term, broader miner participation and higher hash-rate enhance network security and market resilience. Monitoring price action around $0.24 for DOGE and $100 for LTC will be essential to confirm the bullish momentum.