Usman Salis
Dogecoin has just hit a major technical milestone that could signal exciting times ahead. The meme coin's network hashrate - essentially the computing power keeping it secure - has smashed through previous records, reaching levels never seen before. This development has crypto traders buzzing about what it might mean for DOGE's price action.
Record-Breaking Network Strength
Dogecoin's hashrate just broke through 2.9P (petahash per second) for the first time ever. This number represents all the computing power working to secure the network, and it's been climbing steadily since March 2025. The breakthrough shows miners are more active than ever, making the network tougher against attacks while boosting DOGE's technical foundation.
Crypto trader @krisspax pointed out on X that this hashrate surge shows miners are getting more bullish on Dogecoin. His take? When mining activity ramps up like this, it often leads to price gains down the road. With the network now running at peak security, many believers think this could make DOGE more attractive to investors.
This comes at an interesting time too - DOGE has been holding steady above $0.08-$0.09 support despite market choppiness. A beefed-up mining network might give buyers the confidence they need for the next push higher.
Price Implications
History shows that when major cryptos see their hashrates climb, prices often follow suit over time. Bitcoin and Litecoin have both shown this pattern. For Dogecoin, hitting 2.9P suggests the network is becoming more solid and appealing.
If this trend keeps up, analysts think DOGE might test $0.10 resistance again. Breaking through that level could open the door for bigger moves up. Of course, crypto stays volatile, so traders should watch market sentiment closely.
Usman Salis
