Dogecoin is experiencing significant developments with Thumzup Media's acquisition of Dogehash, aiming to deploy 3,500 mining rigs, potentially generating $103 million in annual revenue if DOGE reaches $1. This move, backed by Donald Trump Jr., highlights growing institutional interest in Dogecoin, despite its price remaining below all-time highs. Additionally, REX Shares is pursuing regulatory approval for a Dogecoin ETF, which could further legitimize the cryptocurrency and attract more investors.
Market dynamics show Dogecoin facing competition as other cryptocurrencies like Binance's BNB and Cardano gain traction. Despite a surge in mining activity post-Ethereum Merge, Dogecoin's price has not reached new highs like Bitcoin and Ethereum. However, the appointment of Elon Musk's lawyer to lead a Dogecoin treasury indicates strategic efforts to bolster its market position. These developments suggest a complex landscape for Dogecoin, with potential for growth amid competitive pressures.
Dogecoin's New Era: Mining Growth and ETF Buzz
September 08, 2025
1 min read
Dogecoin is experiencing significant developments with Thumzup Media's acquisition of Dogehash, aiming to deploy 3,500 mining rigs, potentially generating $103 million in annual revenue if DOGE reaches $1. This move, backed by Donald Trump Jr., highlights growing institutional interest in Dogecoin, despite its price remaining below all-time highs.