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$DOGE Dogecoin (DOGE) hits a two-month high and breaks above 0.1, forming a perfect upward channel. The reason behind this comes from mining companies planning to merge and go public.
On May 2nd, Chater Pharmaceuticals Holdings has agreed to acquire United Dogecoin through a merger supported by a $11 million PIPE financing.
The combined company plans to deploy 3,000 ElphaPex mining machines within 60 days after the deal closes.
The project aims to capture approximately 1.5% of the global Dogecoin mining hash rate at a level of 43,200 GH/s.
Want to know the follow-up situation and precise entry strategies? Follow Shanhe Ge and join the chat room to discuss!