DOGE News: Z Squared Merges with Biopharma Firm to Boost Dogecoin Mining

In the latest DOGE news, there has been an announcement by the Z Squared DOGE mining firm. Based on this announcement, this company, in a surprising turn of events, is merging with the biopharmaceutical company Coeptis Company. Based on this Dogecoin news, the company that is the result of this merger will continue the mining operations. However, the Coeptis’ pharmaceutical will become a separate entity and will be operated as one. 

Will This Merger Create the Largest Dogecoin Mining Company?

This company will become one of the Dogecoin mining giants as its value increases, making it one of the biggest in this sector.  As per this DOGE news, this contract will be closed as late as the third quarter of this year. This will create a mining company with over 9,000 mining rigs, specially made for DOGE mining. Such development can also create excitement whiting the community, causing the DOGE price to rise. 

The merger has also caused the old CEOs to step down and David Halabu to become the new CEO. This move will also be very expensive, leading the final entity to go public. The Z Squared CEO has also sent a statement regarding this merger. “Going public provides us with broader access to capital markets to fuel the growth of our mining operations and pursue additional strategic opportunities we believe will be accretive to shareholders.” This announcement has not been favorable for COEP as its stock value is down almost 38%.

How Does Dogecoin Mining Compare to Bitcoin Mining?

The mining process of Dogecoin is similar to that of BTC, as this memcoin is a parody of the prime crypto. This mining process involves miners completing an algorithmic problem to go to the next block. Such a mining method is called the Proof-of-Work consensus mechanism and gives the coins to whoever solves the block sooner. Ironically enough, although it started as a parody, DOGE price and market capitalization have grown significantly since its launch. This puts Dogecoin as the eighth biggest cryptocurrency in the crypto market. With over $27 billion in market capitalization, this token is the biggest memecoin as well.

Bitcoin mining is becoming more expensive every day, and the competitive scene for this sector makes it even more challenging. Because of this, some crypto mining firms have been looking to start mining altcoins like Dogecoin and Litecoin. One example is the Bitcoin mining firm BIT Mining. This company expanded its operations to DOGE and LTC, which has resulted in triple the profits of BTC mining. 

Is DOGE Preparing for a Breakout After Its Recent Consolidation?

DOGE price is near $0.18 right now and is showing signs of consolidation. This comes after the recent price surge. The hourly candles demonstrate that DOGE encountered resistance at the $0.1900 level, which now serves as a short-term resistance to bullish price movement. The volume data demonstrates reduced buying, which shows that traders are waiting for stronger market indicators before opening new positions. Without major DOGE news stories, this token will remain below the $0.1900 resistance and above the $0.1800 support.

DOGE/USD daily chart, published on TradingView, April 26, 2025

Based on the DOGE/USD daily chart, the Relative Strength Index of 49 demonstrates weak market momentum. This also means no clear trend towards either bullish or bearish activity in the near future. Market behavior shows no clear direction as it stabilizes around the midpoint. The Moving Average of the RSI stands at 55, which exceeds the present RSI value and suggests a minor bearish divergence. The ADX measures around 22, which shows decreasing trend strength. DOGE price remains in a consolidation or sideways phase because its ADX falls below the standard threshold value of 25.  

Is Dogecoin Mining Still a Golden Opportunity for Investors?

As this token’s potential for profitable mining becomes more known, there are expectations for more bullish DOGE news. So if this memecoin remains a profitable mining option, an explosive price surge becomes inevitable in the long term. This is why long-term investors should also pay attention to positive Dogecoin news like the one discussed in this article.

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