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KuCoin (KCS) is experiencing quite a surge, contrary to the market-wide sentiment. CoinGecko data shows that KCS’s price has rallied 1.2% in the daily charts, 16.1% in the weekly charts, 21.8% in the 14-day charts, 43% over the previous month, and 79.4% since September 2024. KuCoin’s latest rally comes amid the platform announcing its initiative to capture 10% of Dogecoin mining capacity. Source: CoinGecko Will Dogecoin Mining Send KuCoin To a New All-Time High? Source: Blockchain News KuCoin is launching the KuMining platform, which aims to give institutional investors exposure to Bitcoin (BTC) and Dogecoin (DOGE) hashrate. According to reports, the initiative will be backed by global mining facilities with 300 megawatts (MW) to 2 gigawatts (GW) of power resources. The Dogecoin and Bitcoin mining exposure may lead to increased interest in KuCoin (KCS). The asset is currently down by nearly 48% from its all-time high of $28.83. KCS hit its peak during the 2021 bull run, near...

Bitcoin (BTC) has risen to a new all-time high of $82,379 today. The original cryptocurrency rose over 30% over the previous month. Microstrategy has also witnessed incredible growth following BTC’s latest rally. The company’s return on investment (ROI) increased to more than 100% after BTC hit a new peak. At the moment, the corporation has 252,220 Bitcoin, which is valued at over $20 billion. Also Read: Russia’s De-Dollarization: Putin Blames US for Kicking Them Out Microstrategy CEO Micheal Saylor recently highlighted the company’s incredible returns. Saylor stated on X, “ I think saylortracker.com needs more green dots. “ I think https://t.co/meaZhpFNq9 needs more green dots. pic.twitter.com/faeNCKAvNQ — Michael Saylor️ (@saylor) November 10, 2024 Why Is The Cryptocurrency Market Rallying? The cryptocurrency market surged after Donald Trump won the US presidential election. Trump has been a strong advocate for the cryptocurrency industry. He enable...