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This Top Cryptocurrency Got 51% Attacked. Yet, It’s Up 19% And It’s a Problem

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A researcher at the MIT Digital Currency Initiative discovered that Bitcoin Gold was 51 percent attacked on January 23. Yet, in the last 24 hours, the cryptocurrency has increased by 19 percent in price.
In a report published on code repository GitHub, MIT DCI research assistant James Lovejoy said two seperate attacks were carried out on Bitcoin Gold blocks within a span two days.
More attacks can happen and still, price of the cryptocurrency is up
A 51 percent attack is quite possibly the most serious form of attack against a cryptocurrency.
When carried out successfully, it allows attackers to re-organize blocks and change data within a blockchain.
Since the main characteristic of a public blockchain network that makes it better than centralized alternatives is immutability, a 51 percent attack can cause dire consequences for a cryptocurrency.
It is not cheap or easy to carry out a 51 percent attack, however. The attack itself requires majority control over a blockchain network’s hashpower.
For a major cryptocurrency like bitcoin, Ethereum, and others, it’s practically impossible to carry out a 51 percent attack. One could possibly carry out an attack, but there would not be any incentive to do so and the attacker would end up losing money.

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