Cryptocurrency analyst Jake Wujastyk has taken to the X platform to share his opinion on the direction Dogecoin’s price movement could take.
Cryptocurrency analyst Jake Wujastyk took to the X platform to share his opinion on which direction Dogecoin’s price movement could take in the future.
Wujastyk shared a screenshot showing that DOGE has reached a “make or break” point from where the price of the meme coin may start to fall deeply or will skyrocket.
Notably, in the last 24 hours, the original meme-inspired cryptocurrency has recorded an impressive price surge, surging over 8.3% and reaching the $0.12537 level, where it is changing hands at the time of writing. .
In the past 24 hours, on-chain data provider IntoTheBlock shared that anonymous whales moved a massive amount of $1 billion worth of Dogecoin. These massive transactions had a minimum value of $100,000, according to the published report.
Yuri MolchanThis surge means a massive increase in activity from financial institutions as they have started buying and selling DOGE at a faster rate than before.
Overall, in the last 24 hours, the total Dogecoin transaction volume increased to 8.45 billion DOGE, representing an increase of 37%.
