Dogecoin

Cryptocurrency

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Cryptocurrency analyst Jake Wujastyk has taken to the X platform to share his take on what direction <a href="https://u.today/elon-musk-confirms-son-lil-x-still-hodls-dogecoin-doge-community-reacts" rel="noopener noreferrer nofollow">Dogecoin</a>’s price move may take further.
Wujastyk shared a screenshot showing that DOGE has reached a “make or break” point from where the meme coin’s price can either start plunging deeply or it will skyrocket.
<blockquote>
 <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> Make or break here. <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> <a href="https://t.co/MAw1Ay7rK1" rel="noopener noreferrer nofollow">pic.twitter.com/MAw1Ay7rK1</a>— Jake Wujastyk (@Jake__Wujastyk) <a href="https://twitter.com/Jake__Wujastyk/status/1805348525699412351?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 24, 2024</a>
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Notably, over the last 24 hours, the original meme-inspired cryptocurrency has printed an impressive price increase, surging by more than 8.3% and reaching the $0.12537 level, where it is changing hands as of this writing.
Over the last 24 hours, IntoTheBlock on-chain data provider shared that a tremendous <a href="https://u.today/1-billion-dogecoin-in-24-hours-heres-whats-happening" rel="noopener noreferrer nofollow">$1 billion worth of Dogecoin</a> has been moved by anonymous whales. These massive transactions were worth $100,000 minimum, according to the published report.
This uprise signifies a massive increase in the activity of financial institutions as they have started buying and selling DOGE at a higher pace than before.
Overall, in the past 24 hours, the overall transaction volume of Dogecoin has surged to 8.45 billion DOGE – that represents an increase of 37%.

Dogecoin (DOGE) Hits Crucial Point on Chart: Analyst

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