Yuri Molchan
The leading meme cryptocurrency Dogecoin has reached an important level on charts and here’s what’s coming next
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Cryptocurrency analyst Jake Wujastyk has taken to the X platform to share his take on what direction Dogecoin’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.
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 $1 billion worth of Dogecoin 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%.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
This news is republished from another source.
