The popular meme cryptocurrency, Dogecoin, has reached a crucial point on its chart, leaving investors wondering what's next. According to analyst Jake Wujastyk, the coin's price could either plummet or skyrocket from here.

Over the past 24 hours, Dogecoin has seen an impressive surge of over 8.3%, reaching $0.12537. This increase is accompanied by a significant rise in transaction volume, with a whopping $1 billion worth of DOGE being moved by anonymous whales. This activity suggests a growing interest from financial institutions, which could be a sign of things to come.

The increased transaction volume is a promising sign for Dogecoin, with a 37% rise in the past 24 hours alone. This surge has led to a total transaction volume of 8.45 billion DOGE. While the future is uncertain, analyst Jake Wujastyk's prediction suggests that Dogecoin is at a make-or-break point.

In conclusion, Dogecoin's recent surge and increased transaction volume have left investors on the edge of their seats. As the coin reaches a critical junction, all eyes are on its next move. Will it continue to rise or take a drastic fall? Only time will tell.