Dogecoin price rose 5% on Wednesday to reclaim $0.38 as Donald Trump signed the DOGE department into law. Media reports linking the Dogecoin logo to the official DOGE website sparked bullish speculations that a $0.50 breakout could be imminent.
Ibrahim Ajibade is an On-Chain Analyst and Financial Content Writer. He specializes in the intersection of cryptocurrency and blockchain technology, with a focus on Bitcoin, altcoins, and the evolving dynamics between decentralized finance (DeFi) and traditional finance (TradFi). Ibrahim's insights and analyses have been featured in Maxbit - Crypto News, BeInCrypto, FX Empire, crypto.news, and FXStreet.