President Donald Trump announced yesterday that the federal government will add altcoins to its cryptocurrency reserves. Residents of the economic world reacted positively and negatively toward Trump’s announcement about his altcoin inclusion on Truth Social.
Does adding meme coin indexes to the national reserve appear possible now? The U.S. government intended to put Bitcoin into their crypto reserve at first. The prominent altcoins Ether (ETH), XRP, Solana (SOL), and Cardano (ADA) will join Ethereum and Bitcoin in the U.S. crypto strategic reserve.
Crypto Market Surges 10% Following Reserve Announcement
The news of the cryptocurrency reserve affected trading activity positively as Reuters revealed a 10% boost in the hours after the announcement. The announcement emerges shortly after Bitcoin faced a week of losses that took its value below $79K. People hope to learn how this recovery will affect the larger digital asset market operations.
After Trump’s Twitter decision Whitehouse AI and David Sacks jumped in to support Trump as crypto czar. Several prominent figures in the crypto industry disagree with Mr. Sacks about the announcement.
President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.” More to come at the Summit.
— David Sacks (@davidsacks47) March 2, 2025
BitMex co-founder Arthur Hayes does not find the news significant because this step has already been achieved. Just words.” According to Hayes the U.S. Congress first needs to authorize before any alternative cryptocurrencies join the strategic reserve.
Nothing new here. Just words. Lmk when they get congressional approval to borrow money and or revalue the gold price higher. Without that they have no money to buy #bitcoin and #shitcoins. https://t.co/Q06cDtL6h7
— Arthur Hayes (@CryptoHayes) March 3, 2025
Before Binance’s founder Changpeng Zhao (CZ) spoke out with positive views he expressed optimism towards the news saying this represents a great beginning towards something truly positive. He asked people to celebrate their progress as introducing other valuable crypto tokens to the reserve will continue for years ahead across multiple nations.
https://twitter.com/cz_binance/status/1896246000161001877
As the CEO of Coinbase Brian Armstrong stated his position with caution. Despite doubts about adding alternative coins to the reserve, he suggested making a crypto asset index based on market value for diversified protection.
Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is:
1. Just Bitcoin would probably be the best option – simplest, and clear story as successor to gold
2. If folks wanted more variety, you could do a market cap weighted index of crypto… https://t.co/jv8Gcn8N2S— Brian Armstrong (@brian_armstrong) March 3, 2025
The president wants to put established altcoins ETH ADA SOL and XRP into the reserve first. The possibility of meme coins entering this list remains open. Experts support this prediction because meme coin performance led to substantial growth in the sector in 2024.
Should DOGE, SHIB, and PEPE Join U.S. Reserves?
Recent data from CEX.io shows that meme coin investments grew 330% as their market capitalization but their trading activity increased by a massive 350% last year. Investors are giving full attention to these statistics.
The debate now exists about whether Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) should join the list of strategic reserves. The market is taking notice as small cryptocurrencies like SOLX MIND and MEMEX start attracting popularity.
Meme Index ($MEMEX) stands as the leading decentralized meme coin index currently in presale. MEMEX presale lets investors access diverse meme coin opportunities by choosing from its Titan, Moonshot, Midcap, and Frenzy baskets.
The Titan Index holds well-known meme coins such as Dogecoin and FLOKI to provide investors reliable protection and reduced market ups and downs. Risk-tolerant investors who seek action-packed meme coin returns should focus on the Frenzy Index because it selects trending and volatile investment targets.
The Moonshot and Midcap indexes offer investors a good risk-to-reward ratio so they can begin exploring meme coins without taking too many chances.
[…] choices resulted in market stability diminishing. Current economic risks might delay upcoming Federal Reserve rate cuts which a few analysts had predicted for 2024. The downward pressure on Bitcoin together […]