US President Donald Trump introduced yesterday that altcoins might be included within the authorities’s crypto strategic reserve. It’s an attention-grabbing transfer that has been met with combined reactions. Might we doubtlessly see meme coin indexes being added to the reserve?
Bitcoin was initially the one cryptocurrency anticipated to function within the US crypto reserve. Nonetheless, Trump’s latest announcement means Ether, XRP, Solana, and Cardano are additionally anticipated to be included.
The cryptocurrency market has been buoyed by the information, with Reuters reporting a ten% enhance within the hours following Trump’s announcement on his social media platform Fact Social.
It’s a welcome sight after a dismal week throughout which $BTC sunk to under $79K. Let’s see what this implies for the trade.
Crypto Heavyweights Weigh in on Trump’s Massive Information
Whitehouse AI and crypto czar David Sacks rapidly took to X in assist of the president. Different crypto heavyweights, nonetheless, aren’t as satisfied.
‘Nothing new right here. Simply phrases,’ was BitMex co-founder Arthur Hayes’ response to Sacks’ put up. Hayes additionally identified that congressional backing can be wanted so as to add altcoins to the proposed strategic reserve.
Binance founder and former CEO Changpeng Zhao had a extra optimistic response, writing on X that ‘it’s a improbable begin of one thing actually good. Be completely satisfied. Hold constructing.’ He went on to say that ‘extra “precious crypto” are prone to be added over time. Extra international locations will observe.
Coinbase CEO Brian Armstrong additionally voiced his ideas on X, saying it could in all probability be greatest to not add altcoins to the reserve.
However, he added, ‘if of us wished extra selection, you could possibly do a market cap weighted index of crypto property to maintain it unbiased.’
Will Meme Coin Indexes Ever be Included within the US Crypto Reserve?
For now it seems Trump’s focus is on including OG altcoins – $ETH, $ADA, $SOL, and $XRP to the reserve. However that’s to not say the very best meme cash are out for the rely.
Keep in mind that 2024 was a powerful yr for the meme coin market. In accordance with a report by CEX.io, its collective market capitalization grew by 330%, whereas meme cash’ share of the altcoin market quantity went up by 350%. In different phrases, traders are sitting up and taking discover.
That’s why $DOGE, $SHIB, $PEPE, and co ought to be taken critically. And it’s not simply the meme coin OGs we’re speaking about. Newcomers to the market resembling Solaxy ($SOLX), MIND of Pepe ($MIND), and Meme Index ($MEMEX) are potential recreation changers.
$MEMEX specifically has a really engaging proposition – asset diversification. This, by the best way, is why Trump desires so as to add altcoins to the strategic reserve. In spite of everything, there are few higher methods to handle danger than via diversification.
Meme Index is the world’s first decentralized meme coin index. Presently in presale, it offers traders publicity to the meme coin market however with various volatility ranges. $MEMEX does this via 4 meme coin baskets (indexes) – Titan, Moonshot, Midcap, and Frenzy.
The Titan Index consists of the meme coin market large boys, amongst them $DOGE and $FLOKI. Investing on this index could imply slower rewards, however low volatility is a particular plus.
The Frenzy Index is on the opposite finish of the spectrum. Sizzling, trending meme cash with excessive volatility however doubtlessly explosive features. This one will enchantment to degens with no worry of their eyes who snicker on the danger.
Someplace within the center are the Moonshot and Midcap indexes – a extra light stability of decrease volatility than the Frenzy Index, and doubtlessly higher rewards than the Titan Index.
Wrapping Up
Because the previous couple of weeks greater than reminded us, the crypto market may be unpredictable, to say the least. That’s why we imagine $MEMEX might very nicely be certainly one of this yr’s greatest altcoins to spend money on. And with the presale quickly set to finish, there’s no higher time to climb on board.
Since launching in early December, the $MEMEX presale has raised near $4M. And proper now, 1 $MEMEX prices $0.0166883 (with 583% staking rewards). Take a look at our full information on easy methods to get your fingers on $MEMEX earlier than the presale ends in simply 4 weeks.
You should definitely DYOR analysis too, although. The official Meme Index whitepaper is an efficient start line, and go to the $MEMEX Telegram and X channels for normal updates.
And who is aware of… Now that altcoins are set to hitch Bitcoin in Trump’s strategic reserve, maybe it gained’t be lengthy till $DOGE, $PEPE, $MEMEX, and different high meme cash are added to the rising listing.
