U.S. President Donald Trump's latest announcement about adding select cryptocurrencies to the country's strategic reserves has stirred discussions across the crypto world. Bitcoin and Ethereum ETFs are already in place, with Solana, XRP, and Cardano expected to follow.
Next Altcoins in Line
According to a recent tweet by CryptoRank, altcoins such as Litecoin, Hedera, Polkadot, Chainlink, Dogecoin, Avalanche, and Aptos are being considered. Dogecoin stands out due to its popularity and connections with figures like Elon Musk.
Trump's Crypto Strategy
Former U.S. Treasury Secretary Steven Mnuchin noted that the Trump administration is actively supporting crypto assets that align with national interests. This support could raise questions about centralization and political influence over the crypto market.
Expert Opinions
Leading analysts believe that the anticipated inclusion of new tokens in U.S. reserves could alter market dynamics. The emergence of a Dogecoin ETF and support for projects like Hedera and Chainlink might strengthen their positions as infrastructure blockchains.
State support for certain cryptocurrencies could significantly impact their development and market adoption. Meanwhile, all eyes are on whom Trump will choose to further bolster the U.S. crypto strategy.
