US President Donald Trump introduced yesterday that altcoins will likely be included within the authorities’s crypto strategic reserve. It’s an attention-grabbing transfer that has been met with combined reactions. Might we probably see meme coin indexes being added to the reserve?
Bitcoin was initially the one cryptocurrency anticipated to function within the US crypto reserve. Nevertheless, Trump’s current 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 Reality Social.
It’s a welcome sight after a dismal week throughout which $BTC sunk to beneath $79K. Let’s see what this implies for the trade.
Crypto Heavyweights Weigh in on Trump’s Large Information
Whitehouse AI and crypto czar David Sacks shortly took to X in help 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 incredible begin of one thing actually good. Be pleased. Maintain constructing.’ He went on to say that ‘extra “priceless crypto” are prone to be added over time. Extra international locations will comply with.
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 possibly can do a market cap weighted index of crypto belongings 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 greatest meme cash are out for the rely.
Keep in mind that 2024 was a powerful yr for the meme coin market. Based on 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, buyers are sitting up and taking discover.
That’s why $DOGE, $SHIB, $PEPE, and co ought to be taken significantly. And it’s not simply the meme coin OGs we’re speaking about. Newcomers to the market comparable to Solaxy ($SOLX), MIND of Pepe ($MIND), and Meme Index ($MEMEX) are potential sport changers.
$MEMEX specifically has a really enticing proposition – asset diversification. This, by the best way, is why Trump needs so as to add altcoins to the strategic reserve. In any case, there are few higher methods to handle threat than by means of diversification.
Meme Index is the world’s first decentralized meme coin index. At present in presale, it offers buyers publicity to the meme coin market however with various volatility ranges. $MEMEX does this by means of 4 meme coin baskets (indexes) – Titan, Moonshot, Midcap, and Frenzy.
The Titan Index consists of the meme coin market huge 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 probably explosive beneficial properties. This one will attraction to degens with no worry of their eyes who snigger on the threat.
Someplace within the center are the Moonshot and Midcap indexes – a extra light steadiness of decrease volatility than the Frenzy Index, and probably higher rewards than the Titan Index.
Wrapping Up
Because the previous couple of weeks greater than reminded us, the crypto market might be unpredictable, to say the least. That’s why we consider $MEMEX may very properly be certainly one of this yr’s greatest altcoins to put money into. 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 palms 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 effective place to begin, and go to the $MEMEX Telegram and X channels for normal updates.
And who is aware of… Now that altcoins are set to affix Bitcoin in Trump’s strategic reserve, maybe it received’t be lengthy till $DOGE, $PEPE, $MEMEX, and different prime meme cash are added to the rising record.