HomeNewsLitecoin, Dogecoin, Polkadot—Next in Trump’s Crypto Reserve?

Litecoin, Dogecoin, Polkadot—Next in Trump’s Crypto Reserve?

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  • Trump’s Crypto Strategic Reserve could include Litecoin, Dogecoin, and Polkadot, drawing attention from institutional investors.
  • Critics worry Trump’s selective crypto reserve could lead to centralization, impacting digital asset regulation and adoption.

U.S. President Donald Trump’s recent move to establish a “Crypto Strategic Reserve, as reported by ETHNews, has sparked significant debate in the cryptocurrency world. His proposal includes adding Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) to the reserve, which has already seen positive reactions in the market. 

With these coins expected to form the reserve’s core, attention is now shifting toward which other altcoins might join the list. Litecoin (LTC), Dogecoin (DOGE), and Polkadot (DOT) have emerged as top contenders.

Trump’s administration has been actively exploring how digital assets can align with U.S. economic interests. A recent tweet from CryptoRank suggested that Litecoin, Dogecoin, and several other altcoins could be in line for potential institutional support. These include Chainlink (LINK), Avalanche (AVAX), Hedera (HBAR), and Aptos (APT).

Among the altcoins being speculated about, Dogecoin stands out due to its large market cap of $32.4 billion and widespread popularity. Once considered a meme coin, Dogecoin has gained substantial traction due to endorsements from public figures like Elon Musk.

As a result, it has caught the interest of institutional investors and could be a strategic choice for Trump’s crypto reserve. If the adoption of digital currencies continues under his administration, a Dogecoin ETF might become a reality, adding to the growing conversation surrounding this altcoin.

Litecoin, often seen as a faster alternative to Bitcoin, is another potential candidate for Trump’s Crypto Reserve. Currently valued at $9.6 billion, Litecoin’s technical capabilities and possibility for institutional adoption make it an appealing option.

Experts predict the SEC will likely approve a spot Litecoin ETF by the end of the year. This regulatory movement could provide the necessary structure for its inclusion in the U.S. Crypto Strategic Reserve, especially as Trump seeks to elevate the standing of U.S.-controlled cryptocurrencies.

Polkadot, a blockchain platform focused on scalability and interoperability, has a market cap of $7.52 billion and has attracted increasing attention from developers and investors. Its technical focus aligns well with the growing demand for secure and efficient blockchain solutions.

Alongside Polkadot, other altcoins like Avalanche and Aptos, with their strong market positions, could also find their way into Trump’s proposed reserve.

The Debate on Centralization and National Interests

While Trump’s move to build a crypto reserve is seen by many as a way to assert U.S. dominance in the crypto space, it has sparked concerns over the possibility centralization of digital assets.

Some critics, including CryptoQuant CEO Ki Young Ju, have suggested that Trump’s selective approach could create a more centralized structure in the crypto world, with certain coins gaining favor over others. This has raised questions about the broader impact of political influence on the crypto industry.

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Peter Macharia
Peter Macharia
Peter Macharia is a crypto enthusiast and seasoned writer who specializes in blockchain technology, digital assets, and decentralized finance. He has a talent for simplifying complex concepts and turning them into engaging informative content. With a deep understanding of the industry, Peter delivers clear and precise analysis that resonates with both beginners and experienced crypto enthusiasts.
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