In the grand theatre of financial folly, President Donald Trump has taken center stage with a most audacious proclamation: the establishment of a national crypto reserve! Investors, like moths to a flame, have turned their gaze toward the glittering altcoins crafted in the good ol’ USA.
The current ensemble of the US crypto reserve boasts illustrious names such as Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). Yet, the soothsayers of finance predict a delightful expansion, with Chainlink (LINK), Ondo (ONDO), and Litecoin (LTC) poised to join this illustrious cast.
Why Experts Consider Chainlink (LINK), Ondo (ONDO), and Litecoin (LTC) Strong Contenders
Chainlink (LINK) emerges as a veritable star, basking in the limelight of the Coinbase 50 Index, gracing Grayscale’s trust, and enjoying the familial connections of World Liberty Finance—an enterprise with Trump’s kin at the helm. How charmingly convenient! 😏
Quinten, the illustrious founder of weRate, posits that LINK’s technological prowess could usher US strategic assets onto the blockchain stage. A digital ballet, if you will!
“LINK will be in the Crypto Strategic Reserve. Chainlink will facilitate a lot of this stuff, from the proof of reserves to putting other strategic assets on-chain (gold, currencies, …),” Quinten predicted, with all the confidence of a fortune teller at a county fair.
Ondo (ONDO) is another likely contender, as World Liberty Financial holds Ondo tokens, and Donald Trump Jr., a co-founder of WLFI, has graced Ondo events with his presence. How delightful! 🎉
“Trump confirmed a crypto strategic reserve, and his own crypto company, World Liberty Financial, holds Ondo. AND Donald Trump Jr. and other WLFI founders spoke at the Ondo Summit. Ondo is also a US based crypto. To me, it’s confirmed that either Ondo will be included or Trump will tap Ondo to tokenize the entire stock market,” Investor Not Telling predicted, with a wink and a nudge.
Ondo CEO Nathan Allman, ever the optimist, responded to Trump’s announcement by reaffirming that Ondo is a US-based blockchain company pioneering the tokenization of US Treasuries. The company plans to expand into stocks, bonds, and ETFs. A veritable buffet of financial delights!
Additionally, the ever-astute content creator JRNY Crypto speculated that the reserve could include Litecoin (LTC), highlighting that LTC is a strong candidate for a spot ETF. Bloomberg analysts, with their crystal balls, estimate a 90% approval probability for the ETF. How thrilling! 📈
“All coins mentioned in the reserve are USA COINS. They also said BTC, ETH, and other coins. IMO, LTC will be added to the reserve and get an ETF,” JRNY Crypto predicted, as if he were reading tea leaves.
Market Surge in “Made in America” Tokens
In the wake of Trump’s announcement, the market capitalization of “Made in USA Coins” surged by a staggering 12%, reaching nearly $500 billion, according to CoinMarketCap data. This figure is 16 times the market cap of “Made in China Coins,” signaling a robust preference for US-originated crypto projects. How patriotic! 🇺🇸
Moreover, this altcoin group’s trading volume spiked by 300% in the past 24 hours, surpassing $82 billion, with XRP leading the charge. A veritable stampede of investors!
Yet, amidst the jubilation, the US crypto reserve plan has ignited a tempest of controversy. Many industry leaders have voiced their discontent, arguing that only Bitcoin is worthy of such national honor. How quaintly traditional! 🧐
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2025-03-03 14:09