Potential Altcoins Ahead of US Crypto Reserve Reveal

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President Donald Trump's decision to establish an official cryptoasset repository for the U.S. government has created great excitement. On April 5th, the Treasury Department and federal agencies will disclose the number of digital assets they own, including Bitcoin. This has drawn attention to which cryptocurrencies will be selected. Although Bitcoin's presence on the list is almost certain, the real question is which altcoins will join.

On March 6th, Trump signed an executive order to establish the U.S. Strategic Digital Asset Reserve, also known as the Digital Asset Repository. According to the plan, all federal agencies must report their Bitcoin and other cryptocurrency amounts to the Treasury Secretary within 30 days, setting a deadline of April 5th. A key point in the order is that the Treasury Secretary and Commerce Secretary are permitted to expand the reserve through strategies that do not increase the budget, meaning they can purchase additional cryptoassets through strategic deals instead of direct spending.

Notably, before signing the order, Trump shared on Truth Social about the cryptoassets he favors. Besides Bitcoin, he mentioned Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). These five cryptocurrencies may play important roles in the U.S. cryptocurrency reserve, and they currently rank among the highest market capitalization currencies, becoming strong candidates for the reserve.

Bitcoin remains the dominant player with a market value of $1.690 trillion, followed by Ethereum with $225.4 billion. XRP, Solana, and Cardano have market capitalizations of $123.6 billion, $64.8 billion, and $24.14 billion, respectively. If federal agencies confirm ownership of these assets, it could trigger a strong price increase for them.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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