President Donald Trump's recent announcement on the establishment of a national crypto reserve has stirred up investor interest in American-made altcoins.
Currently, the US crypto reserve comprises Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA), with potential additions of Chainlink (LINK), Ondo (ONDO), and Litecoin (LTC) on the horizon.
Experts view Chainlink (LINK) as a strong contender due to its inclusion in the Coinbase 50 Index, presence in Grayscale's trust, and ties to World Liberty Finance, linked to Trump's family.
Quinten, founder of weRate, sees LINK's technology as pivotal in bringing US strategic assets onto the blockchain. Similarly, Ondo (ONDO) is emerging as a strong candidate, with ties to World Liberty Financial and endorsements from Donald Trump Jr.
Nathan Allman, CEO of Ondo, emphasized the company's role in pioneering the tokenization of US Treasuries and its plans to expand into various financial instruments.
Noteworthy content creator JRNY Crypto believes that Litecoin (LTC) could secure a spot in the reserve and potentially receive approval for an ETF, as per Bloomberg analysts' estimations.
The news of the US crypto reserve plan has led to a surge in the market capitalization of "Made in America" tokens, with a 12% increase totaling nearly $500 billion, eclipsing the market cap of "Made in China" coins.
Despite the excitement surrounding these developments, the inclusion of altcoins in the national reserve has sparked controversy, with some industry leaders advocating for Bitcoin as the sole suitable asset for such a purpose.