Dogecoin, Shiba Inu, and Cardano Experience Extreme Volatility Following Trump's Comments on U.S. Strategic Crypto Reserve

On March 2, 2025, former President Donald Trump announced plans to create a U.S.-focused crypto reserve, sending shockwaves through the cryptocurrency market. The news sparked a $300 billion surge in the crypto market cap, with major cryptocurrencies like Bitcoin, Ripple's XRP, Solana, and Cardano rocketing higher. However, Dogecoin, Shiba Inu, and other memecoins initially missed out on the rally, only to experience extreme volatility in the days that followed.



Dogecoin's Rollercoaster Ride

Dogecoin, the popular memecoin, initially failed to make the list of cryptocurrencies for the U.S. crypto reserve. This exclusion led to a 16% price spike following the announcement, as Dogecoin enthusiasts and investors hoped for its inclusion. However, the price eventually settled at a 7.5% increase, trading at $0.219. Billy Markus, co-creator of Dogecoin, emphasized the coin's American origins, leading to interactions from both the official Dogecoin account and Elon Musk on social media. Analysts predict potential DOGE price targets of up to $4 if it maintains support between $0.16-$0.19, representing a possible 1,900% increase. Despite the volatility, Dogecoin's current trading price is $0.228427, showing a 10.66% 24-hour increase with $3.69 billion in trading volume.



Shiba Inu's Resilience

Shiba Inu, another popular memecoin, also experienced volatility following Trump's announcement. Although not explicitly mentioned in the announcement, the broader market sentiment and increased interest in memecoins have positively impacted Shiba Inu. SHIB's price has shown resilience, trading at $0.00001254 at the time of writing, with a 24-hour increase of 1.57% and a trading volume of $1.12 billion. The overall memecoin sector's positive sentiment, fueled by Dogecoin's performance and the potential inclusion of memecoins in the U.S. Strategic Crypto Reserve, has contributed to SHIB's stability.

Cardano's Wild Ride

Cardano, a cryptocurrency with strong ties to the U.S. through Input Output Global (IOG), was included in Trump's announcement. This news sent the price of ADA sharply higher, with Cardano just making a wild 60% jump, climbing from $0.65 to $1.01. This surge brought ADA to its highest price in over a month, leaving Dogecoin in the dust and making it the eighth-largest crypto by market cap. The inclusion of ADA in the U.S. crypto reserve could push other cryptocurrencies to chase similar recognition, possibly leading to a more favorable regulatory scene for digital assets.



Regulatory Implications and Risks

Trump's announcement of a U.S. "strategic crypto reserve" has significant regulatory implications for Dogecoin, Shiba Inu, and Cardano. While the announcement could lead to increased legitimacy and acceptance of these cryptocurrencies, regulatory scrutiny might also uncover past issues, such as market manipulation or "rug pull" allegations. Investors should remain cautious and conduct thorough due diligence before investing in these volatile cryptocurrencies.



In conclusion, Trump's comments on the U.S. Strategic Crypto Reserve have significantly influenced the market sentiment and volatility of Dogecoin, Shiba Inu, and Cardano. The announcement has sparked price surges, increased trading volumes, and positive market sentiment for these cryptocurrencies. However, investors should remain vigilant and cautious, as regulatory scrutiny and market uncertainty may pose challenges for these cryptocurrencies in the long run.