Trump's Crypto Reserve Announcement and Its Impact on DOGE

Despite this, the announcement caused a $300 billion surge in the overall crypto market, with many speculating whether DOGE could be added in the future.

President Donald Trump's announcement of a U.S. strategic crypto reserve has set the stage for an interesting development in the cryptocurrency domain.

Announced in an interview with Breitbart News, Trump's plan involves establishing a crypto reserve, comprised of major cryptocurrencies.

Initially, the president named Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) as inclusions in this reserve.

However, despite the broad optimism sparked by Trump's crypto footprint, his administration has yet to grant approval for a spot Bitcoin exchange-traded fund (ETF) application.

Nonetheless, Trump's crypto push has already had a notable impact. Since news broke of the administration's crypto plans, a $300 billion surge occurred in the overall crypto market.

This development comes amid speculation about whether President Trump could add Dogecoin (DOGE) to his crypto portfolio.

Reports suggest that Trump's administration is open to considering crypto adoption, and the president himself has expressed positive views on Bitcoin in the past.

A White House spokesperson declined to comment further on the president's crypto plans.

Elon Musk Reacts to Dogecoin's Absence From Trump's Crypto List

Elon Musk, a well-known fan of Dogecoin, reacted to discussions surrounding the meme coin's absence from President Donald Trump's crypto list with a lighthearted quip.

During a recent interview, White House officials were questioned about the possibility of Dogecoin inclusion in President Trump's crypto portfolio.

"Not to pry, but I’m wondering if we’ll be seeing Dogecoin on that list anytime soon?" a reporter asked.

A White House spokesperson responded by stating that they would refer any questions about cryptocurrencies to the president's administration.

Elon Musk, known for his presence on X (formerly Twitter), couldn't help but comment on the interaction, adding a playful touch.

"Hopefully, no one is putting too much pressure on the White House about meme coins," Musk wrote in response to a post about the interview snippet.

Musk's company Tesla still holds Bitcoin on its balance sheet, and the billionaire has previously integrated DOGE payments into businesses like Tesla and X. Any further endorsements or integrations could propel the meme coin's price upwards.

Dogecoin Price Analysis: Can Doge Price Reach $1?

As of March 3, 2025, Dogecoin (DOGE) is trading at $0.208, reflecting a 0.08% decrease from the previous close. The meme coin has seen a daily high of $0.241 and a low of $0.208, highlighting its volatile nature despite growing market attention.

Recently, Dogecoin broke out from a long-term falling wedge pattern, a technical move that could favor further gains.

If the breakout holds, analysts predict that DOGE could rally towards the $0.43 level in the coming weeks. This prediction is based on the wedge's height, which is used to project the potential move.

Key resistance levels to watch:

* $0.242 (high reached on March 3)

* $0.20 (key support level)

* $0.18

If DOGE fails to maintain support above the $0.20 level, we might see a return to $0.18 or lower.

Dogecoin price has been volatile in recent times, but technical analysis suggests a bullish setup.

With the U.S. president and a billionaire entrepreneur both making remarks about the meme coin, investors are keenly interested in any developments that could influence Dogecoin's price.