Back during his presidential campaign, Donald Trump, now President-elect, announced plans to build a strategic Bitcoin reserve. Now, however, Dogecoin’s co-founder, Billy Markus, proposed making a national DOGE reserve instead, causing speculations on X to blow up.
Markus’ proposal emerged in the context of the current discussions regarding a possible BTC strategy reserve in the US. Industry participants immediately started speculating whether it was realistic to make it, and what it would mean for meme coins.
Could DOGE Become A National Reserve Currency?
Dogecoin’s story is well-known in the crypto industry. The project emerged as a joke version of Bitcoin back in 2013, and its creators, Billy Markus and Jackson Palmer expected it to maybe stick around for a few weeks. The project outlived everyone’s expectations, becoming the crypto industry’s favorite, sparking the rise of meme coins in 2021, entering the list of the top 10 largest cryptos by market cap, and becoming one of the biggest and best-known cryptos in the world.
Along the way, it saw massive amounts of endorsement from big names, particularly when it comes to Elon Musk, who named it his favorite crypto time after time. Nowadays, Musk is to be in charge of the upcoming Department of Government Efficiency and has been collaborating closely with Trump, who himself became a huge part of the crypto industry over the last few months.
Even with all that said, the idea of using DOGE as a state reserve currently doesn’t seem very realistic. The project lacks Bitcoin’s institutional acceptance, and governments traditionally prefer stable and proven assets. However, if Trump happens to like the idea and do it anyway, the move could fundamentally change the perception of meme coins forever.
BUY DUM TOKENS AND VOTE FOR YOUR PREFERRED FIGHTER
FreeDum Fighters Emerges As One Of The Most Popular PolitiFi Projects
With the US election still fresh in everyone’s minds, it is also worth noting that one of the most popular crypto sectors is PolitiFi, and among various projects, the one that stands out the most is FreeDum Fighters (DUM).
This is a project that emerged as a satirical overview of the US election, with the two main candidates — Trump and Harris — being represented as mechanized combatants, MAGATRON and KAMACOP. The project offered its native token, DUM, which is currently still in presale. Those who bought it could vote for one of the two combatants.
Voting requires them to stake their tokens in one of the two rewards pools belonging to each of the two candidates. However, now that the election is over, the project proved that it has long-term value by introducing other political entities and allowing users to continue their staking through voting.
https://x.com/Freedum_Fighter/status/1859280155534930326
The project already introduced Dark MAGA, which, surprisingly, took the form of a satirical version of Elon Musk. Next, it is expected that the Department of Government Efficiency (DOGEGOV) will join next. FreeDum Fighters intends to start organizing entire parties that will “fight” against one another, essentially proving that it has an endless pool of entities and political conflicts to draw from.
JOIN THE DUM ICO BEFORE ITS PRICE BLOWS UP
This success helped its ICO raise beyond $615k as of November 22, with the DUM token priced at $0.00009 per unit. So far, the ICO sold over 10.4 billion tokens, and anyone looking to join should make their move soon, as the DUM token is scheduled to see another price increase in only 24 hours.
