TLDR

• Trump’s announcement of a US “strategic crypto reserve” sparked a $300 billion surge in crypto market cap, though Dogecoin was initially excluded from the listed cryptocurrencies
• Dogecoin co-creator Billy Markus emphasized DOGE’s American origins, leading to interactions from both the official Dogecoin account and Elon Musk on social media
• DOGE experienced a 16% price spike following the announcement before settling at a 7.5% increase, trading at $0.219
• 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
• Dogecoin’s current trading price is $0.228427, showing a 10.66% 24-hour increase with $3.69 billion in trading volume

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The cryptocurrency market experienced a massive surge following former President Donald Trump’s announcement of a US “strategic crypto reserve” on March 2, 2025. While Dogecoin was not initially included in the list of selected cryptocurrencies, the popular meme coin saw a notable price increase, reaching as high as 16% before settling at a 7.5% gain.

Trump’s announcement outlined plans to include major cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano in the reserve. The news catalyzed a broader market response, adding over $300 billion to the total cryptocurrency market capitalization.

The exclusion of Dogecoin from the initial list prompted a swift response from the cryptocurrency’s community. Billy Markus, co-creator of Dogecoin, took to social media to remind followers of the cryptocurrency’s American roots, stating, “I just wanna reiterate that dogecoin was created in the USA, in Portland Oregon. Source: me.”

The official Dogecoin account responded to the development with a direct message to Trump’s social media handle, simply stating “bruh.” This interaction caught the attention of Tesla CEO Elon Musk, who responded with a laughing emoji, though his exact stance on Dogecoin’s potential inclusion remains unclear.

Market Analysis

Market analysts have begun speculating about Dogecoin’s future prospects in light of these developments. Technical analysis suggests that DOGE has maintained its position within a critical support zone between $0.16 and $0.19, which some analysts view as crucial for future price movement.

Crypto analyst Kevin expressed optimism about Dogecoin’s future inclusion in the reserve, citing Musk’s relationship with Trump as a potential catalyst. “With Elon being best buddies with Trump and them working hand over first to Make America Great Again I have no doubt in my mind that Dogecoin will be in the strategic reserve at some point,” he stated.

The possibility of additional cryptocurrencies being added to the reserve remains open, as indicated by Trump’s announcement on Truth Social. The former president specifically mentioned that “other valuable cryptocurrencies” could be incorporated into the reserve alongside Bitcoin and Ethereum.

Current market data shows Dogecoin trading at $0.228427, representing a 10.66% increase over 24 hours. The cryptocurrency’s trading volume has reached $3.69 billion, indicating strong market activity despite recent price volatility.

Some market observers have noted that Dogecoin’s chart dynamics have shifted following the news. The cryptocurrency has rebounded into a previously established trend channel and is testing key support levels on the daily timeframe.

Martinez, a market analyst, has outlined a potential path for Dogecoin to reach $4, representing an approximate 1,900% increase from current levels. This projection depends on DOGE maintaining its position above the crucial support zone.

If #Dogecoin $DOGE holds above the $0.16 to $0.19 support, the path remains open for a potential move to $4! pic.twitter.com/8bCUiNQewQ

— Ali (@ali_charts) March 2, 2025

If realized, such a move would push Dogecoin’s market capitalization to around $575 billion, potentially surpassing Ethereum’s current market position. However, this remains a speculative projection based on various market conditions aligning favorably.

The cryptocurrency’s current price represents a 69% decrease from its all-time high of $0.74, achieved in 2021. This context provides perspective on both the potential for recovery and the volatile nature of cryptocurrency markets.

Trump’s own comments emphasized Bitcoin and Ethereum as core components of the planned reserve, stating, “Obviously, Bitcoin and Ethereum, as other valuable cryptocurrencies, will be the heart of the reserve. I also love Bitcoin and Ethereum.”

Community members like Antonio Zamudio have highlighted the need for stronger advocacy for Dogecoin’s inclusion in the reserve. Zamudio suggested that while Elon Musk maintains connections with Trump, dedicated representation for Dogecoin might be necessary to secure its place in the strategic reserve.

At press time, DOGE continues to show strength in the market, maintaining its position above key support levels while traders and investors monitor developments regarding potential inclusion in the US strategic crypto reserve.