The post Veteran Crypto Analyst Revealed Top Altcoin To Buy Before Crypto Summit appeared first on Coinpedia Fintech News
With Bitcoin experienced a 9% drop following Donald Trump’s recent push for a national crypto reserve, which initially focused on XRP, Solana (SOL), and Cardano (ADA) has sparked debates about the future of crypto assets in the U.S. However, with the White House Crypto Summit set for March 7th, veteran crypto analysts Capo Of Crypto have seen a potential opportunity for specific altcoins.
0% Capital Gains Tax on U.S.-Issued Crypto
The summit, hosted by Donald Trump and tech entrepreneur David Sacks, will bring together crypto CEOs, key founders, and regulators to discuss the next steps for the U.S. in digital assets.
One of the most talked-about possibilities is the 0% capital gains tax on U.S.-issued cryptocurrencies. Back in January, Eric Trump reportedly confirmed that U.S.-based cryptocurrencies like XRP would be exempt from capital gains tax, while foreign crypto projects could face a 30% tax.
If such a policy is implemented, it could boost the prices of key U.S.-linked cryptos like Ripple (XRP), Cardano (ADA), and Solana (SOL).
Top Altcoin To Buy Before Crypto Summit
Additionally, Capo Of Crypto has recently added some altcoins to his portfolio in preparation for a potential market shift, believing they could benefit from the summit’s outcomes.
NEAR Protocol (NEAR): A scalable blockchain with strong U.S. ties and a promising technical setup. However, currently seeing a drop of 14% from yesterday’s high.
Render (RENDER): A project focusing on AI and 3D rendering with a strong U.S. presence. With a market cap of $1.82 billion, the Render token has seen a drop of 15% making it an attractive token to buy at discounted prices.
Constellation (DAG): A low-cap token with government connections that could see increased demand. After seeing continued downward pressure DAG is forming a solid bullish pattern, looking to break the $0.050 resistance.
ENA (Ethena): A rising altcoin that has caught attention due to its potential growth in the market. Right now, ENA is trading at $0.35, down 16%, with a market cap of $1.12 billion.
Solana (SOL): Since Trump’s Crypto Reserve includes Solana, its price reaction will be interesting to watch. SOL is currently trading at $137.
With the March 7th summit coming up, these altcoins could see big price moves, especially if new crypto-friendly rules are announced
