Trump's Crypto Summit: Altcoins Soar Amidst Tax Break Hopes

The crypto market has been abuzz with speculation following a 9% drop in Bitcoin's price, which was partly attributed to Donald Trump's recent push for a national crypto reserve. This move initially focused on XRP, Solana (SOL), and Cardano (ADA), sparking debates about the future of crypto assets in the U.S. However, with the White House Crypto Summit scheduled for March 7th, veteran crypto analysts like Capo Of Crypto have identified potential opportunities for specific altcoins.

The summit, hosted by Donald Trump and tech entrepreneur David Sacks, aims to 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 implementation of a 0% capital gains tax on U.S.-issued cryptocurrencies. If such a policy is implemented, it could significantly boost the prices of key U.S.-linked cryptos like Ripple (XRP), Cardano (ADA), and Solana (SOL).

Capo Of Crypto has recently added several altcoins to his portfolio in anticipation of potential market shifts, believing they could benefit from the summit's outcomes. These altcoins include:

• NEAR Protocol (NEAR): A scalable blockchain with strong U.S. ties and a promising technical setup, currently experiencing a 14% drop 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 and a 15% drop, making it an attractive token to buy at discounted prices.
• Constellation (DAG): A low-cap token with government connections that could see increased demand, forming a solid bullish pattern and looking to break the $0.050 resistance.
• ENA (Ethena): A rising altcoin that has caught attention due to its potential growth in the market, currently trading at $0.35 with a 16% drop and a market cap of $1.12 billion.
• Solana (SOL): Since Trump's Crypto Reserve includes Solana, its price reaction will be interesting to watch, currently trading at $137.

As the March