Bitcoin and altcoins are experiencing sharp declines due to the economic uncertainty brought on by Donald Trump’s new tariffs.
At this point, while BTC and altcoins have given back all the gains experienced after Trump’s weekend crypto reserve announcement, one of the experienced crypto analysts, il Capo Of Crypto, explained that he sees a potential buying opportunity for certain altcoins.
Il Capo, known for his bearish statements in previous years and frequently criticized by investors for his bearish comments, listed the altcoins that he thinks will benefit the most from the March 7 White House Crypto Summit in a post he shared on his telegram account.
The summit, hosted by Donald Trump and tech entrepreneur David Sacks, will bring together cryptocurrency CEOs, prominent founders and regulators to discuss the next steps in the field of digital assets in the United States.
One of the most anticipated topics at the summit was the announcement of a 0% capital gains tax for cryptocurrencies issued in the US. According to il Capo, if this happens, US-based cryptocurrencies could benefit greatly in the short term.
“This latest drop looks like a bear trap. The tariff news was already priced in, now all that’s needed is Trump’s March 7 Crypto Summit, which is seen as a major boost.
There is a possibility of 0% capital gains tax for crypto issued in the US. If this happens, US-based projects could benefit greatly in the short term.
That’s why I added a few more altcoins to my portfolio.”
“NEAR Protocol (NEAR): A scalable blockchain with strong US ties and promising technical setup. However, it is currently down 14% from yesterday’s peak.
Render (RENDER): A project focused on AI and 3D rendering with a strong US presence. It also has major support.
Constellation (DAG): A low-cap token with government connections could see increased demand. After seeing sustained downward pressure, DAG is charting a solid bullish pattern to break the $0.05 resistance. Low exposure as there is a low ceiling.
Ethena (ENA): A rising altcoin that is gaining attention due to its potential growth in the market.
Solana (SOL): Since Trump’s Crypto Reserve includes Solana, I added a bit.
As a result, il Capo expects these altcoins to see major price movements as the March 7 White House Crypto Summit approaches, especially if new crypto-friendly rules are announced.
*This is not investment advice.
