The cryptocurrency market is bracing for significant volatility ahead of the highly anticipated White House Crypto Summit on 7 March.
The event, hosted by former US President Donald Trump and tech investor David Sacks, is expected to shape future regulations and tax policies for digital assets in the US.
One of the most debated topics is a 0% capital gains tax on US-issued cryptocurrencies, which could give a major boost to certain tokens.
Crypto analysts are closely watching how this policy could impact market dynamics, especially for coins with strong US affiliations.
As speculation intensifies, Capo of Crypto, a well-known analyst, has revealed key altcoins that could benefit from potential regulatory changes and price surges in the coming weeks.
Key altcoins to watch
Bitcoin’s recent 9% decline following Trump’s push for a national crypto reserve has put altcoins under the spotlight. Capo of Crypto has identified several digital assets that could capitalise on the upcoming policy announcements.
- NEAR Protocol (NEAR): Known for its scalability and developer-friendly ecosystem, NEAR has strong ties to US-based projects. Despite a 14% drop from its previous high, some traders view it as a long-term buy.
Source: CoinMarketCap
- Render (RENDER): A blockchain platform focused on AI and 3D rendering, Render has gained traction in the US market. Currently, RENDER has a $1.8 billion market cap, but its price has fallen 15%, potentially offering a buying opportunity.
Source: CoinMarketCap
- Constellation (DAG): This low-cap cryptocurrency has gained attention due to its government partnerships, which could position it well if crypto regulations become more favourable. DAG is nearing its $0.046 resistance level and forming a bullish pattern.
Source: CoinMarketCap
- Ethena (ENA): A rising altcoin, Ethena is currently priced at $0.34, down 16%, with a $1.12 billion market cap. It has been gaining traction due to its innovative staking model and potential growth in decentralised finance (DeFi).
Source: CoinMarketCap
- Solana (SOL): Trump’s Crypto Reserve plan includes Solana, making it a key asset to watch. SOL is trading at $136, and any major regulatory announcements at the summit could trigger significant price movements.
Source: CoinMarketCap
Trump-backed policies
The White House Crypto Summit will serve as a platform for discussions between top crypto CEOs, policymakers, and regulators.
If Trump’s 0% capital gains tax proposal gains traction, it could lead to a surge in demand for US-linked cryptocurrencies such as Ripple (XRP), Cardano (ADA), and Solana (SOL).
In contrast, foreign crypto projects could face a 30% tax, which may impact investor sentiment towards non-US digital assets.
This divide between domestic and international crypto regulations could create a two-tier market, favouring projects with strong US connections.
Investor sentiment remains mixed
While crypto traders are positioning themselves ahead of the summit, market sentiment remains divided. Some investors are bullish on the idea of a US crypto reserve, believing it could drive institutional adoption and regulatory clarity.
Others remain cautious, fearing that potential tax changes could trigger capital outflows from non-US projects.
With just days remaining before the event, altcoins like NEAR, RENDER, DAG, ENA, and SOL are likely to see increased volatility as traders speculate on regulatory outcomes.
Whether these assets can capitalise on the post-summit market reaction will depend on how policies unfold and whether the US government moves towards more crypto-friendly regulations.
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