The first-ever White House Crypto Summit just happened, and wow, did it shake things up. President Trump took the stage and made a historic announcement: the U.S. government is creating a Strategic Bitcoin Reserve. That’s right – Uncle Sam is now stacking sats. The plan is to use seized $BTC from criminal cases to build […]
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The crypto market reacted negatively after the much-anticipated Crypto Summit. As the dust settles, here are the top 3 altcoins to buy once the price correction stabilizes.
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In what’s a truly historic event, the first-ever crypto summit was held on March 7 in the White House. President Donald Trump made some encouraging announcements during the meet that could pave the way for crypto’s next bull run. Firstly, Trump vowed to abolish the long-running ‘Operation Choke Point 2.0,’ which has crippled the growth of crypto start-ups within the country. The erstwhile government used this to weaponize banks and pressure them into closing the accounts of businesses engaged in crypto. This not only hindered the growth of crypto in the States but also drove away new-age businesses to other crypto-friendly countries. Just hours after this announcement, the US Office of the Comptroller of the Currency (OCC) issued a document confirming that financial institutions would not require any ‘supervisory nonobjection’ to deal in crypto. This will reduce the burden on banks and help combat Operation Choke Point 2.0. Launch of a Bitcoin Reserve Another major announcement was the launch of a stable Bitcoin reserve, which will be formed out of Bitcoins already held by the US government. The reserve, being called the ‘digital Fort Knox for digital gold,’ will contain Bitcoins that were forfeited during criminal or civil cases and will not involve any fresh buying. The fact that this reserve doesn’t hint at any new crypto purchases was probably why $BTC prices did not react much to the news and stayed flat. However, a long-term federal confidence in the digital asset is undoubtedly a huge boost to the entire crypto market. From this day on, America will follow the rule that every Bitcoiner knows very well: never sell your Bitcoin – Donald Trump Plans to Create a US Crypto Stockpile Trump also showed intentions of the US government wanting to build a long-term US crypto portfolio consisting of not only Bitcoin but also other digital assets, such as Solana, XRP, Cardano, and Ethereum. A good thing is that none of these reserves would dig into taxpayer money – only seized digital assets would make up the entirety of the fund. It’s also worth noting that Trump has been quite vocal about his support for crypto ever since his campaigning days. During the summit, too, he promised more crypto-friendly legislative support, which would aim to establish a strong regulatory framework for the industry. With increasing legislative support, more crypto businesses are expected to join the US economy. All in all, the upcoming four years could be a golden period for crypto investors. If you’re looking to cash in big, here are some of the best altcoins to invest in right now. 1. BTC Bull Token ($BTCBULL) – Best Altcoin to Buy for Rallying Behind Bitcoin’s Growth Trump’s latest announcement of a strategic Bitcoin reserve, followed by the digital gold’s inclusion in a US Crypto Reserve last week, is another major push for Bitcoin. Combined with the fact that $BTC is taking support at the 200 EMA, the upcoming months could see the OG crypto reach for new highs and turn a lot of portfolios green. What if we tell you there’s a better, more profitable way to invest in Bitcoin’s growth? Enter BTC Bull Token ($BTCBULL). $BTCBULL is a meme coin that will directly benefit from Bitcoin’s historic run to $1M. That’s because it’s the ONLY crypto on the market that plans to give out free $BTC to token holders. These $BTC airdrops will occur every time Bitcoin reaches a new landmark number, such as $150K, $200K, and $250K. All you have to do is buy and HODL $BTCBULL tokens in Best Wallet. Launched in mid-February, the BTC Bull Token presale has made a prolific start. It has already amassed over $3.3M so far, offering each token for just $0.0024. But interested investors should hurry up because prices increase in just a couple of days. 2. Solaxy ($SOLX) – Solana Altcoin Solving Network Scalability Issues Although Solana saw an impressive upmove of nearly 25% right after the announcement of Trump’s US Crypto Reserve, the futuristic crypto is back again in the red for this week. It fell 36% in February, too. What’s the issue with Solana, you ask? Overcrowding. Ever since the successful launch of $TRUMP and Pump.fun, Solana has been battling with scalability issues. Transactions are either taking ages or failing to go through. Seeing as Solaxy ($SOLX) will build the first-ever Layer 2 solution on Solana, it’s no wonder why experts are predicting it to be the next crypto to explode. By executing transactions on a sidechain, Solaxy will reduce the burden on Solana’s mainnet. Additionally, it will process transactions in bulk (rather than one by one), meaning users will also be able to benefit from lower fees. Also, let’s not forget that Solaxy is one of the five cryptos to have been included in Trump’s US Crypto Reserve. The good news keeps coming, as $SOLX has also shown great investor interest during its ongoing presale. With over $25.4M in its presale kitty at the time of writing, Solaxy is easily among the best crypto presales in the last few years. 1 $SOLX is currently available for only $0.001656 – here’s how to buy it. 3. Cardano ($ADA) – One of the Top 5 Cryptos in the World Right Now Cardano’s call-up to the Crypto Reserve saw it rise by over 60% in less than 24 hours. Also, unlike $BTC and $ETH that are struggling to break higher, $ADA now looks poised for massive growth. In fact, our analysis suggests that it could reach as high as $3.10 in 2025. Check out our full Cardano 2025 price prediction for more details. Cardano is a decentralized proof-of-stake (PoS) blockchain that’s not only more energy efficient but also more scalable than Bitcoin thanks to its use of a peer-reviewed tactic for developing the network. Currently trading at around $0.80, $ADA is undoubtedly one of the best cheap cryptos you can consider buying. Debut White House Crypto Summit: Small but Significant Moves Although the historic crypto summit didn’t announce anything out of the ordinary, which is also why the markets didn’t react much to it, the confirmed abolishment of regulatory struggles and the US government wanting to become a crypto superpower could very well be the foundations of an upcoming rally. With that said, the current market situation demands extra caution. Buying the dip is a notoriously difficult task, after all. We suggest only investing an amount that won’t give you sleepless nights, as well as doing your own research and due diligence. Also, kindly be informed that the above article isn’t financial advice.
Binance co-founder Changpeng Zhao has suggested that the highly anticipated Altseason isn’t here yet as most altcoins continue bleeding, while some market watchers consider the worst might be over soon. Related Reading: ‘All Options On The Table’: Bitcoin Must Hold This Level Ahead Of Trump’s Crypto Summit CZ Says There’s No Altseason Yet On Friday, Changpeng Zhao, also known as CZ, responded to an X user asking when the Altseason will happen. The Binance founder pointed out the price tracking and market data website CoinMarketCap (CMC), which recently added an “Altcoin Season Index.” CZ highlighted that “of the top 100 altcoins,” very few have outperformed Bitcoin (BTC) in the past three months, suggesting that the Altseason won’t happen yet. As the website states, the CMC Altcoin Season Index page “provides real-time insights into whether the cryptocurrency market is currently in Altcoin Season,” based on the performance of the top 100 altcoins against the flagship crypto over the past 90 days. Under this metric, an Altseason is in if 75% of the top 100 altcoins outperform BTC during the established period. To CZ, “This is a tough ranking system,” as he considers that 50 would be a good score for Altcoins. The CMC index page shows a score of 14/100, with only 14 altcoins outperforming BTC since early December. Some of the tokens in this list include Monero (XRM), Hyperliquid (HYPE), Pi (PI), Mantra (OM), Berachain (BERA), and the official Trump memecoin (TRUMP). Leading cryptocurrencies of 2024, like SUI and Solana (SOL), show 37% to 41% price decreases in the past 90 days. Meanwhile, memecoin sensations like dogwifhat (WIF), PEPE, FLOKI, and BONK have bled between 70% and 80% during this period. Analyst Michaël van de Poppe also noted that altcoins have had an overall negative performance on higher timeframes despite some recent price rallies. “Massive green day on some Altcoins, they are up 2%! Then, you zoom out, and you zoom out, and you zoom out,” he asserted. Altcoins Bottom Could Be Near Altcoin Sherpa stated that altcoins were in “about the same or worse” positions during the Summer 2024 retrace, pointing out that “things were also pretty bleak overall and then we saw some strong bounces in August.” However, he noted that, unlike last year, the market doesn’t have a “Trump Pump coming.” Recently, some of the top cryptocurrencies saw a significant price increase after US President Donald Trump announced a strategic reserve that would include SOL, XRP, Cardano (ADA), Ethereum (ETH), and BTC. Nonetheless, after the March 6 executive order establishing a Strategic Bitcoin Reserve and a “Digital Asset Stockpile,” the White House AI and Crypto Czar, David Sacks, clarified that the previously named altcoins were used as references for the most valuable tokens in the market. Sherpa considers that the market’s bottom is close, but “we still also probably have the chop period to get through” before any substantial recovery. On the contrary, some industry figures have also commented on altcoins’ overall performance this cycle, suggesting that the Altseason already started but will be different from previous cycles. Related Reading: Stellar (XLM) Price Setting Up For Rally To $1.60 – Here Are The Levels To Watch Recently, CryptoQuant’s founder and CEO, Ki Young Ju, stated that the Altseason had begun. He affirmed there will not be a direct Bitcoin-to-altcoins rotation this cycle, as BTC dominance isn’t the key metric that defines it. To the CEO, trading volume is the metric that defines it this time. Ju also pointed out that this will be a very selective and challenging altseason, with only a few altcoins with strong narratives expected to thrive. Featured Image from Unsplash.com, Chart from TradingView.com
The hunt for altcoins with high promise continues as investors plan for 2025. As the market hints at a coming upward trend, this is the moment to spot cheap cryptos that may yield large gains. One promising project is FXGuys, named the best PropFi project, as it gives traders and…
Elizabeth Warren Asks Trump’s Crypto Czar For Public Disclosure Over Potential Conflicts Of Interest
US Senator Elizabeth Warren has raised concerns about David Sacks’ role as the “White House AI & Crypto Czar” and potential conflicts of interest. In a letter, the industry critic requested immediate clarifications on various issues, including the timeline of Sack’s divestment of his digital asset holdings. Related Reading: Hong Kong Crypto Scam: Chief Executive […]