As the crypto market faces a sharp downturn, investors are eyeing the best crypto coins to buy during the dip and hold for long-term profits. Historically, market dips have presented lucrative buying opportunities, especially with speculation that President Trump could push for zero capital gains tax on cryptocurrencies. If implemented, this policy could trigger a strong rally. In this article, we explore the top four crypto coins you can buy during this dip and hold for the long term.
Best Crypto Coins to Hold Amid Trump’s Zero Capital Tax Gain Rumor
Speculation is rife that the Trump administration is considering implementing a zero capital gains tax policy on cryptocurrencies. According to analyst Mike Alfred, this tax change will be announced on Friday during the first White House Crypto Summit.
If this tax policy passes, it would bring more US investors into the crypto space. This would stir gains for many crypto coins. The speculation around this development is a bullish catalyst, making now the right time to pick the following four altcoins and hold them for the long term.
Ripple (XRP)
Ripple (XRP) has some strong fundamentals that make it one of the best crypto coins to hold. President Trump has announced that XRP will be included in the US crypto strategic reserve. Ripple CEO Brad Garlinghouse has also said that he will be in the White House on Friday where he will “continue to champion” for Ripple.
Attorney Jeremy Hogan also anticipates that the SEC vs. Ripple case will end between April and May, which may be another catalyst for growth.
Technically, XRP seems ready for a bullish reversal due to the green AO histogram bars. It has bounced off a key support level of $2.14 and continued to trade above the 200-day EMA. A successful retest of the $2.83 resistance level could pave the way for a move toward $3.40.
Solana (SOL)
Solana is also one of the top crypto coins to hold due to strong fundamentals and a strong technical outlook. Solana is the second-largest blockchain after Ethereum by DeFi TVL. The US government will also start buying SOL if Congress approves Trump’s plans for a crypto reserve.
SOL price is also forming a potential double-bottom pattern around the $132 support level. If buyers regain control and Solana price flips resistance at the neckline of $179, it will confirm a bullish Solana price forecast and spark a rally towards $300.
Dogecoin (DOGE)
Dogecoin price has re-entered the demand zone suggesting a possible reversal. The RSI is near oversold levels indicating seller exhaustion. If demand strengthens, DOGE price could bounce toward $0.33.
DOGE also has strong fundamentals that make it one of the top crypto coins to hold. Cardano founder Charles Hoksinson has teased Elon Musk about integrating the meme coin on X for payments. This may be a catalyst for price growth.
Pi Network
Pi Network token has been performing well in contrast to the broader market. For instance, despite the recent downturn, the token has surged by 4% and outpaced Hedera by market cap.
A tax relief for crypto investors in the US could also bode well for Pi Coin as it is already receiving adoption. Recently, Florida-based Zito Realty accepted Pi Coin as a means of payment. There is also speculation that Pi Coin could be listed on the Binance exchange, which could spark massive gains.
Final Thoughts on the Best Crypto Coins to Hold
As speculation around Trump’s rumored tax relief for crypto investors grows, XRP, SOL, DOGE, and Pi Network are the best crypto coins to hold for long-term profits. These altcoins have strong fundamentals and a bullish technical outlook.
The post Top 4 Crypto Coins to Hold For Long-Term Profit Amid Trump Zero Tax Gains Rumor appeared first on CoinGape.