The crypto market faces another test after a slight correction, even following the Trump crypto summit on March 7. However, optimism remains as US banks gain regulatory approval for cryptocurrency services. This approval could stabilize the market and fuel potential recovery. Amid these developments, four crypto tokens stand out as strategic assets to hold for possible gains.
Crypto Tokens to Hold as US Banks Gain Approval for Crypto
The Office of the Comptroller of the Currency (OCC) has allowed U.S. banks to provide cryptocurrency services under strict regulations. This includes asset custody, stablecoin transactions, and blockchain participation. This move integrates digital assets into traditional banking. Among the crypto to watch are XRP, PI, SOL, and SUI.
Ripple (XRP)
Ripple price has been moving sideways, mirroring the broader crypto market trend. Despite market corrections, XRP remains up 10%, positioning it as a crypto token to hold. Currently, XRP trades at $2.31 after an 8% decline.
Crypto analyst Ali noted that XRP is consolidating in a symmetrical triangle. A breakout could trigger a 23% price surge, adding momentum to the market as U.S. banks gain regulatory approval for cryptocurrency services.
Solana (SOL)
Solana price remains above the $120 support level despite a prolonged sideways trend. The cryptocurrency is struggling to recover, but it is still up over the past year. At the time of writing, SOL is trading at $137.87, reflecting a 3.55% increase in the last 24 hours.
A crypto analyst highlighted that Solana remains in consolidation within a right-angled ascending broadening pattern. This formation suggests a possible major price movement ahead. With speculation around a SOL ETF, Solana remains a crypto to watch.
Pi Network (PI)
Pi Network (PI) has gained attention following its mainnet launch, yet its Binance listing remains uncertain despite strong community support.**
Binance has introduced a new “Vote to List” and “Vote to Delist” system, allowing users to influence which cryptocurrencies get listed or removed.
However, despite widespread support, Pi Network price has yet to secure a confirmed listing on Binance.
Pi Network (PI) is currently trading at $1.79, experiencing a minor market correction. Binance has not moved forward with listing the token, given its popularity among voters. Meanwhile, regulatory developments in the U.S. have allowed banks to engage with cryptocurrency services, potentially affecting market trends.
The token remains among the crypto tokens to hold, as market participants anticipate potential exchange listings that could influence its future value.
Sui (SUI)
Sui (SUI) remains in a downtrend, forming lower highs and lower lows despite recent market movements. A price retest occurred before declining further. The cryptocurrency is down 4%, trading at $2.98. However, SUI has gained 50% over the past year, making it a crypto to watch.
Analysts observe potential recovery signs as the broader crypto market strengthens. Meanwhile, U.S. banks gaining regulatory approval for cryptocurrency services adds momentum to the sector, influencing investor sentiment toward digital assets.
Final Thoughts
As the crypto market eyes recovery, regulatory approvals for banks could create new opportunities. Investors seeking growth may consider the above crypto tokens to hold with market potential.
Frequently Asked Questions (FAQs)
US banks can now offer crypto custody, stablecoin transactions, and blockchain services.
Regulatory approval may boost institutional adoption, increasing market stability and growth.
Pi Network’s listing remains uncertain despite strong community support and voting.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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