Winter is coming, but all may not be dark for the cryptocurrency world in the coming months. Industry expertise is starting to call the current global market cap of circa $200m as the bottom. The bear market since early February might have drained the swamp of sellers.

Mike Novogratz, founder and CEO of crypto investment firm Galaxy Digital Capital Management, said that cryptocurrency prices have hit a bottom in a tweet today, September 13. Novogratz also pointed out that the Bloomberg Galaxy Crypto Index (BGCI), which is designed to measure the performance of the largest cryptocurrencies traded in U.S. dollars, “retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble.”

3 Coins to Hold for the Winter

Bitcoin

Early September has seen BTC drop from the mid $7000 range to the low $6000 range. Goldman announced a delay in the rollout of their proposed cryptocurrency trading desk at the start of September. This news followed on the heels of the SEC rejecting Bitcoin ETF applications. Bitcoin has been consistently hit by negative sentiment in the past 2 months yet this has not been enough to push it beneath the $5800 resistance mark. It increasingly looks like this may be the bottom.

Entry Point – $6100 could make for a nice Christmas bonus!

Litecoin

Charles Lee’s project is trading far below it’s ATH at in and around $50. LTC has dropped and bounced off the $47 dollar mark in recent weeks and technical analysis suggests this is the bottom for Litecoin. The project’s fundamentals continue to impress. From an ownership stake in a German bank to last week’s announcement of the LTC enabled CoolBitX hardware wallet roll out in the USA.

Entry Point – $50 buy orders are acceptable, the closer to that $47 mark you can get it at, the better!

TRON

TRON’s ubiquity is growing, Kanye West and the Pope have some! Recently, TRX got a new trading pair on Bittrex, now being available for trading in exchange for US dollars. The TRON virtual machine has launched. This opens the platform up for dAPP development. It will be very interesting to observe developments in this space over the coming months. TRON has exceptional fundamentals and has become one of the most searched crypto projects on google. With it’s technical capabilities outstripping that of Ethereum we could see the gap in market cap between the projects close in the coming months.

Entry Point – Anything below the $0.02 mark is close to the bottom. This could represent a good investment for the coming months.

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