Bitcoin

It is almost impossible to look past Bitcoin for the next couple of weeks. The SegWit2X fork planned for mid-November has resulted in a continued focus on Bitcoin with investors pouring money into the Satoshi Nakamoto creation. On Thursday it broke the $7000 barrier and flirted with a number of all time high prices before reaching a record price of over $7600.

Despite recording these impressive figures there is no telling exactly where Bitcoin will stop. The past week saw BTC record a price increase of over 25% whilst also maintaining a market cap of around $124B and a market dominance of 62%. These numbers are also sure to attract media attention and as a result, draw in increased numbers of first time investors. On Thursday, Coinbase experienced over 100,000 new signups in just one day while the CME group, the world's largest futures exchange, announced plans to launch Bitcoin futures by the end of the year.

This all adds up to make Bitcoin the number one coin to watch for the next seven days, having broken $7000 dollars there are few natural psychological barriers left until the magical $10,000 mark.

Power Ledger

For investors seeking a Bitcoin alternative, Power Ledger (POWR) represents a viable option. Power Ledger is a blockchain based energy marketplace that seeks to empower communities to create and develop power systems that are resilient, low-cost, zero-carbon and community owned. The Australian based project aims to facilitate peer to peer trading through an automated and trustless reconciliation and settlement system.

Power Ledger also plans to develop clean energy communities that thrive on lost cost energy, transparency, and high tech infrastructures. The crowdsale ended recently and despite breaking into the market during a bearish period for altcoins, the POWR token has so far, recorded impressive figures.

POWR debuted on Wednesday, November 1 at a price of $0.05 and spiked on Friday at a price of $0.16. Despite also experiencing a retracement in price on Friday, POWR has continued to put in an impressive early performance and has climbed steadily from around $0.09 on Thursday to its current price of around $0.15.

POWR has also shown a good level of community engagement and recorded impressive 24-hour trade volumes. Over the course of the last four days, the token has averaged 24-hour trade volumes in the region of around $3M to $6M.

In addition to this, the recent news that Power Ledger co-founder Dr Jemma Green has been appointed the Deputy Lord Mayor of Perth and persistent rumors that the POWR token will be listed on Bittrex should keep investors bullish on the project in the short term. Power Ledger is well placed to continue to rise during a tricky period for altcoins.