Bitcoin (BTC)

Bitcoin remains the most influential cryptocurrency and has moved to a market dominance of 41.6%. As the market is going through a prolonged period of uncertainty, the more established coins are the most sensible options at this time. The most pessimistic of technical analysts have generally agreed that the price of BTC will reach the bottom somewhere within the range of $5000 to $5500.

BTC is currently trading at a price of approximately $5,800 and it may prove to be one of the more resilient coins on the market over the next week. Even if it continues to experience some negative price action, the drop in value may represent attractive entry points for anyone aiming to open a position in BTC or add to their current holdings.

DigixGold (DGX)

With the high levels of uncertainty and low levels of trading volume, a significant number of traders may prefer to sit outside the market while a definite pattern begins to emerge. As a result, hedge options are becoming more attractive and the DGX token is a viable alternative to the various stablecoins currently in operation.

The Digix team created their two token system in 2016, and Digix Gold (DGX) and DigixDAO (DGD) work in tandem to provide cryptocurrency investors with hedging options in periods of extreme volatility. The DGX token works on the idea of digitizing physical gold in order to provide a transparent currency pegged to the price of gold and each DGX token is backed by the purchase of a physical unit of gold. This works to stabilize the price of the DGX token in relation to other coins on the market, and DGX has been a consistent performer over the last few weeks. In addition, the DGD token fluctuates in value and dispenses quarterly rewards to its holders based on the total amount of fees collected from DGX transactions.

NEO

NEO is one of the more established projects on the market and underwent a rebranding exercise in 2017. It’s often described as the Ethereum of China as NEO operates in a similar manner and allows smart contracts to be delivered via its blockchain.

The NEO platform has played host to a whole number of ICOs and airdrops, and projects such as Qlink, TheKey, Ontology, and Phantasma have all chosen to build their frameworks on NEO. There is a growing number of projects lined up to conduct their ICOs on the NEO platform and as these projects accept NEO as a method of contribution, this should help lead to a natural resurgence in price. In addition, NEO holders are rewarded with regular payments of the GAS currency. This makes NEO a sensible hold, and the current downturn sees NEO trading at around $30, which was last experienced in late November/early December. As a result, the current price represents a good opportunity to grow holdings of NEO.