Bitcoin

It’s necessary to start with the most logical choice, and as expected Bitcoin has seen a steady rise in trade volume with investors looking to benefit from the proposed Bitcoin Gold fork taking place on October 25.

With investors hoping to bag some free Bitcoin Gold, the increase in volume saw Bitcoin break the $6000 barrier on Friday and the uptrend is expected to continue well into next week. Bitcoin is currently experiencing over $2 billion in 24-hour trade volume and is completely dominating the market with the best coins doing well to simply maintain their position. Depending on your own strategy, regarding the fork you may or may not decide to move into Bitcoin, regardless of your choice Bitcoin is clearly the most dominant currency of the week. That being said, there is value to be found in other areas of the market and there are a number of altcoins to keep an eye on as the week progresses.

OmiseGO

OmiseGO (OMG) is a token-based digital currency backed by the Plasma decentralized exchange and a digital wallet provided by Omise. It’s designed to facilitate payments for goods and services on the web to and to enable the cross-border transfer of assets.

Omise has been a consistent performer and has had many investors waiting for a suitable entry point. OMG started the week at around $8.22 and has seen a steady decline over the last few days to a price just above $7.21. Look for the trend to continue and for OMG to operate around the $6 mark until October 25.

OmiseGO has the potential to rebound quickly as it is a popular project with both Western and Asian investors as the OMG token has recorded returns of over 2000% since its recent ICO. OMG was trading at a price of around $9 at the beginning of October and savvy investors will be looking to make a move sometime in the next few days, making OMG a coin to watch this week.

NEO

NEO is a Chinese cryptocurrency that was originally known as AntShares before undergoing a rebranding exercise in 2017 and emerging as NEO. It has often been described as the Ethereum of China because NEO operates in a similar manner, allowing smart contracts to be delivered via its blockchain.

Neo is also coin to look out for and recently experienced a surge in trade volume around the time of the Red Pulse ICO. Neo is yet another popular currency and its fortunes are also linked to the ongoing Chinese Party Congress, which started on October 18. The Congress will take place over a number of weeks; however, any news related to a relaxing of state regulations will have a positive effect on the price of Neo.

The day after the Bitcoin Gold fork the Neo team will also be present at the Inaugural Global Fintech Blockchain China Summit in Shanghai with the markets poised for any new developments. Since reaching the price of $31.67 on October 17, Neo has slumped back to around $27. With Bitcoin holders guaranteed to receive the new fork of Bitcoin on October 25 Neo could see a resurgence in demand new the end of the week.