Jon Nielsen, Publisher at CoinCodex

Founded in 2015, Cindicator (CND) uses the wisdom of crowds to improve decision making related to both cryptocurrency and more traditional investing. Users answer questions posed by the team on their platform and mobile app and make their own predictions regarding the financial and cryptocurrency markets. We predict that Cindicator is the coin to keep an eye on next week.

The next few days are set to be dominated by NEO after the publication of an impending announcement started to go viral. The publication has led to some furious price action over the last 36 hours, with the price of NEO rocketing from $29 all the way to $47.63, an increase of over 60%.

For many of us in the cryptocurrency space the future of cryptocurrencies seems secure with the main question being when rather than if mainstream adoption will occur. Currencies such as Bitcoin, Ethereum, and Dash have grown exponentially and are now worth amounts that were difficult to imagine at their inception. With Bitcoin recently setting a number of all-time highs, it’s time to look back at the factors that led to the emergence of cryptocurrencies.

Last week saw the beginning of a battle for Bitcoin supremacy that will continue over the next seven days. While it was expected that BTC would be going head to head with a B2X coin this week, the cancellation of the SegWit2x fork ended one conflict while possibly reigniting another one. Since the news broke, BCH has recorded huge increases across the board

On November 6, bug exploitation in a contract that serves a library function for the multi-signature hardware cryptocurrency wallets made by Parity, caused the library contract to terminate. This has effectively tied up an estimated sum of over 500,000 Ether, which is currently worth over $150 million. These funds are currently frozen and most observers are still unsure on how these funds can be returned to their holders.

It has come to our attention that there has been a recent surge in the number of high risk-high, yield projects on the market. As we recently explained with our analysis of Bitconnect, it is difficult to have faith in projects that promise extremely high returns whilst having a business model that appears to be completely unsustainable.

Status (SNT) is designed as a mobile browser that makes it easy for users to access the Ethereum network and a range of decentralized apps. Status was launched following an ICO in June 2017 and managed to raise over $100 million in just hours. The Status mobile browser is one of the most highly anticipated projects of the year with many in the community awaiting a product that will allow users to interface effectively with the Ethereum network.

Coins to watch for the coming week: it is almost impossible to look past Bitcoin for the next couple of weeks. For investors seeking a Bitcoin alternative, Power Ledger represents a viable option. 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. For investors seeking a Bitcoin alternative, Power Ledger (POWR) represents a viable option.

Bitconnect is one of the more controversial projects within the cryptocurrency ecosystem and despite briefly breaking into the CoinCodex top ten it continues to divide opinion.

Crypto coin to watch for the coming week: Red Pulse Token (RPX) and KuCoin Shares (KCS).