Top Cryptocurrencies to Watch This Week: FTX Token, Pi Network, Tapswap
Crypto prices stabilized despite economic uncertainty, with FTX Token, Pi Network, and Tapswap gaining attention. Investors anticipate the Federal Reserve minutes for further insights.
By Tylt Editorial Team
Bitcoin remained below $100,000, while some altcoins surged.
FTX Token, Pi Network, and Tapswap are key cryptos to watch this week.
The Federal Reserve minutes on Wednesday could impact market trends.
The cryptocurrency market remained stable last week despite rising geopolitical tensions and strong U.S. inflation data. Bitcoin continued trading below the $100,000 mark, while altcoins such as Mantra and PancakeSwap saw notable gains. Investors are closely watching the Federal Reserve’s upcoming minutes, which are expected to provide key insights into future monetary policy decisions.
Among the top cryptocurrencies to monitor this week are FTX Token (FTT), Pi Network, and Tapswap. FTT, the native token of the now-defunct FTX exchange, remains a hot topic within the crypto community. Despite FTX’s collapse in 2022 due to financial mismanagement and fraud by its founders, the token has continued to garner interest. Crypto analysts and traders on X.com, including CryptoBull with 32,000 followers, have urged investors to keep an eye on FTT’s trajectory.
FTT was initially designed as a utility token offering trading fee discounts, staking opportunities, and collateral for derivatives trading. However, the token’s value crashed following FTX’s bankruptcy, dropping from around $25 to nearly zero. The downfall was exacerbated by revelations of misused customer funds, which led to founder Sam Bankman-Fried’s conviction and 25-year prison sentence. Despite this, the crypto market remains intrigued by FTT’s potential revival.
Pi Network and Tapswap are also gaining traction. Pi Network, a mobile-mining crypto project, has generated significant community interest despite concerns over its legitimacy and delayed mainnet launch. Meanwhile, Tapswap, a play-to-earn token, has seen a surge in adoption as users seek innovative ways to earn rewards through gaming.
Investors and traders are now focusing on the Federal Reserve minutes set to be released on Wednesday. These will provide crucial information on the Fed’s economic outlook and potential interest rate changes. Any signals of a more hawkish stance could impact crypto prices, influencing market sentiment for the coming weeks.
With FTX Token, Pi Network, and Tapswap drawing attention, the crypto market remains dynamic as investors navigate economic uncertainty and regulatory shifts.
