s0Top Cryptocurrencies to Watch This Week: MANTA, SHIB, FTT

Manta Network (MANTA), Shiba Inu (SHIB), and FTX Token (FTT) are among the top cryptocurrencies to command considerable attention this week.

Manta is currently trading at $3.54.

Shiba Inu, $0.0000091342

FTT, $2.80

Manta Network launched its native token MANTA last week, with a total supply of 1 billion tokens and a 2% annual inflation rate. The token has been positioned for purposes bordering on fees, staking and liquidity.

MANTA opened trading on Jan. 18 with a $0.05 price. It continued to appreciate in value. The asset eventually rallied by a massive 6,559% to a new all-time high of $3.33 that day. Despite a correction that ensued following the $3.33 high, MANTA retained most of its gains, closing Jan. 18 with a 4,240% rise.

The days that followed were marked by drops and upswings, but the token maintained a general uptrend. MANTA sustained this uptrend into this week despite recording a massive 8.89% decline on Jan. 22, its largest intraday drop.

The asset recovered these losses, securing a new all-time high on Jan. 28, as it rallied to $3.89 amid another batch of consistent daily gains. MANTA has secured eight intraday gains in 11 days, as it looks to rally its way into the limelight. The token surged 34% this past week.

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hiba Inu guns for $0.00001

Shiba Inu’s recent price movements were a direct reflection of the condition of the broader market. Notably, Bitcoin (BTC) experienced a massive collapse on Jan. 22, slumping below the pivotal $40,000 level for the first time this year. 

As the firstborn crypto asset dropped, the rest of the market followed. The global crypto market cap dropped below $1.6 trillion, as most cryptocurrencies recorded substantial dips. Shiba Inu was not spared in the onslaught. It relinquished the $0.000009 level, closing Jan. 22 at $0.00000893. 

being relegated to the background following the FTX collapse.