Cryptocurrencies To Watch: Week of Jan. 30

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Is the crypto market finally pulling out of its slump? Bullish investors say yes as Bitcoin inches closer to $24,000.While the market shows some signs of a bull run, it is important to remember that it's still volatile. A few tokens stand out as noteworthy in the latest week amid the strengthening market.

This week, we examine Threshold Network (T), Fantom (FTM), Avalanche (AVAX), Gala (GALA), and Polygon (MATIC). In selecting these assets, we've considered factors including positive technical developments, significant news events, and noticeable changes in price.

The Threshold Network (T) was the most notable gainer this week, with the token increasing by 80%.The increase came after Coinbase said it would list the T token and that trading started Jan. 26.The project is also expected to launch the minting feature for tBTC soon.

Threshold Network is a decentralized finance, or DeFi, service that offers such features as staking and liquidity provision. It allows users to deposit and redeem their Bitcoin in DeFi without a third party. T started last week at 0.023 cent and is now valued at around 0.044 cent (see chart below).

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Fantom's FTM coin increased 27% after it announced the Jan. 19 launch of the Ecosystem Vault on its network.The vault is a fund that operates on-chain, taking 10% of the transaction fees for funding projects, ideas, and creations. The Fantom community controls how the funds are used. 

Also last week, the Hector Network launched on Fantom its non-fungible token (NFT) marketplace.This Fantom-focused project released the Atlantica Market on Jan. 23 in what is another major step forward for the network. FTM was trading around 38 cents at the start of the last week and is now hovering at around