---
title: What's Driving Token Prices? (Jan 19, 2022)
description: Join Arca's Director of Research, Katie Talati, to learn about what is driving token prices in the digital asset ecosystem this week (1/19/2022).
image: https://www.ar.ca/hubfs/WDTP%20Thumbnail.jpg
---

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# What's Driving Token Prices? (Jan 19, 2022)

[![Katie Talati](https://www.ar.ca/hubfs/Katie%20Talati.png)](https://www.ar.ca/blog/author/katie-talati)

 Written by [Katie Talati](https://www.ar.ca/blog/author/katie-talati)

 Jan 19, 2022

**Join Katie Talati, Arca’s Head of Research, weekly on Wednesday at 4PM EST / 1PM PST as she shares notable token activity over the past week and her insights on what market events drove these token price movements.**

Watch Our Founders Video

 

- **HNT (-13%)** - Helium, a blockchain built for wireless networking, is partnering with the City of Miami to facilitate individuals and organizations to own and monetize their data. DataGovs allows citizens and organizations to own their data while digitizing physical operations on the cloud and has built a protocol called “Govs” to extend this to blockchains, starting with Helium. With a focus on climate change, sustainability, and mobility in cities, DataGovs can use Helium to connect sensors for customers that need real-world monitoring of water, air quality, assets, and more. 
- **NEAR (-4%)** - NEAR, a layer 1 blockchain-focused on scaling through sharding and seamlessly bridging to other L1s such as Ethereum, Polkadot, and Cosmos. The NEAR Foundation closed a $150 million funding round as it looks to become the hub of an open Web3. Three-Arrows Capital led the token sale with participation from Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda Ventures, Circle Ventures, and others.
- **FTT (+11%)** - FTT, the native token for the crypto exchange FTX, moved up in the last week on the back of some positive news. The firm first announced a new $2 billion VC fund initiative that will be led by Amy Wu, formerly of Lightspeed Venture Partners. Today, FTX.US Derivatives (previously LegerX) announced their slate of Board of Directors and the Chairman. This could indicate that derivatives will be coming to U.S. markets on FTX soon.
- **DG (+16%)** - Decentral Games, a DAO-governed casino based in the Decentraland metaverse, released an ICE Poker Delegation Dashboard which allows anyone to delegate their ICE Poker NFTs (which users need to play poker). Essentially, DG builds guild management services directly into the game, which keeps all assets and money in their ecosystem. They also announced that they have bought DG back from the market using proceeds from their recent ICE Poker mints ($100k worth).

*DISCLAIMER: This commentary is not intended to be investment advice, investment research, or a recommendation. Please consult your investment professional for your own circumstances."*

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Disclaimer: This commentary is provided as general information only and is in no way intended as investment advice, investment research, legal advice, tax advice, a research report, or a recommendation. Any decision to invest or take any other action with respect to any investments discussed in this commentary may involve risks not discussed, and therefore, such decisions should not be based solely on the information contained in this document. Please consult your own financial/legal/tax professional.

Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed are those of the author, and are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Arca disclaims any obligation to update or revise any statements or views expressed herein. Past performance is not a guarantee of future results and there can be no assurance that any future results will be realized. Some or all of the information provided herein may be or be based on statements of opinion. In addition, certain information provided herein may be based on third-party sources, which is believed to be accurate, but has not been independently verified. Arca and/or certain of its affiliates and/or clients may now, or in the future, hold a financial interest in investments that are the same as or substantially similar to the investments discussed in this commentary. No claims are made as to the profitability of such financial interests, now, in the past or in the future and Arca and/or its clients may sell such financial interests at any time. The information provided herein is not intended to be, nor should it be construed as an offer to sell or a solicitation of any offer to buy any securities, or a solicitation to provide investment advisory services.

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