3 High-Growth Cryptocurrencies That Could Soar

Learn why these 3 potential cryptocurrencies would soar higher in the coming years, making them a good buy now.

Last Updated October 21st 2021

8 Min Read

Cryptocurrencies are gaining high popularity as a potential long-term investment option among investors worldwide. Today the market is filled with digital currencies with advanced blockchain technologies and unique market positions. Unfortunately, this makes it highly difficult for investors to choose the asset that suits their requirements. Therefore, we have compiled a list of the 3 high-growth cryptocurrencies that could soar tremendously in the coming years.

Their significant rally and high community support have positioned them as the best must-buy cryptocurrencies to double your money in the long run. Let us explore a bit more.

Key Points

Elon Musk's tweets have sent Shiba Inu soaring higher over the past few months.
Analysts predict that if Dogecoin continues to keep its momentum, the token could rally even higher by the end of the year.
The Cardano network is one of the most effective and advanced cryptocurrencies this year in terms of technology development.

High-Growth Cryptocurrencies To Consider:

1. Shiba Inu (SHIB)

Shiba has skyrocketed by more than 250% over the past few months, making SHIB is a good buy now for future returns.

Building off the popularity of Elon Musk’s favourite Dogecoin, The Shiba Inu Coin (SHIB), has again surprised the cryptocurrency market with its whopping surge in price over the past few months. Although launched as a joke, inspired by the infamous Dogecoin, SHIB is an experiment in decentralized spontaneous community building. It is an ERC-20 token that is compatible with the Ethereum network.

SHIB started grabbing investors’ attention when its creators said that the project is working on making an NFT network based on the Shiba Inu network.

Why did the SHIB Price Skyrocket?

There are several other reasons why SHIB is one of the top high-growth cryptocurrencies that could soar higher in the coming years. The major reason for the recent pump in the price of SHIB is a tweet from Tesla CEO Elon Musk.

Musk tweeted a picture of his new pet dog, a Shiba Inu breed named Floki. Further, he tweeted yet another image of the pup with a caption, ‘Floki Frunkpuppy’, that pushed SHIB’s value into a record high. As a result of this, the hashtag #SHIB began to trend on social media, garnering the attention of several investors.

Musk, for a long time, has been an advocate for Dogecoin. Thanks to Floki, who is now an internet favourite, he has become the leading voice for SHIB price changes. Moreover, the price of SHIB soared to new levels in September, surging 35%, after the token was added to the Coinbase app.

However, thanks to a solid team and a strong dedicated community, the SHIB token has everything needed to explode in the coming years. The project is also working to enhance the Shiba Inu ecosystem, which includes the three tokens, SHIB, LEASH, and BONE, and the Shibaswap exchange. It aims to be the best decentralized ecosystem enriched by its own DeX. Moreover, the reduction of its total supply will also push SHIB to rise higher, making it one of the top high-growth cryptocurrencies.

Expert Comment

Coin Price Forecast:

“According to our prediction, Shiba will be $0.00005361 by the end of 2021 and $0.00006452 by the middle of next year.”

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Dogecoin (DOGE)

The upcoming fee reduction and Dogecoin-Ethereum bridge will push the value of DOGE to soar higher.

The primary idea behind creating the meme coin was to make a more approachable and friendly cryptocurrency. DOGE decided to be a different type of digital currency that provided a fun side to its usage. But with time and several celebrity endorsements, Dogecoin became more than just a joke and positioned itself as a potential cryptocurrency investment for investors across the globe.

Elon Musk has always been a strong supporter of Dogecoin and has explicitly endorsed it in the past. A unique combination of factors, including the billionaire’s ardent support for the coin and overwhelming support from Robinhood dealers, has pushed Dogecoin into the mainstream, increasing its popularity.

The Significance Of The Dogecoin Community

One key reason why DOGE is one of the top high-growth cryptocurrencies is the highly active large community behind the token. The coin has fans across social media networks such as Reddit, WallStreetbets, Twitter, and Facebook, continuously pushing DOGE’s popularity.

Despite being adopted in the mainstream by well-established institutions, the Dogecoin community has a unique approach. The group has banded together to focus on several charitable endeavors and other ventures. The token’s usage in numerous humanitarian works shows the availability and sustainability of the Dogecoin project.

Elon Musk And His Series Of Tweets

It is of utmost importance to mention Musk and his continuous tweets while talking about Dogecoin and its increasing popularity. His series of tweets in the form of memes and other comments have been a key market catalyst and added a significant push to the digital asset’s mania across social media. At one point in time, Musk even changed his Twitter bio to “Former CEO of Dogecoin,” pushing DOGE price to the moon. He also expressed his interest in the coin, tweeting "Doge barking at the stars” and calling himself the “Dogefather.”

Following Elon Musk and his tweet, a number of people purchased large amounts of Dogecoin (DOGE), pushing the price of DOGE to a new record high earlier this year.

Why Dogecoin Is A Good Buy Now?

Although there weren’t any significant improvements or advancements in the Dogecoin blockchain network, the “Dogecoin Developers” Twitter account announced the 1.14.4 release for all users earlier this year. The update was specifically meant for miners. A significant fee reduction and the creation of the Dogecoin-Ethereum bridge were the two key upgrades in the Dogecoin ecosystem that pushed DOGE to soar higher recently.

Apart from that, DOGE’s listing in several popular exchanges like Coinbase, GEMINI, and the support from the multi-asset brokerage eToro has also been a key catalyst for DOGE’s price rise. Through the listing, DOGE added more clients to its user base, and more people started trading the crypto, pushing its value higher. And like every other asset, as demand for Dogecoin outpaces supply, the price of DOGE will rise even higher in the coming years.

As a result, the future looks bright for Dogecoin with more developments and plans in the pipeline. If you are considering buying DOGE, now might be a good time, given the affordable price of the crypto.

Expert Comment

Economy Watch:

“According to our long-term Dogecoin price prediction, we can see the coin reach the $1 mark by 2025. But, this would require a 272% increase from today’s price, which does seem huge.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Cardano (ADA)

Cardano’s ADA has been one of the best performing cryptocurrencies of 2021.

Cardano, the third-generation cryptocurrency, is an advanced blockchain network. It has become the face of a secure and sustainable cryptocurrency with ground-breaking use cases. The developers of Cardano say that the crypto is capable of redistributing power from unaccountable structures to the margins. It is also known as the first blockchain platform to have received global media consideration by including a team investigated research plan into its core standards.

ADA’s price has seen many bullish moves since the beginning of 2021. With numerous partnerships, real-world applications, and major updates Cardano, has been one of the breakout projects of 2021. By continuously crashing through all-time highs, ADA proves that it could reach record high price points in the future.

Cardano is a flexible blockchain network that can use new advancements including, security, sustainability, and multiple layer architectures, to increase versatility. A key reason for the recent surge in ADA’s price is its listing in several Japanese exchanges, opening its reach to the 3rd largest economy in the world.

The Launch Of Smart Contracts

Thanks to its successful transition from the Shelley decentralization era to the Goguen smart contracts era, Cardano is one of the top high-growth cryptocurrencies to buy now.

With the Alonzo upgrade, Cardano introduced smart contracts positioning itself as a member in the decentralized finance (DeFi) space. The smart contracts will help Cardano widen its reach to more users, and eventually, its underlying technology will find uses in more sectors. This will also drive its adoption rate, pushing ADA’s value to new highs.

The launch of the Alonzo upgrade was a huge success, with over 100 smart contracts being added to the blockchain in the initial 24 hours following the launch. As a result, Cardano has become one of the top DeFi coins to buy now.

An Environmentally Friendly Crypto

Unlike Bitcoin, Cardano is a Proof-of-Stake blockchain, which is an energy-efficient consensus method that consumes just 6 gigawatt-hours (GWh) of power. This system can achieve more than 4 million times the energy efficiency of a Proof-of-Work protocol, making Cardano a highly sustainable green coin. Moreover, the developers created the coin with a strong focus on sustainability since its creation, grabbing the attention of several climate-conscious investors.

Expert Comment

Digital Coin Price:

“The price will average $3.89 in 2022, up from $3.15 in 2021, and climb to an average of $6.28 in 2025.”

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Which Cryptocurrency To Buy Now?

In short, all three cryptocurrencies have several active developments and plans in the pipeline, making them a good buy now. Of course, it is always best to create a unique investment strategy that suits your investment journey to choose the coin that suits your requirements. However, considering all the factors, these are the top 3-high growth cryptocurrencies that could soar even higher in the coming years. Therefore, buying these cryptocurrencies now would likely help you generate massive returns in the long run.