Top 5 Fastest-Growing Cryptocurrencies To Buy - Our Picks
After detailed research, we believe that the following cryptos are the best 5 fastest-growing coins to buy now. Find a thorough review of each crypto in the coming section.
Solana - The crypto with huge upside potential
Fantom - The multifaceted blockchain is one of the best buys now
Flow - The fastest-growing crypto to buy for future returns
Binance Coin - A must-buy utility coin
Avalanche - One of the fastest-growing DeFi coins
A Closer Look At The Top 5 Fastest-Growing Cryptocurrencies To Buy
Crypto projects are being added to the blockchain every day, but many projects fail due to the lack of utility. Some cryptos grow at a tremendous pace as they provide numerous real-world solutions and have upside potential. These fast-growing cryptos have often provided significant returns to investors. Here’s a detailed review of why these top 5 fastest-growing cryptos are a good buy now.
Solana (SOL)
Solana has marked its position as the fastest-growing crypto coin with its stellar breakout in 2021, providing early investors with more than 20,000% returns. The network promises unmatchable scalability and can process up to 50,000 TPS. The technology that helps Solana to scale higher and process transactions quickly are its unique Proof-of-History consensus protocol. This scalability, speed, and affordability of the crypto is why over 400 projects, even those focused on decentralized finance (DeFi), are being developed on Solana’s fast-growing ecosystem.
Solana also plays a significant role in the NFT marketplace thanks to its efficient network. One of the key catalysts that pushed SOL’s price to highs is an NFT project called the “Degenerate Ape Academy'', which sold over 10,000 “smoothest brain” apes within minutes. Therefore, with increasing adoption, a rapidly growing investor community, and an enhanced network, SOL seems to be the fastest-growing crypto to buy now for potential returns.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Fantom (FTM)
Fantom is known as one of the fastest-growing layer-1 blockchain platforms in the network. Thanks to its significant role in the DeFi sphere, the FTM token has experienced consistent growth.
It has become one of the favorite cryptos of developers with its open-source code, blazing-fast settlements, and exceptionally low transaction costs. The network achieves its flaring speed using a directed acyclic graph (DAG) method.
Fantom has recently revealed some major upgrades to its network. This aims to speed and scalability during rising user growth. In addition, the upgrade aims to supercharge the network’s settlement speed and platform efficiency to generate greater decentralization and efficiency, helping developers build on the blockchain.
It is one of the fastest-growing cryptos that hosts over 200 decentralized applications (dApps), such as popular DEXs, cross-chain bridges, peer-to-peer lending platforms, yield optimizers, NFT marketplaces, games, and wallets.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Flow (FLOW)
Flow, the decentralized, high-speed, developer-friendly blockchain, powers new-generation games, apps, and digital assets. The crypto has a unique multi-role architecture designed for scaling without sharding. In addition, all the smart contracts on Flow are written in the easiest and safer programming language, Cadence.
Although FLOW is trading significantly low from its all-time high of $46.16 in 2021, the crypto holds its place in the fastest-growing cryptos to buy now. The token is used for all protocol-level fee payments, transactions, staking, and rewards. After the crypto slump, the token grew massively in August with its new partnership with Instagram. The coalition marks a huge milestone for the crypto as this marks Flow as the first blockchain ever to be supported by Meta as they introduce digital collectibles to collectors and the creators of Instagram.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin (BNB)
Binance Coin is one of the fastest-growing cryptocurrencies, and the credit partly goes to its world-famous Binance Exchange platform. But BNB is more than a utility token for the exchange, as it also powers transactions on the Binance Smart Chain and works as a mode of payment. The Binance ecosystem is growing at a rapid pace and has numerous projects, like the Binance Chain, Binance Academy, Trust Wallet, Binance Research, and Binance Launchpad projects. In addition, BNB also has numerous real-world utilities as it can be used for trading, payment processing, or even booking travel arrangements.
Moreover, with the rapid growth of the BNB Chain ecosystem, the price could reach $3,000 in 2030. The BNB Chain has plans to support a layer-2 chain within the network. This would be helpful in avoiding higher gas fees.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Avalanche (AVAX)
AVAX has seen its fortunes tumble in 2022 following the crypto winter. But Avalanche has positioned itself as the most exciting smart contract-based blockchain network in the market today. The network enjoys higher scalability and claims to handle over 4,500 TPS, along with offering a transactional finality of fewer than two seconds.
It is a solid project with a strong development team and introduces some amazing benefits for corporate and individual users. It allows businesses to create new blockchains and developers to create a selection of blockchain services, tokens, and coins using AVAX.
AVAX is one of the fastest-growing cryptos to buy now, thanks to its series of partnerships and several successful fundraising rounds. Avalanche Labs has recently tweeted about its latest coalition with Chainlink. This collaboration would help AVAX grow rapidly in the NFT, GameFi, and DeFi sectors. They also implied that with the integration of Chainlink’s price feed, VRF, and keepers to their mainnet, the network would see tremendous growth.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Cryptocurrencies and blockchain technologies are constantly growing, evolving, and improving. So if you are looking for the fastest-growing cryptocurrencies to buy, these are your best shot.
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