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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Numerous crypto projects are added to the blockchain every day, but many fizzle out due to lacking utility. Some cryptocurrencies blossom because they provide real-world solutions and are accompanied by effective marketing campaigns.
We scoured the market and found the fastest growing cryptocurrency. Successful cryptocurrencies have provided significant returns to investors, so we highlighted some projects that may prove to be worthwhile investments.
Let’s analyze the different cryptos with fast growth and determine their potential.
The Top 14 Fastest Growing Cryptocurrencies Right Now
Our research has led us to conclude that the following cryptos have demonstrated tremendous growth:
- Fight Out (FGHT) – Overall Fastest Growing Crypto with $2 Million Raised in 72 Hours
- Dash 2 Trade (D2T) – Crypto Intelligence Platform Racing Through Final Presale Phase
- C+Charge (CCHG) – Newly Launched Presale Crypto Growing EV Adoption
- RobotEra (TARO) – Fastest Growing Metaverse Crypto Game with ERC-20 Token
- IMPT (IMPT) – Popular Green Project Offering Rewards for Carbon Footprint Reduction
- Tamadoge (TAMA) – Exciting Meme Coin Project Pumping on Exchanges
- Battle Infinity (IBAT) – Play-to-Earn Game with Exciting Roadmap
- Lucky Block (LBLOCK) – Growing NFT Gaming Platform
- Polygon (MATIC) – Ethereum-Compatible Network Providing Layer 2 Solution
- Solana (SOL) – Smart Contract Platform Offering High Transaction Speeds
- Decentraland (MANA) – Metaverse Gaming Platform with DAO Governance
- Ripple (XRP)– Efficient Cross-Border Payments Solution Partnering with Banks
- The Sandbox (SAND) – Asset-Building Game with Expanding User Base
- Cardano (ADA) – Popular Proof-of-Stake Platform with On-Chain Growth
Fastest Growing Crypto Reviews
Most traders looking for ways to make money with cryptocurrency will be on the hunt for the fastest growing cryptos in 2023.
Now that we’ve listed the cryptos with the fastest growth, let’s get into their details to find out the mechanics behind the projects.
1. Fight Out (FGHT) – Overall Fastest Growing Crypto with $2 Million Raised in 72 Hours
Fight Out is the fastest growing cryptocurrency on the market now after it raised almost $2 million in investment in the first 72 hours after its presale went live.
Crypto investors are hugely excited by the project and native token FGHT as it will revolutionize the move-to-earn space as well as provide real utility with Web3-integrated gyms in key locations around the world.
![](https://v2.cimg.co/news/86850/247822/fightout-2-64m.jpg)
While previous M2E projects, such as STEPN, have concentrated only on counting steps when walking and running, Fight Out will utilize smart technology to tailor an individual workout program for its users.
The algorithm will track movement, key effort indicators, sleep and nutrition to build a digital profile, with Fight Out users earning in-app currency REPS by completing workouts and taking part in daily, weekly and monthly challenges.
The digital profile is a soulbound NFT avatar that cannot be bought or sold, but can be customized and upgraded and pitted against other users.
While FGHT will underpin the development of the project, REPS can be redeemed for discounts on gym membership or to pay for personal trainer sessions, as well as to get apparel, training equipment and supplements.
Fight Out’s ambitious plans make it one of the best long-term crypto projects and the drive to build real-world gyms has already begun, with the founding team scouting locations for their first venue – the gyms will include Web3 features such as ‘mirrors’ that show the NFT avatars and sensors that track workouts.
The developers are also already in contact with leading figures from the worlds of boxing, MMA and pro wrestling to come on board as ambassadors – where they will help market the project and provide masterclass-style content and behind-the-scnes access.
![](https://v2.cimg.co/news/86850/243971/fighout-app.jpg)
Former world boxing champ Savannah Marshall, UFC stars Amanda Ribas and Taila Santos and American Ninja Warrior Tremayne Dortch have already signed on.
Of the 10 billion max supply of FGHT, 60% will be allocated to the presale, with tokens available for $0.0166, another 30% on bonuses and the final 10% on exchange liquidity. 70% of the money raised in the presale will go towards buying and developing the gyms, 18% to marketing and 12% to product development.
Investors who purchase during the first presale stage can earn up to 50% extra in bonuses depending on the purchase amount and the length they choose to lock tokens for, while the price of tokens will have increased 100% to $0.0333 by the time the presale ends.
The Fight Out team is doxxed and comes from a background in combat sports and fitness app development. Interested investors can find more information in the Fight Out whitepaper and on the Telegram channel.
Presale Started | December 12 |
Purchase Methods | ETH, USDT, Transak |
Chain | Ethereum |
Min Investment | $1 |
Max Investment | N/A |
2. Dash 2 Trade (D2T) – Crypto Intelligence Platform Racing Through Final Presale Phase
Dash 2 Trade is another fast growing crypto project that has now launched an overfunding round after it smashed through its presale hard cap ahead of schedule.
Interested investors now have another four days to secure D2T tokens before they reach exchanges on Wednesday, January 11, 2023.
![](https://v2.cimg.co/news/86850/247828/overfunding-d2t.jpg)
Another 36 million tokens are on sale for $0.0556 each, with the project also announcing that it has secured a listing on Tier 1 centralized exchange Gate.io.
That listing will sit alongside previously confirmed token listings on Uniswap, LBank, BitMart and Changelly Pro.
Investors must own the D2T token to access the platform and Dash 2 Trade is suitable for both retail investors and day traders as it provides a variety of tools, analytics and insights to help users maximize profits and avoid scam or flop projects.
One such feature is the Dash Score, a bespoke crypto presale scoring system that manually scores new projects on a variety of criteria and gives them a score out of 100. The product started beta testing on January 4, 2023, and the feedback was a major driver for the developers to extend the presale round.
Retail investors can also make use of new token exchange listing alerts and a copy trading feature.
Dash 2 Trade also analyzes on-chain activity, tracks social media and watches whale wallets to spot developing trends in the crypto market.
Price Stage | Amount Raised In Stage | Token Allocation |
$0.0476 | $1,666,000 | 35,000,000 |
$0.0500 | $3,500,000 | 70,000,000 |
$0.0513 | $3,591,000 | 70,000,000 |
$0.0533 | $4,663,750 | 87,500,000 |
$0.0556 | $2,001,600 | 36,000,000 |
TOTAL | $15,421,600 | 298,500,000 |
Traders can take advantage of professional-grade independent market indicators, such as moving averages and orderbook statistics, as well as receive buy and sell trading signals.
Another two main features traders can access are the strategy builder and backtester. The Strategy builder provides metrics, helping traders optimize their trading positions, while backtesting allows traders to assess if their strategy is profitable.
Theories can be tested in live market conditions without risking capital.
There are also automated trading APIs, a risk profiler and social features to discuss insights and strategies, as well as competitions.
![](https://v2.cimg.co/news/86850/229565/d2t-dashbboard.jpg)
Dash 2 Trade is accessed via a monthly subscription, in three tiers. The Dash 2 Trade whitepaper states that the starter subscription costs 400 D2T and offers on-chain analytics, backtesting, automated trading tools and members-only Discord channel.
The premium subscription provides access to all the features such as whale wallet alerts, social metrics, analysis of crypto presales and trading insights. It costs 1,000 D2T per month or 9,600 annually.
Investors can stay up to date with the latest developments by subscribing to the Dash 2 Trade Telegram channel. To avoid missing out on the presale, investors can buy D2T tokens now.
Presale Started | October 19 |
Purchase Methods | ETH, USDT, Transak |
Chain | Ethereum |
Min Investment | 1,000 D2T |
Max Investment | N/A |
3. C+Charge (CCHG) – Newly Launched Presale Crypto Growing EV Adoption
C+Charge launched a presale of its native token $CCHG in mid-December 2022 to increase the adoption of EV vehicles by rewarding electric vehicle (EV) drivers for charging their cars.
This eco-friendly ecosystem is building a peer-to-peer payment platform to enable EV owners to pay for charging their vehicles with $CCHG tokens. After each charge, EV drivers will receive carbon credits as rewards.
![](https://v2.cimg.co/news/86850/247289/3-jan-cc.jpg)
The best time to buy $CCHG tokens is now, while they’re on presale.
During the first stage, $CCHG tokens are available at $0.013, but the coin’s price increases with each stage and by the fourth and final stage, $CCHG will be priced at $0.0235 — an increase of 80% since launch.
Phase | Price | % of presale tokens | Number of Tokens | $ Value |
1 | $0.0130 | 40 | 160,000,000 | $2,080,000 |
2 | $0.0165 | 30 | 120,000,000 | $1,980,000 |
3 | $0.0200 | 20 | 80,000,000 | $1,600,000 |
4 | $0.0235 | 10 | 40,000,000 | $950,000 |
TOTAL | 80% increase | 100% | 400,000,000 | $6.6 million |
C+Charge’s app stores $CCHG tokens in a crypto wallet and also keeps track of the carbon credits EV drivers earned.
The app’s geolocation feature helps drivers locate the nearest functional charging station. It also provides information such as the charging price and wait times.
Democratizing carbon credits is C+Charge’s strategy to convince fossil fuel drivers to switch to electric.
C+Charge has partnered with Flowcarbon – which secured a $70 million VC investment round in 2022 – to ensure that the massive carbon credit revenue earned annually is steered toward EV owners.
More information is available in the C+Charge whitepaper and by joining the Telegram channel.
C+Charge has a hard cap of $6.6 million to the presale and of the 1 billion token supply, 40% is allocated to the presale. Only 8% of the tokens are available for exchange liquidity.
Presale Started | December 16 |
Purchase Methods | BNB, USDT, Transak |
Chain | Binance |
Min Purchase | N/A |
Max Purchase | N/A |
4. RobotEra (TARO) – Fastest Growing Crypto with Wide Utility Potential
RobotEra (TARO) is anticipated to be one of the year’s fastest growing cryptocurrency projects thanks to its efforts to revamp the metaverse through the creation of expansive virtual worlds known as continents.
The project’s native ERC-based TARO token has recently been released as a multi-stage presale, causing a stir throughout the industry and has so far raised $670,000.
![](https://v2.cimg.co/news/86850/247829/robotera-1.jpg)
At the center of the RobotEra universe is an ERC-20 governance token known as TARO.
Holders of this asset can pledge their tokens to become a RobotEra manager, having their voices heard regarding the future development of the project. TARO can also be staked to earn crypto.
Presale Stage | Quantity of Tokens | Price of TARO | Stage Hardcap |
1st | 90M | $0.020 | $1.8M |
2nd | 90M | $0.025 | $2.25M |
3rd | 90M | $0.032 | $2.88M |
The TARO token has just become available to investors in a crypto presale. This fundraising event will span across three stages, with the price of TARO progressively increasing as tokens are sold.
Initially, TARO can be purchased for $0.020 but this figure will jump to $0.032 by the third stage, meaning early investors can snag a 60% discount.
Considering the anticipated growth of the metaverse, RobotEra could quickly find itself serving thousands of users, something that would in turn cause the TARO token to become one of the fastest growing cryptocurrencies on the market and cement the asset as one of the best cryptos under 1 dollar.
![RobotEra nft land](https://v2.cimg.co/news/86850/235712/robotera-land.jpg)
Players can explore the RobotEra metaverse, mining for resources used to craft robot companions that can either be sold on the in-built NFT marketplace or used to provide assistance to the player.
The world is split into plots of virtual land known as continents, on which players are free to build anything they desire.
If you’re interested in learning more about RobotEra, the below video created by Jacob Crypto Bury does an excellent job at explaining the project’s details.
NFTs are utilized to ensure that in-game assets remain easy to trade and can quickly be sold and converted to crypto. Both plots of land and robot companions take the form of NFTs, ensuring uniqueness as well as making any customization transferable between players. More details can be located in the RobotEra whitepaper.
RobotEra is a massively exciting crypto project that could grow to become the go-to metaverse for enthusiasts of the sector. With RobotEra providing a wide range of earning opportunities, it’s likely that the presale will sell out far ahead of schedule, meaning it’s worth checking out the project and buying RobotEra tokens today to avoid any disappointment.
To stay informed of any developments related to the project, join the RobotEra Telegram group.
Presale Started | Q4 2022 |
Purchase Methods | USDT / ETH |
Chain | Ethereum |
Min Investment | 1,000 TARO |
Max Investment | N/A |
5. IMPT – Popular Green Project Offering Rewards for Carbon Footprint Reduction
IMPT is a new crypto project that has just had its IEO after selling more than $20 million of tokens in one of the biggest presales of the year.
Ever wondered what the most promising crypto for 2023 is? Investors have been drawn to IMPT’s unique – and vital – real-world use case, with experts predicting the token will pump in 2023 when market conditions improve
As such IMPT is considered to be the most profitable cryptocurrency with high upside potential in 2023.
Unlike many crypto projects that struggle to provide solutions for real-world issues, as one of the best utility tokens around, IMPT is tackling one of the biggest issues of all – the climate crisis.
It will do this by allowing users on the platform, both individuals and businesses, to offset their carbon footprint when shopping. IMPT has already partnered with 10,000 retailers including globally recognized firms like Microsoft and Amazon.
Users earn IMPT tokens on transactions which can then be turned into carbon credits – which are used to fund and develop environmentally friendly projects and offset a carbon footprint.
Carbon credits can not only be earned through shopping but also bought, sold, and held onto on the IMPT marketplace – eliminating fraudulent transactions as the carbon credit trading takes place on the blockchain.
Further, holders of carbon credits can choose to retire them by sending them to a burn address and receiving a unique – and tradeable – NFT in return.
Built on Ethereum, one of the most efficient blockchains after the Merge reduced its energy consumption by 99.9%, IMPT is led by a doxxed team that has years of experience at the executive level in commerce and telecoms.
IMPT is now listed on Uniswap and LBank with other exchanges – such as Changelly Pro – lined up to list the coin in the coming weeks.
ESG is expected to be a major growth area in the next decade and could be valued at as much as $30 trillion by 2030.
For more information and the latest news on the project join the Telegram group and read through the full IMPT whitepaper.
6. Tamadoge (TAMA) – Exciting Meme Coin Project Pumping on Exchanges
Tamadoge was dubbed one of the best emerging cryptos of 2022 and is expected to have a huge 2023 when the market recovers.
TAMA was one of the biggest success stories of the year after it raised $19 million during its presale then pumped all the way from $0.01 to an all-time high of $0.194 after its IEO.
![](https://v2.cimg.co/news/86850/243976/tamadoge-run.jpg)
Despite general bear market sentiment and the project regressing from those highs, the meme coin and play-to-earn project is still one of our best future cryptos to invest in, given the continuing development of its ecosystem.
Another factor making TAMA coins more valuable is the imminent token burning. The game’s founders decided to burn 5% of all tokens used for pet store purchases, which is bound to cause a significant diminishing of the supply.
Unlike Dogecoin, which has been described as a shitcoin because of its lack of utility. Tamadoge is a play-to-earn game enabling players to collect rewards as they raise their digital pets.
Players that provide the best grooming and growth to their pets rise up the leaderboard to collect TAMA tokens, which they can exchange for other currencies. This P2E crypto has also been dubbed one of the best DeFi coins of this quarter.
Tamadoge was previously named best upcoming ICO of 2022 and certainly lived up to that billing. Investors can keep up to date with the latest news from the project on the Tamadoge Telegram and Twitter pages.
7. Battle Infinity (IBAT) – Play-to-Earn Game with Exciting Roadmap
Battle Infinity is an NFT-based fantasy game enabling players to earn rewards as they battle it out on six platforms. Players can access Battle Swap, Battle Marketplace, Battle Stake, Battle Game, IBAT Premier League and Battle Arena.
It’s in Battle Swap that players can buy IBAT, the game’s native token. Players use their tokens to build up teams and battle it out in various competitions – winners receive the highest rewards and can use tokens for monetizing land digital advertising on billboards.
![](https://v2.cimg.co/news/86850/218752/ibat-pr1.jpg)
Players can also earn IBAT tokens by staking them. Solo, duo and crates staking are available, and the global staking pool – which receives half of the IBAT tokens spent on fees – distributes them to highly active players.
Battle Infinity had one of the best crypto presales considering all the tokens sold out within 25 days, yet the intended duration was 90 days. At the start of the presale, an IBAT token traded at $0.0015 and is currently trading at around $0.004. Since the presale was so successful, an exchange listing followed.
IBAT was listed on PancakeSwap on August 17, 2022. Much like its presale, Battle Infinity’s listing impressed investors, with the coin pumping 700% from its presale prices.
![](https://v2.cimg.co/news/86850/218754/ibat-pr.jpg)
The coin has had some pullback but LBank has also recently listed IBAT and more exchanges are planned in the near future – more listings mean that a larger pool of investors has access to the coin.
The best way to stay up to date with Battle Infinity is via its Telegram channel. For a detailed overview of the best crypto Telegram groups in 2023 be sure to explore our article on the top-trending Telegram groups of this year.
8. Lucky Block (LBLOCK) – Growing NFT Gaming Platform
One of the fastest growing cryptos right now is LBLOCK. It’s the native token of Lucky Block, a new NFT project that allows players to potentially benefit from LBLOCK in two ways: rewards and capital appreciation.
Impatient investors wanting to stand a chance of receiving rewards from LBLOCK don’t have to wait for another bull run. Another way to receive rewards potentially is by entering prize draws – participants need to hold LBLOCK and use the Platinum Rollers Club NFT platform to participate in draws.
![](https://v2.cimg.co/news/86850/218762/lblock-13.jpg)
The main prizes awarded are $1 million of Bitcoin, a $300,000 Lamborghini and a house worth $1 million. Other prizes include a PlayStation 5 and exotic vacations. The platform doesn’t charge a fee for buying tokens to enter draws.
This evolving platform is always looking for ways to make the investor and user experience better and has now developed two coins. The original coin, BEP20, had a transaction tax of 12%
To make exchange listings easier and erase that tax, Lucky Block’s developers designed an ERC20 token, known as LBLOCK V2.
The V2 token was listed on Gate.io on September 1, 2022. Lucky Block’s CEO, Scott Ryder, stated that more exchange listings would follow.
![](https://v2.cimg.co/news/86850/218760/1lblock.jpg)
LBLOCK has proven that its price can pump with exchange listings, as was the case in February 2022, just a few weeks after the coin began trading on major exchanges, and again in August after the V2 coin saw a 450% pump.
Ryder also announced that Lucky Block would soon announce partnerships with Web3.0 projects.
Considering the partnerships, listings, coin developments and rewards, LBLOCK is one of the best new cryptocurrencies to buy right now.
9. Polygon (MATIC) – Ethereum-compatible Network Providing Layer 2 Solution
Polygon’s platform connects Ethereum-compatible blockchain networks. Its key function solves problems regarding slow speeds and high gas fees, which many crypto projects have experienced.
The appealing factor of Polygon is that it solves the speed and fees issues many blockchain users experience without compromising security. The project’s founders built Polygon on top of the Ethereum blockchain, enabling it to process Ethereum-based transactions while offering scalability.
![](https://v2.cimg.co/news/86850/218777/polygon-2.jpg)
Polygon’s transactions are processed faster because it functions on a separate blockchain. And the best part is that Polygon’s transactions are cheaper than Ethereum’s.
One of the key reasons for this project’s adoption growth is the ability of developers to create decentralized applications. Polygon’s platform is also used for NFT launches and several big corporations have launched NFT collections and Web 3.0 projects on the Polygon network. Wondering where to buy MATIC in 2023? The best crypto apps offer the most popular digital assets as well as a secure crypto wallet.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
10. Solana (SOL) – Smart Contract Platform Offering High Transaction Speeds
Solana is possibly the fastest growing crypto coin, having provided early investors with more than 20,000% returns. SOL’s hype isn’t merely based off celebrity endorsement, but the token solves a massive problem.
It provides high transaction speeds at a low cost. Investors use SOL to pay transaction fees on the network and enjoy smart contracts. Solana is an ever-expanding project, as it aims to improve blockchain scalability.
![](https://v2.cimg.co/news/86850/218783/solana-1.jpg)
By using proof-of-stake and proof-of-history technology. Solana plans to develop its network to process more than 60,000 transactions per second. The fees for using Solana’s network are mere pennies.
Investors who buy Bitcoin can incur fees of more than $50 and wait several hours for the transfer to reflect, depending on network usage and other factors. The key advantage of using Solana is that investors enjoy fast, affordable and scalable transactions.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
11. Decentraland (MANA) – Metaverse Gaming Platform with DAO Governance
Decentraland’s mission was to build the first ever virtual world owned by its users. Joining this game enables players to explore LANDs, divided into 90,000 parcels, to traverse through fascinating scenery and structures.
Players build up their lands as they please, and some of the interesting infrastructure found in Decentraland are medieval dungeon mazes and villages.
![](https://v2.cimg.co/news/86850/218796/mana-23.jpg)
The game enables players to acquire more land with the platform’s native token, MANA. Players can also use the builder tool to create scenes, artworks and challenges – even charging a fee for other players to enter.
A key attraction of this NFT game is that a Decentralized Autonomous Organization (DAO) governs its policies, stipulating how the platform functions, and the demand for Decentraland’s parcels increased drastically in 2021.
It appears that the demand and growth of this platform are set to continue in 2023, where Decentraland has announced partnerships with big corporations, enabling them to purchase digital land and advertise their brand.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
12. Ripple (XRP)- Efficient Cross-Border Payments Solution Partnering with Banks
Ripple is a fintech company based in San Francisco, determined to provide effective payment solutions to users globally. XRP, its native token, was designed to help people receive money efficiently and at a low cost.
It has managed to provide both, as XRP transactions take mere seconds to reflect on the other side of the world and cost pennies. Ripple’s goal of enabling peer-to-peer transacting has been achieved, but it has its sights on massive corporations.
![](https://v2.cimg.co/news/86850/218815/xrp-1.jpg)
Although Ripple’s community, referred to as the XRP Army, has a large influence on the coin’s price movement, it’s the partnership with banks that increased adoption.
Numerous Asian banks and payment providers have partnered with Ripple to use XRP as a means to send large blocks of transactions across the world at a minimal cost – XRP’s price has proven to react favorably to Ripple’s partnerships.
The hindrance in XRP’s price has been Ripple’s ongoing lawsuit with the SEC – the US Securities and Exchange Commission is suing Ripple for sales of unregistered securities and has claimed that XRP is a security.
But XRP’s support from the army has led to a significant price pump, resulting in more than 1,300% returns for investors who bought the coin in March 2020 and held it until April 2021. That rally proved even a lawsuit cannot prevent XRP’s price from pumping.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
13. The Sandbox (SAND) – Asset-Building Game with Expanding User Base
Another Metaverse game that has made a lot of noise with the NFT community is The Sandbox. This crypto game enables players to monetize their piece of LAND and use avatars to turn their NFT collection into a life-like form.
Owning LAND enables players to build experiences, host events and invite friends and they can also increase the value of their land by adding infrastructure and then selling it for profit. Players need to own $SAND, the game’s token, to buy and sell assets and land in the Metaverse.
![](https://v2.cimg.co/news/86850/218817/sand.jpg)
The Sandbox’s user base grew significantly in 2021, with a wallet database reaching 500,000 and several thousand users spending more than an hour in The Sandbox, developing their land.
Another key development has been this game’s partnership with big brands, making it a key crypto to watch in the future.
Some of the artists The Sandbox teamed up with are Snoop Dogg, DJ Richie Hawtin and Deadmau5. Another collaboration is with Adidas, which bought a piece of land on the platform to promote its brand.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
14. Cardano (ADA) – Popular Proof-of-Stake Platform with On-Chain Growth
Cardano’s proof-of-stake platform and advanced technologies aim to provide security and sustainability to decentralized applications. The project strives to offer a transparent foundation for individuals to transact and corporations to develop.
The network’s native token, ADA, contributes to the ecosystem to ensure that the data of the masses is protected and scalable enough to cater to global systems. Cardano network’s growth gained quite a bit of traction after the announcement of the Vasil hard fork, scheduled for September 22, 2022.
![](https://v2.cimg.co/news/86850/218835/card.jpg)
The Vasil fork will produce increased network capacity and lower transaction costs. The other development as a result of the fork will be the enhancement of Plutus, Cardano’s smart contract platform. That will empower developers to produce more efficient blockchain applications.
We’ve done a Cardano price prediction for the Vasil upgrade.
Cardano’s on-chain growth is represented by its monthly increase in August 2022 in wallets (1.38%), native tokens (5.28%), transactions (4.49%), policies and Plutus scripts (5.28%.
The upcoming updates have prompted the market to react, with ADA gaining 20% value since the end of August. ADA is one of the fastest growing crypto this week, and it’s possible that the coin’s price could rise even higher as the fork nears.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
The Criteria for Ranking the Fastest Growing Cryptos
To determine the fastest growing cryptocurrencies, we used several factors. Let’s explore each of them in detail.
Supply
Assets high in demand are usually in low supply – investors struggle to buy them, so they’re willing to pay a premium for ownership. Scarce assets are valuable, and a finite supply, such as Bitcoin’s, makes investors eager to invest in the project.
The finite supply and token burn are just two reasons that Tamadoge’s presale did so well, with TAMA’s supply limited to 2 billion and the developers also planning to burn 5% of the tokens to increase the value. The coin’s diminishing supply will make it more difficult for investors to obtain, which should result in a price spike.
Popularity
It’s no secret that the reason some of the hottest cryptos rallied is because of popularity, manifested from celebrity endorsements and strong social media backing.
Dogecoin is a perfect example, receiving Elon Musk and Mark Cuban’s backing, even though the coin had virtually no utility and was developed as a joke.
But Dogecoin’s popularity resulted in the coin going on an epic bull run, providing investors with more than 10,000% who bought coins at the beginning of 2021.
Age
Bitcoin is the first crypto developed on the blockchain and has been around the longest. It’s one of the reasons it has the highest market cap of all coins and was one of the fastest growing crypto on Coinbase.
But new crypto projects have proven they can also make an impression on investors if they solve a real-world problem.
Utility
Some coins get away with providing almost no utility and managing to have significant price pumps- a good example being Dogecoin – but such coins lose their appeal fast and experience a massive price crash.
The only cryptocurrencies that can have longevity are the ones that provide utility and continued use case, either helping to solve a problem on the blockchain or providing continued entertainment.
Staking
Many investors now consider staking as one of the best ways to get rich off crypto. Staking involves investors using the coins they own to earn more coins by locking them away on an exchange. Investors earn interest by staking their coins, which they can exchange for fiat currencies.
Not all coins can be staked, and some stake coins offer lower interest than others.
Conclusion
We’ve highlighted the key criteria for selecting the fastest-growing cryptocurrencies, and we applied them to all the cryptos featured in this guide.
We found that Fight Out offers a token that’s in hugely a successful early presale with investors clearly seeing the potential in the token, which secured almost $2 million of funding in its first 72 hours.
The move-to-earn project has ambitious plans to develop a market-leading fitness app and build real-world gyms around the globe that are integrated with Web3 technology.
Dash 2 Trade is another fast-growing crypto that is now in its final presale stage and expected to pump once it lists on exchanges.
FAQ
What qualifies as fast growing crypto?
Cryptocurrencies that have experienced tremendous growth by raising large amounts of money during early funding, significant increases in wallet userbase, massive coin price spikes and transaction increases would make a crypto fast growing.
Which crypto is the fastest growing this year?
FightOut is an exciting new move-to-earn crypto project that sold almost $2 million of tokens in the first 72 hours of its presale, while Dash 2 Trade is now in the final phase of its own presale and expected to pump after its IEO.
How do I know which cryptos will grow fast?
A good indication of a crypto coin that may grow fast is usually evidenced in its presale – FightOut and Dash 2 Trade are two clear examples of investors flocking to a presale.
What cryptocurrency on Coinbase is the fastest growing?
Several cryptocurrencies have provided massive returns for investors such as Bitcoin and Cardano. Solana is another coin that had a huge rally.
What crypto grew the fastest this week?
FightOut secured almost $2 million in just 72 hours after its presale went live in mid-December 2022.
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