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.
10 Fastest Growing Cryptocurrencies
Our research has led us to conclude that the following cryptos have demonstrated tremendous growth:
- Tamadoge (TAMA) – Overall the Fastest Growing Crypto
- Battle Infinity (IBAT) – Play-to-Earn Game with Sold-Out Presale
- 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
- FTX Token (FTT) – Native Crypto Exchange Token for Lowering Trading Fees
- Cardano (ADA) – Popular Proof-of-Stake Platform with On-Chain Growth
Fastest Growing Crypto Reviews
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. Tamadoge (TAMA) – Overall the Fastest Growing Crypto
The fastest growing crypto right now is Tamadoge, which is enjoying a highly successful presale and has raised almost $13 million in just over a month.
During the beta sale, 100 TAMA tokens were available for 1 USDT, but in its current seventh stage of the presale, Tamadoge is offering 40 TAMAs for 1 USDT. The incremental price increases throughout the presale have already provided early investors returns. But that’s not all.
The high demand for TAMA tokens has already resulted in listings on centralized and decentralized exchanges. Confirmed listings include LBank and Uniswap and the increased exposure Tamadoge will receive from these listings will increase demand even further, making it one of our best future cryptos to invest in.
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, 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.
Investors wanting to keep up to date with the latest developments of Tamadoge can subscribe to the Telegram channel. Beware that the channel’s DMs never message subscribers first, so watch out for imposters.
2. Battle Infinity (IBAT) – Play-to-Earn Game with Sold-Out Presale
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.
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.
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.
3. 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, an NFT competition platform 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.
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 1 September 2022. Lucky Block’s CEO, Scott Ryder, stated that more exchange listings would follow.
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 cryptocurrency to buy right now.
4. 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.
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.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
5. 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.
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.
6. 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.
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 2022, 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.
7. 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.
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.
8. 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.
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.
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.
9. FTX Token (FTT) – Native Crypto Exchange Token for Lowering Trading Fees
The crypto market crash in May 2022 resulted in Tether losing its peg and numerous crypto projects – such as Celsius and Three Arrows Capital – going bankrupt. The occasion called for a hero to save the day and that hero was Sam Bankman-Fried (SBF), CEO of FTX, a cryptocurrency exchange.
SBF helped some struggling crypto companies to get back on their feet by investing a tremendous amount of money. He was lauded as a hero, and investors showed their appreciation by buying the FTX token.
But owning FTX tokens (FTT) provides several key benefits – not just affiliation to a crypto hero – with many traders use the coin to lower their trading fees, earn free rebates and for staking.
FTT is the native token of the FTX exchange. Whenever the exchange develops its platform, FTT benefits directly from it. The exchange experienced massive growth in 2021, not just in revenue but in the number of users joining and the products it has introduced.
That’s evident in FTT’s rally. Investors who bought the coin in January 2021 and held it for nine months would’ve received near 1,000% returns.
The FTT coin burn has reduced the circulating supply and made the coin more scarce, possibly making it a low cap cryptocurrency to invest in soon.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
10. 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.
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 2022. 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 has done so well, with TAMA’s supply limited to 2 billion and the developers plan 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 coins 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.
Celebrity influence can play a significant role in a coin’s success, which is the reason that Irfan Pathan, international cricketer, and Urvashi Rautela, Bollywood actress, partnered with Battle Infinity. Both attended the Battle Infinity launch party of the coin’s listing on PancakeSwap, when IBAT spiked 700%.
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
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 low interest. Investors can stake Bitcoin or they can opt for three staking options of IBAT: solo, duo and crates.
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 Tamadoge and Battle Infinity had incredible presales and offered investors rewards for participating in the projects.
These two P2E games provide utility and entertainment. Battle Infinity’s price spiked drastically with its exchange listing, and Tamadoge’s successful presale has resulted in an imminent listing on LBank.
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?
Battle Infinty’s token, IBAT, was sold out within 25 days of the presale, which was supposed to run for 90 days. The coin’s PancakeSwap listing followed, and the price of IBAT pumped 700%.
How do I know which cryptos will grow fast?
A good indication of a crypto that may grow fast is usually evidenced in its presale. That was the case for IBAT. Its presale lasted only 25 days, and the coin rallied 700% when it was listed on an exchange.
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?
Cardano (ADA) has a 20% price spike because of the upcoming Vasil fork. The fork is scheduled for 22 September 2022, so the ADA price could rise even further.
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