According to Google Trends, the phrase “fastest growing cryptocurrency” is searched for over a thousand times per month, and the phrase “fastest growing crypto” is searched for 400 times per month. Buying the appropriate cryptocurrencies at the proper times greatly beats merely keeping Bitcoin, thus the question makes sense. However, this demonstrates impatience and a desire to “go to the moon” with the next cryptocurrency explosion.
For the most part, retail investors only make purchases at the peak of a bull market, so by the time they figure out the answer to the question “what is the fastest growing cryptocurrency?” the coin will have already reached the end of its bull run. When Elon Musk appeared on Saturday Night Live in May 2021, the hottest topic was dogecoin; in October, it was Shiba Inus. In this primer, we’ll try to address this question and examine whether or not this is the best way to approach cryptocurrency investments.
A Look at the Cryptos with the Fastest Growth
The list goes from two coins that can’t even be traded on crypto exchanges yet to the two largest cryptocurrencies by market capitalization, including the oldest Bitcoin, whose value has already gone up by millions of percent. We’ll show you why:
When compared to Bitcoin’s performance since its birth, Binance Coin’s growth has been exponential. Binance Coin is the native token of the largest trading volume crypto exchange in the world.
The BNB/BTC pair has the most optimistic market structure of any cryptocurrency, and it will be untouched by the bear market of 2022. Like putting your money on the house in a casino, BNB will maintain its worth as long as the Binance exchange does and cryptocurrency does in general.
In a similar vein to BNB, FTX Token is the native currency of the FTX exchange and has been on a strong bull trend versus Bitcoin since late 2019. Futures traders on derivatives pairs that stake FTT is eligible for a maker refund in addition to the platform fee discount.
Thanks to SBF’s wealth, success, and widespread involvement in the cryptocurrency markets, investors are more positive about FTT as a long-term investment.
Midway through 2022, Ethereum was trading at over $1,500, making it one of the fastest rising cryptocurrency assets and financial assets overall over the preceding eight years. Long-term wealth growth requires a diversified holding strategy that includes some of the top crypto assets that have proven their worth over time and are currently enjoying a positive uptick. The ETH/BTC pair has been in a multi-year rally against Bitcoin since September of 2019.
Trading as high as $69,000 in December 2017, Bitcoin has risen from its initial launch price of $0.0008 in July 2010 to become the most valuable cryptocurrency by market cap. Many individuals wonder about this because they feel they missed the Bitcoin boat and now must invest in “the next Bitcoin” in order to make any real money in the cryptocurrency market.
After its presale sold out early in January 2022, Lucky Block experienced a 65x bull run. The initial private sale round of LBLOCK’s presale had a price of $0.0015 per token. A month later, on the day of its initial CEX listing on the LBank exchange, the price had risen to $0.0097. The LBLOCK price increase was one of the quickest increases to a fully diluted market value of $1 billion.
Though LBLOCK is still up 7x from its presale price, the 2022 bear market has corrected its roughly 6500% bull cycle.
After its initial dex offering on PancakeSwap in July 2021, the price of DeFi Coin skyrocketed from its presale price of $0.10 to $4 when it was listed on its first CEX, Bitmart.
DeFi Coin has dropped 97.5% to $0.10, putting it for sale at its pre-sale price. Despite the company’s lackluster performance over the previous year, DEFC nevertheless provides an opportunity to increase one’s net worth by staking for a high yearly percentage yield (APY).
The maxim “buy low, sell high” has become the trading slogan in the bitcoin community and the trading world at large. Since no asset’s value can indefinitely increase at a constant clip, the fastest-growing cryptocurrency must have a low starting price in the first place.
So, the new metaverse asset that is drawing a lot of early investor attention is our top pick for the fastest-growing cryptocurrency of 2022. At the one-week mark of its 90-day presale, Battle Infinity reached its soft cap. After only 24 days, the hard cap of 16,500 BNB was reached.
According to recent research by DappRadar, crypto assets associated with blockchain gaming and the metaverse fared relatively well throughout the 2022 bear market. When investing early at presale prices, the gaming industry is a strong competitor for continuing development in the future, regardless of market conditions.
Tamadoge, which calls itself “the play-to-earn Dogecoin,” is now in a limited-time beta sale period before most of its marketing has even begun. There can never be more than 2 billion TAMA tokens in circulation, unlike Dogecoin’s infinite supply. This is one of the factors that has stymied DOGE’s development beyond its initial craze phase. TAMA will be traded on Uniswap and LBank after the ICO concludes.
The best opportunity for rapid and sustainable growth in the cryptocurrency market is to invest in a wide variety of solid assets that meet multiple of the above considerations.
Remember to take profit by gently scaling out of a position, as PnL gains only exist on paper until they are realized, and avoid cryptocurrencies that make fast impulsive runs to the upside without creating support, as they can crash just as quickly.
Our team has selected two new crypto projects, Battle Infinity and Tamadoge, as the most promising candidates for the fastest-rising cryptocurrency coins in late 2022 and into 2023. Pre-orders for the latter have ended, but early adopters can still get in on the action by checking out their listing on PancakeSwap.
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