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Fastest growing cryptocurrency to invest in

Fastest growing cryptocurrency 2021

Almost every crypto-related forum or website provides various charts demonstrating the rates and dates, fastest-growing cryptocurrencies, and other data through graphics. Godex.io is one of those services that come up with all the updates and news.

Bitcoin is obviously expected to be one of the rapidly growing cryptocurrencies in 2021 but according to Godex statistics, a ton of not so well-known coins are also able to penetrate the list.

The digital currencies with the fast growth for the last week are Cake (172.70%); SushiSwap (152.49%); Venus (141.96%); Terra (126.47%); Solana (125.31%); ZRX (113.36%); UMA (109.64%); Akro (93.49%); Mainframe (85.77%).

Those numbers stand for the change in value; price fluctuations are not taken into account in this case. And the currencies themselves are unstable; therefore, risks of investing are high. To avoid big losses, the number of investments should equal the size of a coin.

Cryptocurrencies with the most potential

Each existing fastest growing crypto coin offers one or two unique features that append them more capacity. Cryptocurrencies with the most potential arise with an increase in value, exchange rate, and stability over the past seven days. The price and dynamics are not included in the characteristics due to hourly modification. To stay notified and upgraded about everything going on in the crypto world, make sure you check Godex.io for these and other purposes.

The top three fastest-rising e-currencies besides Bitcoin (BTC) with the potential are:

Ethereum (ETH)

The fastest-growing cryptocurrency trend is intending to transition from proof-of-work to proof-of-stake consensus algorithm. The move is helpful for transaction speed stabilization, coin’s network security, and other processes.

The market capital of ETH struck $68.1 billion back in December 2020 and in January ‘21 it arrived at $125. Not only the affordability but also the open-source network for decentralized applications (dApps) development stimulate the coin to gain the most potential for insurance, loans, savings programs, and policy independence from financial authorities.

Cardano (ADA)

This altcoin’s plans for 2021 are to enhance as a financial operating mechanism; to create chain interoperation solutions, devolved products establishment, and more. The market cap of ADA is $9.8 billion, and the trading price is $0.31.

Ripple (XRP)

This fast-growing crypto coin acts as a profitable financial payment system that maintains safe, low-cost, and speedy cross-border transactions. Per OMFIF analysis (the Official Monetary and Financial Institutions Forum), the distributed ledger technology of Ripple (DLT) could become a substitute to SWIFT with the following solutions: reliance, rapidity, traceability, cost, transparency, and risk management. Thus, XRP has this opportunity to transform into digital finance and build a legal framework and more crypto assets with the use of DLT technology.

The most profitable cryptocurrencies

There indeed are another world fastest growing cryptocurrencies but not that huge yet. You can also check the list out on Godex.io:

  • Litecoin (LTC). Based on an autonomous open-source payment network, the coin’s market cap constitutes $10.1 billion, and the value per token is $153.88.
  • Polkadot (DOT). This proof-of-stake lucrative cryptocurrency is aimed at interoperability creation between other blockchains to enable the united functioning. The coin’s market cap makes $11,2 billion, and the cost per token is $12.54.
  • Chainlink (LINK). It is an oracle based structure that links smart contracts and data of outside applications so that the contracts are free to ETH. The stock market capitalization of the crypto coin is $8.6 billion, and the value of one link is $21.53.

Cryptocurrencies with maximum growth

The concept of digital currencies with limitless growth is an occasional phenomenon. The exchange rate within a week is all that counts; no small volatilities or fluctuations are taken into consideration.

Godex.io does its best to come up with as much information as possible but here are the two cryptocurrencies out of the whole list to cut it short:

  • Monero (XMR)
  • Stellar (XLM)

Fastest growing cryptocurrency today

As it has been mentioned before, all altcoins besides Bitcoin have great potential and space to grow. However, at the moment, Bitcoin is ahead of everyone. The reasons for it to be the fastest-growing cryptocurrency are:

  • It operates easily. The perfect analogy for Bitcoin would be Email: both function almost similarly. To replace digital money, a user must install a bitcoin wallet on any desired device and generate the first bitcoin address. Once the address is disclosed to friends, a user gets paid. There can be more than one address too, but each should be utilized only once.
  • Safety. All BTC deals are recorded by blockchain. The coin’s wallets that belong to customers keep data about them hidden via a private key or seed. Personal keys are needed for signing transactions.
  • Fees of 2%-3% when sending funds through credit cards or PayPal, and others.

FAQ

Which Cryptocurrency will rise the most?

It genuinely can be any cryptocurrency as, for instance, Bitcoin and all altcoins were once designed to be independent of governmental regulations and control. Another concern is which cryptocurrency will offer a better protection system than Bitcoin besides numerous features that BTC had not suggested before?

The field of cryptocurrencies keeps expanding - there are approximately 4,000 crypto coins operating. Half of them have little or no trading volume at all and the remaining half does not bring much to the table except for immense popularity thanks to dedicated investing and trading communities.

Per Godex.io assumptions, the top five cryptocurrencies that may advance in 2021 are Bitcoin, Zcash, Ripple, Chainlink, Synthetix Network Token.

What is the next crypto to explode?

It is quite challenging to choose just one crypto coin as not only Bitcoin has been demonstrating the world its outstanding performance. In this way, Godex.io comes up with the following list:

  • Bitcoin
  • Litecoin
  • Ethereum
  • Basic Attention Token
  • Cardano
  • Bitcoin Cash
  • Binance Coin
  • TRON
  • EOS
  • Ripple

What will be with cryptocurrency in 10 years?

This sort of question may be slightly confusing, and it is difficult to forecast even if we’re talking about firm cryptocurrencies. Each coin’s performance rate varies pretty frequently. On the other hand, it is not an eye-opening fact that the world is becoming more digitized and technologically advanced. No wonder if there will be no paper money, no material wallets, no banks full of consultants and accountants ruled by the government, etc. Thus, Godex.io believes that life will be easier and more secure with the cryptocurrency policy implemented in 10 years.