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Fastest growing cryptocurrency to invest in

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Fastest growing cryptocurrency 2024

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 2024 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 Conflux (366.56%); Stacks (108.78%); Ankr (70.63%); Filecoin (65.69%); Neo (57.57%); Klaytn (51.81%).

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 second-largest cryptocurrency by market capitalization after Bitcoin. It is a decentralized platform that enables the creation of smart contracts and decentralized applications (DApps). Its native token, Ether (ETH), is used as a means of payment for transactions on the Ethereum network.

Binance Coin (BNB)

The native crypto of the Binance exchange, one of the major crypto exchanges in the world. Binance Coin serves as payment for trading fees on the exchange, and users can also use it to purchase goods and services from merchants who accept it.

Solana (SOL)

This is a blockchain platform that aims to provide fast, secure, and low-cost transactions for decentralized apps. It uses a proof-of-stake consensus algorithm and has a unique architecture that can process up to 65,000 transactions per second. Solana has gained popularity for its fast and cheap transactions, and it supports a growing number of decentralized finance (DeFi) applications.

The most profitable cryptocurrencies

There indeed are another world's fastest growing cryptocurrencies but not that huge yet. And their low cost makes them affordable for investors with any wallet. You can also check the list out on Godex.io:

  • Dogecoin (DOGE). The meme coin brought its owners a serious ROI of 15205.56%. It only took DOGE a month to skyrocket from $0.05 to almost $0.7. Dogecoin has declined in value since its all-time high, but the coin that is in the top 10 cryptocurrencies could repeat its incredible rise again.
  • The Sandbox (SAND). Although the crypto asset is quite young, it has already given its owners an ROI of 8955.88%. In just over a month, SAND was able to go from $0.7 to $7.53, making its investors delighted. The utility token is expected to set new records as the metaverse idea promoted and developed by The Sandbox project gains popularity.
  • Shiba Inu (SHIB). Another meme coin has become one of the most successful crypto assets, earning its investors an ROI of 815013.03%. There is fierce competition between DOGE and SHIBA, and this always results in the value of both projects skyrocketing.

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

Over the past few weeks, Chinese coins including NEO, Conflux, Filecoin, VeChain, and Qtum have rallied, bringing their holders 76.45%, 26.54%, 29.50% and 310.15% in profits. It is believed that this trend will continue. However, for now, reliable and proven Bitcoin is also showing an uptrend. Reasons why Bitcoin remains the fastest growing crypto:

  • 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 21,910 crypto coins, with a total market cap of $850 billion. 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 2024 are Litecoin, XRP, Monero, Shiba Inu, and The Sandbox.

What is the next crypto to explode?

It is quite challenging to choose just one crypto coin from a multitude of contenders to succeed. In this way, Godex.io comes up with the following list of cryptocurrencies demonstrating their outstanding performance to the world:

  • Polkadot
  • Litecoin
  • Monero
  • XRP
  • Cardano
  • The Sandbox
  • Binance Coin
  • Shiba Inu
  • Solana
  • Decentraland

What will be with cryptocurrency in 10 years?

What is known for sure is that the world will become increasingly digital and technologically advanced. Governments in many countries will accept and legalize digital money. Thus, they will be used by the masses and on a daily basis. For the financial sector, this means that there will be no fiat money, no material wallets, no government-run banks full of consultants and accountants, etc. Godex.io is convinced that in 10 years, cryptocurrencies will be injected into the lives and customs of billions, making everything easier and safer.