‘Fastest growing cryptocurrency’ is typed into Google over a thousand times a month according to keyword data, and ‘fastest growing crypto’ four hundred times. The question is understandable as buying the right altcoins at the right times far outperforms just holding Bitcoin. However it also shows a beginner’s lack of patience and the desire to get rich quick with the next cryptocurrency to explode and ‘go to the moon’.
Usually retail investors buy the top of a bull run – meaning once they have a clear answer to ‘what is the fastest growing cryptocurrency’, it’s already the end of that coin’s bull cycle. Dogecoin in May 2021 when Elon Musk went on SNL, Shiba Inu in October after that, and so on. In this guide we will attempt to answer this question but also analyze whether it’s really the right way to approach investing in cryptocurrency.
We’ve put together eight examples of crypto investments that could be a good strategy when faced with this question, although they may be counter-intuitive:
Our top 10 list ranges from two coins that aren’t even yet tradeable on crypto exchanges – to the two largest cryptocurrencies by market capitalization, including the oldest Bitcoin which has already increased in value by millions of percent. We’ll explain why:
The most common piece of advice in cryptocurrency circles and trading in general is the mantra ‘buy low, sell high’. In order for a coin to even become the fastest growing cryptocurrency in the first place, it needs to start from a low price point – nothing keeps going up forever in a straight line.
Cryptocurrency as an asset class trends very strongly in both directions, in bull and bear cycles – pumping very high then going into a prolonged correction or ‘dump’ to retest historical support levels. Unlike the stock market – the S&P 500 has averaged slow and steady growth of 10.5% per year since 1957.
Cryptocurrencies can return gains of over 1000% in a month, as Shiba Inu did in Oct 2021, then retrace 90% for the next eight months as it did. Many altcoins experience 99% corrections – SHIB could continue its downtrend for years – Ethereum corrected 95% before revisiting its all time high three years later (Jan 2018 – Jan 2021, $1440 to $80 and back).
Our first pick then for the potentially fastest growing cryptocurrency is a brand-new presale of a metaverse asset that is attracting a high level of early investor interest – it is the fastest growing crypto presale of 2022.
So far Battle Infinity sold around 4300 BNB worth of its native coin IBAT – this upcoming metaverse game’s play to earn token. At the current Binance Coin price that’s equivalent to $1.05 million in USD terms. That was raised two weeks into its 90 day presale.
That early level of buying volume during the Battle Infinity presale – during which the IBAT token price is fixed – could lead to it later becoming the fastest growing cryptocurrency asset when it does launch for trading on crypto exchanges later this year – the first of which will be PancakeSwap DEX.
Read the whitepaper and roadmap for this NFT-based fantasy sports game at battleinfinity.io – the fastest growing cryptocurrencies are usually found with careful market research before they begin to grow – its often too late when chasing large green candles with FOMO (fear of missing out).
IBAT is a BEP-20 token with a fixed supply of 10 billion – coins with a capped maximum supply, like Bitcoin, have the best chance of long term growth.
Our first pick was a metaverse asset – a recent DappRadar report found blockchain gaming and metaverse related crypto assets weathered the storm of the 2022 bear market better than others. Gaming continues to increase in popularity as better technology emerges and is a strong contender for continued growth in the future, regardless of market conditions, especially if investing early at presale valuations.
Our second pick is another new crypto presale – this time in the meme coin category. During bull markets – and some of the best traders speculate that the next crypto bull run could begin in 2023 or 2024 – meme tokens tend to be the fastest growing cryptocurrency assets, as DOGE and SHIB were in the 2021 bull run.
Its essential to invest early in meme coins however and ride the hype train from the bottom of the cycle to the top – Tamadoge is currently in a limited time beta sale phase, before much of its marketing has even begun, and bills itself as ‘the play-to-earn Dogecoin’.
Early investors in Shiba Inu had the potential to make billions of dollars from a small token investment size – one confirmed crypto wallet address turned $8,000 in SHIB into $5.7 billion, which made mainstream news in Business Insider and Yahoo.
Shiba Inu didn’t even have any utility – like Dogecoin it mostly began as a joke and was based on funny dog memes, and Elon Musk’s Twitter endorsement. Tamadoge (TAMA) will start off with a clear roadmap and play to earn utility – within the Tamadoge ecosystem players will be able to mint their own doge, in the form of a Tamadoge NFT. They can then breed, train and battle with their doge to top a monthly leaderboard and earn rewards in Tamadoge tokens.
TAMA has a fixed maximum supply of 2 billion tokens – not being inflationary like Dogecoin, one of the issues that prevented DOGE from growing after its initial mania phase. After the presale, TAMA will be listed on Uniswap and LBank.
Lucky Block had a 65x bull run after its presale sold out early in January 2022. During the first phase of its presale – a private sale – LBLOCK was priced at $0.0015.
A month later it hit $0.0097 the day it was listed on LBank exchange, its first CEX listing. LBLOCK’s bull run was one of the fastest moves to a $1 billion fully diluted market capitalization of any cryptocurrency.
That approximately 6500% bull cycle has now largely corrected over the course of the 2022 bear market – although LBLOCK is still up 7x from its presale price.
Lucky Block has more upcoming CEX listings in 2022 including MEXC exchange. The additional trading volume from being listed on two CEXes – its other platform being PancakeSwap DEX – could help it retest its former all time high.
Another catalyst for growth is a crypto project completing parts of its roadmap – LBLOCK recently upgraded to its V2 token standard. In addition it now has a low market cap, of $40 million – low cap coins can pump the easiest with the lowest amount of buying volume.
Read more about what the Lucky Block platform offers – a decentralized NFT competitions platform, amongst other giveaways and charitable ventures – in our Lucky Block price prediction post.
DeFi Coin went on a 40x bull run from its presale price of $0.10 to $4 when its was listed on its first CEX, Bitmart in July 2021 – after its initial dex offering on PancakeSwap.
Its now possible to buy DeFi Coin back at its presale valuation as it has retracted 97.5% back to $0.10. While its performance has not been strong in past 12 months DEFC does offer another way to grow wealth – through staking for a high annual percentage yield (APY).
DEFC can be staked for up to 75% APY on the project’s own decentralized exchange, DeFi Swap. The annualized yield gains possible through cryptocurrency far outperform the interest rates of regular bank accounts.
Unlike centralized lending platforms that went bankrupt in 2022 such as Celsius and Voyager, DeFi staking platforms – which generate the yield in a different way – were unaffected.
Read more about DeFi Coin and how DeFi Swap works in our DEFC price prediction post.
Since its ICO price of $0.31 in 2014, through to its valuation at around $10 in 2017 – when most people first heard of ETH – to its all-time high of $4,868 against USDT on Binance, Ethereum has been the most successful altcoin of all time.
Trading at around $1,500 in mid 2022, Ethereum is among the fastest growing cryptocurrency assets, and financial assets in general when measured over the past eight years.
Importantly its still in a clear long term uptrend, having put in a strong bounce to recover to above its previous all time high on the high time-frame chart (monthly).
As mentioned cryptocurrencies can grow fast then give away all their gains and trend down for years – some altcoins die completely and never recover after one explosive pump. Few investors are skilled enough to sell the top, and end up ‘holding the bag’ all the way down hoping for the market to turn around.
To grow wealth long term, it’s important to keep a diversified portfolio and hold crypto assets that have stood the test of time, and shown a long term uptrend. On the ETH/BTC pair, Ethereum has also been in a multi-year uptrend against Bitcoin since Sept 2019.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Since launching at $0.0008 in July 2010, Bitcoin has traded as high as $69,000 – achieving the highest market capitalization of any cryptocurrency, and the fastest to reach a $1 trillion almost a tenth of the market cap of the Gold supply.
Part of the reason people type ‘what is the fastest growing cryptocurrency’ into Google is they believe they have missed the boat on BTC, and need to invest in ‘the next Bitcoin’ to really make money with cryptocurrency.
However many proponents of Bitcoin such as billionaire investors Tim Draper and the Winklevoss twins predict Bitcoin will one day reach $250,000 – $500,000 which would be 10-20x gain from its price in mid 2022, through steady growth. Some speculate it will be worth seven figures per coin.
Buying Bitcoin is a low risk option compared to some altcoins which ‘pump and dump’ and be hard to time the tops and bottoms of (unless investing at presale which is usually the bottom unless a project fails to deliver on its roadmap completely).
Similar to Ethereum, many expert crypto investors recommend holding at least 50% of your portfolio in Bitcoin to add stability and preserve capital to buy the dip if needed.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Binance Coin is the native token of the highest trading volume crypto exchange in the world, and is the fastest growing cryptocurrency in terms of its relative performance versus Bitcoin since its inception.
The BNB/BTC chart shown below is the most bullish market structure in crypto – completely unaffected by the 2022 bear market. Holding BNB is analogous to betting on the house in a casino game – as long as cryptocurrency exists, Binance exchange will, and its native coin BNB will hold its value.
The Binance CEO Changpeng Zhao (‘CZ’) is now the 19th richest man in the world, with a net worth of $65 billion.
Binance Coin is the cryptocurrency used to pay fees on the Binance trading platform in return for a discounted fee structure, a simple utility that has seen it become the #5 crypto asset on CoinMarketCap and #3 if not counting the stablecoins Tether and USD Coin.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Similar to BNB, FTX Token is the native currency of FTX exchange and has been in a strong bull trend against Bitcoin since late 2019.
Holders of FTT receive a fee discount on the trading platform and those staking FTT can even receive a maker rebate when futures trading on derivatives pairs.
The CEO of FTX, Sam Bankman-Fried is one of the youngest billionaires in the world, valued at $22.5 billion by Forbes in 2021.
Known as SBF, he is also turning FTX into the ‘Amazon of crypto’ by buying up assets in companies that went bankrupt during the 2022 bear market such as Voyager and BlockFi. When news of those acquisitions broke FTT also closed a strong green candle.
Investors now see FTT as a safe haven asset and bullish in the long term based on SBF’s wealth, success and having his fingers in so many pies now across the cryptocurrency markets.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
These were the factors we considered in putting together a diversified portfolio of potentially fast growing cryptos, as growth can stem from many areas:
Some other high potential options are Solana – also backed by SBF and one of the fastest growing ecosystems in crypto – and Avalanche, the fastest smart contracts platform and considered by some to be the best blockchain.
There are many criteria that can result in a fast growing cryptocurrency – investing in a diverse range of strong assets that meet several of the above considerations offers the best chance of rapid but also sustained growth.
Cryptos that have fast impulsive moves to the upside without building support, can crash just as quickly – remember to take profit by scaling out of a position slowly as PnL gains only exist on paper until they realized.
Our top picks for the next fastest growing cryptocurrency coins in late 2022 – and into 2023 – are two currently active presales Battle Infinity and Tamadoge.
Battle Infinity – Best Crypto Presale 2022
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This article was written for Business 2 Community by Matt Williams.
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Matthew graduated from the University of York with a Bachelors in Interactive Media. Originally hailing from Northampton UK, Matthew has a keen interest in stocks and Fintech, with a passion for writing educational content on ways to earn sustainable side income online to achieve financial freedom. Beginning by writing freelance content for… View full profile ›
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