The Fastest Growing Cryptocurrencies of 2024

Crypto investors are always on the hunt for the next big coin. One of the best ways to find promising coins is to look at which cryptocurrencies are growing the fastest. Projects grow quickly when they get more users, which often leads to a positive cycle of even wider adoption.

In this guide, we’ll highlight the 10 fastest growing cryptocurrencies in 2024 and explain how we rank the fastest growing crypto coins.

The Fastest Growing Cryptos Reviewed

Want to know more about the fastest growing cryptocurrency tokens? We’ll explain just how fast each of these coins are growing and what makes them unique.

1. Tamadoge – Fastest Growing Cryptocurrency Right Now

Tamadoge is a brand-new cryptocurrency that’s growing rapidly and may be the hottest crypto to buy now. Since launching its crypto presale a few weeks ago, Tamadoge has raised nearly $2 million in token sales – the project’s initial goal before a 25% increase in the price of TAMA tokens during the presale.

Tamadoge is a new play-to-earn crypto game that builds on the ultra-popular doge meme. In this game, players can purchase NFT pets and then nurture them as they grow to adulthood. Once they grow up, pets can be battled against other players’ pets in the Tamadoge virtual arena.

Winners climb Tamadoge’s leaderboards and are rewarded with TAMA tokens, which can be used to purchase more NFT pets or to buy in-game upgrades.

What’s unique about TAMA is that it’s deflationary. For every transaction in the Tamadoge marketplace, 5% of TAMA tokens are burned and permanently removed from circulation. That means that as more players join Tamadoge, the supply of TAMA will diminish at an increasingly fast pace. For early investors, that has the potential to send the price of TAMA soaring.

Tamadoge’s crypto presale is continuing and the platform aims to launch its first NFTs later this year. Investors can check out the Tamadoge presale platform to buy TAMA with a credit card, Ethereum, or Tether.

2. Battle Infinity – Fastest Growing Crypto Coin for the Metaverse

Battle Infinity is one of the fastest growing cryptocurrencies for the metaverse in 2024. The platform launched one of the best crypto crowdsales just a few weeks ago. It blew threw its hard cap of selling 2,000 BNB worth of IBAT tokens – the native crypto of Battle Infinity’s ecosystem – in days and recently sold out its hard cap of 16,500 BNB. That means Battle Infinity raised more than $5.5 million in just a few weeks!

Investors are excited about Battle Infinity because the development team is working on building a multiverse for the metaverse. Within the Battle Infinity ecosystem, players will be able to join play-to-earn games created by Battle Infinity’s team as well as mini-games created by third-party developers. It will be an open-world experience where players will find plenty to explore.

This new crypto project is kicking things off with IBAT Premier League, a fantasy sports game built on the Battle Infinity metaverse. Players will assemble teams and compete to score the most points. Winners earn IBAT, which they can use at the Battle Infinity marketplace for upgrades or accessories. IBAT will also be used as the metaverse currency for games created by other developers.

With the presale closed, investors can look forward to Battle Infinity’s upcoming ICO and platform launch on PancakeSwap on 17 August 2022. Check out Battle Infinity’s site for more details about the project.

3. Lucky Block – Popular and Growing Play-to-earn Crypto Game

Lucky Block is another fast growing crypto coin and one of the cryptos with the most potential in 2024. The LBLOCK coin is the official cryptocurrency of the Lucky Block platform, a play-to-earn crypto game where players can earn prizes from multiple ongoing giveaways. Some of the prizes are cash or crypto, while others are NFTs, houses, luxury vacations, cars, and more.

There are actually 2 versions of the LBLOCK token in circulation. LBLOCK v1 is built on Binance Smart Chain and offers a portion of every cash giveaway as a reward to token holders. That means that simply holding LBLOCK v1 tokens can net investors money.

LBLOCK v2 is built on Ethereum and is one of the best new cryptocurrencies of 2024. It offers access to a much wider range of competitions and is based on the ERC20 standard, making it easily interchangeable with most other fast growing cryptos. However, the v2 coin does not offer cash rewards.

Since launching, the value of LBLOCK has exploded. The coin started at a price of $0.00093 before shooting all the way to more than $0.009 per token. While it’s since fallen along with the broader crypto market, LBLOCK received a boost from the release of the v2 coin in May. LBLOCK is likely to get another boost in a few months’ time when the bridge between LBLOCK v1 and v2 tokens is released by the development team.

LBLOCK is currently available on several major exchanges, including Uniswap. Check out Lucky Block’s site for ongoing competitions and to find out where to buy LBLOCK tokens.

4. FTX Token – Fast Growing Crypto for a Fast Growing Exchange

FTX Token (FTT) has skyrocketed in value as the popularity of the FTX crypto exchange has grown. From a market cap of just $550 million at the start of 2020, FTX Token has now grown to a market cap of more than $4 billion. At its peak in late 2021, FTX Token was worth nearly $9 billion.

FTX Token has grown so fast because of its utility for the FTX exchange. Using FTX Token for trades entitles users to reduced trading fees, and FTT can also be used as collateral for margin trades or loans. FTT can also be staked to earn interest, making it popular among long-term crypto investors.

Another benefit to FTT for investors is that token purchases come with a transaction fee, a portion of which is used to repurchase and burn FTT over time. This means that the supply of FTT diminishes to offset the new minting of tokens.

Cryptoassets are a highly volatile unregulated investment product.

5. Uniswap – Popular Crypto for the Largest Decentralized Exchange

UNI is the official cryptocurrency of Uniswap, the world’s largest decentralized crypto exchange. The UNI token is primarily a governance token, giving token holders a say over the future of the exchange. That includes a vote on issues such as whether Uniswap should buy back UNI tokens or distribute more of the exchange’s fees to token holders in the future.

The UNI token grew in value from less than $7 per token to more than $42 per token by mid-2021. It’s since fallen to around $9 per token because of the crypto winter reducing activity on the Uniswap exchange.

Despite this pullback, UNI’s value has been growing rapidly. In the last few weeks alone, the token’s value has grown by 150%. Uniswap’s market cap has grown by a similar amount, and the coin’s upward trajectory seems poised to continue.

Cryptoassets are a highly volatile unregulated investment product.

6. Polkadot – Fastest Growing Crypto Alternative to Ethereum

Polkadot is a fast-growing alternative to Ethereum that allows blockchains to talk to one another. It works a bit differently than Ethereum, using para-chains to process transactions so that the main blockchain isn’t congested. Whereas Ethereum is limited to around 15 transactions per second, Polkadot can process more than 1,000 transactions per second.

The DOT token is the native cryptocurrency of Polkadot and serves 3 key purposes: governance, staking, and bonding. DOT gives token holders a say in the blockchain’s future and allows them to earn rewards by validating transactions on the network. It also allows para-chains to be bonded to the main Polkadot blockchain or removed from service.

DOT launched in 2020 at a price of $2.90 per token before climbing to a peak of $52 per token at the end of 2021. The coin is now in the process of a fast rebound after hitting a low of nearly $7 per token during the market crash and has become the best crypto to buy on the dip.

Cryptoassets are a highly volatile unregulated investment product.

7. Binance USD – Fastest Growing Stablecoin

Binance USD, or BUSD, is a reserve-backed stablecoin created by the cryptocurrency exchange Binance. It’s designed so that 1 BUSD always equals 1 USD, and investors have the option to trade in their BUSD for dollars at any time.

BUSD has grown faster than many other competing stablecoins, including Tether (USDT) in the past year. The market cap of BUSD jumped from just $14.6 billion at the start of 2022 to nearly $18 billion today. While BUSD’s strong momentum appears to have cooled off for the time being, this is still one of the fastest growing cryptos of 2024.

Cryptoassets are a highly volatile unregulated investment product.

8. Aave – Fastest Growing Cryptocurrency for DeFi

Aave is one of the fastest growing crypto tokens in the DeFi realm. The Aave DeFi platform is designed to enable crypto borrowing and lending at low interest rates and using a fully transparent platform. Everything from collateral requirements to interest rates are fully visible and transactions on the platform are fully automated thanks to smart contracts.

The AAVE crypto token is the native coin of the Aave platform. It offers several advantages to Aave users, including waived fees for loans denominated in AAVE and reduced fees for loans in other cryptocurrencies when AAVE is posted as collateral. Aave also uses revenue from fees to buy back AAVE and remove it from circulation, keeping the price of the coin high, making it an exciting new crypto project.

Aave exploded in popularity in early 2021, sending the platform’s market cap from $1 billion to more than $6 billion in just 4 weeks. More recently, the AAVE token has been one of the fastest coins to recover from the crypto market crash. It’s now valued at $112 per token, up 50% from where it sat a few weeks ago.

Cryptoassets are a highly volatile unregulated investment product.

9. Fantom – Hot New Blockchain with Fast Growth

Fantom is one of the newest and fastest growing blockchains. It’s built from the ground up for speed, enabling hundreds of times more transactions per second than competing blockchains like Ethereum.

The FTM token, the native cryptocurrency of the Fantom blockchain, plays a central role in the Fantom ecosystem. FTM must be staked to validate transactions, but it’s also used to pay for network fees and is paid out to stakers as a reward for keeping the Fantom blockchain running smoothly. In addition, FTM serves as a governance token.

FTM exploded in value in 2021, jumping from $0.20 per token to more than $3 per token in just a few months. The coin was one of the hardest hit by the crypto winter, with prices falling to less than $0.25 per FTM. However, it’s been recovering quickly and is up nearly 50% in the past few weeks.

Cryptoassets are a highly volatile unregulated investment product.

10. Chainlink – Fast Growing Oracle for Blockchain Infrastructure

Chainlink is one of the most important and fastest growing blockchain oracle projects. A blockchain oracle is a platform that brings data that doesn’t exist on the blockchain – like stock prices or scores from sports games – onto the blockchain so that it can be used in smart contracts. As the prevalence and complexity of smart contracts have grown, so too has demand for Chainlink’s services.

That’s led to a fast rise in the value of LINK, Chainlink’s native cryptocurrency. LINK is required to pay for Chainlink’s data fees, so the coin’s value grows in tandem with the demand for Chainlink’s oracle service.

LINK’s market cap grew from $633 million at the start of 2020 to more than $20 billion in mid-2021. Today, LINK’s market cap sits at $4 billion, suggesting this may be one of the best cryptos to buy during the crash. LINK’s price has grown rapidly in recent weeks, climbing 30% in the last month.

Cryptoassets are a highly volatile unregulated investment product.

How We Determined the Fastest Growing Cryptos

There are many different ways to rank the fastest growing cryptocurrencies. Investors could look only at price growth or only at market growth, or include a variety of different factors. Here are the key factors we considered when choosing the fastest growing cryptocurrency tokens for 2024.

Supply

The growth in the supply of a cryptocurrency is a strong indicator of how much that cryptocurrency is being used. Most crypto projects have built-in mechanisms that increase supply in response to spikes in demand, therefore keeping the value of the coin more stable.

Increasing supply also makes more coins available for new users, thus helping a cryptocurrency to expand further and faster.

Popularity

It’s hard to grade a coin’s popularity in an exact way, but popularity plays an important role in how quickly a crypto project grows. Some crypto projects experience brief spikes in popularity that send prices soaring, while others experience more consistent popularity that fuels steady growth over time.

For our analysis, we looked for coins that have proven popular to be a long term crypto investment but that are also seeing spikes in their popularity right now.

Market Cap Growth

One of the best ways to characterize fast growing cryptocurrencies is to look at their market capitalization. This is a measure of the total value of coins in circulation. Market cap growth often follows price growth, but the two may be different if coins are being added to or removed from the circulating token supply.

Utility

A big part of what drives coins to grow quickly is their utility. Many of the coins we reviewed have multiple roles, including governance, staking, and fee reduction. This combination of utilities attracts a broad base of investors, making a cryptocurrency more popular and fueling a fast growth rate. That’s what Tamadoge has focused on to ensure it’s not just another meme coin.

Coins that don’t have much utility may see brief spikes in value, but they’re unlikely to sustain a fast growth rate over the longer term.

Staking Options

Coins that can be staked tend to grow more quickly than those that cannot be staked. There are 2 reasons behind this.

First, proof-of-stake blockchains that use staking to validate transactions are growing in popularity. They also offer higher speeds than proof-of-work blockchains like Bitcoin and Ethereum, making them more useful for dApp development.

Second, coins that can be staked offer staking rewards or crypto interest for investors. These rewards serve as an incentive for investors to buy a token, thus fueling a cycle of price gains and further adoption.

Are Move-to-earn Crypto Projects the Next Big Thing?

Move-to-earn crypto projects offer users a chance to earn crypto for working out or completing active tasks like walking or jogging.

Move-to-earn crypto projects like STEPN, MetaGym, and SweatCoin have been extremely popular recently. These projects have attracted a lot of attention from both seasoned investors and newbies looking for beginner crypto assets to buy.

It’s difficult to say whether move-to-earn crypto projects are a long-term crypto investment or whether they’re just a fad. These projects have generally seen their valuations fall along with the rest of the crypto market, but that doesn’t mean they won’t recover quickly. At the same time, the barrier to entry for some of these projects can be high since users need to purchase expensive NFTs to play and earn.

Investors who are interested in move-to-earn crypto projects may want to check out some of the top play-to-earn crypto games. Tamadoge, Battle Infinity, and Lucky Block all offer play-to-earn crypto games with fast growing tokens that look set to keep gaining popularity.

Conclusion

The fastest growing cryptocurrency offers potential for investors to get in early at the beginning of an extended upswing in prices. Two of the fastest growing cryptos to check out in 2024 are Tamadoge and Battle Infinity. Both have had hugely successful presales and look poised to continue growing in value at a rapid pace.

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