It is no longer news that the global cryptocurrency financial market is doing well with lots of different cryptocurrencies joining monthly. Some of these cryptocurrencies blossom due to their ability to provide real-world solutions, and not only that, most have effective marketing campaigns that promote them.
What is the fastest growing cryptocurrency of 2022 happens to be one of the major questions many ask. It is understandable since buying the right coins at the right times has the potential to perform just like Bitcoin (BTC).
So to help our readers, we researched and presented the fastest-growing cryptocurrencies of 2022 based on their market capitalization and the potential of giving profit to investors in the future.
What Are Cryptocurrencies?
Cryptocurrencies are digital assets with the potential of circulating without the centralized authority of the government or a bank. Currently, there are over 20,000 cryptocurrency projects in circulation that represent the over $950 billion crypto market worldwide.
The Fastest Growing Cryptocurrencies of 2022
FTX Token (FTT)
FTX Token is one of the tokens that’s similar to BNB, and also the native currency of FTX exchange. The interesting thing is that it has been in a strong bull trend against Bitcoin ever since late 2019.
Those who own FTT receive a fee discount when they trade on the platform and those staking FTT have the opportunity of receiving a maker rebate whenever they start trading on derivatives pairs.
Mr. Sam Bankman-Fried, who happens to be the CEO of FTX, is one of the youngest billionaires. And according to Forbes, he is valued at $22.5 billion in 2021.
Many people who are investing now see FTT as one of the safest assets to invest their money in the long term based on their CEO’s wealth, and success. And not only that, the owner of FTX is having his fingers in many crypto projects across the cryptocurrency markets.
Fantom (FTM) happens to be one of the coins that’s fully compatible with Ethereum. You can deploy your dApps at a fraction of the cost, and you can then experiment with Fantom’s high performance.
This coin’s code is completely open-source. This means that anyone can read it, comment on it, check on the progress, and help in building the ecosystem.
Anyone can make use of the Graph’s subgraphs and Fantom’s robust Web3JS APIs to develop wallets, explorers, or data analysis tools. Fantom is one of the fastest-growing cryptocurrencies for 2022.
Here’s one coin that just came to the crypto scene, Cardano (ADA) is well known for its early embrace of proof-of-stake validation.
It has a pattern of escalating transaction time and minimizing energy usage and the impact on the environment by taking off the competitive, problem-solving areas of transaction verification in places such as Bitcoin.
This coin also works like Ethereum giving you the ability to use smart contracts and decentralized applications, and its native coin is ADA.
In case you don’t know, Cardano’s ADA token has grown modestly when compared to other major crypto coins. Sometimes in 2017, ADA’s price was just $0.02. But the current price is more than $0.44. with a market cap of $14 billion and this simply shows there’s a significant growth of 2,100%.
One of the fastest-growing cryptocurrencies for 2022 right now is Tamadoge. This is another amazing token that has just sold out raising more than $19 million in less than eight weeks of listing. By doing this, Tamadoge has become one of the best and fastest-growing cryptos of 2022.
TAMA tokens have a high demand, which means that the token is set for huge future growth in the crypto space. Currently, it has been listed on the centralized and decentralized exchanges of OKX.
Even though there is general bear market sentiment, TAMA has continually attracted new crypto investors.
The two crypto giants also purchased their share in the project just before the presale ended, making them spend 55.8ETH and 40ETH, respectively.
Solana (SOL) was designed to help in powering decentralized finance (DeFi) usage, decentralized apps (DApps), and smart contracts. SOL runs on its unique hybrid proof-of-stake and proof-of-history mechanisms that procures transactions faster and more securely than most in the crypto world.
SOL happens to be Solana’s native token, which also powers their platform. SOL was launched sometime in 2020, its price started at $0.77. and after a few months, its price reached a whopping $33.72, which is a profit of nearly 4,279%.
There are lots of factors that can influence the fastest-growing cryptocurrency for 2022. It could be the number of investors buying a particular token in huge quantities, having a diverse range of strong assets, or having large communities demanding it to be used in a platform that accepts it.
No matter what, the cryptocurrencies offered here have the best chances of rapid growth in the future. Note that Cryptos that have fast impulsive moves that don’t have any building support, can crash just fast as they grow.
So it is recommended that you carry out your due diligence before you invest in any particular cryptocurrencies.