2022 Top 12 Fastest Growing Crypto Companies
Top 12 Fastest Growing Crypto Companies
Cryptocurrency is a digital financial asset that can circulate without being monitored by the central authority of a state. Currently, there are many different cryptocurrencies; therefore, you can be overwhelmed when it’s your first time in the crypto world. It is therefore essential to know the fastest-growing cryptocurrencies to invest better. The piece below shows the top 12 fastest-growing crypto companies.
1. Bitcoin (BTC)
It was created in 2009 by Satoshi Nakamoto as the original Cryptocurrency. It runs on a blockchain of transactions distributed across a web of many thousands of computers. Bitcoin is kept safe and secure from fraudsters because it must be verified by solving a series of the cryptographic puzzle, a procedure known as proof of work. Currently, Bitcoin is being accepted as a mode of payment through crypto-wallets in most financial organizations. Bitcoin’s price has escalated because it is now the base of Cryptocurrency. In 2016, you could purchase Bitcoin for $500. Its current price is $19,400. The market cap of Bitcoin is $370 billion.
2. Ethereum (ETH)
It is both a blockchain platform and a Cryptocurrency. Ethereum is the favorite of programmers because of its possible applications. It has unveiled Ethereum 2.0, which is now the fastest-developing digital currency in the volatile decentralized money market. Ethereum 2.0 is a clean version of Ethereum that can now compete against others and attract multiple crypto investors. Ethereum’s tremendous growth is about a 9,509% increase from $11 in 2016 to $1,057 in 2022.
3. Dirticoin
It is a transmutable digital currency whose value and stability can be similar to real estate. Dirticoin’s value is habitually backed by the value of real property or a real property-related instrument that the Company clenches. Usually, at the start, the asset ratio of real estate to Dirticoin is low, but the Company will move faster to achieve a target ratio of around 65% (+/- 15%).
A real estate’s valuation is primarily safe from volatility; any changes that might occur to price are gains. Therefore, the real property bought to back the value of Dirticoin will be purchased by other significant investors in multiple markets. Dirticoin can be termed a deflation currency because its buying power increases significantly compared to inflation. Similarly, the Dirticoin supply is supervised by the coin holders. Any change to the Dirticoin requires a majority vote by the DirticoinDAO.
4. Solana (SOL)
It is an emerging Cryptocurrency for investors who invest in crypto wallets. It is the typical competitor of Ethereum, with an ability to transact over 50,000 settlements per second. Therefore, crypto investors are being attracted by Solana, which has a market cap of over $ 11 billion. It is best known for offering crypto contracts to digital wallets.
5. Binance Coin (BNB)
It has maintained its position among the fastest-growing crypto investments in digital wallets due to its famous Binance Exchange platform. It was launched in 2019, and since then, it has helped to create a competitive advantage in the Cryptocurrency venture. Binance Coin’s popularity is multiple payment methods, escrow service protection, and zero trading fees. BNB’s market cap is $35billion.
6. Cardano (ADA)
It is now gaining its spot among the fastest growing cryptocurrencies due to its Proof-of-stake system. It is well energy efficient and more scalable than the top Cryptocurrency. Cardano has a layered architecture, 20 transactions or more per second, a higher degree of distribution, and ouroboros Pos. It has had significant growth; in 2017, Cardano’s ADA token was $0.02. Now it is $0.44.
7. Dogecoin (DOGE)
It started as a weak venture in 2013 but rapidly developed due to social media buzz; what made it more popular is the freedom of creating Dogecoins with no limits. It is therefore subject to devaluation as the supply of coins increases.
8. XRP (XRP)
XRP was established by Ripple’s founders, a digital payment processing and technology company, and one can use it to expedite the exchange between different currency types. Its value grew from $0.006 to $0.31, a rise of 5,066% between 2014 and 1st July 2022. XRP has a market cap of $15 billion.
9. Tether (USDT)
Compared to other digital currencies, Tether is a stable coin because it is backed by significant currencies such as the Euro and the U.S dollar. Its value syncs between these denominations. It means that Tether’s value is more consistent than any other form of Cryptocurrency. It is habitually favored by investors willing to avoid volatility experienced in other coins.
10. Shiba Inu
It is also among the fastest-growing digital currencies, with a high expectation of good performance in 2022. It was successfully ranked among the top 12 digital coins within a short period. Its team has embarked on providing more value to the coin with Doggy DAO or ShibaSwap.
11. Avalanche
It is attracting the attention of many crypto investors in highly volatile merchandise. Avalanche’s launching was in 2020 and has developed at a first-rate, ranking it in the top 12. Avalanche’s fast growth is pioneered by its high speed, compatibility, and scalability. It is known for processing more than 4,500 settlements per second efficiently.
12. Centcex
It is a new and the fastest-growing Cryptocurrency. It is considered better than digital currency giants Bitcoin and Ethereum. Centcex is getting attraction by millions of crypto investors due to its enhanced security and usability. The coin-base provides 100% APY of the proceeds with its extended product range.
