10+ Fastest Growing Cryptocurrency Projects of 2024

The cryptocurrency industry is clearly growing at an immense pace and has gained most of its momentum in the past couple of years. Since blockchain technology and the potential of cryptocurrencies have become more mainstream, the demand for projects that materialize utility has increased and is reaching a wider audience too. However, it cannot be stated that one can blindly buy any crypto and hope to earn profits in the future.

Depending on the market trends, conditions and use cases, projects emerge and fizzle out every now and then. However, one of the best times to follow and invest in cryptocurrencies is when they are in the process of growing and becoming known to the wider community. Thus, growing cryptocurrencies essentially end up being some of the wisest and most profitable assets for a majority of the investing citizenry.

In this guide we have compiled a list of the fastest growing cryptocurrencies that would be a profitable addition to anybody’s portfolio if they are looking to invest in assets that could potentially shoot up in terms of price.

Fastest Growing Cryptocurrency Tokens – Overview

Fastest Growing Cryptocurrencies – Full Reviews

While some of the projects above are new and some are well-established with a large market cap, all have a high potential for growth. Here is a detailed review of each of our picks for the fastest-growing cryptocurrency projects:

Sei – High Growth Crypto With a Focus on Decentralization

Sei is a Cosmos-based layer-1 blockchain that aims to revolutionize digital asset trading, particularly in the decentralized exchange (DEX) ecosystem. Unlike centralized exchanges, Sei prioritizes speed and ease of trading while maintaining the security and decentralization of blockchain technology.

The platform’s asset and application-agnostic approach enables access to thousands of tokens across different blockchain applications, making it a versatile ecosystem for decentralized finance (DeFi), non-fungible tokens (NFTs), and Game Finance (GameFi) transactions. This breadth of offerings has earned Sei the moniker ‘Decentralized NASDAQ.’ To address the Exchange Trilemma, Sei employs a Twin Turbo consensus mechanism powered by the Cosmos SDK and Tendermint Core, ensuring optimal performance in speed, security, capital efficiency, and decentralization for decentralized trading apps.

Backed by notable figures like Jeffrey Feng, Dan Edlebeck, and Jayendra Jog, Sei has attracted significant investments, including $30 million in two strategic funding rounds and an additional $50 million led by Foresight Ventures. The platform’s native token, SEI, facilitates transactions, staking, and ecosystem incentives, driving its rapid adoption and impressive market performance. With a current price of $0.7 and a market capitalization of $1.7 billion, SEI has demonstrated significant growth potential, leading many to anticipate further gains in the near future.

Polygon – Fastest Growing Cryptocurrency in the Defi Space

This project gained global recognition and hosts a token that has already seen exceptional returns in the past two years. However, its potential for growth is what makes Polygon a part of this list. The project is known by the wider community as one of the most promising cryptocurrencies in the space and is also among those cryptos that boast massive communities.

Polygon was initially launched as the Matic Network in 2017. It was founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, who had substantial experience in the blockchain space already, using their expertise to build the fastest growing cryptocurrency project to come out of India. Polygon aims to be the best Ethereum scaling and infrastructure development initiative. Its core component consists of the Polygon SDK, which is a flexible and modular framework that can efficiently build a variety of applications with ease.

Optimistic rollup chains, ZK rollup chains, stand-alone chains, and any other type of infrastructure needed by the developer can all be created using Polygon. Ethereum is basically converted by Polygon into a complete multi-chain system (aka Internet of Blockchains). The native token of Polygon (MATIC) is one of approximately the top 10 cryptocurrencies by market cap (cnrrently 11th) and was among the top gainers during the 2021 bull run. Investors expect the same to happen again and have been buying the asset in huge quantities for the same reason even during this crypto winter.

Polkadot – Growing Ecosystem-based Project

Created by one of the co-founders of Ethereum Gavin Wood, Polkadot is a highly innovative project which is currently, seeing an increase in engagement on a regular basis. The main idea behind Polkadot is to create a “web of blockchains” where different blockchain networks can interact with each other in a seamless and secure way. This is achieved through a unique architecture called the “relay chain,” which acts as the central hub for the different blockchain networks connected to it. The relay chain is responsible for maintaining the state of the entire system and ensuring that transactions are properly propagated between the different networks.

One of the key features of Polkadot is its ability to support multiple types of blockchains, including those that are optimized for different types of workloads. For example, a blockchain that is optimized for high-throughput and low-latency transactions can be connected to the Polkadot network, while another blockchain that is focused on privacy and security can also be connected. This allows for a more diverse and flexible ecosystem of blockchain networks.

It is also designed to be more scalable than traditional blockchain networks, and it uses a mechanism called “parachains” to achieve this. Parachains are blockchain networks that are connected to the Polkadot network, but they are able to run in parallel with each other, rather than having to compete for resources on a single chain. This means that the overall capacity of the Polkadot network is much greater than that of a traditional blockchain network.

Polkadot’s DOT token is the asset that needs to be staked for being a part of the parachain auctions and is therefore a high-demand crypto by the retail investors too. It had a good price action in 2021, and investors expect the same again as the market turns green again.

Verasity – Growing Project Which Solves Ad-Issues

The whole point of a cryptocurrency project or the blockchain domain as a whole is to somehow solve real-world problems or enhance certain aspects of technology or commerce. Verasity is one of the best options when it comes to the advertisement scam issue faced throughout the world.

The platform aims to provide a decentralized, transparent, and fair way for content creators to monetize their content, and for users to be rewarded for their engagement with that content.

One of the key features of the Verasity platform is its “Proof of View” (PoV) system, which is a consensus mechanism that ensures that advertisers only pay for legitimate views of their ads. The PoV system uses a combination of blockchain technology, smart contracts, and a custom-built plugin that runs on the viewer’s browser. This plugin records the viewer’s engagement with the content and sends this information to the blockchain, where it is used to calculate the advertiser’s payments to the content creator.

Verasity also has a built-in reward system that allows users to earn VRA tokens by engaging with content, such as by watching videos, commenting on them, or sharing them on social media. Users can then use these tokens to make purchases within the Verasity ecosystem, such as buying premium content or paying for ad-free viewing. The VRA token has amassed a massive fanbase, and its popularity is evidently seen across various social media platforms as well.

Due to all these impressive advancements and utility, it is very likely that VRA could see a drastic increase in price in the coming months and cement its position among the fastest growing cryptocurrency projects.

Enjin – Fast Emerging Gaming Project in 2024

The blockchain gaming industry was a highly successful category within the crypto sector in the past couple of years. P2E games and similar concepts gained a lot of traction, and continue to do so. It only makes sense that projects that could potentially enhance the experience for such games and categories will also gain popularity.

Maxim Blagov and Witek Radomski developed Enjin in 2009 as a platform for a gaming community. However, it grew to be a highly sought-after project within the gamefi space due to its excellent set of features and utility. It is essentially a blockchain-based platform that allows for the creation, management, and exchange of virtual goods. It uses the Enjin Coin (ENJ) as its native cryptocurrency, which is used to back the value of the virtual items created on the platform.

Enjin’s technology is designed to be used in a wide range of applications, including gaming, collectables, and NFTs. Its use of smart contracts allows for the creation of unique and verifiable virtual items that can be bought, sold, and traded with confidence. Additionally, Enjin provides a suite of tools and resources to help developers integrate blockchain technology into their games and applications. It has been also widely used in NFT creation, gaming and virtual reality marketplaces. Built on the Ethereum blockchain, Enjin is an open-source and decentralized platform.

The ENJ token is sure to have a huge demand since the entirety of Enjin is supposed to be powered by its native token. Investors looking for quickly growing cryptocurrencies should definitely consider ENJ as a viable investment option.

Wall Street Pepe – Meme Coin that Could Mirror’s Pepe’s Growth

Meme coins have a remarkable ability to grow fast in a short period, often capturing attention with their viral appeal and explosive gains. However, this growth is often fleeting, with many projects struggling to sustain their momentum. In contrast, assets that grow quickly and maintain their trajectory for years are the ideal—but rare—exceptions. Wall Street Pepe is one of the fastest growing crypto projects today, with a unique edge: its use cases could extend its growth far beyond the typical meme coin lifespan.

Wall Street Pepe’s use cases are thoughtfully designed to foster long-term value while creating a strong community foundation. Through trading rewards, staking with dynamic incentives, and access to the exclusive WEPE Army, the token unites its holders under a shared mission. The trading rewards, in particular, act as a unifying factor, encouraging collaboration and empowering the meme coin community to grow collectively rather than leaving gains to a select few.

On the surface, Wall Street Pepe’s imagery embodies the humor and relatability that drive short-term success in the meme coin space. Its mascot represents the everyman striving for success, a theme that resonates deeply with investors. Combined with the potential for significant price movement after listing, Wall Street Pepe can potentially mirror the meteoric rise of its predecessor, PEPE, while adding depth through its practical use cases.

Meme coins are known for their rapid growth, but that growth often fades quickly. Wall Street Pepe, however, is in a unique position to defy this trend. With its blend of viral potential, relatable imagery, and sustainable use cases, it has the foundation to make its fast growth last far longer than most projects in the meme coin space.

Best Wallet Token – Fastest Growing Crypto of a Fastest Growing Crypto Wallet

Best Wallet Token is one of the fastest growing cryptocurrencies on the market thanks to being native to the fastest growing crypto wallet. The crypto wallet has gained a lot of attention as of late, finding its way into the top options through which to participate in leading crypto presales.

Upon closer inspection, it is revealed that this particular crypto project does not only focus on providing people the ability to buy and sell tokens, but also provides them with other perks that include but are not limited to lower transaction fees, higher staking perks, and more.

The wallet has gone through many evolutionary stages, and the latest one has created a new utility that allows users to participate in token ICOs before they are made public.

The token has also generated interest due to the way it has launched already. Users can participate in its private sale, as long as they have downloaded the Best Wallet. This will make the 1st stage of 100 stages to come. Once the token is available in the private sale, it will be exposed to a wider audience, allowing the token to grow faster.

The interest that it is able to generate during the presale will funnel into how it fares once it goes live on cryptocurrency exchanges.

Catslap – Click-to-Slap Meme Coin Project Surging in Popularity

Catslap with its strong launch and intriguing click-to-slap gamification has quickly emerged as one of the fastest growing crypto projects in the meme coin industry. The platform’s main premise is a browser-based game that lets users virtually “slap” Pepe the Frog, assuming the 2024 fan-favorite slapping cat meme avatar. Each click is recorded in a country-by-country total, giving a competitive, global edge to the game.

With a perfect score of 99/99 on DexTools, the project has risen to the top ranks in no time. SolidProof’s smart contract audit verified its strong technical base, and the Ethereum token appears to be checking all the right boxes. Another USP is the strong, zero-tax tokenomics framework. Half of the 9 billion tokens currently in circulation are locked for Uniswap liquidity for 60 days. The remaining half are set up for functional areas such as community rewards, staking, development funds, and team allocation.

These distinctive and alluring qualities, together with Trump’s election as a pro-crypto candidate, have contributed to the project’s rapid growth. As of this writing, the price of the $SLAP token has increased by more than 3000% since its launch, and the project has also gained much traction on social media. Investors better keep a close eye, as some analysts forecast a 100x price increase for the token in the future. Early indicators and the current momentum point in the same direction.

Flockerz – Trending Memecoin With a Growing Community

Flockerz has managed to position itself as one of the fastest-growing cryptos, and the numbers speak for themselves. In less than two weeks, the project’s presale has raised over $360,000, signaling strong demand and interest from the broader crypto community. This impressive fundraising effort is an early indicator of the momentum Flockerz has built in such a short period, making it a standout among recent launches.

But the growth of Flockerz isn’t just about numbers—it’s also about community engagement. The project’s social media channels have seen a surge in activity, with growing followings on platforms like Twitter and Telegram. The community’s enthusiasm is driven in large part by the project’s unique combination of a captivating narrative, high staking rewards, and decentralized governance. Members are actively participating in conversations, sharing their excitement, and helping to spread the word, which has been key to the rapid expansion of Flockerz’s social footprint.

The “Vote to Earn” feature is another driving force behind the community’s growth. It allows every token holder to have a say in the project’s evolution, making the governance process both inclusive and rewarding. This mechanism aligns well with the community’s desire for involvement, ensuring that everyone has a voice while also being rewarded for their contributions. The staking feature, offering an APY of 7000%, adds yet another layer of appeal for those looking to grow their investment, further fueling the rapid interest in Flockerz.

Built on both Ethereum and Binance Smart Chain, Flockerz offers accessibility and flexibility, catering to a diverse set of users. Given its growing popularity, the project can be expected to be a top gainer in the future, investors speculate.

How to Pick Out Fast Growing Cryptos

There are multiple factors that determine whether crypto can indeed help the investor make profits. While some of them may be valid only under certain conditions, many of them are constant. These factors that are valid under certain conditions could include things like ongoing trends, which could be subject to change at any point in time.

However, these are some of the most important things to keep in mind while considering investing in a fast growing cryptocurrency project:

Usecase

Does the project actually feature a use case or utility in general which could lead to it being adopted by the masses? This is one of the first questions an investor must ask themselves. If the said project aims to solve some issue faced by a huge number of people then they will automatically have an urge or need to use it. Alternatively, an interesting element could also act here as a catalyst for mass adoption. The project must have a unique USP, which could cause the inventions citizenry to look at it as an innovative product.

Security

A cryptocurrency is an asset of value, which means that money is involved. It is imperative that any project chosen has top security features. A simple way to get started with analysing a project’s security is to check if the team is verified or if the contract code has been audited by reputed organizations.

Track the growth and wallet activity of the token as well, as this will give you an idea of how and when funds are moved from the project’s wallet to someone else’s, which could imply risk. If there is unnatural activity within the company wallet, then it may hold the risk of being a scam.

Trends

The crypto market is still in its infancy, which means that prices may get dictated due to ongoing trends as well. It is important to be aware of the type of altcoins traders and retail investors are most interested in at any given time to be able to make strategic investment decisions.

Popularity

While this shouldn’t ideally be a major factor, in a practical sense, the popularity of a project indirectly affects its demand and price. Naturally, a good project will gain popularity in a very short span of time too. So it shouldn’t be difficult to spot a good project. However, this changes if the initiative in question is a comparatively newer one.

In such cases, look for dedicated social media handles. They will give you a better idea of the organization’s activities and engagement with its community. Also see our guide to the most popular cryptocurrencies this year.

Age

Newer cryptocurrencies or smaller tokens hold comparatively higher risk, but may also reap massive profits. On the other hand, massive projects with huge market caps could be an easier pick since they offer more stability. But the best course of action for any investor at any given point in time is to simply filter through the other factors and invest in good projects. They can allocate their funds according to their risk appetite, and potentially see great returns irrespective of the market cap or overall size or age of the project.

Check out our guide to learn about the fastest-rising crypto sectors this year.

Conclusion

Every project mentioned in the article has been recommended by us based on the factors we listed above. While they may be in their presale phase or relatively older projects, it is still a wise choice to park funds into almost any of them since each cryptocurrency holds utility and could potentially gain immense value. However, we still recommend you do your due diligence before stocking up on any of the cryptocurrencies mentioned above.

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