10 Fastest Growing Cryptocurrencies in 2024

Numerous crypto projects are added to the blockchain every day, but many fizzle out due to lacking utility. Some cryptocurrencies blossom because they provide real-world solutions and are accompanied by effective marketing campaigns.

We scoured the market and found the fastest growing cryptocurrency. Successful cryptocurrencies have provided significant returns to investors, so we highlighted some projects that may prove to be worthwhile investments.

Let’s analyze the different cryptos with fast growth and determine their potential.

The Top Fastest Growing Cryptocurrencies Right Now

Our research has led us to conclude that the following cryptos have demonstrated tremendous growth:

1. Smog (SMOG) – Overall the fastest growing crypto with a 42% staking APY and a massive airdrop.
2. Sponge V2 (SPONGE) – Upgraded $SPONGE with guaranteed stake rewards for four years, 100% bonus on $SPONGE.
3. Bitcoin Minetrix (BTCMTX) –Stake-to-mine crypto offering tokenized cloud mining credits. Raised over $10 million.
4. Meme Kombat (MK) – Meme crypto with battle arena, fights with meme coin avatars, up to 125% staking APYs.
5. Scorpion Casino (SCORP)  – Crypto casino and betting platform providing passive income. Raised over $3.4 million.
6. Polygon (MATIC) – An Ethereum-compatible network providing layer 2 scaling solutions.
7. Solana (SOL) – Smart contract platform with high transaction speeds, capable of handling 5,000-10,000 TPS.
8. Decentraland (MANA) – Leading metaverse ecosystem, use $MANA to buy virtual land and participate in DAO.
9. Ripple (XRP) – An efficient cross-border payments solution partnering with banks.
10. The Sandbox (SAND) –  This is a popular metaverse and asset-building game with an expanding user base.

Fastest Growing Crypto Reviews

Most traders looking for ways to make money with cryptocurrency will be on the hunt for the fastest growing cryptos in 2024.

Now that we’ve listed the cryptos with the fastest growth, let’s get into their details to find out the mechanics behind the projects.

1. Smog (SMOG) – Fastest Growing Crypto With High Staking Rewards

Smog ($SMOG) is currently the fastest-growing crypto launched on the Jupiter DEX on 7th February. Its value surged from $2 million to $65 million in just one week, marking a growth of over 3000%.

The platform has gained much traction due to its attractive airdrop campaign and high staking options, offering a 42% APY with a 90-day lock-in period to encourage long-term holding.

Moreover, aiming to rival famous meme coins like Pepe and Bonk, Smog has launched the “Greatest SOL Airdrop” campaign, distributing 490 million of its 1.4 billion token supply as community rewards.

This encourages token holders to earn airdrop points through active engagement in social media and on-chain activities, ensuring fair token distribution.

Smog’s fair launch strategy without a presale ensures equal access for all investors, boosting its trustworthiness. With 50% of its supply allocated for marketing and 35% for airdrop rewards, Smog is focused on building a strong, active community.

The project’s plans for cross-chain expansion and upcoming exchange listings are expected to increase its accessibility and liquidity.

Users interested in Smog’s potential and high staking rewards can find detailed information in its whitepaper and stay updated through its Telegram group.

Visit Smog

2. Sponge V2 – A Hot New Version Of Sponge With High Staking Rewards And A P2E Game

Sponge V2, following its predecessor’s success, is a highly promising meme coin with a history of massive growth.

Initially launched in early 2023, Sponge saw a meteoric rise in its market cap, achieving 100x gains and securing listings on top exchanges like Gate, MEXC, and Poloniex.

With a community of approximately 30,000 followers on X (Twitter) and an active Discord and Telegram group, Sponge V2 aims to increase engagement with better utility in 2024.

Key Developments:

• Stake-to-Bridge Model: Sponge V2 has a Stake-to-Bridge mechanism, allowing an easy transition from SPONGEV1 to SPONGEV2. This model involves staking SPONGEV1 tokens, which are locked and exchanged for SPONGEV2 tokens. This process is designed to create long-term community investment.
• Play-to-Earn Game: A key addition to the Sponge ecosystem is the Sponge Racer P2E game, leveraging the SPONGEV2 token for in-game transactions and earnings. This game development aims to improve the utility and appeal of the token.
• Community and Exchange Listings: Sponge V2’s strategy includes potential listings on Tier-1 exchanges such as Binance and OKX, a move that could replicate the success of other meme coins.

Sponge V2’s total token supply is capped at 150 billion, with a significant allocation for staking rewards and the P2E gaming ecosystem. This distribution strategy incentivizes active participation and increases the token’s utility.

Investors participating in the presale can double their holdings by purchasing SPONGEV1 tokens, which are automatically staked and converted to SPONGEV2, with staking rewards offered for four years.

Visit Sponge V2

3. Bitcoin Minetrix (BTCMTX) – Earn Cloud Mining Credits with this Stake-to-Mine Crypto

Bitcoin Minetrix

($BTCMTX) is a new cryptocurrency that adopts a revolutionary stake-to-mine mechanism – allowing individuals to access crypto mining power in a cost-effective and transparent manner.

Individuals can access rented mining times without the hassle of purchasing mining equipment through a process known as cloud mining. However, the centralized companies that allocate mining time often engage in dubious activities to scam investors. Bitcoin Minetrix is decentralizing this process by recording cloud mining credits as ERC-20 tokens on the blockchain.

Thus, user’s have autonomy and cannot be scammed out of their holdings. To earn the cloud mining credits, users must buy and stake $BTCMTX tokens. The tokens can currently be purchased via the Bitcoin Minetrix presale. $BTCMTX is priced at $0.013 during the ongoing presale round.

After purchasing $BTCMTX, token holders can stake their assets on an Ethereum-powered smart contract to generate the ERC-20 cloud mining credits. While these tokens cannot be traded, Bitcoin Minetrix allows users to burn the token to acquire Bitcoin cloud mining power. The mining power is used to earn a portion of crypto and Bitcoin mining revenues.

So far, Bitcoin Minetrix has already raised over $9.4 million since the presale launch. From a low supply of 4 billion tokens, 2.8 billion are allocated for the presale. This gives investors ample opportunity to enter the presale before the exchange listing takes place.

This crypto is also selling out at a rapid pace due to the passive income-earning opportunities. By staking $BTCMTX – one can also earn annual yields as high as 70%. Read the Bitcoin Minetrix whitepaper and join the Telegram channel to stay updated with this new crypto presale.

Presale Started	26 Sept 2023
Purchase Methods	ETH, USDT, BNB
Chain	Ethereum
Min Investment	$10
Max Investment	None

4. Meme Kombat – Fight with Meme Coin Avatars on a Battle Arena, Earn 125% in Staking APYs

A meme cryptocurrency that offers multiple use cases – Meme Kombat ($MK) has been soaring since the start of its presale. This platform leverages artificial intelligence to offer users with an immersive battle arena.

On the battle arena, users can fight other players by leveraging various meme coin avatars. The Meme Kombat whitepaper states that the battle arena will be released in different seasons. The first season will be launched after the end of the $MK presale and will feature 11 meme coin characters.

Players can fight other friends through the Player vs Player mode and up the stakes by wagering $MK tokens on battles. Tokens can also be wagered on Player vs Game modes, and other live battles taking place on the ecosystem.

Priced at only $0.279 on presale, Meme Kombat has allocated 60 million tokens from its total 120 million supply. Investors can also stake $MK on the staking contract and earn APYs as high as 125%.

Since the start of the presale, this new project has raised a whopping $7.4 million.

Another 30% of the token supply will be allocated through staking and battle rewards. 10% of the supply will be offered through community rewards, and the remaining tokens will be allocated for the DEX listing.

Go through the Meme Kombat Telegram channel to stay updated with this new cryptocurrency.

Presale Started	21 Sept 2023
Purchase Methods	ETH, USDT, BNB
Chain	Ethereum
Min Investment	$10
Max Investment	None

 

5. Scorpion Casino – A Fast-growing Crypto Casino and Betting Platform

With the widespread accessibility offered by the internet, sports betting and casino platforms are experiencing a steady rise in popularity. However, these platforms currently rely on centralized technologies, which come with various limitations.

Fortunately, blockchain technology presents a solution by introducing fairness and transparency into the equation. Scorpion Casino is actively leveraging blockchain to achieve precisely this objective – over $1m has now been raised in the presale.

The ecosystem of Scorpion Casino revolves around three core elements: the Scorpion Casino platform, the affiliate system, and the SCORP token. The platform itself is a licensed cryptocurrency-based betting and casino platform. In parallel, the affiliate system operates as a referral and reward mechanism, while the SCORP token plays a pivotal role as a governance and reward token for users.

Scorpion Casino presents an extensive collection of games, featuring over 200 casino games and 160 live games. These games are licensed and undergo rigorous, fair play verification, ensuring a trustworthy and reliable gaming experience. Players can enjoy popular titles such as slots, blackjack, roulette, poker, and a captivating selection of live casino offerings.

The casino has established partnerships with major providers, including Evolution, NetEnt, Play N Go, Novomatic, EGT, and AMATIC. Additionally, sports enthusiasts can immerse themselves in a diverse range of sports betting options, encompassing football, tennis, American football, horse racing, basketball, golf, boxing, and MMA.

Within the ecosystem, the SCORP token holds a central position, offering users four notable benefits. Firstly, it serves as the exclusive payment method within the ecosystem. Additionally, token holders have the opportunity to earn passive income through their token holdings. The token also unlocks weekly bonuses and free games, enhancing the overall user experience. Moreover, the SCORP token plays an integral role in the affiliate system, contributing to its functionality and success.

Scorpion Casino provides enticing benefits to attract more users, such as the opportunity to earn up to $10,000 in daily passive income by holding SCORP tokens. Users can also enjoy additional rewards starting at $1,000 and gain access to the Elite Scorpion Members Club. This exclusive club offers VIP service, cashback, extra staking rewards, and more SCORP tokens.

The SCORP token has a maximum supply of 1 billion, out of which 280 million SCORP tokens are allocated for the presale phase. In addition, 300 million SCORP tokens have been designated for rewarding affiliates, providing further incentives for participation.

The Scorpion Casino team has devised a comprehensive roadmap outlining their plans for the future. This roadmap includes exciting developments such as live affiliate events, partnerships, marketing campaigns, and collaborations. The latter part of the year will primarily focus on scaling the platform to attain substantial growth and expanding its range of offerings, with the goal of creating a more robust and immersive platform experience.

Token Symbol	SCORP
Presale Supply	200,000,000 SCORP
Token Type	BEP-20
Payment Method	ETH, USD, BNB
Listing Price	$0.05

6. Polygon (MATIC) – Ethereum-compatible Network Providing Layer 2 Solution

Polygon’s platform connects Ethereum-compatible blockchain networks. Its key function solves problems regarding slow speeds and high gas fees, which many crypto projects have experienced.

The appealing factor of Polygon is that it solves the speed and fees issues many blockchain users experience without compromising security. The project’s founders built Polygon on top of the Ethereum blockchain, enabling it to process Ethereum-based transactions while offering scalability.

Polygon’s transactions are processed faster because it functions on a separate blockchain. And the best part is that Polygon’s transactions are cheaper than Ethereum’s.

One of the key reasons for this project’s adoption growth is the ability of developers to create decentralized applications. Polygon’s platform is also used for NFT launches and several big corporations have launched NFT collections and Web 3.0 projects on the Polygon network. Wondering where to buy MATIC in 2024? The best crypto apps offer the most popular digital assets as well as a secure crypto wallet.

7. Solana (SOL) – Smart Contract Platform Offering High Transaction Speeds

Solana is possibly the fastest growing crypto coin, having provided early investors with more than 20,000% returns. SOL’s hype isn’t merely based off celebrity endorsement, but the token solves a massive problem.

It provides high transaction speeds at a low cost. Investors use SOL to pay transaction fees on the network and enjoy smart contracts. Solana is an ever-expanding project, as it aims to improve blockchain scalability.

By using proof-of-stake and proof-of-history technology. Solana plans to develop its network to process more than 60,000 transactions per second. The fees for using Solana’s network are mere pennies.

Investors who buy Bitcoin can incur fees of more than $50 and wait several hours for the transfer to reflect, depending on network usage and other factors. The key advantage of using Solana is that investors enjoy fast, affordable and scalable transactions.

8. Decentraland (MANA) – Metaverse Gaming Platform with DAO Governance

Decentraland’s mission was to build the first ever virtual world owned by its users. Joining this game enables players to explore LANDs, divided into 90,000 parcels, to traverse through fascinating scenery and structures.

Players build up their lands as they please, and some of the interesting infrastructure found in Decentraland are medieval dungeon mazes and villages.

The game enables players to acquire more land with the platform’s native token, MANA. Players can also use the builder tool to create scenes, artworks and challenges – even charging a fee for other players to enter.

A key attraction of this NFT game is that a Decentralized Autonomous Organization (DAO) governs its policies, stipulating how the platform functions, and the demand for Decentraland’s parcels increased drastically in 2021.

It appears that the demand and growth of this platform are set to continue in 2023, where Decentraland has announced partnerships with big corporations, enabling them to purchase digital land and advertise their brand.

9. Ripple (XRP)- Efficient Cross-Border Payments Solution Partnering with Banks

Ripple is a fintech company based in San Francisco, determined to provide effective payment solutions to users globally. XRP, its native token, was designed to help people receive money efficiently and at a low cost.

It has managed to provide both, as XRP transactions take mere seconds to reflect on the other side of the world and cost pennies. Ripple’s goal of enabling peer-to-peer transacting has been achieved, but it has its sights on massive corporations.

Although Ripple’s community, referred to as the XRP Army, has a large influence on the coin’s price movement, it’s the partnership with banks that increased adoption.

Numerous Asian banks and payment providers have partnered with Ripple to use XRP as a means to send large blocks of transactions across the world at a minimal cost – XRP’s price has proven to react favorably to Ripple’s partnerships.

The hindrance in XRP’s price has been Ripple’s ongoing lawsuit with the SEC – the US Securities and Exchange Commission is suing Ripple for sales of unregistered securities and has claimed that XRP is a security.

But XRP’s support from the army has led to a significant price pump, resulting in more than 1,300% returns for investors who bought the coin in March 2020 and held it until April 2021. That rally proved even a lawsuit cannot prevent XRP’s price from pumping.

10. The Sandbox (SAND) – Asset-Building Game with Expanding User Base

Another Metaverse game that has made a lot of noise with the NFT community is The Sandbox. This crypto game enables players to monetize their piece of LAND and use avatars to turn their NFT collection into a life-like form.

Owning LAND enables players to build experiences, host events and invite friends and they can also increase the value of their land by adding infrastructure and then selling it for profit. Players need to own $SAND, the game’s token, to buy and sell assets and land in the Metaverse.

The Sandbox’s user base grew significantly in 2021, with a wallet database reaching 500,000 and several thousand users spending more than an hour in The Sandbox, developing their land.

Another key development has been this game’s partnership with big brands, making it a key crypto to watch in the future.

Some of the artists The Sandbox teamed up with are Snoop Dogg, DJ Richie Hawtin and Deadmau5. Another collaboration is with Adidas, which bought a piece of land on the platform to promote its brand.

How to Find the Best Growing Cryptocurrency

You’ll find the best growing cryptocurrency by keeping yourself updated with the latest news and trends in the cryptocurrency market. Following reliable cryptocurrency news websites, blogs, forums, and social media channels to stay informed about new projects and developments will give you a nose for where to look to find the top growers in the crypto sphere.

You should also monitor price charts, trading volumes, market capitalization, and historical price data to assess the growth potential of different cryptocurrencies. Another good way to tell that a crypto token is going to grow quickly is to evaluate the level of community engagement and support it has. Lots of activity usually equates to strong investor confidence and support, which can contribute to the project’s growth.

Don’t forget that high-growth cryptocurrencies may offer lucrative returns but also come with higher risks. Assess your risk tolerance and investment goals before making any decisions.

The Criteria for Ranking the Fastest Growing Cryptos

To determine the fastest growing cryptocurrencies, we used several factors. Let’s explore each of them in detail.

Supply

Assets high in demand are usually in low supply – investors struggle to buy them, so they’re willing to pay a premium for ownership. Scarce assets are valuable, and a finite supply, such as Bitcoin’s, makes investors eager to invest in the project.

Popularity

It’s no secret that the reason some of the hottest cryptos rallied is because of popularity, manifested from celebrity endorsements and strong social media backing.

Dogecoin is a perfect example, receiving Elon Musk and Mark Cuban’s backing, even though the coin had virtually no utility and was developed as a joke.

But Dogecoin’s popularity resulted in the coin going on an epic bull run, providing investors with more than 10,000% who bought coins at the beginning of 2021.

Age

Bitcoin is the first crypto developed on the blockchain and has been around the longest. It’s one of the reasons it has the highest market cap of all coins and was one of the fastest growing crypto on Coinbase.

But new crypto projects have proven they can also make an impression on investors if they solve a real-world problem.

Utility

Some coins get away with providing almost no utility and managing to have significant price pumps- a good example being Dogecoin – but such coins lose their appeal fast and experience a massive price crash.

The only cryptocurrencies that can have longevity are the ones that provide utility and continued use case, either helping to solve a problem on the blockchain or providing continued entertainment.

Staking

Many investors now consider staking as one of the best ways to get rich off crypto. Staking involves investors using the coins they own to earn more coins by locking them away on an exchange. Investors earn interest by staking their coins, which they can exchange for fiat currencies.

Not all coins can be staked, and some stake coins offer lower interest than others.

Conclusion

We’ve highlighted the key criteria for selecting the fastest-growing cryptocurrencies, and we applied them to all the cryptos featured in this guide.  One of the fastest-growing cryptos is Smog ($SMOG). It is a hot new meme token on Solana with high staking rewards and massive airdrop rewards.

Visit Smog

Fastest Growing Crypto FAQs

What qualifies as fast growing crypto?

Cryptocurrencies that have experienced tremendous growth by raising large amounts of money during early funding, significant increases in wallet userbase, massive coin price spikes and transaction increases would make a crypto fast growing.

Which crypto is the fastest growing this year?

Smog is an exciting new fastest growing crypto in 2024. It offers an innovative platform that offers high staking yields. It also aims to offer the greatest SOL airdrop ever.

How do I know which cryptos will grow fast?

A good indication of a crypto coin that may grow fast is usually evidenced in its presale – Smog, Sponge V2, Bitcoin Minetrix and Meme Kombat, are clear examples of investors flocking to a presale.

What cryptocurrency on Coinbase is the fastest growing?

Several cryptocurrencies have provided massive returns for investors such as Bitcoin and Cardano. Solana is another coin that had a huge rally.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.