So what is the fastest growing cryptocurrency right now? Solana, Shiba Inu, Tezos, and Poloniex, to name a few? I think you’d be surprised! Keep reading to discover which coin is rising in popularity and where to buy it! It may surprise you to learn that Shiba Inu might be the fastest growing cryptocurrency by 2022! How can we tell? Well, it all comes down to these four characteristics:
Solana
Solana is a proof-of-history cryptocurrency. The process of proof-of-history ensures that the transactions are in the right order. The blockchain of Solana has slots, each of which has a validator who ingests and produces blocks. The validators are chosen by a proof-of-stake mechanism and are responsible for keeping track of time and producing the next block of transactions.
The SOL token has grown a staggering 98% over the past year. Its market cap reached more than $53 billion in the first week of September and it continued to rise after the crypto price crash. By the end of October, the market cap of Solana was at $65 billion and in November it reached $73.6 billion, representing a 98,000 percent increase YTD. But this growth has been accompanied by a slowdown in the overall value of cryptocurrencies.
Shiba Inu
The price of the Shiba Inu cryptocurrency has increased significantly in recent months. On 1 February 2022, the market was at $0.00002171. A partnership with a popular fast food chain, Welly’s, increased the value to $0.00003493. But a drop in the price was inevitable due to global tensions. Though, the cryptocurrency’s announcement of a metaverse and its launch of a digital autonomous organisation were positive signs, the price has since risen again.
Shiba Inu was launched as a meme coin, which aimed to compete with Dogecoin. The cryptocurrency was born out of a 2013 meme featuring the Japanese breed dog of the same name, which has since grown into a multibillion-dollar crypto project. A token is an uncentralized cryptocurrency that is created on top of an existing blockchain. The Shiba Inu is currently the fastest growing cryptocurrency.
Tezos
There are several ways to purchase Tezos. Normally, you purchase it by exchanging it for another cryptocurrency. You can check the exchange rate on the spot market or deposit funds into your wallet. There is also a fast buy feature available on some exchanges. It is recommended that you research exchanges before purchasing. Here are some tips to buying Tezos:
Tezos is a stable platform. It can also be used for non-fungible tokens. According to recent reports, smart contract transactions on Tezos have quadrupled in the past year. However, Tezos has had some issues over the past year, such as low transaction fees. Its low fees and ability to scale make it a good choice for dApps.
Poloniex
When comparing the two largest crypto exchanges in the world, the former is easily the better option. However, both have their pros and cons. The former has a good reputation for offering a safe and secure trading platform while the latter is focused on providing a user experience that is second to none. The company also plans to cater to the emerging markets by 2022, especially in the Middle East, Asia Pacific, and Commonwealth of Independent States. Moreover, it has dedicated growth managers to assist users in these regions.
The exchange is a great choice for traders who want to make a profit without using their money to invest. Its lowest fees among all cryptocurrency exchanges are just 0.04% and are very easy to use. Its security is top-notch. After a high-profile hack that reduced the balances of all users by 12.3%, the leadership of the exchange compensated users. These actions demonstrate the company’s commitment to its users and the conscience of its business.
Cardano
The Cardano team has developed a roadmap for the next generation of the digital asset, which will launch sidechains and a governance phase. The governance phase will include new voting and treasury systems and will allow external developers to create custom tokens. It will also enable developers to build dapps using smart contracts written in a new high-level language. These developments will help make Cardano the fastest-growing cryptocurrency.
The price of Cardano has fluctuated in line with the rest of the cryptocurrency market in recent years. It soared from $0.03 to $1.20 in late 2017 to reach a market cap of close to $32 billion. Early investors enjoyed a 3,900% return. Over the past several years, however, the price has declined steadily. It is now trading back below $1. It is expected that Cardano will achieve its full potential and perform as advertised.