8 Fastest Growing Cryptocurrencies of 2023
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 Cryptocurrencies – Overview
Fastest Growing Cryptocurrencies – Full Reviews
We understand that a simple list of growing cryptocurrencies may not be enough to take strategic investment decisions. While all the projects have already gained popularity within the cryptocurrency space, they still have a massive potential for growth, which is why they have been listed here. Here is a detailed review of each project for your understanding.
FightOut – Rapidly Growing Fitness Oriented Project
Fitness is an industry that the blockchain industry has not been able to explore the way it has with other sectors. This is due to a plethora of limitations, which FightOut seems to have found a way out of. This recently introduced project is making quite an entrance into the domain backed by a strong team and a sizeable community.
FightOut was initially created as an M2E initiative, where players could potentially earn income for moving. However, the developers have managed to make the project a much better and more advanced version of a normal M2E initiative. Equipped with an app that allows for complete mobility, FightOut features instructions and workout routines for anyone who would like to get started.
One of the most important features of the project is its NFT, which is completely integrated with the project’s metaverse. Essentially, players are expected to work out, and the NFT character will also develop depending on the movement achieved by the user. These NFTs after a point can be used to fight against other players in the FightOut metaverse.
The project is currently in its presale phase but has been growing in terms of demand considerably – so far over $3 million has been raised at fightout.com in just over a month since its presale started, making it one of the fastest growing cryptocurrencies on the market right now.
For anyone looking to be a part of the fitness and crypto industry while also contributing to their own fitness for some additional income, the FGHT token could be an excellent pick.
Meta Masters Guild – Fast Growing P2E Platform with a Huge Community
It is clear that the blockchain gaming sector is one of the faster-growing categories in the industry. It has strength in numbers, innovation, potential and uniqueness. However, this all seems to have faded away in the past couple of months which has momentarily stunted the growth of the sector. The scarcity of good projects with great graphics an creative quality is what has caused this situation. Investors have to look far a wide for projects that could be actually interesting while also helping them earn.
Well, what if a platform keeps adding top-quality P2E games to its ecosystem from where one can simply choose and play their favourite titles at any given point for rewards? Well, this is exactly what Meta Masters Guild is aiming to achieve with its product. Created as a P2E platform, the initiative aims to create a “guild-like” space for its community where they can find and play great P2E games which not only focus on the defi factor but also take care of the creative aspect that piques interest.
Meta Masters Guild’s contract code has been audited by SolidProof, while its team has been completely verified by Coinsniper. Moreover, it has already made its way to some of the top crypto websites in the space currently. With an ongoing presale for its native token MEMAG, Meta Masters could be a project that may grow rapidly despite the current market conditions.
At the time of writing over $1 million has been raised at memag.io in a matter of weeks since its presale began, making this another of the fastest growing crypto projects to watch.
C+ Charge – Top Grossing Pro-EV Adoption Initiative
Created by Ryan Fishoff, Ryan Tomas and Mark Gomez, C+ Charge has been experiencing massive growth, and for all the right reasons. The project aims to empower a concept that has been gaining global attention for the past couple of years. EVs or Electronic Vehicles have quickly taken over the automobile industry, but seem to be facing several issues, of which one is the charging for any car.
C+ Charge aims to build a robust Peer-to-Peer (P2P) payment system for EV charging stations built on blockchain technology. As a part of the project, users will be allocated individual electronic wallets, which they can use to pay for EV charging with the C+Charge utility token. It also rewards users with carbon credits, which is a major step towards creating a greener environment. This will further act as an incentive for even more investors to become a part of the initiative. As a result, the C+ Charge may be looking at mass adoption in the upcoming months.
At the time of writing, C+ Charge has kicked off its presale, giving investors an excellent opportunity to get into the project at much lesser prices. Despite being launched barely a couple of days ago, the initiative has already raised more than $100K and continues to surge in demand on a daily basis.
RobotEra – Fast Growing Metaverse Project in 2023
Metaverse is something that almost any individual within the crypto space, or otherwise may have heard of at least once. It is a concept which has been making headlines almost every now and then, thanks to several major brands trying to incorporate it into their existing models. RobotEra is one of the newer entrants and was created by taking inspiration from the popular virtual world game Sandbox.
RobotEra manages to stand apart from the crowd as a virtual world project since it does not limit itself to being just a simple metaverse where players can build businesses and potentially earn income. It has managed to create a backstory, a robotic theme and components that would provide players with an interesting experience even as they socialize or find avenues to earn money.
Founded by Jason Chan and Slimane Lee, RobotEra has the potential to grow and become the next big metaverse project, amid other options like Decentraland, Gala etc. RobotEra’s TARO token too is available for presale on its website and has already raised an impressive sum of more tokens worth more than $660K. As a concept that many consider the future of commerce, RobotEra is undoubtedly a project that one absolutely should not miss out on.
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. 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 among the top 10 cryptocurrencies by market cap 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 upcoming days.
Enjin – Fast Emerging Gaming Project in 2023
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.
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:
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.
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.
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.
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.
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.
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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Frequently Asked Questions
Which are the fastest growing cryptocurrencies to buy in the short term?
The fastest growing cryptocurrencies in the short term would the presale projects like FightOut, Meta Masters Guild, C+ Charge and others as they are still in their earlier stages and may gain more popularity in a shorter period of time.
Are all growing cryptocurrencies risk free?
No. Infact, there is a chance that any crypto may collapse at any given point in time. The best way to invest is to keep track of one’s investments while also looking for projects that have further potential in the upcoming months.
What is the fastest growing cryptocurrency in 2023?
This is difficult to answer as what goes up, must comes down – and just as quickly in both directions. For example, APE and GMT were at one point the fastest growing cryptocurrencies last year, but both now have corrected sharply. However, FightOut (FGHT) is a popular new cryptocurrency presale that is available to purchase at $0.016 per token. FightOut’s presale raised $2 million in a few days. RobotEra (TARO) is another popular token which will increase by 60% during its ongoing presale.
How to know which cryptos will grow rapidly?
This requires diligent research into the latest trends, whether it be gaming crypto coins, assets related to NFTs and the metaverse, DeFi coins (see the explosive ‘DeFi summer’ of 2021), etc. It also is essential to invest as early as possible, e.g. at the low price offered during a presale period.