Say what you will about cryptocurrencies but one most certain thing is that the technology is growing, and it is growing fast. These fastest-growing cryptocurrencies have surely caught the eye of investors and it is expected to cause a surge in investment in digitalized currencies and blockchain technology itself. If you desire to jump on the cryptocurrency train, below are a few of the fastest-growing cryptocurrencies in Q2 that you may want to consider investing a few bucks.
What are the Fastest Growing Cryptocurrencies to Watch Out for in Q2 2024?
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Polygon
Polygon, also known as MATIC, is a token created using the Ethereum blockchain. The main purpose of Polygon is to encourage faster transactions on Ethereum using a smart contract. Polygon token is also used to validate consensus involving Proof-of-Stake and make other transaction payments. Polygon has been steadily climbing, with its growth predicted to reach impressive heights by 2029. Upon analyses of Polygon’s partnerships, applications, roadmap, and community subscriptions, the coin will likely continue to witness exponential growth and give other more popular tokens a run for their money in the nearest future.
- Ethereum
Ethereum has surely had a not-too-long but quite interesting history. Regardless, the coin has continued to exhibit signs of constant growth and it remains one of the fastest-growing cryptocurrencies in the world. Predictions state that the coin is very likely to maintain its constant growth in the coming years. One may attribute this constant growth to the timely updates of the token. Currently, Ethereum’s average annual growth rate is weighed in at 57.3%
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RobotEra
RobotEra is a metaverse token that comes with an opportunity to partner with other robots and share a multiverse similar to the real world in the metaverse and other numerous NFT communities. It is a token built on the Ethereum blockchain, and it seems to have attracted constant worldwide attention since its inception. What makes RobotEra much more interesting is that it offers the users a chance to embark on a metaverse project by developing a web 3.0 world while earning tokens at the same time. For as long as gaming in the metaverse continues to be a thing, there is no doubt that RobotEra will continue its beautiful growth also.
Read: How Could Blockchain Redefine the Gaming Industry?
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Solana
It is predicted that the average trading price of Solana will continue to rise to $1220 by 2025. As one of the popular cryptocurrencies, Solana has slowly risen to the foremost digital asset in the world. It primarily aims to provide high-speed blockchain services that promote speedy and secure transactions. Like many other popular cryptocurrencies, Solana is authenticated using the proof-of-stake method. If you are in search of an affordable currency, environmentally safe, low transaction costs, and fast response time, then Solana is your go-to cryptocurrency.
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Cardano
Cardono is best described as a diamond in the rough. Despite the currency’s numerous struggles, it continues to thrive and maintain a good growth pace. It is an open-source blockchain platform and is a third-generation cryptocurrency that is to solve scalability issues and improve the decentralization state of Ethereum. The coin is predicted to grow by more than double its size by 2030. Indeed, it is proving skeptics wrong and still holds its head out of the volatile waters in the world of cryptocurrencies.
Conclusion
What is beautiful about many of the cryptocurrencies above is that they may not be the most popular currencies in Q2 -for now. However, they certainly have the potential to reach a very impressive peak. An excellent piece of advice would be to invest in them now when they are very much affordable to get the best returns when they get to the zenith.
