Fastest-growing cryptocurrencies are in high demand for smart functionalities
The crypto industry is going through an exciting moment in late March 2022: Bitcoin just hit a yearly high of $47,180 and the industry has grown 24% in the last fortnight to see its highest market cap ($2.1 trillion) since January 5.
Nearly all the top 20 crypto tokens are upon the price in the last week. Cardano’s ADA has grown the most with a 34% price hike, but Solana, Polkadot, Dogecoin, and Cronos are not far behind. LUNA is the only top 20 token showing a loss in the last seven days, as its price goes 1.6% into the red.
At $2.1 trillion the cryptocurrency market only needs to add on $100 billion to make a new all-time high. And this is during what many analysts – like top YouTube Bitcoin expert Benjamin Cowen – have called a ‘crypto winter’.
These are the top 10 fastest-growing cryptocurrencies right now at the end of March 2022.
Current price: $47,261
Current market cap: $898 billion
Bitcoin has grown 14.4% in price over the last week, as it closed on Sunday with a price over $46,000. Bitcoin hit its highest price this year today through the next few days will prove a key battle for whether Bitcoin is rejected or finds support.
Current price: $3,347
Current market cap: $402 billion
Ethereum is up 15% in the last week as the smart contracts giant continues to outperform Bitcoin on growth. Ethereum will soon shift to a new proof of stake consensus that could ramp up scalability with lower fees.
EverGrow Coin (EGC)
Current price: $0.0000004652
Current market cap: $230 million
EverGrow Coin has been growing strong in the past week as it drops two new utilities: a content subscription platform called Crator, and an NFT marketplace that lets users borrow against their digital assets as collateral.
EverGrow Coin also announced it will become the native token of The Abstract metaverse, which offers the world’s first VR gaming arcade streamed on the cloud.
Current price: $111
Current market cap: $35.9 billion
Solana is up an impressive 23% to beat both Ethereum and Bitcoin on growth.
Current price: $1.20
Current market cap: $40.2 billion
Cardano has had a strong run to hit 33% growth in the last week. Cardano’s peer-reviewed, academic approach to blockchain technology has seen it win favour from developing countries with application in tracking supply chains.
Current price: $131.6
Current market cap: $9.2 billion
Litecoin’s 14% growth in the last week has seen it break into the crypto 20 once more. Japan recently named Litecoin as one of 18 tokens that will not be screened when added to exchange in the country.
Current price: $0.8
Current market cap: $10.58 billion
Cipcoin’s 300% growth makes it one of the fastest-growing Coin. Its blockchain technology aims to facilitate the development of the Transaction Speed.
Current price: $0.1494
Current market cap: $19.9 billion
Dogecoin’s 24% growth is outcompeting its meme-coin rival of Shiba Inu, which has grown 14% in the last week.
Current price: $23.10
Current market cap: $22.8 billion
Polkadot’s 22% growth makes it one of the fastest-growing tokens right now. Its blockchain technology aims to facilitate the development of the Web3 era.
Current price: $0.4968
Current market cap: $12.6 billion
Cronos’ 21% saw it leap into the crypto top 20 this month. Cronos is the native token of the Cronos Chain, operated by Crypto.com. This crypto payment service provider has just been named as a FIFA World Cup 2022 sponsor in Qatar.