What Crypto to Buy Now? Top Fast-Growing Buys You Can't Miss!

The world of cryptocurrency is a fast-evolving landscape, brimming with opportunities and risks. With thousands of digital coins available, choosing the right ones to invest in can be daunting. To help you navigate this dynamic market, we've identified some of the top fast-growing cryptocurrencies you can't miss. Whether you're a seasoned investor or a newcomer, these picks offer potential for substantial growth.

How to Choose the Best Crypto to Invest in?

When choosing the best cryptocurrency to invest in, it's crucial to consider your individual goals, investment timeline, and risk profile, just as you would with any other investment. Additionally, conducting thorough research to ensure the legitimacy and security of any crypto project you're interested in is essential.

In general, investors should evaluate several key factors when considering a cryptocurrency. Market capitalization is important as it indicates the overall value and stability of the cryptocurrency within the market. Liquidity is another critical factor, as it reflects how easily the cryptocurrency can be bought or sold without affecting its price significantly. Security is paramount; ensure the crypto project has robust measures in place to protect against fraud and cyber threats. Finally, understanding the use case of the cryptocurrency is vital. A clear, practical application can drive demand and long-term value, making the investment more worthwhile. By carefully considering these aspects, you can make more informed decisions and choose cryptocurrencies that align with your investment strategy.

Top Fast-Growing Cryptos You Can't Miss

Bitcoin

• Price: $69,108.75
• Market cap: $1.4 trillion
• Year-over-year return: 154%

Since its inception in 2009, Bitcoin has maintained its position as the most popular and valuable cryptocurrency. It was developed by an individual or group under the pseudonym Satoshi Nakamoto. Bitcoin operates on a blockchain-based, decentralized transaction verification system that has significantly transformed our understanding of digital security.

Bitcoin’s decentralization and transparency are key factors that attract investors and users. However, critics have pointed out concerns regarding its energy-intensive proof-of-work consensus mechanism and the challenges in scaling the network. Additionally, several large-scale crypto projects offer faster transaction speeds than Bitcoin, and other blockchains are specially designed to enhance Bitcoin’s functionality.

Ethereum (ETH)

• Price: $3,810.53
• Market cap: $457.8 billion
• Year-over-year return: 100%

Launched in July 2015, Ethereum was one of the first altcoins and has become the most valuable cryptocurrency besides Bitcoin. Its native currency is called Ether. Ethereum's blockchain was pioneering in introducing smart contracts, which enable decentralized applications (dApps) to run autonomously.

Today, the Ethereum blockchain hosts over 4,400 dApps and developer tools. In 2023, Ethereum transitioned from a proof-of-work consensus mechanism to a less energy-intensive proof-of-stake system, making it a greener investment compared to Bitcoin. However, its blockchain functionality, particularly its support for smart contracts and dApps, remains its key differentiator.

BNB (BNB)

• Price: $632.22
• Market cap: $93.3 billion
• Year-over-year return: 106%

BNB is the native token of Binance, one of the most popular cryptocurrency exchanges. Initially created on the Ethereum network, it now resides on Binance's own blockchain. BNB is used for various transactions and applications, and it even offers users discounted fees on the Binance platform.

In recent years, Binance, like other crypto exchanges, has faced a global regulatory crackdown on cryptocurrencies. In 2023, the U.S. Securities and Exchange Commission sued Binance, accusing it of violating securities laws.

Solana (SOL)

• Price: $165.08
• Market cap: $75.9 billion
• Year-over-year return: 660%

Launched in March 2020, Solana was designed to compete with the Ethereum network. Its blockchain supports dApps, smart contracts, and non-fungible tokens (NFTs). Solana’s unique hybrid proof-of-stake and proof-of-history verification system is a key selling point, making it cheaper and faster than Ethereum.

However, reliability has been Solana's major drawback. Since early 2022, the network has experienced several significant outages. In February 2023, it was down for nearly 19 hours. For Solana to truly become an "Ethereum killer," it must improve its stability and regain user trust.

XRP (XRP)

• Price: $0.52
• Market cap: $28.8 billion
• Year-over-year return: -1%

Created by Ripple Labs, this global payments network aims to be an alternative to the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the global system banks and other financial institutions use to transfer money.

Ripple Labs claims its technology is faster, cheaper, and more transparent than SWIFT. XRP, the native cryptocurrency of the Ripple network and the XRP Ledger blockchain, plays a crucial role in this ecosystem. In 2023, a judge ruled that XRP is "not necessarily a security" in certain circumstances. However, the SEC is seeking to impose a nearly $2 billion penalty against Ripple for allegedly selling XRP to institutional investors.

Dogecoin (DOGE)

• Price: $0.16
• Market cap: $23.4 billion
• Year-over-year return: 122%

Dogecoin, created in 2013 as a parody of Bitcoin, has since become a legitimate investment for many crypto traders due to its simplicity and popular dog mascot. It also boasts high-profile supporters.

Tesla CEO Elon Musk, a prominent Dogecoin investor, has repeatedly influenced its price volatility by mentioning the cryptocurrency. A group of Dogecoin investors even sued Musk, alleging illegal manipulation of its price. Billionaire entrepreneur Mark Cuban is another supporter of Dogecoin, praising its potential as a medium of exchange.

Cardano (ADA)

• Price: $0.45
• Market cap: $16.2 billion
• Year-over-year return: 19%

Cardano is a decentralized proof-of-stake blockchain that launched in September 2017. When it launched, it was designed to be more efficient than bitcoin, ethereum and other proof-of-work blockchains. Cardano immediately had credibility among crypto enthusiasts because ethereum co-founder Charles Hoskinson founded it.

Like ethereum, cardano focuses on functionality. It also aims to be the platform of choice for dApp development and verifiable smart contracts. ADA is the primary cryptocurrency used on the network to facilitate transactions and run dApps. Cardano users can also use ADA for staking to help verify network transactions and earn additional tokens.

Toncoin (TON)

• Price: $6.63
• Market cap: $16.0 billion
• Year-over-year return: 280%

In 2018, the developers of the encrypted messaging company Telegram created the "layer 1" blockchain known as TON. This network is recognized for its smart contract capabilities and speed advantage over Ethereum.

With a blockchain speed of just five seconds per transaction, TON is notably fast. However, to remain competitive among other crypto projects, it needs to attract more developers. Recently, Toncoin has generated impressive bullish momentum following reports that Telegram is considering an initial public offering.

Shiba Inu (SHIB)

• Price: $0.000025
• Market cap: $14.7 billion
• Year-over-year return: 188%

Shiba Inu is a popular meme coin that was launched in August 2020 on the Ethereum blockchain by an anonymous figure known as Ryoshi. Unlike Dogecoin, which began as a humorous take on cryptocurrencies, Shiba Inu was created with a serious intent and has posed a significant challenge to Dogecoin for market share in the dog-themed meme coin space. SHIB has inexplicably become one of the most valuable cryptocurrencies in the world.

There are some key differences between DOGE and SHIB. Notably, SHIB is built on the Ethereum network, which allows it to handle smart contracts and dApps. Additionally, it has a unique community of followers known as the SHIBArmy, who actively help steer the project's direction.

Avalanche (AVAX)

• Price: $35.90
• Market cap: $14.1 billion
• Year-over-year return: 143%

The Avalanche mainnet launched in September 2020, aiming to compete with the Ethereum network by establishing itself as the fastest and most secure blockchain. Its smart contract platform supports dApps and autonomous blockchains, with users able to vote on governance issues and pay transaction fees using Avalanche's native AVAX token.

AVAX's circulation is capped at 720 million tokens, but users have control over the token creation rate, allowing them to adjust the inflation rate as needed. Avalanche's unique consensus mechanism ensures that a transaction is only finalized when a sufficient majority of validators approve it.

Conclusion: What’s the Best Cryptocurrency to Invest in Today?

The large-cap tokens we recommended proved they could withstand the crypto winter and come out with momentum on the other side. The new tokens we covered address new markets and could explode after launching.

Bitcoin is the best crypto to buy now in June 2024, while PlayDoge takes first place as the highest potential new crypto project to invest in.