The crypto industry is flourishing in the financial market, with thousands of cryptocurrencies in circulation. Most popular crypto coins already have billions of dollars in market capitalization, and the industry has become worth over $3 trillion. Developers and investors continue to come into the crypto marketplace to make money.
These assets can be potential investments to generate profits or mining to generate considerable income. However, it can be overwhelming when choosing the best growing cryptocurrencies as there are many crypto projects with various attractive features. This article will list the top five fastest-growing cryptocurrencies in 2022.
Top five fastest-growing cryptocurrencies in 2022
The price of cryptocurrencies can rise or fall dramatically within a short period according to many relative factors such as demand-supply, utility, availability, functionality, future projections, community, etc. Crypto assets are highly volatile, so investors keep learning to deal with this feature and make money. We researched and made a list of the top five growing cryptocurrencies in 2022 by researching and comparing them from several angles.
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Binance Coin (BNB)
- Terra (LUNA)
Bitcoin (BTC)
What is Bitcoin?
Bitcoin continues to be the top cryptocurrency in the crypto industry, one of the oldest crypto assets. Someone under the pseudonym Satoshi Nakamoto created this crypto in 2009. It allows direct transactions between independent, equal network participants without involving any intermediary or third party. The native token of this platform BTC is floating near $42271.94 today with a 24-H trading volume of $32,484,668,335. BTC is currently available in many major crypto exchange platforms, including Bitget, Binance, Bybit, OKX, and FTX.
- Fully diluted market cap: $887,378,536,295
- Live market cap: $801,962,774,368
- Circulating supply: 18,978,618.00 BTC
- Total supply: 18,978,618 BTC
- Max supply: 21,000,000 BTC
- Volume / Market Cap: 0.0408
How much could you earn for 1 year?
The price for each Bitcoin was approx $500 in 2016. In 2022, when the price floats near $44,000, about 7,800% growth within a few years. Moreover, many crypto analysts predict the average price of BTC can reach at $100K mark within a short period. So you can make a considerable amount of money by investing in BTC.
Ethereum (ETH)
What is Ethereum?
Ethereum is an open-source blockchain platform with its cryptocurrency. Ethereum works as a platform for many other cryptocurrencies and dApps. Vitalik Buterin first described this platform in 2013. According to market capitalization, it is the second-largest crypto asset of the crypto industry. The native token of this platform ETH is floating near $2738.33 today with a 24-H trading volume of $14,354,828,973. ETH is currently available in many major crypto exchange platforms, including Bitget, FTX, Binance, OKX, and Bybit.
- Fully diluted market cap: $329,014,645,510
- Live market cap: $328,074,318,522
- Circulating supply: 119,890,553.37 ETH
- Total supply: 119,891,714 ETH
- Max supply: not available
- Volume / market cap: 0.04467
How much could you earn for 1 year?
Ethereum has shown tremendous growth in recent years. In 2016 each ETH was worth $11, which reaches $3000 in 2022, a 27,000% growth. Many crypto analysts anticipate that the price per ETH might hit nearly $7600 by Dec 2022. So you can make an enormous profit by investing in this coin.
Solana (SOL)
What is Solana?
Solana is an open-source blockchain project that is highly functional. The initial work for this platform occurred in 2017, and the official launching period is 2020. The most important man behind this crypto project is Anatoly Yakovenko. The native token of this platform SOL is floating near $87.29 today with a 24-H trading volume of $2,593,249,393.
- Fully diluted market cap: $45,050,118,637
- Live market cap: $28,168,179,259
- Circulating supply: 322,653,115.12 SOL
- Total supply: 511,616,946 SOL
- Max supply: not available
- Volume / market cap: 0.09306
How much could you earn for 1 year?
SOL piece was near $0.02 in 2017 that reached $0.99 in 2022, a 4,850% growth within a few years. Many crypto analysts predict the price might hit $137 by Dec 2022. So any crypto investor can make a considerable profit through this kind of price movement.
Binance Coin (BNB)
What is Binance coin?
Binance is the largest cryptocurrency exchange platform globally, according to daily trading volume. The CEO and founder of this platform is Changpeng Zhao. The native token of this platform, BNB, is floating near $394.2 today with a 24-H trading volume of $2,436,781,897.
- Fully diluted market cap: $65,055,609,812
- Live market cap: $65,075,981,672
- Circulating supply: 165,116,760.89 BNB
- Total supply: 165,116,761 BNB
- Max supply: 165,116,760 BNB
- Volume / market cap: 0.03746
How much could you earn for 1 year?
The price per BNB coin was nearly $0.10 in 2017 and floated near $413 in 2022, a 410,000% growth. You can make a considerable profit by investing in this coin, as many crypto analysts expect an average price per BNB coin might hit near $527 by Dec 2022.
Terra (LUNA)
What is Terra?
Terra is a unique platform that aims to power price-stable global payments systems by using fiat-pegged stable coins. The official launching period of this platform is Apr 2019. The native token of this platform, LUNA, is floating near $99.73 today with a 24-H trading volume of $5,940,776,570.
- Fully diluted market cap: $77,602,648,091
- Live market cap: $36,265,589,768
- Circulating supply: 363,465,527.04 LUNA
- Total supply: 776,405,590 LUNA
- Max supply: not available
- Volume / market cap: 0.1624
How much could you earn for 1 year?
The price per LUNA was near $0.64 at the beginning of 2021, which reached nearly $92 in 2022. A growth of approx. 14,200% in value. You can make a considerable amount of profit in 2022 by investing in LUNA, as many crypto experts expect the price of LUNA to reach near $143 by Dec 2022.
Final thought
These are the top five growing cryptocurrencies with the potential to grow in 2022. When generating income from any investment, it depends on several vital factors such as investment type, capital size, duration of holding, etc.
