For the past five years or so, cryptocurrencies have become a very popular option for anyone looking to invest with the hope to grow their funds at a rapid speed. If we consider the investing history of the past couple of years, no other asset has grown as high as crypto. And that’s true not just old and recognised coins such as Bitcoin and ETH, but many newer cryptocurrencies have also shown tremendous growth during the period.
In this article, we will talk about a few such new cryptocurrencies that have registered remarkable growth in the past year or so.
Why should one invest in crypto?
There are many reasons to invest in cryptocurrencies, with the top ones including:
- High returns - investing in the right cryptocurrencies can give you as much as 100% return in just a year.
- Growing trend - Cryptocurrencies are the newest trend in the digital payment and investing space, and it is here to stay.
- Next-gen technology - Cryptocurrencies operate on blockchain, which is an outstanding, highly secure and reliable technology for digital payments.
- A stable store of value - Crypto has fast emerged as a better, more secure & low-cost alternative to gold and other metals for parking your money.
Top 5 Fast-growing Cryptocurrencies for Investment in 2021
Looking for the best altcoins to invest this year? Here’s our list of the top 5 coins to get you started.
1. Shiftal Coin (SFL)
Shiftal Coin (SFL) was created and launched as the native token for the Shiftal P2P exchange. As a utility token, it provides access to all the current and upcoming services of the Shiftal Exchange. At the same time, SFL can be used as a digital currency to get discounts on the payment of fees on the Shiftal platform.
Though SFL is a new coin still in the IEO stage, we expect the coin to grow both in demand and value. We all know what happened with the Binance coin and how it grew to become one of the top cryptocurrencies in the market. SFL has a similar potential with an equally great team behind it.
2. Solana (SOL)
Solana is a project that intends to offer decentralized finance (DeFi) solutions using blockchain technology. The Solana protocol uses a proof-of-history (PoH) consensus based on PoS to allow the creation of DApps that are relatively more stable. Officially launched in March 2020 and listed in April 2020, Solana is now one of the fastest-growing cryptocurrencies on the CoinMarketCap website.
3. Solanium (SLIM)
Solanium is a decentralized launchpad for launching new tokens as well as fundraising and crypto trading on the blockchain. Besides a launchpad for new crypto tokens, the platform offers a number of tools, including a DEX UI, wallet, staking, and governance. For staking SLIM tokens in the contract, users can earn xSLIM, which is a governance token used for exclusive pool access and voting.
SLIM is a highly popular cryptocurrency and has already grown by over 100% since its launch in May 2021.
4. Fantom (FTM)
Unlike other cryptocurrencies in this list, FTM is the only token to use directed acyclic graph (DAG) instead of blockchain for recording and managing transactions. The Fantom platform offers decentralized finance services to developers through highly efficient smart contracts that have a claimed transaction speed of less than two seconds.
FTM is now trading at its all-time high price and is expected to grow further in the coming days.
5. NEAR Protocol (NEAR)
NEAR Protocol is a blockchain platform created to allow the development of scalable decentralized apps for the web. The network utilizes a customised version of proof-of-stake consensus, called Nightshade. As the native utility token for the NEAR protocol, NEAR token can be used for payment of fees on the platform, staking to run validator nodes, and for governance voting. The NEAR token value has grown exponentially in the past few months, which makes it worth considering for your next investment.
Which are your favorite cryptocurrencies, besides Bitcoin and ETH, for investment in 2021? Now that you know about the top fast-growing coins of the year, what are you waiting for? Start investing today.