Cryptocurrencies constantly present new opportunities, with new altcoins launching frequently. In this video, we will discuss some of the hot new altcoins that are rapidly growing and that we believe have great potential for future growth. However, it's essential to understand that these altcoins are high-risk investments with the potential for high rewards. So, make sure to conduct thorough research before investing.
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Now, let's get started.
The very first Altcoin with fast growth potential is DeFi Coin.
DeFi Coin was initially launched in May 2021, yet has sprung to prominence in recent weeks due to the long-awaited launch of DeFi Swap – an innovative new decentralized exchange. Not only is DeFi Coin inextricably linked to this exchange, but it also offers possibilities for speculation and income generation.
DEFC is one of the best altcoins on the market for value potential since the coin has already produced triple-digit returns for token holders since the launch of DeFi Swap in early May. Since DEFC is the exchange’s native token, investors can gain exposure to DeFi Swap’s growth by holding DeFi Coin in their portfolio.
DeFi Coin’s developers also incentivize investors to hold the token long term through a 10% transactional tax placed on buy and sell orders. A total of 50% of the accumulated amount is transferred back to DEFC token holders as a reward, creating a steady income stream. The other half is placed into DeFi Swap’s liquidity pools, where it helps facilitate token swaps and yield farming.
DeFi Coin’s supply is fixed at 100 million tokens, with a built-in ‘manual burn’ mechanism designed to reduce the total supply over time. This makes DEFC a deflationary asset and promotes bullish momentum as the remaining tokens are deemed ‘scarce’. This feature, combined with the token’s use within the DeFi Swap ecosystem, ensures that DeFi Coin is one of the best cryptos under $1 to invest in.
Another Altcoin with fast growth potential is going to be Fetch.ai
Fetch.ai is a blockchain-based AI and machine learning platform that was founded in 2017. It provides what it refers to as ‘digital twins’, which are copies that are meant to make life simpler for both personal and professional users. Digital twins are sometimes referred to as Autonomous Economic Agents.
The digital twins offered by this project can help people with mundane activities like food preparation and parking. It essentially completes tasks automatically, cutting out the middle man, so you maintain ownership of your own data. Fetch.ai’s digital twins can even be used to build up contracts for enterprises or advertise in the metaverse.
Digital twin systems outperform traditional centralized solutions in terms of crypto-economic security, speed, and flexibility. As such, this could be the industry’s future. It’s clear that this cryptocurrency has strong technologic fundamentals, which could make it a great long-term investment.
In terms of performance, the all-time highest price of this token was $1.19. Fecth.ai is one of the most promising crypto projects on this list, although it has to be said, being new, it doesn’t currently have a large market cap. At the time of writing, Fetch.ai has a market capitalization of just $350 million.
Next up, we have Tron - a blockchain platform with lightning-fast transaction speeds and a mission to decentralize the internet.
Tron is one of the world’s most popular crypto assets and has long been among the best crypto under $1. Tron (TRX) is an excellent option if you’re seeking a more steady penny cryptocurrency, meaning lower volatility. This blockchain-based operating system can run smart contracts, which enables developers to create decentralized applications (dApps).
Tron’s main purpose is to bring consumers and content providers together for peer-to-peer transactions. In 2018, the company’s purchase of BitTorrent, a file-sharing service, was a significant step toward that aim. The platform can handle 2,000 transactions per second. As such, Tron is now on par with big payment processors like PayPal in terms of performance.
Tron, best of all, charges no transaction fees. In terms of price action, the all-time low of Tron was in September 2017 when it fell to $0.001. Whereas its highest ever token price was in January 2018 when it hit $0.30. As we touched on, Tron isn’t as volatile as other low-priced tokens.
At the time of this recording, Tron is among the top 15 most valuable cryptocurrencies by market capitalization at almost $6.5 billion. It is however still a crypto under $1 due to its high supply (currently a 92 billion circulating supply). Generally speaking, its price has sat between $0.05 and $0.15 in recent cycles. Some market analysts predict Tron could peg at $0.50 by 2025.
Moving on to Chiliz, a blockchain-based platform revolutionizing the sports and entertainment industry with fan tokens.
Chiliz is an entertainment and sports-oriented cryptocurrency project that’s one of the best cryptos to watch. Its digital token was launched in 2018. Socios is a fan engagement platform that works in partnership with some of the world’s biggest sports teams. Chiliz is the official cryptocurrency of the Socios platform, as well as the proprietary exchange.
As a result, fans may buy tokens and voting rights from their favorite teams on Socios. Fans who buy these governance tokens can influence the sports teams they follow. A team may, for example, allow holders of fan tokens to vote on the design of the shirts they wear.
This kind of blockchain-based sports fan engagement makes Chiliz one of the most promising cryptocurrencies on the scene. The market capitalization of this cryptocurrency at the time of writing is over $1.8 billion. The price per Chiliz token reached an all-time high of $0.89 in March 2021.
However, owing to significant price volatility that impacted the whole crypto market, the price fell below $0.40. By November 2021, the price had risen to roughly $0.50, but had then fallen down to $0.25 by the end of the year. At this time Chiliz sells for between $0.10 and $0.20 on the open market, making it a good investment for people looking for the best crypto under $1.
Chiliz is expected to gain more partnerships with various sports entities. As such, some price predictions indicate Chiliz could reach as much as $7 per token by 2025. Again, never take speculation as a given when investing in cryptocurrencies.
Now the last but not least, we have Ren - a decentralized interoperability protocol connecting different blockchain networks and paving the way for the future of DeFi.
Ren was launched in 2017 by IT and cryptocurrency professionals. It is an open protocol Ethereum token that allows any cryptocurrency token to be transferred across blockchains, creating transaction freedom for users. This enables developers to integrate tokens created on other blockchains into their applications.
Additionally, developers won’t need wrapped tokens that represent a coin from another blockchain. The team’s goal is to allow normal people all around the world to make secure, speedy, and private payments. Ren’s key distinguishing characteristic from other digital currencies is the Ryo Currency Algorithm, a powerful encryption software.
Moreover, as a guarantee of good behavior, network participants pay the token as a refundable bond. This crypto-asset fell to an all-time low of $0.01 in November 2018. Ren then skyrocketed to a high of $1.84 in February 2021. Ren has gone through several changes and integrations since its launch in 2017.
These are the Top Altcoins with rapid growth potential. If you enjoyed this video, hit the "Like" button, hit the "Subscribe" button, and turn on the notification bell to see when we'll be posting more videos. And if you have any questions or concerns, leave them in the comment section below and we will come back with another video.
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