12 Fastest Growing Cryptocurrencies in 2023

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Numerous crypto projects are added to the blockchain every day, but many fizzle out due to lacking utility. Some cryptocurrencies blossom because they provide real-world solutions and are accompanied by effective marketing campaigns. 

We scoured the market and found the fastest growing cryptocurrency. Successful cryptocurrencies have provided significant returns to investors, so we highlighted some projects that may prove to be worthwhile investments. 

Let's analyze the different cryptos with fast growth and determine their potential.

The Top Fastest Growing Cryptocurrencies Right Now

Our research has led us to conclude that the following cryptos have demonstrated tremendous growth:

1. Wall Street Memes ($WSM) - A unique anti-capitalist-driven meme coin developed by a team with a huge social following and proven success in the space. The $25 million it raised in twelve weeks of its presale makes it one of the fastest-growing tokens in the space, and it also has a large social following above 1 million. 
2. Bitcoin BSC ($BTCBSC) - This rapid fire presale has already sold $1.3 million worth of coins in just 7 days. It's a $0.99 BTC clone on a high powered BNB Smart Chain to offer high yields and potential price appreciation for investors looking for the next big crypto in 2023. 
3. Launchpad XYZ (LPX) - A portal giving users access to a range of Web3 services and activities. Hold $LPX tokens to access presale listings and get discounts on trading fees. Around $1.5 million raised in its ICO.
4. yPredict (YPRED) - THE $YPRED token allows users to purchase subscriptions to access AI and machine-learning-powered trading insights on the crypto markets. This token can be used to generate passive income - more than $3.8 million raised in its presale.
5. Chimpzee (CHMPZ) - Multi-faceted crypto ecosystem that allows users to earn rewards at the same time as funding charities that fight climate change and preserve wildlife. Closing in on $1.4 million raised during the presale.
6. Scorpion Casino (SCORP)  - Fast-growing crypto casino and betting platform that provides a passive income to holders. More than $1m raised in the presale.
7. BTC20 ($BTC20) - Built on the Ethereum blockchain, BTC20 is replicating the token supply and long vesting period of Bitcoin while introducing staking mechanisms. Presale successfully completed. 
8. Polygon (MATIC) - An Ethereum-compatible network providing layer 2 scaling solutions.
9. Solana (SOL) - A smart contract platform offering high transaction speeds. This platform can handle 5,000 - 10,000 transactions per second.
10. Decentraland (MANA) - One of the largest metaverse ecosystems. Hold $MANA to enter and buy land on a virtual environment and enter the DAO. 
11. Ripple (XRP) - An efficient cross-border payments solution partnering with banks.
12. The Sandbox (SAND) - This is a popular metaverse and asset-building game with an expanding user base.

Fastest Growing Crypto Reviews

Most traders looking for ways to make money with cryptocurrency will be on the hunt for the fastest growing cryptos in 2023.

Now that we've listed the cryptos with the fastest growth, let's get into their details to find out the mechanics behind the projects.

1. Wall Street Memes —  Fastest Growing Crypto in 2023 With a Huge $25 Million Presale Raise

We start our review with Wall Street Memes ($WSM), a coin inspired, in part, by the GameStop craze. Thanks to social media, the project was in the spotlight even before its presale in May 2023. 

This popularity, along with its branding and mission, has helped it raise over $25 million in just twelve weeks - making it the fastest-growing crypto on our list.

Wall Street Memes was conceived by Wall Street Bulls' creators, a team of developers who rose to prominence in 2021. The brand originated from the Wall Street Bets subreddit that discussed investment strategies and trading tactics. 

Wall Street Memes was an offshoot that shared funny memes and content and now has more than a million followers on social media - with Elon Musk a known fan having interacted with the page on multiple occasions.

Their first endeavor in crypto was the Wall Street Bulls NFT collection that sold 10,000 non-fungible tokens in only 32 minutes and then sold out a Bitcoin Ordinals NFT collection. 

It looks like WSM is on the same path with its huge early success and hype around the project. The network’s aim to “tokenize” meme popularity struck a chord with numerous crypto enthusiasts. It even managed to gain support from various influential figures, including Elon Musk.

Even with this initial success, WSM has a long way to go. Its whitepaper describes a 30-stage presale and plans for future listings on DEX and CEX, partnerships, expansions, exclusive content, and more. Users can get a sense of what’s to come by participating in WSM’s first airdrop. The giveaway will split $50,000 worth of tokens between five lucky winners by the end of 2023.

If you’d like to join, you can follow the group on various social networks like Telegram. Purchasing its native coins will help your winning chances. $WSM’s current price is discounted, so there’s little risk involved. 

You can buy your first $WSM for only $0.0377 a token - but it is expected to list on a T1 exchange soon, with a possible price increase. 

2. Bitcoin BSC - Quick Selling Presale With $1.3M Raised Within 7 Days & 422% Yields

Bitcoin BSC ($BTCBSC) is a PoS BEP20 project that simulates Bitcoin as it was in 2011 to generate staking rewards, which are currently estimated at 422%.

This allows for the psychological appeal of investing in Bitcoin in 2011 for just $0.99, but enhanced with a much superior BNB Smart Chain. Rewards are paid out in 10 minute intervals, similar to BTC, and there is a 120 year token vesting period.

The strategy is clearly working, with $1.3 million raised in a short period of time. Many other presales do not reach this amount with months of marketing, while Bitcoin BSC has done it within just 7 days, launching on September 5th 2023.

The BNB Smart Chain also allows for vastly increased utility, which is another viable reason that this presale is selling out so quickly. 

Being a PoS project, it can generate staking rewards through smart contracts. But the underlying engine is more powerful, faster, lower cost, and more eco-friendly than the original PoW model deployed by Bitcoin.

The BNB Smart Chain can handle thousands of transactions per second (BTC can handle about 7) and costs about $0.10 on average (BTC transaction costs can range between $3 and $10, depending on the network). 

With staking, there is no harmful mining activity and rewards are democratized to all users, as opposed to a small group.

The project has also undergone a third party Smart Contract Audit from Coinsult, and zero issues were found within the code base. 

No tokens have been withheld by the core team - 69% goes towards the staking pool (about 14 million tokens), 29% to the presale (6.125 million tokens) and 2% to DEX liquidity.

If it keeps up similar speeds, this presale could be complete within a matter of weeks, reaching its $6 million hard cap. 

To participate, investors will need to have a Web3 wallet and some crypto (ETH, USDT, BNB). Credit card is also acceptable. 

More info can be gleaned from the Whitepaper, which should be deeply explored prior to investment, alongside the Twitter and Telegram channels. 

3. Launchpad XYZ - All-in-One Web3.0 Cryptocurrency Ecosystem 

With the rapid development of the Web3.0 sector, Launchpad XYZ aims to release an ecosystem that will make different services accessible through one portal. The platform will deploy its own token, $LPX, to maintain the ecosystem, offer discounts on trading, and access to other environments. 

This cryptocurrency is available for only $0.0445 through the ongoing presale. Currently, on round one of a ten-stage presale, the price of $LPX will jump to $0.7. This equates to a 100% price increase. From a 1 billion total supply, 250 million tokens have been allocated for the presale. 

The token can be used within Launchpad XYZ’s NFT decentralized exchange to avail trading discounts. Users that stake at least 1,000 $LPX monthly can also get access to more partner discounts. 

Users can access hundreds of crypto trading pairs through the decentralized exchange and take out perpetual contracts. Launchpad XYZ will also offer its own Web3 wallet. This can be registered by entering an email address or phone number. 

Through the Web3 wallet, users can access new Web3.0 presale listings on the ecosystem. Those that stake $LPX will get guaranteed access to the listings. The tokens will be claimed and transferred directly to the wallet. 

The wallet can also be used to interact with other DApps (Decentralized Applications), swap tokens, and get self-custody of your assets. Another feature of Launchpad XYZ is its NFT site. Users can directly access the top NFT marketplaces through the platform and curate their own NFT collections. 

One can use $LPX to purchase fractionalized assets, which include items of historical value such as art and real estate. Since the Launchpad XYZ presale started, the project has raised around $1.5 million.

Interested readers can go through the Launchpad XYZ whitepaper and join the Telegram channel to stay updated. 

4. yPredict - Next-Gen Crypto Trading and Analytics Platform 

yPredict gives users access to various data-driven marketing insights through its financial marketplace. One can purchase monthly subscriptions with $YPRED, the native token on presale. 

Since the presale started, the token has raised more than $3.8 million and is in its penultimate stage.

On the financial marketplace, predictive models are provided by AI developers and researchers. These models give a future outlook on how certain digital assets may perform. The platform leverages AI tools such as sentiment analysis to determine the popularity of various digital assets. 

yPredict even has a patent pending chart recognition algorithm, which dictates whether a certain coin is bullish or bearish. Other features include AI trading signals and technical indicators. The $YPRED token is rushing through its presale due to the different use cases it provides. 

For instance, existing token holders can earn a potentially high APY (Annual Percentage Yield) by staking $YPRED. 10% of the revenue generated through new subscriptions is distributed to existing customers. Furthermore, 15% of the platform’s swapping fees are sent to a staking pool. 

On yPredict, users can also join a play-to-earn ecosystem. On this ecosystem, members can make directional bets on the future of various tokens. The best performers are rewarded with $YPRED as a reward. 

Furthermore, yPredict will also offer a Learn2Earn ecosystem. Users can increase their knowledge through this platform by taking quizzes and assessments. Every time you successfully take an assessment, you earn $YPRED tokens. 

Thus, many have been purchasing $YPRED through the presale due to all these different use cases.

Currently, the token is priced at $0.10 per token and by the next stage - which is the final one - the price will jump by 20% to $0.12.

To learn more about the project, read the yPredict whitepaper and join the Telegram channel. 

5. Chimpzee (CHMPZ) - Fastest Growing Passive Income Crypto That Saves the Planet

Chimpzee is another one of the fastest-growing cryptocurrencies in 2023. The project provides a passive income to its users while simultaneously making charitable donations to organizations focused on preventing global warming and saving wildlife. 

The entire premise behind the project is to use Web3 to increase public awareness of the dangers of global warming while providing financial contributions to notable charities, including The Giving Block, One Tree Planted, and the Wild Foundation. More than $1.3m has been raised so far.

The project is centered around Max Chimpzeeski’s creation - a brilliant scientist with a heart of gold born in the depths of the African jungle - who’s on a mission to save the planet from climate change. Max has used his genius to create a Web3 weapon called Chimpzee that uses a vibrant ecosystem that protects nature, helps save the forests and benefits mankind.

The brilliant scientist has combined three components of Web3 - Shop-to-Earn, Trade-to-Earn, and Play-to-Earn - to create an ecosystem that provides a passive income to NFT holders and gives back to charitable organizations.

The Chimpzee shop is the Shop-to-Earn component and is the central commerce center that allows users to earn CHMPZ tokens on branded goods in the store. A percentage of all profits are donated to charities that share our mission.

The NFT Marketplace is the Trade-to-Earn component. It will be the first NFT marketplace in the world that shares a percentage of the trading fees with active users on the platform. Chimpzee NFT passport holders will receive a large share.

The Play-to-Earn component is the Chimpzee Zero Tolerance game, a fun P2E game that is the main entertainment component of the ecosystem which allows users to earn CHMPZ tokens when they reach certain milestones. Players that use their NFT Passport in the game receive boosted rewards to earn more tokens.

The project is currently hosting a presale for the CHMPZ tokens and is expected to explode once the ecosystem starts to make donations to charity. Free Bonus tokens will be available only during the presale. 10% of the total coin supply will also be donated to charity to help bootstrap the charitable side of the project. 

6. Scorpion Casino - A Fast-growing Crypto Casino and Betting Platform

With the widespread accessibility offered by the internet, sports betting and casino platforms are experiencing a steady rise in popularity. However, these platforms currently rely on centralized technologies, which come with various limitations. 

Fortunately, blockchain technology presents a solution by introducing fairness and transparency into the equation. Scorpion Casino is actively leveraging blockchain to achieve precisely this objective - over $1m has now been raised in the presale.

The ecosystem of Scorpion Casino revolves around three core elements: the Scorpion Casino platform, the affiliate system, and the SCORP token. The platform itself is a licensed cryptocurrency-based betting and casino platform. In parallel, the affiliate system operates as a referral and reward mechanism, while the SCORP token plays a pivotal role as a governance and reward token for users.

Scorpion Casino presents an extensive collection of games, featuring over 200 casino games and 160 live games. These games are licensed and undergo rigorous, fair play verification, ensuring a trustworthy and reliable gaming experience. Players can enjoy popular titles such as slots, blackjack, roulette, poker, and a captivating selection of live casino offerings. 

The casino has established partnerships with major providers, including Evolution, NetEnt, Play N Go, Novomatic, EGT, and AMATIC. Additionally, sports enthusiasts can immerse themselves in a diverse range of sports betting options, encompassing football, tennis, American football, horse racing, basketball, golf, boxing, and MMA.

Within the ecosystem, the SCORP token holds a central position, offering users four notable benefits. Firstly, it serves as the exclusive payment method within the ecosystem. Additionally, token holders have the opportunity to earn passive income through their token holdings. The token also unlocks weekly bonuses and free games, enhancing the overall user experience. Moreover, the SCORP token plays an integral role in the affiliate system, contributing to its functionality and success.

Scorpion Casino provides enticing benefits to attract more users, such as the opportunity to earn up to $10,000 in daily passive income by holding SCORP tokens. Users can also enjoy additional rewards starting at $1,000 and gain access to the Elite Scorpion Members Club. This exclusive club offers VIP service, cashback, extra staking rewards, and more SCORP tokens.

The SCORP token has a maximum supply of 1 billion, out of which 280 million SCORP tokens are allocated for the presale phase. In addition, 300 million SCORP tokens have been designated for rewarding affiliates, providing further incentives for participation.

The Scorpion Casino team has devised a comprehensive roadmap outlining their plans for the future. This roadmap includes exciting developments such as live affiliate events, partnerships, marketing campaigns, and collaborations. The latter part of the year will primarily focus on scaling the platform to attain substantial growth and expanding its range of offerings, with the goal of creating a more robust and immersive platform experience.

7. BTC20 ($BTC20) - Ethereum-Based Low Supply Cryptocurrency Based on Bitcoin Strengths

BTC20 is a unique cryptocurrency project that aims to combine elements from two of the most popular cryptocurrencies, Bitcoin and Ethereum - similar to Bitcoin, $BTC20 has a supply of 21 million tokens. 

However, the cryptocurrency is built on the Ethereum blockchain, which is a more sustainable alternative in the space. This proof-of-stake token can also be leveraged to earn passive income via staking on the platform and is a rapidly growing crypto that has now raised $1.8 million in just a week since launch. 

Currently on presale, BTC20 has allocated 6.05 million tokens at a price of $1. The cryptocurrency is paying homage to the time when BTC was priced at the $1 mark back in April 2011 - the first stage of the presale will allocate 3 million tokens, and the final stage will offer 3.05 million tokens. 

Any unsold tokens will be added to a staking contract before the decentralized exchange takes place. On the BTC20 staking mechanism, users can stake their tokens and earn higher rewards as the number of staked token holders increases. After every block confirmation on the blockchain, a certain number of tokens are released. 

The tokens will gradually be released over the span of 120 years, similar to Bitcoin’s blockchain. This design will help ensure long-term stability and promote token holders to stake tokens and earn rewards over time. 

Due to the limited token supply, interested investors may prefer to buy $BTC20 before the exchange listing takes place. A limited supply can help make $BTC20 more valuable and one of the fastest-growing cryptocurrencies in the years ahead. 

To learn more about this new cryptocurrency project, read the BTC20 whitepaper and join the Telegram channel. 

8. Polygon (MATIC) - Ethereum-compatible Network Providing Layer 2 Solution

Polygon's platform connects Ethereum-compatible blockchain networks. Its key function solves problems regarding slow speeds and high gas fees, which many crypto projects have experienced.

The appealing factor of Polygon is that it solves the speed and fees issues many blockchain users experience without compromising security. The project's founders built Polygon on top of the Ethereum blockchain, enabling it to process Ethereum-based transactions while offering scalability.

Polygon's transactions are processed faster because it functions on a separate blockchain. And the best part is that Polygon's transactions are cheaper than Ethereum's.

One of the key reasons for this project's adoption growth is the ability of developers to create decentralized applications. Polygon's platform is also used for NFT launches and several big corporations have launched NFT collections and Web 3.0 projects on the Polygon network. Wondering where to buy MATIC in 2023? The best crypto apps offer the most popular digital assets as well as a secure crypto wallet.

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9. Solana (SOL) - Smart Contract Platform Offering High Transaction Speeds

Solana is possibly the fastest growing crypto coin, having provided early investors with more than 20,000% returns. SOL's hype isn't merely based off celebrity endorsement, but the token solves a massive problem.

It provides high transaction speeds at a low cost. Investors use SOL to pay transaction fees on the network and enjoy smart contracts. Solana is an ever-expanding project, as it aims to improve blockchain scalability.

By using proof-of-stake and proof-of-history technology. Solana plans to develop its network to process more than 60,000 transactions per second. The fees for using Solana's network are mere pennies. 

Investors who buy Bitcoin can incur fees of more than $50 and wait several hours for the transfer to reflect, depending on network usage and other factors. The key advantage of using Solana is that investors enjoy fast, affordable and scalable transactions.

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Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

10. Decentraland (MANA) - Metaverse Gaming Platform with DAO Governance

Decentraland's mission was to build the first ever virtual world owned by its users. Joining this game enables players to explore LANDs, divided into 90,000 parcels, to traverse through fascinating scenery and structures. 

Players build up their lands as they please, and some of the interesting infrastructure found in Decentraland are medieval dungeon mazes and villages. 

The game enables players to acquire more land with the platform's native token, MANA. Players can also use the builder tool to create scenes, artworks and challenges - even charging a fee for other players to enter.

A key attraction of this NFT game is that a Decentralized Autonomous Organization (DAO) governs its policies, stipulating how the platform functions, and the demand for Decentraland's parcels increased drastically in 2021.

It appears that the demand and growth of this platform are set to continue in 2023, where Decentraland has announced partnerships with big corporations, enabling them to purchase digital land and advertise their brand.

Buy MANA on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

11. Ripple (XRP)- Efficient Cross-Border Payments Solution Partnering with Banks 

Ripple is a fintech company based in San Francisco, determined to provide effective payment solutions to users globally. XRP, its native token, was designed to help people receive money efficiently and at a low cost.

It has managed to provide both, as XRP transactions take mere seconds to reflect on the other side of the world and cost pennies. Ripple's goal of enabling peer-to-peer transacting has been achieved, but it has its sights on massive corporations.

Although Ripple's community, referred to as the XRP Army, has a large influence on the coin's price movement, it's the partnership with banks that increased adoption. 

Numerous Asian banks and payment providers have partnered with Ripple to use XRP as a means to send large blocks of transactions across the world at a minimal cost - XRP's price has proven to react favorably to Ripple's partnerships.

The hindrance in XRP's price has been Ripple's ongoing lawsuit with the SEC - the US Securities and Exchange Commission is suing Ripple for sales of unregistered securities and has claimed that XRP is a security.

But XRP's support from the army has led to a significant price pump, resulting in more than 1,300% returns for investors who bought the coin in March 2020 and held it until April 2021. That rally proved even a lawsuit cannot prevent XRP's price from pumping.

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Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

12. The Sandbox (SAND) - Asset-Building Game with Expanding User Base 

Another Metaverse game that has made a lot of noise with the NFT community is The Sandbox. This crypto game enables players to monetize their piece of LAND and use avatars to turn their NFT collection into a life-like form.

Owning LAND enables players to build experiences, host events and invite friends and they can also increase the value of their land by adding infrastructure and then selling it for profit. Players need to own $SAND, the game's token, to buy and sell assets and land in the Metaverse.

The Sandbox's user base grew significantly in 2021, with a wallet database reaching 500,000 and several thousand users spending more than an hour in The Sandbox, developing their land. 

Another key development has been this game's partnership with big brands, making it a key crypto to watch in the future.

Some of the artists The Sandbox teamed up with are Snoop Dogg, DJ Richie Hawtin and Deadmau5. Another collaboration is with Adidas, which bought a piece of land on the platform to promote its brand.

Buy SAND on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply. 

The Criteria for Ranking the Fastest Growing Cryptos

To determine the fastest growing cryptocurrencies, we used several factors. Let's explore each of them in detail.

Supply

Assets high in demand are usually in low supply - investors struggle to buy them, so they're willing to pay a premium for ownership. Scarce assets are valuable, and a finite supply, such as Bitcoin's, makes investors eager to invest in the project.

Popularity

It's no secret that the reason some of the hottest cryptos rallied is because of popularity, manifested from celebrity endorsements and strong social media backing.

Dogecoin is a perfect example, receiving Elon Musk and Mark Cuban's backing, even though the coin had virtually no utility and was developed as a joke.

But Dogecoin's popularity resulted in the coin going on an epic bull run, providing investors with more than 10,000% who bought coins at the beginning of 2021.

Age

Bitcoin is the first crypto developed on the blockchain and has been around the longest. It's one of the reasons it has the highest market cap of all coins and was one of the fastest growing crypto on Coinbase.

But new crypto projects have proven they can also make an impression on investors if they solve a real-world problem. 

Utility

Some coins get away with providing almost no utility and managing to have significant price pumps- a good example being Dogecoin - but such coins lose their appeal fast and experience a massive price crash.

The only cryptocurrencies that can have longevity are the ones that provide utility and continued use case, either helping to solve a problem on the blockchain or providing continued entertainment.

Staking

Many investors now consider staking as one of the best ways to get rich off crypto. Staking involves investors using the coins they own to earn more coins by locking them away on an exchange. Investors earn interest by staking their coins, which they can exchange for fiat currencies.

Not all coins can be staked, and some stake coins offer lower interest than others.

Conclusion

We've highlighted the key criteria for selecting the fastest-growing cryptocurrencies, and we applied them to all the cryptos featured in this guide. 

One of the fastest-growing cryptocurrency assets right now is Wall Street Memes ($WSM). It’s a meme coin developed in response to the big corporations’ monopolistic tendencies in the traditional financial market. 

The presale has already collected more than $25 million in just twelve weeks since it launched.

FAQ

What qualifies as fast growing crypto?

Cryptocurrencies that have experienced tremendous growth by raising large amounts of money during early funding, significant increases in wallet userbase, massive coin price spikes and transaction increases would make a crypto fast growing.

Which crypto is the fastest growing this year?

Wall Street Memes is an exciting new crypto project that has raised over $25 million in just twelve weeks through its ongoing presale. Currently, $WSM, is priced at $0.0333 per token.

How do I know which cryptos will grow fast?

A good indication of a crypto coin that may grow fast is usually evidenced in its presale -  Wall Street Memes, Bitcoin BSC, yPredict, and Launchpad XYZ are clear examples of investors flocking to a presale.

What cryptocurrency on Coinbase is the fastest growing?

Several cryptocurrencies have provided massive returns for investors such as Bitcoin and Cardano. Solana is another coin that had a huge rally.

What crypto grew the fastest this week?

Wall Street Memes has secured more than $25 million in seed round funding in just twelve weeks since its presale went live.