Cryptocurrency is an ever-evolving and dynamic landscape with new exciting digital assets constantly appearing on the market, with some established coins continuing to set the pace. Several more recent projects have captured crypto investors’ imagination and have become among the fastest growing cryptos anywhere in the space.
With many platforms providing users and investors with similar use cases, projects offering users innovation and pioneering use cases to stay ahead of competitors or make waves in a new market are becoming increasingly popular.
To help separate the crypto wheat from the chaff, here are the eight fastest growing cryptos in April 2024.
What Are the Fastest Growing Cryptos to Buy Now?
The crypto market works in mysterious ways, making it challenging for investors to recognize which projects will likely snowball. Thankfully, projects in different crypto spaces are rapidly growing in popularity.
These eight crypto projects are the fastest growing cryptocurrencies in April 2024, examined in greater detail in this article.
Memeinator (MMTR) – The Future of Meme Coins
Shiba Memu (SHMU) — Unleashing Revolutionary AI in the Meme Coin Space
Chancer (CHANCER) — A Social Betting Platform Grabbing Crypto Fans’ Attention
AltSignals (ASI) — Turbocharging Your Trading Journey with AI Innovation
Metacade (MCADE) — Revolutionary Web3 Virtual Gaming Arcade
Avalanche (AVAX) — Powering the Next Gen of dApps
Solana (SOL) — High Performance Blockchain Provider
Polygon (MATIC) — Fast Growing DeFi Crypto Platform
1. Memeinator (MMTR) – The Future of Meme Coins
What is Memeinator?
With meme coins readily dismissed as little more than a joke, Memeinator is heading to the crypto landscape from the future to redefine what it is to be a meme coin. Sent from the year 2077 to clean up the meme coin jungle, Memeinator is a new player in the crypto sphere with genuine innovation, utility, and highly compelling tokenomics.
Memeintor has two stated aims. Firstly to rid the meme coin sector of the zero-value nonsense meme coins currently flooding the market and, secondly, to become the next $1 billion meme coin by market cap.
Memeinator has already mobilized a huge grassroots army of supporters to march with it as it aims to improve the quality of the meme coin landscape, with disaffected meme coin enthusiasts and collectors flooding the MMTR token presale in their droves. With AI powering a Memescanner tool that dynamically feeds into the platform’s Meme Warfare game, users can enjoy embodying Memeinator and eradicating pointless meme coins en masse.
Reasons to invest in MMTR
Memeinator isn’t just another meme coin, it’s a grassroots rebellion movement aiming to drive change within the meme coin sector for the greater good. Alongside the Meme Warfare game are plans for an NFT suite and token staking opportunities to enable MMTR token holders to earn a passive yield.
Meanwhile, its lofty ambition of hitting a $1 billion market cap looks thoroughly achievable thanks to its outstanding deflationary tokenomics. With only 1 billion coins available for public consumption, Memeinator aims to suppress token availability and maintain high buying pressure once MMTR hits crypto exchanges.
Before that, Memeinator recently launched its 29-stage crypto ICO on 27 September with earliest-stage tokens available at $0.01 each. The price will rise to an eventual $0.049, driving 390% returns for those who get in at the lowest ladder rung. Not only that, Memeinator is running a number of exciting giveaways during the presale, including a once-in-a-lifetime journey into outer space with Virgin Galactic’s Spaceline.
With coins currently available at $0.0133, Memeinator will likely become one of the fastest-growing cryptos in April.
Risks of investing in MMTR
Meme coins are notoriously volatile asset classes, even within the confines of the crypto space. One only has to look at the boom-and-bust performance of Pepe Coin earlier in 2023 to recognize that meme coins such as Memeinator are high-risk investments. However, unlike most other meme coins, Memeinator employs excellent deflationary tokenomics and offers investors excellent levels of utility, all of which should give this meme coin some long-term stability.
2. Shiba Memu (SHMU) — Unleashing Revolutionary AI in the Meme Coin Space
What is Shiba Memu?
Shiba Memu is a new meme coin aimed at making the most of the continuing surge in popularity in a market with a total market cap of more than $14 billion. A pioneering new project, Shiba Memu is harnessing the possibilities offered by AI technologies alongside the blockchain, allowing for a potential revolutionary offering in the meme coin space.
The platform’s AI-powered software will automatically adapt marketing strategies as it learns, meaning it’s not a static token. This integration of AI will allow Shiba Memu to create and execute new marketing strategies, publish content autonomously, and use bots to interact socially across forums without human intervention.
Reasons to invest in SHMU
Shiba Memu (SHMU) is worth paying close attention to for investors interested in adopting AI technologies within the blockchain space. The AI capability positions the platform to harness insights to create a competitive edge within crypto markets, helping investors gain an advantage. The result is a high level of utility built into Shiba Memu, which is often missing in other meme coins.
In addition, Shiba Memu’s development team understands the importance of community engagement and complete transparency. The platform’s AI-powered dashboard provides real-time updates on marketing strategies, allowing human users to interact with the AI engine.
Shiba Memu’s AI capability is far more than just a marketing tool. It monitors market trends and sentiments, ensuring that Shiba Memu can adapt with agility to real-time market shifts.
On top of that, the price of the Shiba Memu token will increase daily during its eight week presale event. The coins will start at $0.011125 and increase by a small percentage of $0.000225 daily, ending at $0.0514. This dynamic approach makes Shiba Memu stand out from other meme coins and makes it a compelling investment opportunity, especially for early investors.
Risks of investing in SHMU
Meme coins are traditionally limited in the level of utility they provide investors, which can make them a risky investment. However, Shiba Memu has real life utility and can automate time-consuming marketing tasks. This in-build utility gives Shiba Memu the potential to appreciate.
3. Chancer (CHANCER) — A Social Betting Platform Grabbing Crypto Fans’ Attention
What is Chancer?
Chancer is a new project set to redefine the entire online betting landscape with its innovative peer-to-peer (P2P) social betting platform. Chancer aims to make betting a more enjoyable and socially interactive experience by removing the need for a centralized “house,” or bookmaker, to set odds and rake in cash. Instead, players are empowered to create wagers and set odds on almost any event, whether a social bet between a group of friends to potentially viral wagers on massive global sporting, entertainment, and political events.
Chancer’s impressive decentralized ecosystem is integral to the platform’s appeal. Users can directly deposit digital assets onto the platform and use them as liquidity to create bets, which illuminates the need for a third party, such as a bookmaker, to set odds often weighted in their favor. Instead, Chancer’s team of moderators oversee each wager to ensure complete impartiality as bets get made and settled using the native CHANCER token.
Reasons to invest in CHANCER
The global online betting industry was valued at $60 billion in 2022 and is expected to grow year-on-year. With all online betting currently contingent on a centralized model and reliant on odds set by a central body, Chancer has seen an opportunity to grab a significant market share with its decentralized P2P model, making it a hugely attractive investment option.
Chancer is releasing its native CHANCER utility token in a presale at just $0.01 during the event’s first stage, providing early investors with an enticing and low entry point. With deflationary tokenomics built into it and high levels of utility expected to be delivered, demand for the CHANCER token could be very high.
In addition, Chancer’s platform aligns with the founding principles of crypto, such as decentralization and transparency, meaning that it may appeal to a large Web3 user base as a long-term investment option.
Risks of investing in CHANCER
All investments across all markets come with risks attached. However, the risks of investing in Chancer are minimal, thanks to its groundbreaking P2P betting solution. With the backing of plenty of positive attention in the crypto press and Web3 online community, investors that carry out due diligence in Chancer should be assured of low-risk levels when purchasing CHANCER tokens.
4. AltSignals (ASI) — Turbocharging Your Trading Journey with AI Innovation
What is AltSignals?
AltSignals has been a leading provider of trading signals to a vast online community of more than 50,000 members for over five years. Renowned for its outstanding AltAlgo™ trading indicator tool that enabled more than 1,500 signals sent with an average success rate of 64%, AltSignals is taking the next step with the release of ActualizeAI and a new crypto token, ASI, which is currently selling for $0.01875 during the stage 2 of its presale event.
ActualizeAI is in development to enhance the excellent outputs already provided by AltAlgo™ with the addition of cutting-edge AI technologies such as machine learning, predictive modeling, and sentiment analysis.
As more data becomes available and is integrated into the algorithm, ActualizeAI will continue refining its outputs' accuracy, frequency, and quality, providing traders with ever-improving trading signals to make profitable trading decisions. Combining an existing market-leading product with new technologies is set to propel AltSignals into a new realm.
Reasons to invest in ASI
The value of investing in ASI during its presale lies in its range of exciting features. For example, investors that buy a minimum of 50,000 tokens gain lifetime access to ActualizeAI outputs, allowing them to maximize profits throughout their trading journey, while those that purchase fewer ASI tokens gain access for a year.
Further benefits are available with the VIP AI Members Club, open to all ASI token holders. Features include access to the best presale opportunities and earning passive income through beta testing new features.
Experts predict a prosperous future for AltSignals, thanks to its novel adoption of AI technologies, alongside outstanding utility, that will likely drive the platform to even greater heights.
Risks of investing in ASI
AltSignals’ native ASI token also comes with plenty of mitigation against too much risk for new investors. A rarity among new crypto projects, AltSignals enjoys the support of a vast existing online community; there is less likelihood that the ASI token will flop once it goes public.
5. Metacade (MCADE) — Revolutionary Web3 Virtual Gaming Arcade
What is Metacade?
Metacade is a groundbreaking new online gaming platform that has sparked a significant movement in the gaming and crypto communities, largely thanks to its impressively structured roadmap. Its whitepaper outlines the project’s aim to become the world’s largest online virtual arcade while securing a leading role in the burgeoning GameFi sector.
The play-to-earn (P2E) capability Metacade provides is a crucial facet of one of the most comprehensive and rounded rewards mechanisms in the crypto gaming sector, allowing users of all abilities to profit while gaming. In addition, users are incentivized to contribute to community building by posting social content to the platform, participating in online competitions, and potentially pursuing a full-time career through the platform.
Metacade’s presale event caught the imagination of crypto investors worldwide, and the momentum has continued with the platform’s release on leading DEXs, including Uniswap, BitMart, and MEXC. With the platform’s total addressable market (TAM) increasing, MCADE is becoming one of the fastest growing cryptos to buy now.
Reasons to invest in MCADE
The MCADE token drives the utility in Metacade’s ecosystem, providing the platform with the medium of exchange and, more importantly for its users, powering the vast rewards system. It also provides the stimulus for one of Metacade’s chief innovative features, Metagrants, by providing the means for developers to gain crypto funding to support the development of new exciting GameFi tokens, helping Metacade to stay ahead of the competition.
In addition, MCADE will become a full governance token once the platform’s devolution to a decentralized autonomous organization (DAO) is completed in 2024, adding further value to MCADE’s investors. With such exciting and pioneering features and a superbly mapped-out future, MCADE has significant growth potential.
Risks of investing in MCADE
Metacade is another project that looks to become a market leader in its specific Web3 sector. With enormous growth expected in the GameFi sector over the next five years, the sky’s the limit for MCADE. The only risk to MCADE’s value is the overall volatility of crypto markets, but Metacade’s thorough roadmap should protect it from much instability.
6. Avalanche (AVAX) — Powering the Next Generation of dApps
Avalanche is a leading blockchain provider powering an ever-increasing number of next-gen decentralized applications (dApps). The platform focuses on scalability, interoperability, sustainability, super-fast confirmation speeds, and low transaction fees. The result is a versatile, eco-conscious space for developers to work in.
As one of the many blockchain spaces created in response to the inflexible and unwieldy layer-1 original chains by Ethereum and other big names, Avalanche has grown to become a serious player in the dApp sector thanks to its emphasis on enabling cross-chain interoperability via its use of subnets.
These allow users to quickly and efficiently transfer assets and data between different ecosystems, promoting a more connected space where collaboration and synergy between disparate networks can flourish.
Reasons to invest in AVAX
The native AVAX token powers the Avalanche ecosystem. Aside from providing users with utility, the AVAX token confirms smart contracts via the platform’s slick proof-of-stake (PoS) consensus mechanism. Users stake their AVAX tokens to enable and validate this protocol, allowing Avalanche to maintain and assure the platform’s integrity and security.
As a result, AVAX token holders that stake their tokens gain passive income with a percentage of each transaction, helping incentivize AVAX token holders to want to contribute to the platform’s ongoing success.
Risks of investing in AVAX
As with all crypto investments, Avalanche’s most significant risk comes from the natural volatility of crypto markets and global market forces. However, other dangers to AVAX token holders’ profitability could come from the increasing number of industry competitors offering increasingly impressive blockchain solutions prioritizing scalability, interoperability, and sustainability.
7. Solana (SOL) — High Performance Blockchain Provider
Solana is another big player in the blockchain sector, initially set up in response to the many challenges developers faced using the cumbersome Ethereum platform. Solana's hybrid consensus mechanism that combines proof-of-history (PoH) with PoS makes it stand out from the competition. This enables greater capacity, delivering speeds of up to 65,000 transactions per second (TPS).
This ability makes Solana a terrific option for dApps that rely on seamless and fast transactions. Developers can rely on rapid block finality without suffering a fall in network performance as demand for the platform increases.
Reasons to invest in SOL
Solana is a competent and flexible platform that hosts dApps, decentralized finance (DeFi) solutions, and GameFi experiences. The platform delivers excellent scalability, increasing demand without threatening application performance. Programming languages Solana is one of the fastest growing cryptos to buy in April 2024.
Risks of investing in SOL
Solana has been one of the up-and-coming cryptos for some time and continues to set the pace at the forefront of the blockchain sector. However, investors should undertake due diligence before investing in SOL as it comes under pressure from competitors seeking to unseat it. This is in addition to the usual price fluctuations in crypto markets.
8. Polygon (MATIC) — Fast Growing DeFi Crypto Platform
What is Polygon?
Polygon’s layer-2 solution has become a favorite in the DeFi space thanks to its highly scalable solution that provides unparalleled interoperability between Ethereum-compatible blockchain networks. Developed to solve the issues of slow speeds and exorbitant gas fees that dogged many early and well-established crypto projects, Polygon has become one of the fastest growing crypto platforms in recent years.
Polygon has a unique ability to solve the speed and gas fee problem without compromising security. The network was built on Ethereum’s layer-1 chain, thus enabling its easy connection with other Ethereum-based projects and ability to process Ethereum-based transactions alongside excellent scalability.
Reasons to invest in MATIC
Powered by the native MATIC token, Polygon has become a leading facilitator of interconnectivity between Ethereum-compatible networks. This interoperability has made Polygon home to several dApps and DeFi solutions, thanks to its low transaction fees and rapid block finality. As a result, Polygon has quickly grown to host NFT launches and NFT collections from a range of big names in the fashion, sport, and corporate world.
Risks of investing in MATIC
While Polygon is seen as a low risk investment, thanks to its hefty market capitalization, high trading volume, and unique Ethereum-focused use case, MATIC is at risk from global economic forces that affect markets across the board, including crypto.
Determining Which Projects Were the Fastest Growing Crypto To Buy In April 2024
Each coin was evaluated to identify the eight fastest growing cryptocurrencies to buy in April 2024, with several crucial factors considered to determine their growth potential.
Availability
The availability of tokens was checked on different exchanges. The greater the availability, the easier the coin is to trade and ensure liquidity to support the platform’s ongoing operation.
Long-term utility
Understanding the long-term utility of a crypto token helps investors understand the level of technology, use cases, and whether the platform will help solve real problems. The greater the utility, the greater the growth potential for the platform.
Underrated pricing
Pricing is one of the main drivers when investing in a platform. Finding coins that deliver excellent utility at low prices is the ideal combination since these platforms will likely provide a high potential for impressive returns and profits.
Other Things To Consider When Investing in Cryptocurrency
Investing in any market can be fraught with risk and uncertainty. However, performing due diligence and understanding your investment's potential pitfalls can lead to making profitable decisions. Here are some of the most crucial things to understand before investing.
Budget
Understand how much you can afford to invest and your investment goals. Although no one invests to lose money, never invest more than you can afford to lose, particularly in a volatile environment such as crypto markets.
Risk tolerance
Cryptocurrencies experience significant price fluctuations, even outside of times of global economic uncertainty. As a result, crypto investment is risky yet can be an enriching asset class.
Coin use case
Not all cryptocurrencies have compelling applications. Finding those seeking to resolve a problem or identifying a gap in a particular niche or market make some of the best long-term investment opportunities.
Security and regulation
The crypto space, particularly in the US, will become increasingly regulated. Take enough time to examine and understand the complexities of each platform’s security and regulatory landscape to mitigate the risk of being caught up with legal issues.
Why These 8 Fastest Growing Cryptos Are Best To Buy In April 2024
After a thorough examination, these eight platforms are among the fastest growing cryptos in April 2024. As the crypto industry continues to emerge from the challenges of 2022, the future will likely involve all of these platforms in the coming years.
From the Memeinator’s anti-meme coin stance to Shiba Memu’s cutting-edge AI-driven marketing strategies to the exciting peer-to-peer model of Chancer’s revolutionary social betting platform, these new cryptos bring something new to the market. With the overwhelming profit-making possibilities provided by AltSignals’ new Actualize AI trading toolkit and opportunities delivered by Metacade’s groundbreaking GameFi rewards system rounding out our list, these eight mid to low-market cap cryptos are, in many analysts opinions, the best to buy in April 2024.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
