A new report by cryptocurrency exchange eToro looks at projects that have grown in popularity amid altcoin investors this year.
According to eToro, the fastest growing altcoin projects of the year
According to the information of the exchange, there was a wide variety of cryptocurrencies that have grown rapidly since last year. The first altcoin on the list, Decentraland, registered an astonishing 437% increase in the number of investors on eToro compared to the third quarter of last year. Metaverse coin jumped from $ 0.78 to $ 5.48 in the same time frame.
Decentraland (MANA) is a blockchain-based metaverse project. It is still amongst the top 50 cryptos with a market cap of over $1 billion. But with more and more competitors in this area, it will be interesting to watch Decentraland’s progress.
Second on the list is the Shiba Inu with strong growth of 269%. Breaking the $41 billion market cap at its peak, SHIB is now 87% behind. Enjin (ENJ) rounds out the list in 3rd place. It was remarkable that it gained such popularity as a gaming token.
Cryptocurrencies reaching the most wallets
When we look at cryptocurrencies in terms of the total number of users, Bitcoin ranks surprisingly high. Leading crypto actually took second place on eToro last year, behind Cardano, which has a famous community. Ethereum comes in third. But it’s Shiba’s leap that is truly the most shocking compared to last year. The chest token was ranked sixteenth in Q3 2021. It now ranks sixth, just one place behind the famous Dogecoin. Koindeks.comAs you follow, there are a few announcements behind this momentum.
According to eToro’s listing, Stellar and IOTA are becoming more and more popular amid crypto investors. Both cryptocurrencies recorded growth compared to the previous quarter.
eToro is an exchange that offers cryptocurrency and stock trading. It was in the midst of the first companies to support cryptocurrency processes when it added Bitcoin (BTC) backing in 2014. Shortly after, it added reinforcements for Ethereum (ETH) and Ripple (XRP). Today, eToro supports more than 40 cryptocurrencies on its platform. It provides an institutional-grade crypto exchange for professional traders and offers a multi-currency crypto wallet.
eToro and eToroX supplement more than 40 cryptocurrencies. Here are some of the most recognizable altcoin projects on eToro:
- Bitcoin Cash (BCH), Cardano (ADA), Dash (DASH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Polkadot (DOT), Polygon (MATIC), Solana (SOL), and Stellar Lumens (XLM) )