3 cryptos that even outshine the booming Bitcoin

The fourth Bitcoin (BTC USDThe April 20 halving made cryptocurrency investing a hot topic in 2024. Mining rewards fell from 6.25 BTC to 3,125 Bitcoin, limiting supply and typically leading to higher Bitcoin and altcoin values.

During the rapid growth of the crypto market, opportunities arise for investors looking for profits. Risk-averse individuals look for cryptos with solid fundamentals and positive price reactions. Conversely, risk takers prefer projects that promise quick 10x or 100x returns.

Regardless of preference, the goal is profit. Let’s look at three fast-growing cryptos worth considering. From here they may not be 10x or 100x higher, but they could have more upside potential than Bitcoin based on their fundamental growth metrics and relative scale advantage.

Solana (SOL-USD)

Solana (SOL USD) is rapidly gaining traction, attracting investors with its improving technology and increasing trading volume. It is gaining traction in cryptocurrency, suggesting it has the potential to compete with Bitcoin soon.

Solana also offers particularly low transaction costs, typically less than half a cent. And it executes transactions in about a second without causing network congestion. On the other hand, there are gas fees ether (ETH-USD) Network usually costs tens of dollars. This makes the Solana network a preferred option for developers and users looking for cheaper and cost-effective transactions.

Additionally, Solana offers a wealth of data sources and tools with multiple hardware and software wallet options such as Ledger Nano X and Phantom. For those looking for real value in the decentralized finance world, Solana currently appears to be a top Layer 1 network to bet on.

Toncoin (TON-USD)

With an increase of 138% this year Toncoin (TON USD) reached a new high of $5.69 at the same time as Telegram launched revenue sharing. Toncoin has seen an impressive rally over the last month. The value more than doubled when it was announced that Telegram, a major social media platform linked to the crypto project, could be heading for a price initial public offering. While this is still a speculative catalyst, it is certainly something investors are watching closely.

Toncoin’s 101% rise in a month to $5.69 followed news of a possible Telegram IPO. Telegram supported the Ton network in 2018, and initially several leading Telegram engineers were behind the project.

Telegram’s new feature shares 50% of Toncoin’s advertising revenue with channel owners. This important announcement led to TON’s recent rise, with some analysts predicting even more upside to come. After the launch, TON rose over 5% to reach $5.48. Its market capitalization is now $18 billion, making Toncoin the ninth largest token.

Additionally, the TON Foundation launched the Open League with a rewards program worth over $115 million for Toncoin. This helped increase the token’s TVL growth by over 70% and daily active wallets by 370%. Since launch, TON has seen a 14% increase on investor confidence.

Tron (TRX-USD)

Decentralized blockchain network Tron (TRX USD) offers an excellent platform for DApps and smart contracts. Its native token, TRX, is known for excellent payment transactions and mandated user engagement. Its goal is to become a more scalable and cost-effective choice than other decentralized systems, even better than Bitcoin or Ethereum.

Additionally, Tron uses Delegated Proof of Stake (DPoS) Consensus mechanism that enables faster transactions with lower energy consumption. The TRX token performs multiple functions including but not limited to the operation of smart contracts and dApps. Its smart contracts can easily automate processes.

The Tron team has emphasized the continued importance of these non-traditional tokens and believes they will continue to play a prominent role in the crypto landscape. Their potential role in future bull runs is crucial, and many point to the support of influential figures such as Elon Musk for various meme coins in the past. If Tron can gain momentum as a wave of altcoin buying hits the market, it will be a top token worth considering given its performance at current levels.

At the time of publication, Chris MacDonald did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.