There are several ways to identify the most profitable cryptos. The classic way is to look at the percentage of variation over one day, month or year... Well, that's pretty interesting, but it does not tell you which one will grow in the near future, and that's what you would like to know, right?
Another way is to look at the crypto fees, i.e., among the numerous crypto projects, which ones are people actually paying to use?
There is a wonderful tool to track that, called https://cryptofees.info/. I propose to make a weekly review of these crypto fees by projects. Let's start:
You can quickly see that just below Ethereum and Binance Smart Chain, which are still pretty good assets through their top coins - Ethereum (ETH) and Binance Coin (BNB), there are three Ethereum ecosystem projects. Therefore, it might be worthwhile to have a look at each of these three projects. However, the next question is: What is the inflation for the coins/tokens associated to these projects - i.e., how much money are they paying to grow?
Let's look at https://moneyprinter.info/:
We can also see that a project like Synthetix (SNX), which receives a lot of fees, pays also a lot for its growth. Therefore, at the end of the day, it might not be as profitable as it looks. The other cryptos appearing in this top 5 are Solana (SOL) and Cardano (ADA) which pay too much to grow compared to the real fees they collect... By comparison, a project like Uniswap (UNI) is in the top 4 for crypto fees but does not even appear in the money printer list.
In summary
The rankings above are just screenshots. It will be worth looking at the evolution on a weekly basis, in order to identify the most profitable projects.
Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.
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