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Volatility is synonymous with cryptocurrencies, as this digital asset class regularly faces extreme upwards and downwards movement. However, many investors adopt a high-risk strategy in hopes of receiving higher rewards by trading the most volatile cryptos.
This guide reviews the most volatile crypto to invest in 2024.
The 17 Most Volatile Cryptocurrencies to Invest in 2024
The table below briefly summarizes the most volatile crypto coins to invest in 2024.
- Sponge V2 – The most volatile crypto is Sponge V2 because its predecessor already had a massive success, returning 100x to early investors. With the new upgrade, Sponge V2 has the potential to be even more volatile by becoming a utility token for a play-to-earn game.
- Bitcoin Minetrix – Offers an eco-friendly, efficient, and user-centric approach to Bitcoin cloud mining. Its unique stake-to-mine model and tokenized system allow users to earn passive income. The platform raised over $2.7 million in just over one month of launching.
- Meme Kombat – A multi-meme platform with PoS APY and three betting options on blockchain-processed fight outcomes. Despite potentially high volatility, the presale offers increased transparency and a clear roadmap.
- Launchpad XYZ – A web3.0 crypto token that offers access to presale listings, decentralized exchanges, and crypto wallets. $1.5 million raised in its presale.
- Wall Street Memes – A new meme token that has raised over $25 million in its presale and is now listed on OKX. $WSM is a 100% community token and has a community of over 1 million people, with interaction from Elon Musk.
- yPredict – The $YPRED token allows users to access trading insights into the crypto. markets and earn passive income. $3.5 million raised in presale.
- Battle Infinity – Emerging P2E crypto that gives access to a decentralized exchange and a staking platform.
- Lucky Block – This is an NFT-based competition platform offering multiple rewards.
- Dogecoin – Most unstable crypto with high-risk high-reward potential.
- Binance – Native token of Binance, one of the biggest cryptocurrency exchanges in the world.
- ApeCoin – NFT cryptocurrency which allows users to earn voting rights through a DAO.
- Ethereum – Largest altcoin which lets developers create DApps and deploy smart contracts.
- Dogelon Mars – Popular shitcoin with regular price movements.
- Bitcoin – This is the first and largest cryptocurrency in the world.
- Shiba Inu – Popular meme token which termed itself as the ‘Doge Killer.’
- Decentraland – A high-risk cryptocurrency and metaverse platform that lets users interact in a virtual world.
- Solana – Open-sourced platform with high transaction speed.
A Detailed Look at the Most Volatile Cryptocurrencies
Investors should prepare for regular price movements when investing in the highest volatility cryptos that are the most unpredictable.
To get a deeper understanding on the top assets in this niche, we take a detailed look on the 17 most volatile digital assets to invest in 2024.
Before we move on, Jacob Crypto Bury – one of the best crypto Discord groups regularly discusses the most volatile digital assets on the market.
1. Sponge V2 – Most volatile Crypto With 400% Staking APY And an Upcoming Play-to-Earn Game
Sponge V2 follows the success of Sponge V1, which is a meme coin that had a market cap of over $100 million at its peak in 2023. This made 100x returns to early investors. Now, Sponge V2 plans to launch a play-to-earn racing game, which is likely to boost the token price even more.
Sponge V1 holders can upgrade their tokens to V2 by staking them on the Sponge V2 website. if you don’t have V1 tokens, visit the Sponge V2 website and connect your Ethereum wallet. You need ETH or USDT to make the purchase.
As soon as you have the tokens, stake them to earn an annual percentage yield of over 400%. The APY will drop as more tokens are staked, meaning it may be best to start staking as soon as possible.
Activating the staking feature is the first stage out of three of the project development, according to the Sponge V2 whitepaper. The second stage begins when the token is listed on major exchanges. During this stage, you can claim your tokens and sell them, or keep them staked to earn more tokens while you wait for the play-to-earn game to be released.
The launch of the racing game is planned for stage three. Within the game, you can earn even more tokens. But more details about it will come in the future.
Follow Sponge V2 on X and join the Sponge V2 Telegram channel to get the latest information about the project. Also, join the Sponge V2 Discord to engage with the team and the community.
Presale Started | Dec 2023 |
Purchase Methods | ETH, USDT and Card |
Chain | Ethereum |
Min Investment | None |
Max Investment | None |
2. Bitcoin Minetrix – New Crypto With High Passive Income Potential From Bitcoin Cloud Mining
Bitcoin Minetrix is a trending new crypto that makes mining accessible for all. Its unique features and promising upside potential have positioned it as an exciting volatile crypto in the Bitcoin cloud mining space.
Within two weeks of its launch, Bitcoin Minetrix raised over $2.7 million. At press time, buyers can buy the $BTCMTX tokens at $0.0113, though this rises at each progressive stage. The platform has a soft cap of $16 million and a hard cap of $33 million for the presale.
The environmental concerns of conventional Bitcoin mining are very apparent. In response, Bitcoin Minetrix introduced an eco-friendly “Stake-to-Mine” mechanism. This model reduces the traditional high costs and complexities, making mining more accessible.
Users stake the platform’s native BTCMTX tokens to receive ‘non-tradable’ mining credits. When these credits are burned, they earn Bitcoin, eliminating the need for energy-intensive physical mining setups.
Of the total 4 billion tokens, 42.5% is reserved for mining and 7.5% for staking, with an additional portion dedicated to community initiatives.
Per the Bitcoin Minetrix whitepaper, Their platform offers a user-friendly dashboard accessible on both desktop and mobile. This dashboard provides a transparent view of mining data, including hashing power, mining credit details, and projected daily, weekly, or monthly earnings.
By tokenizing the system, Bitcoin Minetrix adds an extra layer of security. This move safeguards users against the common scams observed in third-party cloud mining companies.
Bitcoin Minetrix ensures flexibility for its users, allowing them the freedom to un-stake and trade their $BTCMTX tokens based on market dynamics.
For the latest news and developments about Bitcoin Minetrix, users can join the Bitcoin Minetrix Telegram group.
Presale Started | 26 Sept 2023 |
Purchase Methods | ETH, USDT, BNB |
Chain | Ethereum |
Min Investment | $10 |
Max Investment | None |
3. Meme Kombat – High-Risk High Reward Crypto With New Approach to the Meme Industry
Meme Kombat ($MK) is a new style of campaign that allows users to bet on fights between their favorite meme icons. Meme tokens are well known for high levels of volatility in general, the price being driven by the strength of the underlying community.
Meme Kombat revolves around many memes, not just one. This could add to the volatility levels, though it’s a new idea and how the market takes to the concept is not certain.
There are three primary betting options with Meme Kombat – Direct, P v P, and P v Game – as well as side bets. Users can do research on upcoming fights (Doge vs Floki, Shiba vs Wojack, etc) and check out the odds to see if they would like to place a bet. Battle depictions are designed to be engaging, assisted with AI-rendered images and scenes.
All outcomes are processed on chain also, which could assist in terms of overall transparency. This is a highly transparent project in general, with a publicly viewable founder and a clear smart contract audit.
A number of incentives offset volatility with this presale. It offers a steady 112% APY at the present time, and is priced at a discount in the earlier stages of its presale. Currently priced at $0.166, this will soon rise to $0.183 – a 10% price increase. It could rise further in subsequent stages or upon exchange listing.
This could even be a 100x coin according to some analysts, though this is only a projection and prices can go in either direction, especially when discussing meme projects.
For more information about the risk/reward ratio of this coin, users are advised to explore the Meme Kombat Whitepaper and join the Twitter account.
Presale Started | September 2023 |
Purchase Methods | ETH, USDT, BNB |
Chain | Ethereum |
Min Investment | $5 |
Max Investment | None |
4. Launchpad XYZ – This Web3 Token Has Raised Nearly $1.5 Million on Presale
Launchpad XYZ is creating a single platform for giving access to a multitude of web3-based features. Aiming to be the central portal for entry to the Web3 space, Launchpad XYZ will offer its own Web3 wallet, decentralized exchange, and native token, $LPX.
![Launchpad XYZ token presale page](https://cimg.co/news/87494/312616/screen-shot-2023-06-12-at.jpg)
With Launchpad XYZ, users can access a stand-alone web3 wallet. With this, one can interact with multiple DApps (Decentralized Applications) and sign into multiple Web3 services. Launchpad XYZ will host its own NFT decentralized exchange (DEX), through which users can access peer-to-peer trading.
$LPX can also be staked on the DEX to reduce trading fees. Users can access and curate NFTs through their own NFT gallery and access exclusive deals by staking their NFTs. Users can also stake a monthly average of 10,000 $LPX to get reduced trading fees and guaranteed access to web3 presale listings.
Launchpad XYZ will offer in-depth data on hundreds of crypto tokens and provide liquidity information on various crypto exchanges. Trading insights can be accessed through a trading terminal, and users can earn rewards by participating in Launchpad XYZ’s play-to-earn trading edge game.
![Launchpar XYZ web3 project](https://cimg.co/news/87494/312617/launchpad-img.jpg)
$LPX can also be used to purchase fractionalized assets that offer historical value. The $LPX token has a total supply of 1 billion, 25% of which has been allocated for presale across ten rounds.
Currently, the token is priced at only $0.0445 per token but will increase to $0.0565 upon listing on crypto exchanges. Since the presale started, Launchpad XYZ has raised nearly $1.5 million.
One can go through the Launchpad XYZ whitepaper and join the Telegram channel to learn more about this cryptocurrency.
Presale Started | 25 April 2023 |
Purchase Methods | ETH, USDT, Credit Card |
Chain | Ethereum |
Min Investment | 100 LPX |
Max Investment | None |
5. Wall Street Memes – Volatile Community-Focused Meme Token, Now Listed On OKX
One of the most volatile tokens to invest in right now is Wall Street Memes ($WSM). Meme tokens are synonymous with being high-risk, high-reward investments.
The Wall Street Memes platform successfully raised over $25 million in its presale in just a few months. After their 26 September OKX listing, $WSM tokens surged, marking a 275% growth in four days.
![Wall Street Memes WSM token](https://cimg.co/news/87494/312614/wsm-token-home.jpg)
Wall Street Memes is a popular platform, which has over 1 million followers on social media platforms such as Twitter and Instagram. The creators of this platform decided to start their own NFT project in 2021, titled Wall St Bulls.
During the first NFT collection for Wall St Bulls, 10,000 Ethereum NFTs were sold out in 32 minutes. In May 2023, the project also conducted a Wall St Bulls ordinals mint. This shows that it is still active to this date.
After the NFT projects’ success, Wall Street Memes decided to generate wealth for the community through the $WSM token. Like other meme coins, Wall Street Memes will not provide much utility for the user.
But unlike other new meme coins, Wall Street Memes has already garnered a huge community that will help the project grow. To reward this community, $WSM will be given 100% to the public. The token has a maximum supply of 2 billion, 50% of which has been allocated for the ongoing presale.
By the end of the presale, Wall Street Memes aims to raise a hard cap of over $30.57 million. Once the exchange listing takes place, it is possible that the $WSM price could explode due to the popularity of the token.
Join the Wall Street Memes Telegram channel to learn more about this meme token.
6. yPredict – Access Trading Insights with this Multi-Utility Crypto Token
yPredict is a crypto platform that offers data-driven trading insights on the crypto markets. $YPRED, the native token, can be leveraged to purchase monthly subscriptions to predictive models on yPredict.
![yPredict token presale](https://cimg.co/news/87494/312615/screen-shot-2023-06-12-at.jpg)
The platform will host a financial marketplace where predictive models can be purchased. These models have been generated by AI experts and financial quants, who offer analysis on some of the top crypto tokens. To ensure the authenticity and quality of these models, members of the yPredict DAO verify the models before they are released to the public.
yPredict leverages artificial intelligence to offer trading signals on different tokens. Moreover, sentiment analysis is conducted on some of the top cryptos to determine users buying patterns. yPredict also uses a patent-pending pattern recognition algorithm to determine whether certain tokens are bullish or bearish. Thus, members will be able to get proper insights and take well-informed trading decisions.
On yPredict, users can also develop their understanding of cryptos by accessing a Learn2Earn ecosystem. On this environment, users can take quizzes and study about the crypto markets. Notably, one can take quizzes and earn free tokens on yPredict.
![yPredict project features](https://cimg.co/news/86472/271801/ypredict-features.jpg)
yPredict will also host a staking pool to generate wealth for token holders. 10% of all the new subscription fees collected will be sent to existing token holders. Furthermore, 15% of the swapping fees collected is also shared through a staking pool. This ensures that community members are rewarded by participating in the ecosystem.
yPredict will also let users make directional bets on the future of crypto markets through its play-to-earn platform. The top performers can earn $YPRED tokens as rewards. Currently, $YPRED is available to buy during the sixth presale round for $0.09 per token.
The $YPRED price will rise to $0.12 once the exchange listing takes place. This project has managed to raise more than $3.5 million since its launch. Interested readers can go through the yPredict whitepaper and Telegram channel to stay updated with any new project developments.
Presale Started | Q1 2023 |
Purchase Methods | MATIC, ETH, USDT, BNB, Credit Card |
Chain | Polygon |
Min Investment | 200 YPRED |
Max Investment | None |
7. Battle Infinity – Emerging P2E Crypto with High Growth Potential
Battle Infinity is a decentralized cryptocurrency platform that offers a virtual ecosystem where players stand a chance to earn various cryptocurrency rewards by taking part in various P2E features.
On Battle Infinity, members can compete in the IBAT Premier league – a decentralized sports fantasy league. Moreover, users can join the Battle Arena – a virtual ecosystem where all characters and items are minted as NFTs via ERC 721 smart contract functionality.
![Battle Infinity token to BNB price chart](https://cimg.co/news/87494/219972/ibat-sep-13-2022.jpg)
These features can be accessed via IBAT – the native cryptocurrency. IBAT tokens can be purchased and swapped with other cryptos on the IBAT Battle Swap – Battle Infinity’s decentralized exchange (DEX). The token can be staked on the IBAT Battle Stake – a staking platform on Battle Infinity where investors can accumulate interest on their holdings.
IBAT completed its three-month presale in only 24 days before launching on PancakeSwap – the popular DEX. After completing one of the best crypto ICOs in 2022, IBAT launched on PanckaeSwap in August 2022 – one of the top decentralized exchanges.
After launching at $0.0015, IBAT reached $0.11 on PancakeSwap – equating to a 7x price increase. Being a recently launched cryptocurrency, IBAT has met with volatility and has retraced to a price of $0.0038 per token. However, it has outperformed top crypto assets such as Bitcoin and Ethereum in 2022 and will launch on more exchanges soon.
Visit Battle Infinity
8. Lucky Block – Volatile Cryptocurrency & NFT Platform
Lucky Block is an NFT-based competition platform where investors can participate in weekly competitions and draws. The platform manages transactions and settles rewards in LBLOCK – the governance token of Lucky Block.
![Lucky Block token price chart](https://cimg.co/news/87494/219974/lblock-0-0007.jpg)
Recently, LBLOCK launched a new token version (V2) – an ERC-20 token more easily listed on centralized exchanges (CEXs). The V2 token also charges no transaction fees, making it beneficial for investors. On the other hand, the V1 token is a BEP-20 protocol which attracts a 12% transaction fee.
The V2 token has been listed on MEXC and Gate.io – two of the largest centralized exchanges in the space. LBLOCK (V2) is trading at $0.0007 per token.
The project recently announced there will be a bridge going live on October 3 so V1 holders can convert to V2, while CEO Scott Ryder also revealed that from September 30 the coin will be subject to a 1% monthly burn, drastically cutting supply.
Visit Lucky Block
9. Dogecoin – Most Unstable Crypto with High-Risk High-Reward Potential
Dogecoin (DOGE) has emerged as one of the most volatile cryptocurrencies in the last few years. One of the best meme coins, DOGE became widely popular for its unique Shiba Inu logo, which helped bring a strong social media presence.
![Dogecoin to USD price chart](https://cimg.co/news/87494/219975/doge-sep-price.jpg)
Furthermore, Dogecoin has faced regular volatility and price changes due to the coin’s backing by billionaire Elon Musk – who has regularly backed this popular digital asset. Between January to May 2021 – DOGE experienced a staggering 13,900% price increase.
However, the token has now corrected by over 90% since its highs and DOGE is currently trading at around $0.06 per token.
Buy Dogecoin on eToro
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
10. Binance – Native Token of the Biggest Cryptocurrency Exchange
Binance (BNB) is the native cryptocurrency of the Binance exchange – the largest crypto trading exchange in terms of trading volume. The exchange offers trading opportunities in over 600 digital assets at a lower trading fee of 0.1% per transaction.
![BNB to USD price chart](https://cimg.co/news/87494/219979/bnb-sep-13-price-chart.jpg)
With BNB, investors can get a 25% on transactions, making it a useful asset. Launched in 2017, BNB reached an all-time high of $690 in 2021.
However, this volatile cryptocurrency has corrected to $295 during the bear market of 2022. Despite the drop, BNB is the 5th largest cryptocurrency with a $45 billion market cap.
Buy BNB via eToro
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
11. ApeCoin – NFT Crypto with the Highest Volatility
ApeCoin (APE) is an ERC-20 token and the governance coin of the APE DAO (decentralized autonomous organization) – which aims to provide users with a decentralized and community-building platform.
The cryptocurrency powers the entire Bored Ape Yacht Club (BAYC) ecosystem – one of the most popular NFT collections in the digital assets space.
![ApeCoin to USD price chart](https://cimg.co/news/87494/219982/apecoin-sep-13-price.jpg)
After increasing from $7 to an ATH of $39, APE has corrected to under $6 per token. This volatile cryptocurrency has noticed a huge price drop following the crypto and NFT bear market but will look to regain its position with the next bull run.
Invest in ApeCoin using eToro
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
12. Ethereum – Volatile Altcoin with 60% Price Drop in 2022
Ethereum (ETH) is the largest altcoin, with a market cap of more than $210 billion.
Nonetheless, the ongoing uncertain global economic conditions have made the token a volatile investment in 2022, but it could bounce back when market conditions improve in 2024.
![Ethereum to USD chart](https://cimg.co/news/87494/219983/eth-sep-13-price.jpg)
After reaching an ATH of $4,900 in November 2021, ETH is trading at $1,200 at the time of writing in December 2022.
Despite the volatile price movements, Ethereum has provided a return on investment (ROI) of more than 60,000% since its inception.
Buy ETH on eToro
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
13. Dogelon Mars – Popular Shitcoin with Regular Price Movements
Dogelon Mars was trending as one of the best shitcoins towards the end of 2021, as the token increased by over 32,000% between April and July.
However, ELON does not seem to provide real utility and instead became successful by marketing itself as a meme token linking itself to Elon Musk.
![Dogelon Mars to USD chart](https://cimg.co/news/87494/219984/dogelon-mars-sep-price.jpg)
After the initial price success, this volatile cryptocurrency has lost more than 99% of its valuation. Currently, Dogelon Mars is trading at $0.00000025 per token.
14. Bitcoin – Largest Cryptocurrency to Invest in
Despite being the first and largest cryptocurrency in the space, Bitcoin has been one of the most volatile cryptos to invest in.
Patient investors would have benefitted from this token’s spectacular rise from lesser than $1 in 2009 to nearly $70K in 2021. However, BTC regularly faces major price corrections on a yearly basis.
![Bitcoin to USD chart](https://cimg.co/news/87494/219985/bitcoin-sep-price-chart.jpg)
For example, after reaching the $20,000 mark for the first time in 2017, Bitcoin was in a bear market for the next few years. The token only crossed the $20K mark again in 2020, signaling the beginning of a year-long bull run that saw the coin reach $60K.
After another bull-run which ended with Bitcoin reaching an ATH of $69,000 in November 2021, the popular digital asset has corrected to the $20K levels once again.
But the successful historical performance makes Bitcoin one of the best digital assets to buy at a lower price range. With a market cap of $433 billion, Bitcoin is trading at $21,888 and remains the top crypto on the market. Some Bitcoin price predictions have proposed the idea that BTC could reach levels exceeding $65k by 2025 provided that widespread adoption and energy consumption issues are dealt with.
Buy Bitcoin on eToro
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
15. Shiba Inu – New Meme Token for High-Risk Investors
After the popularity of meme tokens like Dogecoin, many spin-off cryptocurrencies have been created in the past few years. In 2020, Shiba Inu launched its ERC-20 token and marketed itself as the ‘Dogecoin Killer’.
![Shiba Inu token price chart](https://cimg.co/news/87494/219986/shiba-inu-sep-13-price.jpg)
The cryptocurrency is listed on the platform’s own decentralized exchange – ShibaSwap, and has been created anonymously by a person that goes by the synonym ‘Ryoshi’.
In 2021, Shiba Inu became one of the fastest growing cryptocurrency coins as it soared from $0.000000000168 to an ATH of $0.00008845. In October 2021, the token briefly overtook Dogecoin to become the 10th largest cryptocurrency.
However, Dogecoin has regained its position over Shiba Inu in 2022. The Dogecoin Killer has lost 86% of its market cap since the ATH and has been an extremely volatile asset in 2022.
Visit Shiba Inu via eToro
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
16. Decentraland – High-Risk Metaverse Crypto Coin
Decentraland is a virtual real estate platform powered by the Ethereum blockchain – facilitating buy, sell and trading options for platform members. The main tradable feature on Decentraland is LAND – an ERC-721 token that represents a piece of virtual land.
![Decentraland token price chart](https://cimg.co/news/87494/219987/decentraland-sep-price.jpg)
LAND can be purchased on the ecosystem with MANA – an ERC-20 token that acts as the native cryptocurrency of Decentraland. The platform also integrated a third NFT token known as Estate – which is an ERC-721 that represents merged plots of LAND.
After releasing in 2017 for $0.025, MANA soared to an ATH of $5.90 towards the end of 2021. Since Decentraland emerged as one of the biggest metaverse-based cryptos, the token has also attracted high levels of volatility in 2022. Similar to the other top cryptos, MANA has faced the brunt of the 2022 bear market.
Currently, MANA is trading at $0.75 – 87% below its highs set in 2021. However, many investors believe this is just the beginning of the metaverse, which is one of the reasons for the constant price volatility in the short term.
Invest in Decentraland using eToro
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
17. Solana – Open-Sourced Platform with High Transaction Speed
Solana (SOL) is a popular open-sourced blockchain, meaning that it keeps all the transaction records public and provides transparency to all investors.
By deploying smart contracts on the network, Solana is capable of listing various decentralized finance (DeFi) protocols, dApps (decentralized applications) and NFTs.
![Solana to USD price chart](https://cimg.co/news/87494/219989/sol-coin-price-chart.jpg)
While Ethereum is the largest blockchain in smart contracts and protocols listed, investors are looking for an alternative due to the high transaction costs and low speed. Solana can handle up to 65,000 transactions per second, compared to Ethereum’s average of just 17.
SOL, the native token, rose from $0.78 in 2020 to an ATH of $260 in 2021. However, SOL has met with high levels of volatility since its 2021 levels and is currently trading at $35 per token.
uy Solana on eToro
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
How to Discover the Most Volatile Cryptocurrencies
For traders looking to make short-term profits by buying and selling volatile assets, here are a few techniques that may help you in doing so:
Analyze the Historical Price
Investors can try assessing the historical price performance of digital assets when looking for volatility. For example, Bitcoin is one such cryptocurrency which provides large price corrections following highs. But, the bull markets and bear markets run for long periods of time.
On the other hand, new tokens such as Shiba Inu may provide more frequent volatility, which is what day traders may look to take advantage of. Studying an asset’s graph is the simplest way to understand the levels of volatility to expect in the future.
Track Crypto Presales and ICOs
Investing in crypto ICOs is a high-risk high-reward investment due to the frequent levels of volatility that tokens may expect. For example, Battle Infinity’s IBAT provided 7x returns throughout its presale and PancakeSwap launch.
If traders discover fundamentally strong assets that have just been released in the market, strong volatility in the short-term can eventually lead to major price increases in the long-term.
When Are Cryptos the Most Volatile?
Another important factor to discuss is examining when a particular cryptocurrency may deliver high levels of volatility. The sections below discuss a few points to consider when determining the expected volatility of a cryptocurrency.
Price of Bitcoin
Controlling 40% of the entire crypto market share, Bitcoin is the world’s largest digital asset. Due to the token’s control over the cryptocurrency space, most of the largest altcoins perform similarly to the price of Bitcoin.
![Bitcoin weekly price chart](https://cimg.co/news/87494/219991/btc-vs-eth-vs-mana-price-comparison.jpg)
For example, when Bitcoin reached its ATHs in November 2021, top cryptos like Ethereum, Solana and Decentraland also enjoyed strong bull runs. Similarly, Bitcoin’s price decline, unfavorable macroeconomic conditions and the collapse of FTX have all led to a long crypto bear market.
Therefore, investors may choose to invest in new assets when Bitcoin shows strong signs of reversal.
All-Time Highs
While deciphering the future price movements of cryptos is impossible, many investors know what to expect with the major altcoins in the long term.
For example, Doge and Shiba Inu attract high levels of volatility, while tokens like Bitcoin and Ethereum can potentially push the entire markets into a bull run.
There’s a lot of uncertainty and volatility after a cryptocurrency reaches its ATH. After Bitcoin crossed $70,000, many investors thought the token would reach $100,000 by the end of 2021.
There’s no historical information to base the cryptocurrency price predictions. Therefore, most cryptos are unpredictable after crossing their all-time highs.
Are Volatile Cryptos a Good Investment?
Cryptocurrencies have proven to be profitable investments for traders that have entered the market at the right times. Even with volatile investments, a good, diversified portfolio has the potential to be a good investment.
For example, many small-cap and new cryptocurrencies tend to deliver high growth in a short amount of time. High-risk investors or day traders that successfully manage to observe potentially successful trends have the opportunity to make small yet regular profits by trading volatile assets.
Since day traders rely heavily on technical analysis and various graphing patterns, volatile cryptocurrencies can be one of the best investment classes for quick growth.
Secondly, cryptocurrencies have positioned themselves as an alternative to traditional investments. A diversified portfolio may contain a range of stock options, ETFs and a small number of cryptocurrencies. Importantly, even adding a small portion of volatile cryptos can lead to potentially profitable trades.
However, it is important to only invest what one can afford to lose when dealing in cryptocurrencies. Due to the volatile nature of these assets, investors should not put 100% of their allocated resources in 1 single trade or investment.
Conclusion
Throughout this guide, we’ve looked at some of the most volatile cryptos on the market right now. However, after analyzing the most volatile cryptocurrencies to trade in 2024, we recommend Sponge V2.
This is a speculative token that follows the success of the Sponge V1 token, which returned 100x to early investors. The upgraded version aims to become a utility token that will be used and earned in an upcoming play-to-earn game.
FAQs
What is the most unstable crypto?
Sponge V2 is a continuation of the already popular Sponge V1 token, which had a market cap of over $100 million at its peak.
What time is crypto most volatile?
Cryptos can be very volatile after reaching an ATH. Since there is no historical price data to match future performance, it is impossible to properly analyze a cryptocurrency after they surpass its highest price range.
Is volatile crypto a good investment?
Volatile cryptos can be a good investment for day traders looking to make regular profits. Moreover, a diversified portfolio containing a mixture of low and high-risk asset classes may lead to potential profits in the long-term.