14 Most Volatile Cryptos to Trade in 2024

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 14 Most Volatile Cryptocurrencies to Invest in 2024

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 14 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. Dogecoin20 – Most Volatile Meme Coin Offers Over 200% Staking APY, Raised More Than $4.4 Million Within Two Weeks

Dogecoin20 is a hot new meme coin that follows the footsteps of the original Dogecoin. But unlike the latter where you need expensive hardware and electricity to mine it, you can stake your Dogecoin20 tokens and earn more as a reward. In fact, earn over 200% staking APY during the early stages of the presale.

The meme potential and the high staking APY are undoubtedly the main reasons why this token presale has raised over $4.4 million within two weeks after it launched. At a price of $0.000203, this could be a low barrier of entry for most early investors looking for a highly volatile cryptocurrency.

As the presale continues, the token price will increase, reaching a higher price when it launches on exchanges. Because of this, buying as early as possible and staking to earn the generous APY could be a prudent option if you’re planning to buy the presale anyway.

Only 30 billion tokens out of 140 billion will be available in the presale, with the same number of tokens allocated for marketing purposes. This could be what pushes DOGE20 to be one of the best meme coins in 2024.

Get the latest information about this project by following Dogecoin20 on X and joining the Dogecoin20 Telegram channel.

Visit Dogecoin20

2. Green Bitcoin – Popular Staking Project That Rewards Users’ Bitcoin Price Predictions

Green Bitcoin is a gamified staking platform that rewards those who accurately predict Bitcoin’s price. The way it works is you stake GBTC tokens, you make a Bitcoin price prediction, and depending how accurate you were — get rewarded.

Buy GBTC coins to participate in Bitcoin’s price predictions by connecting your wallet to the Green Bitcoin presale site. Use ETH, USDT or a card to complete the purchase. There’s also an option to buy GBTC tokens with BNB, but you won’t be eligible to earn the high staking rewards that stand at 286% at the moment of writing.

The team has set aside 5.8 million GBTC tokens (27.5% of the total token supply) for the rewards pool, based on the Green Bitcoin whitepaper, meaning the rewards are likely to be generous for those who participate in the price prediction.

Stay up to date by following Green Bitcoin on X or by joining the Green Bitcoin Telegram channel.

Visit Green Bitcoin

3. Sponge V2 – New Meme Crypto With 191% 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 191%. 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

4. 5th Scape – A New Volatile Crypto Project That Aims to Build an AR and VR Ecosystem

5th Scape is a new innovative crypto project that aims to build its own augmented reality and virtual reality ecosystem. This includes a VR headset and a VR char, as well as VR games and animations. The 5SCAPE token will be used as currency within the ecosystem, which could make it a highly volatile cryptocurrency after it launches on exchanges.

The 5th Scape token presale is the only way to buy 5SCAPE tokens for now. All you need is an Ethereum wallet and ETH, MATIC, BNB, USDT or a card to make the purchase.

There will be 12 presale rounds in total and each round will have a higher token price than the previous, based on the 5th Scape whitepaper. During the first presale round, one 5SCAPE token will cost $0.00187. In the final round, you’ll pay $0.0087 per token. Because of that, buying as early as possible could be a prudent choice, especially if you plan to participate in the presale anyway.

Follow 5th Scape on X and join the 5th Scape Telegram channel to get the latest information on the project and the token presale.

Visit 5th Scape

5. Smog – Most Volatile Crypto with a $75 Million Market Cap, Get 42% Staking APYs

Smog ($SMOG) is a new meme token that recently conducted its fair launch and on February 2024, $SMOG was listed on the Jupiter decentralized exchange.

While the token is built on the Solana blockchain, it has also launched on the Ethereum network using the Portalbridge. Since its token listing, $SMOG went on to touch a $100 million market cap, now trading around the $75 million valuation. $SMOG token holders can earn huge rewards by joining the airdrop campaign and registering with Zealy.

The campaign assigns airdrop points for completing a number of daily, weekly, and monthly challenges. So far, more than 270,000 challenges have been finished on Zealy. You can also earn points by staking $SMOG on the staking mechanism. Doing this also rewards token holders with up to 42% in annual yields. More than 9.7 million tokens have been staked on the Smog smart contract.

Being a meme token, $SMOG is bound to receive high levels of volatility. The token launch price was just $0.001419, after which it reached an all-time high of $0.08611. Now, $SMOG trades above the $0.05 range. In the future, Smog looks to list the token on more centralized and decentralized exchanges. This can help attract further trading volume.

Tune in for regular project updates by reading the Smog whitepaper and joining the Telegram channel.

Visit Smog

6. eTukTuk – New Crypto Project Aiming to Solve Climate Change With Sustainable Transportation Systems

eTukTuk is a new token presale that aims to raise funds and create a sustainable transportation solution with electric tuk-tuk vehicles and charging stations. At its heart is the TUK token, which you can now stake to earn 209% annual percentage yield. Given that this is a new token presale with high staking rewards, it could be one of the most volatile tokens this year.

The only way to buy TUK tokens is on the eTukTuk presale site where you need to connect your Ethereum wallet, such as MetaMask, and use BNB, ETH, USDT or a card to make the purchase. Make sure to have some ETH or BNB in your wallet to pay the transaction fees.

Unlike most token presales where the token staking is done on the Ethereum network, the eTukTuk project is using the BNB Smart Chain for staking. Because of that, consider buying the tokens using BNB, which will also help you save money on gas fees.

Make sure to read the eTukTuk whitepaper to learn more about the project. Also, follow eTukTuk on X and join the eTukTuk Telegram channel to get the latest information about the presale.

Visit eTukTuk

7. 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 months of its launch, Bitcoin Minetrix raised over $11 million. At press time, buyers can buy the $BTCMTX tokens at $0.0135, 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.

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.

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

8. Scotty the AI – New Volatility Cryptocurrency With Over 233% Staking Rewards

Scotty the AI is a hot new crypto presale that aims to create an AI-powered crypto tools that will increase the safety of crypto transactions. So far, the team has built a ScottyChat, based on OpenAI’s GPT-3 model and a token swap where you can swap ETH and BNB for SCOTTY tokens.

Another way to buy SCOTTY tokens is to visit the Scotty the AI token presale page and connect your MetaMask, or a similar Ethereum wallet. Use ETH, BNB, MATIC, USDT or a card to make the purchase. However, purchases made with ETH are only eligible for the high staking rewards that stand at over 233% as of this writing.

There will be 1.234 billion tokens in total, 30% of which will be used in the public sale. The remaining tokens will be used for staking, development, marketing and liquidity. The team won’t get any tokens, per the Scotty the AI whitepaper.

Make sure to join Scotty the AI Telegram channel and follow Scotty the AI on X to get the latest news around the project and the token presale.

Visit Scotty the AI

9. Scorpion Casino – Earn Daily Rewards Based on the Casino’s Performance

Scorpion Casino is an exciting new token presale that has already raised more than $4.5 million, which was the goal. Holding its native token SCORP will make you eligible to earn daily rewards from the casino’s performance. This could drive demand for the token and it could make it highly volatile given the presale is going to end soon.

Buy SCORP by visiting the Scorpion Casino token presale site and by connecting your Ethereum wallet. Use ETH, BNB or USDT to complete the purchase.

To help the SCORP token price increase, the team behind this project will use portion of the casino’s daily profits to buy back the token and burn 50% of it, while giving the other 50% back to SCORP token holders as a passive staking reward.

Follow Scorpion Casino on X and join the Scorpion Casino Telegram channel to learn the latest information regarding the presale and the project itself.

Visit Scorpion Casino

10. Dogwifhat – Volatile Meme Coin That Gained Almost 500% Within 10 Days

Dogwifhat is a popular meme coin that started on Solana that has caught the meme coin world by storm. Within 10 days in January 2024, WIF gained close to 500%, outperforming other popular meme coins like Dogecoin, Pepe and Shiba Inu for the same period.

True to all meme coins, WIF is nothing more than a “dog wif hat”; It has no utility, no play-to-earn, game and no roadmap. If a token can move on hype and meme potential alone without any real utility, this definitely makes it one of the high volatility cryptocurrencies to keep an eye on.

WIF has a market cap of $200 million with over $20 million traded consistently each day, making it a popular option for day traders and speculators.

You can buy the token on Solana’s popular DEXs, including Raydium and Jupiter, but you can also buy it on some CEXs like HTX, Gate.io and KuCoin.

11. Ronin – Gaming Blockchain With High Volatility

Ronin is a layer 2 blockchain on Ethereum designed for game developers who want to build games with player-owned economies. Ronin was developed by Sky Mavis, the studio behind Axie Infinity, in 2021. Today, Ronin boasts over $4 billion in total NFT volume and over 520 million transactions.

In 2023, Ronin saw a bottom of $0.2219 but at the end of the year it started to rally into 2024 and reached a top of $3.31, marking over 1,300% gain in less than a year. All this makes Ronin one of the highly volatile cryptocurrencies to watch in 2024.

The cool thing about Ronin is that this is not a meme coin or a dubious cryptocurrency. Instead, it’s a full EVM blockchain with over $700 million in market cap and over $100 million in daily trading volume, making it not just a solid crypto trading candidate but potentially a crypto investment candidate as well.

12. Sui – An Exciting New Blockchain, Faster and Cheaper Than Solana, Returned Over 300% Within Four Months

Sui is a layer 1 blockchain like Ethereum and Solana, designed to be user-friendly and developer friendly, while providing fast transaction speed and low cost. Transaction speed during testing shows 297,000 transactions per second (TPS), which beats Solana’s theoretic TPS of 65,000.

Trading around $1.5, makes Sui undervalued if it can deliver a solid product in the years to come. For example, Solana currently has a market cap of over $40 billion, while Sui has less than $2 billion market cap. That’s a potential 20x move in the years to come, making it a highly volatile coin.

Sui has a huge potential to become a leading blockchain for gaming, finance and social interactions because it offers a secure programing language, multiple operations in a single transaction and zkLogin.

13. Bonk – The Most Popular Solana Meme Coin Returned Over 12,000% in Less Than a Year

Bonk is a meme coin on Solana that started as a free airdrop on Christmas day 2022 and quickly become the most popular token within the ecosystem, boasting a market cap of over $600 million. This puts Bonk right behind Dogecoin and Shiba Inu and ahead of the popular Pepe.

In less than a year Bonk gained over 12,000%, returning huge amounts of money to early investors, making it one of the most volatile crypto currencies in 2024.

Unlike most of other meme coins, Bonk developers have built useful tools for Solana users, including BonkSwap and BonkBot, which is a Telegram-based trading bot highly popular among Solana traders. Also, a lot of projects on Solana have accepted Bonk as a payment method, such as Solcasino.io

14. Solana – Top Five Blockchain by Market Cap Returned 10x in One Year

Solana is a popular layer 1 blockchain that comes with theoretical 65,000 transactions per second (TPS) and low transaction costs. With the release of Firedancer in 2024, Solana’s TPS can go between 600,000 and 1,000,000, making it the fastest blockchain.

In late 2022, SOL had bottomed out at a price of around $8. But within a year it made a 10x, returning a hefty sum to investors who bought the bottom. This makes it one of the most volatile cryptocurrencies to watch this year.

SOL has a market cap of over $40 billion, making it one of the top five cryptocurrencies by market cap. It also has over $1 billion of trading volume every day and it’s home to some of the best DeFi applications, play-to-earn games and NFT projects.

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, SpongeV1’s market cap of over $100 million at its peak gave back 100x returns to early investors.

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.

Most volatile cryptos price comparison

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.

Why Is Cryptocurrency so Volatile?

Crypto as a whole is famously volatile, compared to more traditional investment vehicles. Several factors contribute to the volatility of crypto.

Market sentiment: Cryptocurrency prices are often influenced by market sentiment, including news, social media trends, and public perception. Positive or negative news about a particular cryptocurrency or the overall market can lead to rapid price movements.

Lack of regulation: The cryptocurrency market is relatively young and less regulated compared to traditional financial markets. The absence of comprehensive regulation can lead to a lack of investor confidence and increased susceptibility to market manipulation.

Speculation: Many participants in the cryptocurrency market are driven by speculation rather than intrinsic value. Traders often buy and sell based on short-term price movements, which can amplify market volatility.

Thin liquidity: Some cryptocurrencies, especially smaller altcoins, may have lower trading volumes and liquidity compared to established assets like Bitcoin and Ethereum. This thin liquidity can make prices more susceptible to large price swings.

Market structure: Cryptocurrency markets operate 24/7, allowing for continuous trading. This constant availability can lead to price changes at any time, unlike traditional financial markets that have specific trading hours.

Technology and infrastructure: The use of new technologies and trading platforms in the cryptocurrency space can contribute to rapid price movements. Issues such as exchange outages, security breaches, or technological glitches can impact prices.

Lack of intrinsic value: Unlike traditional assets like stocks or real estate, many cryptocurrencies do not have underlying assets or cash flows that provide a basis for valuation. This lack of intrinsic value can make cryptocurrency prices more susceptible to speculation and market sentiment.

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, the most volatile cryptocurrency 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 into a single trade or investment.

What is the Most Volatile Crypto for Day Trading?

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 Dogecoin20 as the most volatile cryptocurrency as it aims to repeat the success of the original Dogecoin while offering over 200% staking APY.

Visit Dogecoin20

High Volatility Cryptocurrency FAQs

What is the most unstable crypto?

Due to its presale status, Dogecoin20 is one of the most volatile cryptocurrencies available right now.

What is the least volatile crypto?

Stablecoins like Tether (USDT), USD Coin (USDC), and Dai (DAI) are considered among the least volatile cryptocurrencies, since they are designed to maintain a stable value by pegging their value to a reserve asset, such as a fiat currency like the US Dollar or a commodity like gold.

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 it surpasses 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.

 

 

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.