Millions of people are investing and trading digital currencies. But not everyone is making money due to the volatility of the crypto market. As a trader, you will notice that some virtual currencies are highly volatile.
It is pretty risky to invest your money. But if you are a newbie, it is hard to pick the least volatile currency, and you are at high risk of losing your money.
It is necessary to research every cryptocurrency before you invest in it. You must check it out and know the current price of various popular virtual currencies. It is easy to find the current price, but you need to analyze how it is fluctuating in the last few years.
You cannot say anything about the price fluctuation. If you want to avoid taking risks, knowing about highly volatile cryptocurrencies is better.
This write-up will discuss which crypto has the highest volatility in 2024. Undoubtedly, Bitcoin is the highest one, but other cryptocurrencies are on the list. Let us check them out.
BTC is on the top of this list due to its highest volatility. It is quite a popular and most loved cryptocurrency. Many investors love to invest their money in Bitcoin. The price is also high, and one can make enough money in a single profitable deal.
Many people think that this cryptocurrency will go back to its regular price one day. But there is nothing observed like that. Investors are getting massive returns when they are investing money in it. But there is a huge risk too. You can lose the trade if the price suddenly goes down. In 2024, there are chances of a better hike in the price of Bitcoin.
It is one of the favorite cryptocurrencies of developers because of the smart contracts. Many investors are interested in investing their money in Bitcoin. If we talk about its overall growth, then it has tremendously grown too far and has become the second-most volatile digital currency.
The starting value of Ethereum was $11, and now, it has reached more than $3,600. The price is still fluctuating, but it is increasing with time. It is quite a good idea to invest in this virtual asset to make future profits.
3. Binance Coin
This cryptocurrency was launched in 2017, and till now, it is expanded rapidly. Other than trading, it is used for many purposes like payment systems, trades, and much more. You can even buy commodities with this currency.
But when it comes to high volatility, its value keeps changing with time and circumstances. It is profitable for you to invest in Binance Coin. If we calculate how much it is gained, then it is about 5000%. It is continuously growing, and it is expected to be the same in future years.
Everyone knows Stellar due to its high-speed transactions. It beats various digital currencies due to its high speed. It is about 3000 TPS, which is enough to make multiple transactions within a second. Many investors are investing and trading Stellar virtual currency because its price is also volatile.
If you consider the history of Stellar, you will observe various partnerships of businesses due to this crypto asset. Therefore, it is worth investing in it, and you can make money through regular trades.
Many reasons are there that investors are attracted to this digital asset. You can consider high-speed transactions, low power usage, better growth, and quick transactions. Due to gaining popularity, its price became volatile.
You can make money if you choose Cardano for future investment. You must know that price can fluctuate at any moment, and you can get massive profits in your wallet.
Ripple is the perfect crypto-asset if you want to own cryptocurrencies to make payments. It is based on digital technology that helps you exchange your currencies and process payments. It is easy to convert it from fiat money.
This digital currency was introduced in the market in 2017, and till then, it has grown too far. There is an indication of high volatility, and it is worth investing your money. You can make massive profits if you consider future investments in Ripple digital currency.
This digital currency was launched to integrate blockchain technology. The aim was to create a secure crypto network, and hence, it grows rapidly. Many people want to invest in technology that seems new to them.
There is an instant hike in the price of Polkadot, which attracts investors. It is a highly volatile virtual currency with excessive and quick price fluctuation. If you are investing in it, then you can expect better profits.
8. Axie Infinity
It is an Ethereum token that is popularly known as Axie worldwide. Many people do not know that it is a game that is based on blockchain technology. It is a non-fungible token that you can use in the gameplay.
It is pretty easy to monetize, and hence, it has become a significant attraction for many traders. If we talk about volatility, it is breaking the records. Investors are getting better returns in previous years, and they are doing the same to get massive future profits. If you love playing games, then you must initiate your investments in this virtual currency.
The Bottom Line
When it comes high volatility of cryptocurrencies, Bitcoin is at the top. But it does not mean that it is the only one on the list. Many other digital currencies are growing well after their launch. It is worth investing your money in these assets if you want to gain massive profits. With international exchanges being banned in certain Canadian provinces, you need to look for Canadian regulated exchanges, check out netcoins.ca
Undoubtedly, the price can fluctuate at any moment as per the situation. You can access these tokens on any exchange platform and invest your money accordingly. Many investors look for highly profitable assets for their investments.
There are high chances of a price hike because the volatility fluctuates the price rapidly. Therefore, you have to choose the assets wisely to make better investments.