Since reaching its peak of $65000, it took just two months to slide to the $36000 price. Unfortunately, this is not an exception but the reality of cryptocurrency investing and trading. It has proven to be a highly volatile market, and while many have lost their fortunes, an equal number have also emerged as crypto millionaires, if not more.
With Russia following El Salvador’s footsteps in adopting Bitcoin as a legally accepted currency, coupled with the Ukraine-Russia war and globally unprecedented inflation rates, the next evolution in the crypto space is kicking off. Investors can therefore expect increased volatility which provides opportunities to make money, and these five volatile cryptos have the potential to skyrocket your crypto fund returns if played right.
What are volatile cryptos?
Unlike the equity market, the cryptocurrency space is still in its infancy, meaning that volatility is a part of this market. The equity market has long enough to have a volatility metric that ranks investment assets. The same cannot be said for cryptos. They are all volatile due to the misunderstanding due to their newness and the lack of clear regulations, which makes them highly speculative.
However, we pick those with a significant following and significant market capitalization for this list, coupled with historically unprecedented market movement.
The best 5 most volatile crypto to include in your crypto fund
Everyone gets into the cryptocurrency space to make money, but most don’t. Like all other investments, the crypto space is a risky venture, more so than most, but it has also made people millionaires in a very short period. The volatility in the crypto space provides for a host of opportunities to make money and skyrocket your crypto fund to astronomical returns. These five volatile cryptocurrencies provide an avenue to make money off the volatile crypto markets.
Market capitalization: 796.47B
Bitcoin continues to be the cryptocurrency that divides this space in half, those that love it for making them rich and those that hate it for leading them to financial ruin. Nevertheless, it is the most popular and liquid cryptocurrency at present. Its unique algorithm, coupled with its scarcity, makes it a store of value in addition to its speculative trading attribute.
Growing institutional interest, Russia’s adoption of it as an accepted currency, and its global acceptance as a means of payment across multiple platforms means that its volatility will continue to be a source of income and wealth for those with the nuance to trade off this volatility.
BTC currently has a 24-hour trading volume of $30.23 billion. It has a market cap of $796.47 billion, with approximately 19 million coins in circulation out of a total available supply of 21 million coins.
No.2 Solana (SOL)
Market capitalization: $40.01 B
As long as Ethereum does not sort its transaction speed challenge and scalability issue, Solana will continue to be dubbed the “Ethereum killer,” which will continue to feed its volatility. Blockchain technology provides a platform for developing and running DeFi systems and a decentralized application ecosystem by running smart contracts efficiently, fast, and for a fraction of the cost available on other blockchain technologies. As more people jump into the cryptocurrency bandwagon, having gained upwards of 12000% in 2021, it will provide the volatility needed to propel Solana’s bullish run and a chance to make significant monies.
SOL currently has a 24-hour trading volume of $3.91 billion. It has a market cap of $40.01 billion, with approximately 325.26 million coins in circulation.
No.3 DogeCoin (DOGE)
Market capitalization: $35.48 B
Among the most volatile crypto assets globally are meme coins. Why? Because any single update on the social media platforms can be a potential catalyst for unprecedented movement. Among this niche of the cryptocurrency world, DOGE is the most popular meme coin and is accredited for much of the meme coin craze of 2021. It is the first open-source meme coin, and with its uncapped mining, supply and demand keep changing, which fuels its volatility. With Dogecoin establishing itself as a leader in the Metaverse NFT niche, the volatility of this coin provides a significant source of minting returns for a crypto fund.
DOGE currently has a 24-hour trading volume of $1.66 billion. It has a market cap of $35.48 billion, with approximately 333.44 million coins in circulation out of the available supply of 511.62.
No.4 Celo (CELO)
Market capitalization: $1.39 B
CELO has one of the noblest causes in the cryptocurrency space, ensuring anyone with a smartphone can access money and process cash-based transactions without the need for banks or traditionally restrictive regulations. Therefore, it is a blockchain technology focused on accelerating cryptocurrency adoption among smartphone users. Its DeFi ecosystem allows for the creation of decentralized applications and smart contracts.
It hosts three stable coins but expects this number to grow as its adoption increases; Celo Dollar, Celo Brazilian Real, and Celo Euro. To bridge the gap between the exponential rise in smartphone users and the slow adoption of cryptocurrencies means unprecedented volatility that can result in a host of money minting opportunities.
CELO currently has a 24-hour trading volume of $145.48 million. It has a market cap of $1.39 billion, with approximately 433.21 million coins in circulation out of the total allowable supply of 1 billion coins.
No.5 Ethereum (ETH)
Market capitalization: $376.68 B
In most cases, Bitcoin and Ethereum are always mentioned in the same breath. Since its launch, the overriding factor for the slowing down and participant migration from Ethereum-based projects has been its slow processing speeds.
However, with an update to this blockchain technology promised for a second-quarter release that will rival Solana’s enviable speeds, Ethereum might just be gearing up for unprecedented market movement to the upside. The volatility that will come with this and the popularity of Ethereum, the second most popular crypto after bitcoin, will result in millionaires for those with the nuance for crypto volatility trading.
ETH currently has a 24-hour trading volume of $16.83 billion. It has a market cap of $376.68 billion, with approximately 120.17 million coins in circulation.
Despite the attempts by governments to regulate cryptocurrencies, the truth from this niche so far is that they are here to stay. They have also shown that you can lose a significant portion of your portfolio in a few hours and more than recover it in a week.
What does this mean? This volatility allows crypto investors to profit from off-market movements without selling off-held crypto assets. As the globe moves towards the formal recognition of cryptocurrencies, the five herein have the volatility that can result in millions if played right.