17 most volatile cryptos to trade and invest in 2024

List of 17 most volatile cryptocurrencies to buy in 2024

Due to their close volatility ratio, several cryptocurrencies are risky investments, with Bitcoin by far, the most volatile cryptocurrency. Every reversal or uptrend offers profit potential for those familiar with the most volatile cryptocurrencies. Whatever the current exchange rate of your preferred currency, you will always have a worthwhile investment to make.

Here are 17 of the most volatile cryptocurrencies to buy in 2024.

Bitcoin Gold (BTG)

Bitcoin Gold (BTG) is a cryptocurrency that resulted from Bitcoin hard fork. The task of the developers was to simplify the process of mining and create a backup copy of BTC. To solve this task, the coin was transferred to a new mining algorithm that allowed ordinary users with simple computers (CPU) to get involved in mining.

Dogecoin (DOGE)

Dogecoin is a popular cryptocurrency, the first meme coin, which has become extremely popular over time thanks to the active community and support of influential leaders of opinion, such as innovator entrepreneur Elon Musk. By the way, the billionaire even believes that DOGE is technically a more promising cryptocurrency than Bitcoin.

Today, Dogecoin is actively used for charity donations, online payments, and even as an alternative means of payment for settlements with large companies. For example, you can buy a Tesla car with DOGE.

Shiba Inu (SHIBA)

Shiba Inu coin (SHIB) is one of the most successful meme coins in the market history, which, along with Dogecoin, tops various popularity ratings among retail investors.

Shiba inu was created on the basis of the Ethereum blockchain as an ERC 20 token to support NFT projects in the sphere of art. The project will develop through the launch of a decentralized exchange (DEX) for NFT.

The year 2021 was an extremely successful one for the coin, as the SHIB/USD price grew from the year’s low to the year’s high by over 150 times. Many private investors succeeded in earning hundreds (even thousands) percent in profit on the coin, which makes the question of whether SHIB can repeat its strong growth in 2024 or later (2025, 2030) rather relevant.

Lido DAO (LDO)

Lido DAO (LDO) is a digital asset staking platform that gets around the problem of holding 32 ETH for validators. The transition of Ethereum to the PoS consensus algorithm allowed users to earn on staking. To become a validator, a user must stake 32 ETH. An LDO owner can stake any amount of ETH, bypassing the 32 ETH requirement, and receive an equivalent amount of tokens in return for further financial transactions.

The platform was launched in early 2021. By mid-2022 support for staking of SOL, KSM, MATIC, DOT coins was launched. In terms of capitalization, the token is in the TOP-50 of the CoinMarketCap rating.

Solana (SOL)

Solana (SOL) is a cryptocurrency platform for decentralized finance (DeFi). SOL has a number of advantages over its key competitors, such as Ethereum. In particular, the transaction processing speed on the platform reaches 50,000 transactions per second, and their cost is only $0.00025.

The Solana price grew strongly in 2020-2021 – from USD 2-3 to USD 260 at the peak of the upward movement, which incited huge interests of investors and traders. Everybody is interested in whether Solana will be able to achieve the same success again and whether SOL price will rise again.

Axie Infinity (AXS)

Axie Infinity (AXS) is a cryptocurrency of a game metaverse that operates on the Play-to-Earn principle. Users can “improve” their characters, fight with other players, mine resources, earning AXS. There is a dedicated platform called Axie Infinity Marketplace for buying and selling game items. The platform is built on the Ethereum blockchain and is fully deployed on the Ronin sidechain. The connection between the blockchain and the sidechain runs through a cross-chain bridge.

In 2021, the coin price skyrocketed by more than 2,500%, the main growth drivers being the general optimism of investors and increasing interest towards the Metaverses caused by Facebook rebranding. Despite the subsequent rollback to the level of the middle of 2021, the coin continues to show good results. Will the developers be able to increase interest towards Axie Infinity and will AXS be able to record new all-time highs?

Fantom (FTM)

Fantom (FTM) is the native coin and a means of payment of the platform for developing decentralized apps (dApps). The platform performs the task of reducing the load of Ethereum and improving its scalability. Thanks to its compatibility with EVM blockchains, it allows for quick migration of smart contracts into its network, providing high data transfer speed by using a cross-chain bridge.

In 2021, FTM crossed the USD3 threshold twice, while priced at USD 0.2-0.4 at the start of the year. The coin has good potential and is interesting to investors.

ApeCoin (APE)

ApeCoin (APE) is the governance coin of the platform used to develop a gaming metaverse. ApeCoin is one of the largest NFT ecosystems. Three full-format collections have been developed and launched on the platform. In 2022, the platform served as the bedrock of the Otherside metaverse, which is currently being developed. The platform is built on the Ethereum blockchain.

In 2021, the APE token grew threefold in a span of several weeks thanks to the successful launch and marketing campaign of the Bored Ape Yacht Club NFT collection. The subsequent decline was due to the overload of the Ethereum blockchain and the general market stagnation. However, investors remain optimistic. Will APE be able to update its all-time highs by launching the Metaverse and new NFT collections?

The Graph (GRT)

The Graph (GRT) is a token that runs on the Ethereum blockchain and is a monetary unit of a decentralized protocol of indexing data from blockchains. The protocol analyzes the array of information in the blockchain and forms the so-called subgraphs, which can be accessed by any user. The mission of the platform is to organize information and speed up the search by structuring it.

In 2021, GRT showed a 6.5x growth, recording several visible extremes. Will the coin be able to return to the upward trend after its all-time lows?

Quant (QNT)

Quant (QNT) is the token that powers a platform that is a network for developing mApps, decentralized apps operating on multiple blockchains at once. The mission of the platform is to provide developers with an opportunity to use the possibilities of several blockchains at once. As of now, the platform supports combinations of Bitcoin, Ethereum, Ripple, Stellar, EOS, IOTA and several other lesser known blockchains.

In 2021, QNT grew by more than 35 times, showing a relatively smooth growth towards its all-time high without strong swings. The subsequent rollback turned out to be weaker, which is why investors could earn over 500% of profit on the coin in 2021. Will QNT be able to show the same performance this year?

Algorand (ALGO)

Algorand (ALGO) is a cryptocurrency platform for development of decentralized apps used to secure the blockchain and pay processing fees. The competitive advantage of the platform is the low network fee and almost infinite scalability with a fixed number of validators regardless of the number of nodes. Recently, the platform has been focused on attracting DeFi developers and NFT startups.

In 2021, the coin price rose almost tenfold, to the level of 2019, the ICO level. Under the pressure of the general market situation, the coin bounced back to the levels of the early 2021, but it has remained in the Top 50 in terms of capitalization. Will ALGO be able to reverse the downward trend and return to its all-time highs?

Filecoin (FIL)

Filecoin (FIL) is a governance coin of a non-standard platform for storing files and data on the users’ free space. Clients, miners-hosts and miners-recipients participate in the mechanism. A client transfers information to a storage miner for a fee. At that the host or custodian pledges a collateral, which will be lost, if he fails to confirm the storage of data due to a network failure. The data is returned upon request of the client for a fee from the miner-recipient. One user can play the role of the custodian and recipient.

In 2021, FIL set an all-time high in March thanks to the launch of the main network in October 2020 and also general market factors. However, by the end of 2021, the coin returned to its initial positions. Has the bottom been reached and will the coin be able to show rapid growth again?

Stellar (XLM)

Stellar (XLM) platform is one of the technological solution options for payment systems. Initially, the platform was a part of another similar system Ripple, but was turned into an independent project in 2015. Stellar is an analogue of a decentralized exchange where you can buy any currency. The platform’s competitive advantages include the speed of up to 1,000 transactions per second, decentralization with equal rights for all network participants, free conversion of any fiat money, low network fees compared to bank fees.

In 2021, XLM registered the second strong price surge, having risen in price by 5.6 times by the end of the year – from USD 0.13 to USD 0.73. The quotes stopped a step away from the 2018 all-time high, held back by the general market stagnation. Many investors are asking whether the coin will be able to surpass Ripple by popularity and become a direct competitor of BTC. And will it be able to make the third ‘comeback’ and set new all-time highs?

Ripple (XRP)

Ripple (XRP) - is a decentralized protocol, a cryptocurrency and a blockchain platform with an open source, which took international online transactions to a new level. The platform helps commercial organizations (banks, international companies) make payments very cheap and reliable. Ordinary users can also benefit from the Ripple technology both directly and through investing in the native cryptocurrency XRP.

Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is the monetary unit of a payment system that was launched in 2017, having separated through a hard fork of Bitcoin. The key difference is the block size (32Mb), quick recalculation of the network complexity. The network continues to exist separately from BTC and perform similar transactions. BCH has its own partners, but in terms of the turnover inside the network, it is behind bitcoin.

In 2021, the token price grew more than 4.5 times. However, BCH failed to maintain the levels close to the year’s highs and gradually dropped to all-time lows. For how long will the price continue to decline? Or will the coin recover partially and move in the flat?

Litecoin (LTC)

Litecoin (LTC) – is one of the first successful altcoins. The developers took into account the drawbacks of Bitcoin and made this cryptocurrency faster and its mining less energy-intensive.

2021 was a successful year for Litecoin – in a year, the price of cryptocurrency grew from $124 to $149, reaching a high of up to $389 in the course of the year. Are there grounds to believe in the long-term growth of the LTC?

Dash (DASH)

Dash (DASH) is a cryptocurrency platform of the payment system segment. The startup was launched in 2014 as a key competitor of Bitcoin. Its key advantages include stricter requirements for anonymity, resistance to the 51% and Sybil attacks, and a higher transaction speed. When it was launched, the developers tried to actively attract companies in an attempt to turn DASH into a full-fledged monetary unit. Today, the coin continues to perform this role in a stable circle of partners.

In 2021, the DASH token grew in price several times by 100-200%. However, the coin did not manage to keep a stable upward trend. What are the prospects of DASH for the next few months and is it worth considering it for a long-term investment?