10+ Most Volatile Cryptos of 2024 – Turn Volatility into Profit

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Why Trust Techopedia Crypto

The term “most volatile crypto” refers to cryptocurrencies that exhibit frequent and dramatic price fluctuations. This rollercoaster ride of volatility can be both a challenge and a golden opportunity for those who invest wisely.

In this article, we’ll list the most volatile cryptocurrency of 2024, discuss what drives crypto volatility, when cryptos are most volatile, and whether trading these digital assets is advisable.

What is the Most Volatile Cryptocurrency?

Here’s a list of the 13 most volatile cryptos today:

  1. Dogeverse – Most volatile multi-chain meme coin. $13M raised on presale.
  2. WienerAI – AI coin navigating volatility for potential profit.
  3. 5th Scape – An Ethereum-based VR gaming platform with hyper-realistic VR technology.
  4. Sponge V2 – Popular meme coin, new token version offers up to 193% staking yields. 
  5. Smog – New meme coin looking to generate market hype. Passive staking available.
  6. KAI – Newly launched cat-themed meme coin. Get 7,158% staking rewards.
  7. Shiba Shootout – Western-themed volatile meme coin.
  8. Shiba Inu – One of the most popular meme coin, termed the ‘Doge Killer.’
  9. Dogecoin – Biggest meme cryptocurrency in the world. $12 billion market cap.
  10. ApeCoin – Powerful meme coin, native token of the exclusive Bored Ape Yacht Club ecosystem.
  11. XRP – Top #10 crypto by market cap. Used to make cross-border payments.
  12. Solana – Decentralized crypto, supports up to 65,000 transactions per second.
  13. Polkadot – Crypto facilitating seamless communication between different blockchains.

Most Volatile Crypto – Detailed Reviews

Now that we’ve listed the highest volatility cryptos, it’s time to dive into them a little bit deeper. Read on for a full analysis of each of these assets, and decide whether any of these projects is right for you.

1. Dogeverse – Most Volatile Meme Coin Offers Multi-Bridge Utility, Get 70% Staking APY

We have chosen Dogeverse ($DOGEVERSE) as the most volatile cryptocurrency in 2024. While the project’s meme dynamics can make it an unpredictable investment, Dogeverse offers real utility through its staking mechanism and multi-chain set-up. 

Dogeverse presale

Dogeverse has the edge over other meme coins, since it is one of the first to be compatible with six blockchains. Currently, Dogeverse is built on the Ethereum blockchain. It will offer multi-chain access, and $DOGEVERSE wil soon be bridged over to the Solana, Base, Avalanche, Binance, and Polygon blockchain. 

This will allow token holders to seamlessly navigate through the blockchain. $DOGEVERSE holders can also earn a high staking APY (Annual percentage yield) by staking tokens on the smart contract. You can earn a live APY of 70%, which will decrease as more tokens are staked. 

From the total supply of 200 billion tokens, 10% will be offered back as staking rewards. Another 15% are currently being offered through the token presale. So far, Dogeverse has raised more than $13 million within months of the presale launch. 

By the end of the presale, Dogeverse aims to raise a $17 million hard cap. Learn more about this project by reading the Dogeverse whitepaper and joining the Telegram channel

Presale Started April 2024
Purchase Methods ETH, USDT, Card
Chain Ethereum, Solana, Avalanche, Base, Polygon, Binance
Hard Cap $17 million
Min Investment None
Max Investment None

2. WienerAI – AI Coin Navigating Volatility for Potential Profit

For investors seeking to capitalize on volatility in 2024‘s crypto markets, few assets show as much turbulent yet lucrative potential as WienerAI. This meme asset is ready to ride the volatile wave of the meme coin mania to gain quick traction in the market. 

$WAI

At the center of this ecosystem is a cybernetic canine AI capable of continuously upgrading itself, which is just begging for immense price swings driven by waves of hype and speculation. 

However, any roadblocks or misses in executing such lofty goals could conversely trigger massive downside volatility. This dichotomy of sky-high upside aspiration vs. vulnerability to epic downside busts creates the perfect recipe for a wildly volatile investment profile.

That being said, with the introduction of an AI trading bot, WienerAI has now dimmed its volatile nature to some degree. While thrill seekers may still see it as a volatile, high-risk asset. The introduction of this tangible utility has transformed WienerAI into a relatively stable cryptocurrency. 

Total Tokens 69 Billion 
Tokens available in presale 20.7 Billion
Blockchain Ethereum
Token Type ERC-20
Minimum purchase None
Purchase with ETH, USDT, and BNB

3. 5th Scape – New-Age Gaming Platform with Unique Virtual Reality Experiences

5th Scape is a cutting-edge virtual reality (VR) gaming platform that combines immersive VR experiences with blockchain. At the center of the platform is the $5SCAPE token, which is important for accessing premium VR content and experiences on the platform.

5th Scape presale

5th Scape aims to offer a hyper-realistic VR world, starting with its flagship game, ‘Cage Conquest,’ focused on MMA. The platform plans to expand its library with a variety of sports and immersive experiences, catering to a broad audience.

This token not only functions as a currency but also improves the user experience by offering lifetime access to VR content and gear discounts.

The presale of $5SCAPE aims to raise $15 million, with the token initially priced at $0.00187. Early investors could see huge returns, with a projected 400% increase in value during the presale. The presale is structured in 12 rounds, with the price rising in each subsequent round.

Interested users can follow the platform on X or enter the 5th Scape Telegram group for more information.

Presale Started 9 January 2024
Purchase Methods ETH or USDT
Chain Ethereum
Hard Cap 15 million
Min Investment None
Max Investment None

4. Sponge V2 – Highly Volatile Crypto is Upgrading its Token Using the Stake-to-Bridge Mechanism 

Sponge launched in May 2023 – instantly becoming one of the top-performing meme tokens of the year. Now, this meme coin is upgrading to a V2 token version – promising to offer more utility through its unique staking model and play-to-earn game. 

SpongeV2 home

Sponge V2 ($SPONGEV2) can be accessed through the newly launched V2 smart contract. Those holding $SPONGE tokens can un-stake their holdings from the V1 smart contract and re-stake $SPONGE on the new smart contract. You receive an equal amount of $SPONGEV2 tokens once you lock your assets on the V2 smart contract. 

In no time, more than 9.9 million $SPONGE tokens have been locked on the new smart contract. At the time of writing, Sponge is offering over 193% in staking APYs. The Sponge V2 whitepaper states that the platform will also offer $SPONGEV2 through its upcoming play-to-earn racer game. 

This can be a unique way for this volatile token to attract a new customer demographic. Furthermore, the staking mechanism can increase customer retention and reduce the volatility of this token. Join the Sponge V2 Telegram channel and follow the platform on Twitter and Discord

Hard Cap N/A
Total Tokens 150 Billion
Tokens available in presale N/A
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

5. Smog – Most Volatile Meme Coin, Get Up to 42% Staking APYs

One of the most volatile tokens to look out for is Smog ($SMOG) – a new meme cryptocurrency. In February 7th 2024, $SMOG listed straight on decentralized exchanges.

Smog token page

From an initial market cap of only $2 million, the token now has a market cap of more than $89 million. One of the reasons for this staggering price increase can be the airdrop and staking rewards.

Smog aims to conduct one of the best Solana airdrop campaigns. From its total token supply of 1.4 billion, 490 million tokens will be offered as airdrops. To earn airdrop points, one can hold $SMOG or join Smog challenges and quests.

Despite being a meme coin, $SMOG offers additional utility through its staking mechanism. Over 3.5 million tokens have been staked on the smart contract. Another 50% of the token supply will be used to market the project. A further 15% has been allocated for centralized and decentralized exchanges.

Stay updated with this cryptocurrency by going through the Smog whitepaper and joining the Telegram channel.

Hard Cap N/A
Total Tokens 1.4 Billion
Tokens available in presale Not a presale
Blockchain Solana
Token type SPL
Minimum Purchase N/A
Purchase with SOL, USDT, USDC or any other Solana-based token

6. KAI – Newly Launched Cat Meme Coin, Offers Huge Staking Rewards

KAI ($KAI) is a cat-themed meme token that wants to dethrone Doge meme coins. The $KAI token offers huge staking rewards and is selling out quickly on presale. 

KAI presale

While meme tokens may be volatile investments, KAI promotes long-term holding through its staking mechanism. $KAI token holders can stake tokens on the smart contract and generate regular passive income. 

Currently, $KAI stakers will receive an annual yield of up to 7,158%. As more tokens are staked, the annual yield will reduce. There is a total supply of 10,000,010,404 tokens, of which 15% will be distributed as staking rewards. Another 25% will be used to market the project. 

While $KAI may offer uncertain returns after launching on exchanges, the token is available at a fixed price through the ongoing presale. Currently, $KAI is available to purchase for $0.0041628 per token. 

In only a few weeks since the presale launched, KAI has raised more than $250K. Learn more about this cryptocurrency by going through the KAI whitepaper and joining the Telegram channel

Hard Cap N/A
Total Tokens 10,000,010,404 KAI
Tokens available in presale 2,000,002,080 KAI (20%)
Blockchain Ethereum
Token type ERC-20
Minimum Purchase N/A
Purchase with ETH, USDT, BNB Credit Card

7. Shiba Shootout – Western-themed Volatile Meme Coin

Shiba Shootout emerges as one of the 15 most volatile cryptos of 2024. Drawing inspiration from the Wild West, this meme coin venture offers investors a unique opportunity to harness volatility for profit.

Shiba Shootout will make you rich

Shiba Shootout sets itself apart by delivering an immersive experience that transcends mere transactions. With its theme rooted in high-stakes battles and strategic gameplay, it captures the essence of the crypto Wild West. Led by the legendary Marshal Shiba and his Sharpshooters, the project invites users to embark on a digital adventure filled with creativity and excitement.

At the heart of Shiba Shootout is its bustling digital settlement, Shiba Gulch, where community members engage in challenges, share memes, and experience the thrill of the showdown. Through features like Posse Rewards, Campfire Stories, and Token Governance Roundups, participants can actively contribute to the project’s growth while reaping rewards.

Investors looking to capitalize on Shiba Shootout’s volatility can participate in the ongoing presale, securing discounted prices before the token gains traction. Detailed instructions for involvement can be found on the official presale page, with real-time updates available via Twitter.

As one of the most volatile cryptos of 2024, Shiba Shootout presents an exciting opportunity to turn volatility into profit. With a robust roadmap ahead, it aims to solidify its position among the top meme coins in the market, offering investors a thrilling journey into the realm of crypto Wild West.

Total Tokens 2.2 Billion 
Tokens available in presale 700 Million 
Blockchain Ethereum
Token Type ERC-20
Minimum purchase None
Purchase with ETH, USDT, and BNB

8. Shiba Inu – Emerging Meme Crypto With High Volatility and Upside Potential

Shiba Inu (SHIB) has attracted considerable interest due to its highly volatile nature, presenting traders with potential opportunities to capitalize on price swings.

Established in August 2020 by an anonymous entity or group called “Ryoshi,” SHIB was originally conceived as a meme coin, adopting its name and logo from the Shiba Inu dog breed made famous by Dogecoin. However, it has since become a significant meme coin arena contender.

SHIB’s decentralization is crucial, meaning it is free from control by any central authority or financial institution. Utilizing the Ethereum blockchain, the currency offers a secure, transparent, and tamper-proof transaction platform, facilitating peer-to-peer exchanges without intermediaries.

Shiba Inu Price Chart

SHIB’s deflationary token strategy encourages long-term holding by decreasing overall supply, consequently increasing the token’s value. Furthermore, some tokens have been locked in liquidity pools and burned to enhance scarcity.

ShibaSwap, a decentralized exchange (DEX) within the Shiba Inu ecosystem, stands out as a key element. It enables users to trade multiple cryptocurrencies, stake tokens, and generate passive income via yield farming. In addition, the Shiba Inu project aims to broaden its ecosystem by creating an NFT marketplace and a gaming platform.

9. Dogecoin – A Recognized Meme Coin with Inflationary Tokenomics

Dogecoin (DOGE) is one of the most volatile cryptocurrency that presents traders with opportunities to capitalize on price fluctuations.

Created in December 2013 by Billy Markus and Jackson Palmer, Dogecoin started as a joke, deriving its name and logo from the popular Shiba Inu dog meme. Despite its humorous origins, Dogecoin has evolved into a widely recognized digital currency in the crypto market.

Dogecoin Chart

One of the fundamental features of Dogecoin is its fast and inexpensive transactions, making it suitable for micropayments and everyday use. Its block time of one minute allows for quick confirmations, and the low transaction fees ensure that users can transfer funds without incurring significant costs.

In terms of supply, Dogecoin differs from many other cryptocurrencies as it has an uncapped supply. This inflationary model encourages spending and discourages hoarding, fostering circulation and usability. However, this also means that the value of DOGE may not increase as rapidly as other deflationary cryptocurrencies.

10. ApeCoin – Powers the Exclusive Bored Ape Yacht Club Ecosystem and Gives Holders Unique NFT benefits

ApeCoin, which has been noted as one of the most volatile crypto for day trading, serves as the native utility token for the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) communities. These communities are prominent non-fungible token (NFT) projects created by Yuga Labs.

The token enables holders to participate in governance decisions and access exclusive content, events, and experiences within these communities. By linking the token to popular NFT projects, ApeCoin aims to leverage the growing interest in digital art and collectibles.

ApeCoin Price Chart

Another key aspect of ApeCoin is its tokenomics, which follows a deflationary model. With a fixed supply of one billion tokens, scarcity plays a significant role in driving the token’s value. A portion of the tokens is allocated to the community treasury, ensuring funds for the project’s ongoing development and community initiatives.

ApeCoin’s utility extends beyond the BAYC and MAYC ecosystems. The token is designed to serve as a medium of exchange, store of value, and unit of account for various web3 applications and platforms.

11. XRP – Streamlines Cross-Border Payments with Fast, Low-Cost Transactions

XRP, the digital asset native to the Ripple protocol, has attracted substantial attention in the crypto world. Although some may refer to it as one of the “most unstable cryptocurrency” options due to potential regulatory and market risks, XRP possesses several distinctive features that set it apart from other cryptos.

Firstly, XRP boasts rapid transaction speeds, with confirmations taking as little as 3-5 seconds. This is significantly faster than Bitcoin and Ethereum, which can take minutes. Secondly, XRP transactions have a negligible cost, making them an affordable option for retail and institutional users.

XRP Chart

Another notable feature is the high scalability of XRP. The Ripple protocol can handle 1,500 transactions per second (TPS), outperforming some of the best cryptocurrency to buy right now. This scalability allows for efficient and seamless cross-border payments, making XRP an attractive choice for banks and financial institutions.

12. Solana – Offers Speed and Scalability on its Smart Contracts Platform

Solana, a high-performance blockchain platform, has become popular among crypto enthusiasts. While some might associate it with being the “crypto with highest volatility,” this innovative network offers impressive features that make it stand out in the rapidly expanding crypto space.

One of Solana’s most remarkable features is its speed. Solana outshines many of its competitors with a capacity to process over 50,000 TPS, providing lightning-fast transaction confirmations. The network’s unique consensus mechanism, Proof of History (PoH), makes this speed possible.

Solana Chart

Another notable aspect is its low transaction fees. Thanks to Solana’s efficiency, users enjoy minimal costs when executing transactions, making it a cost-effective choice for everyday use. Furthermore, the platform supports smart contracts, allowing developers to create and deploy decentralized applications (dApps) easily.

Scalability is another crucial feature of Solana. As the number of users and transactions on the network grows, Solana can maintain its performance without compromising speed or security. This adaptability makes it an attractive option for a wide range of applications.

13. Polkadot – Facilitates Seamless Communication Between Different Blockchains

Polkadot’s unique features have attracted attention, despite its high volatility. The platform aims to provide interoperability, scalability, and security, making it a highly sought-after digital asset.

Interoperability is a distinguishing factor for Polkadot, allowing seamless communication between various blockchains. This cross-chain functionality fosters collaboration and information sharing, which promotes innovation in the blockchain ecosystem.

DOT Price Chart

Scalability is another essential feature of Polkadot. It utilizes parachains – parallelized chains that run simultaneously – to process multiple transactions at once, boosting the network’s overall capacity. This efficient system reduces congestion and transaction times, improving user experience.

Lastly, Polkadot’s security model ensures the safety of its network. It employs a shared security system, where each connected blockchain benefits from the same level of protection. This eliminates the need for individual chains to maintain their security, lowering barriers to entry for new projects.

What is Volatility in Cryptocurrency?

Volatility in cryptocurrency refers to the rapid and unpredictable fluctuations in the value of a digital asset, such as Bitcoin, Ethereum, or any other cryptocurrency. In essence, it represents how much the price of a specific crypto can change over a short period, either increasing or decreasing in value.

What Affects a Crypto’s Volatility?

We’ll list several of the features that make certain digital assets high volatile crypto.

  1. Market Sentiment: People’s perception of a cryptocurrency can impact its volatility. For example, a positive news story about Ethereum may drive more investors to buy, causing its price to rise. Conversely, negative news can lead to panic selling and price drops.
  2. Adoption Rate: The more widely a cryptocurrency is used and accepted, the more stable its price will likely be. For example, Bitcoin is more established and widely used than many newer cryptocurrencies, which is why it’s not a highly fluctuating cryptocurrency.
  3. Market Liquidity: A liquid market has many buyers and sellers, making it easier to trade assets without causing significant price changes. Illiquid markets, on the other hand, can experience large price swings due to limited trading activity. Smaller cryptocurrencies with lower trading volumes are typically more volatile than those with higher volumes.
  4. Regulatory Environment: Government regulations can significantly impact a cryptocurrency’s price. For instance, if a country decides to ban or heavily regulate crypto, it may decrease demand and increase volatility.
  5. Technological Developments: Advances in blockchain technology or the release of new features can affect a cryptocurrency’s price. For example, if a popular platform like Ethereum introduces a major upgrade, it may cause its price to increase due to heightened interest and usage.

How to Find Volatile Crypto

Finding the most volatile crypto coins involves identifying those digital assets that experience significant price fluctuations. Here are some steps to help you them easily:

  1. Research: Start by researching various cryptocurrencies and their historical price movements. Websites like CoinMarketCap or CoinGecko provide information on various cryptocurrencies, including their price history and market data.
  2. Analyze Price Fluctuations: Observe the percentage changes in a cryptocurrency’s price over different periods (daily, weekly, or monthly). Currencies with large price swings are considered more volatile. For example, if Coin A changes 5% daily while Coin B changes 1%, Coin A is more volatile.
  3. Trading Volume: Examine a crypto’s trading volume, which indicates the number of transactions within a specific time frame. Lower trading volumes often correspond to higher volatility, as fewer trades can cause more significant price changes. Smaller, lesser-known cryptocurrencies usually have lower trading volumes than established coins like Bitcoin or Ethereum.
  4. News and Events: Stay informed about developments within the crypto world. Regulatory announcements, technological breakthroughs, or high-profile partnerships can trigger sudden price changes. Following crypto news sources and social media channels can help identify potentially unstable cryptocurrencies.
  5. Use Screening Tools: Some platforms help you find volatile cryptocurrencies. For example, TradingView has a screener tool that filters digital assets based on specific criteria like price changes, volume, and market cap.

When Are Cryptocurrencies the Most Volatile?

While it’s challenging to pinpoint the exact times when cryptos are most volatile, certain situations can lead to increased price fluctuations:

  1. Market Openings: Cryptocurrencies are traded 24/7 across multiple time zones. However, traditional financial markets have specific opening and closing times. Increased trading activity at the beginning and end of traditional market hours can cause price spikes and heightened volatility.
  2. Market Sentiment Shifts: Sudden shifts in market sentiment, driven by fear, uncertainty, or greed, can lead to increased volatility.
  3. Forks and Upgrades: When a cryptocurrency undergoes a significant update or “fork,” which creates a new version of the blockchain, it can increase volatility.
  4. Market Manipulation: Large players, known as “whales,” can impact the market by making substantial buy or sell orders. These actions can create temporary price spikes or drops, increasing the cryptocurrency’s volatility.
  5. Economic Turmoil: Global economic uncertainty, such as during the COVID-19 pandemic, can increase interest in cryptocurrencies as an alternative investment. This heightened attention can cause significant price fluctuations.

Are the Most Volatile Cryptos Suitable for Day Trading?

Trading some of the most fluctuating cryptocurrency can be both a high-risk and high-reward endeavor. The crypto with the highest volatility often attracts traders due to its potential for massive profits. However, it’s essential to consider the risks involved and whether you have the experience, knowledge, and risk tolerance to navigate these markets successfully.

The most volatile cryptos experience significant price fluctuations within short periods, making them unpredictable and risky. For seasoned traders with a robust understanding of the market, these fluctuations provide opportunities to make quick profits through short-term trading strategies. However, the risk of loss is much higher for beginners or those with limited knowledge.

When trading volatile cryptos, it is crucial to have a clear plan and stick to it. This includes setting stop-loss orders to minimize potential losses, diversifying your investments to spread risk, and being prepared to accept losses as part of the trading process.

Educating yourself on the crypto with the highest volatility you plan to trade is also essential. Understand the project behind the cryptocurrency, its fundamentals, and the factors that influence its price fluctuations. By doing so, you will be better equipped to make informed decisions and limit potential risks.

Conclusion

In conclusion, understanding the most volatile crypto might be crucial in today’s crypto market. We’ve discussed the reasons behind the volatility and highlighted why it might not always be negative, as it can lead to potential gains.

One such crypto is Dogeverse. This is a new cryptocurrency meme coin that is compatible with six blockchains. The $DOGEVERSE token can be staked to generate a high annual yield.

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Michael Graw
Technology Expert
Michael Graw
Technology Expert

Michael Graw is an experienced writer in the business and B2B tech fields. His articles can be found on Business Insider, Entrepreneur, Tom’s Guide, and TechRadar, and cover everything from corporate finance to crypto and international tech regulation. A prolific copywriter and entrepreneur, Michael has worked with a wide range of SaaS and tech companies and has his finger firmly on the pulse of B2B tech and finance.