11 Most Volatile Cryptocurrencies in 2023

Cryptocurrencies have witnessed wild price swings over the past few years. This rollercoaster ride of volatility can be both a challenge and a golden opportunity.

This comprehensive guide unveils the top 10 most volatile crypto to buy in 2023, presenting an in-depth analysis of each coin’s potential. With a nuanced understanding of volatility, you’ll be well-equipped to capitalize on the market’s ever-changing landscape and maximize your investment returns.

Analyzing the Most Volatile Crypto Coins

Navigating the crypto world can reward those willing to embrace higher risk. Volatile cryptos often exhibit daily price shifts – while this may be tricky, it also offers numerous opportunities for traders.

Let’s explore the most volatile crypto to trade in 2023.

Investors searching for the cryptos with the most potential can consider the following projects.

1. Love Hate Inu – Most Volatile Cryptocurrency in 2023 in the Vote-to-Earn Space

Volatile crypto investments may seem quite lucrative but have their risks. As a result, it’s vital to choose a crypto with an actual utility to ensure long-term returns. First up on our list of the most volatile cryptocurrencies is Love Hate Inu.

Love Hate Inu is a platform that links memes and blockchain technology to create an unprecedented vote-to-earn system.

 

By participating in various polls and surveys, ranging from serious to lighthearted topics, users can earn $LHINU tokens by staking them. Consequently, $LHINU has become one of the best meme coins with utility.

Impressively, the project has accumulated over $2 million within a few days of its launch. During the current presale stage, $LHINU tokens are available for $0.000095 USDT.

Their price will rise to $0.000145 USDT in the final, eighth phase. Tokens can be acquired with ETH/USDT or fiat credit cards.

What Exactly is Love Hate Inu?

Love Hate Inu is a groundbreaking platform that rewards users for engaging in polls. It has gained popularity on social media for enabling voting on important issues.

Via its vote-to-earn mechanism, Love Hate Inu is transforming the online survey space – an industry valued at over $3 billion – by rewarding users to voice their opinions anonymously.

Love Hate Inu could be the next crypto to explode in the utility meme token space that encourages a healthy discussion on current topics.

How does Voting Work?

Love Hate Inu is a community-centric platform that encourages social interaction and constructive discussions on current topics by allowing users to stake tokens to vote in polls.

Users earn tokens for their stakes and votes through a staking mechanism that hides votes and avoids spam.

According to the Love Hate Inu whitepaper, voting power grows with stake size. Requiring a minimum 30-day staking period to participate makes it challenging for spammers to manipulate votes.

Why Invest in love Hate Inu?

Love Hate Inu’s cutting-edge voting platform holds the potential to revolutionize the online survey market – an industry that is poised to grow at a CAGR of 11.3% until 2026.

The platform utilizes distributed ledger technology to anonymously record unalterable results, making it one of the best altcoins in the vote-to-earn space.

With 90% of the total 100 billion tokens sold during the presale, this investment is safeguarded from rug pulls and is community-controlled.

Investors can consider entering the Love Hate Inu Telegram group for the latest updates.

2. Fight Out – Volatile Play-to-Earn Crypto Coin Offering Soulbound NFTs

Fight Out is the next crypto project in our list of the most volatile crypto coins. It introduces a cutting-edge play-to-earn (P2E) gaming ecosystem that seamlessly merges real-world training with virtual rewards.

Featuring a train-to-earn model, this unique ecosystem sets Fight Out as a frontrunner in the P2E field.

The project has secured over $5.8 million in investment. The crypto community has a positive outlook on this P2E platform, making it one of the best crypto private sales in the P2E space.

The $FGHT token price is preparing for its CEX listings from April 5th. Early investors can secure up to a 67% bonus during the presale, contingent on the amount purchased and the lock-up period.

This new bonus structure removes the three-month minimum vesting prerequisite. Moreover, a 10% airdrop will be granted to existing investors on their holdings.

In contrast to competitors focusing primarily on walking and requiring expensive NFTs, Fight Out has designed an app that offers a holistic approach to enhancing user health.

The app encompasses training plans, top-notch tutorial videos, and a unique, non-transferable ‘Soulbound’ NFT avatar that symbolizes the owner and can participate in daily, weekly, and monthly contests.

These Soulbound NFTs improve in correlation to the users’ real-life fitness metrics. Consequently, players can compete on Fight Out’s metaverse against each other, making it one of the best metaverse coins.

Users can earn the in-app currency, REPS, by finishing workouts and accomplishing goals, redeemable for various rewards, such as training gear, apparel, supplements, and discounts on memberships and personal training sessions.

The project showcases captivating metaverse and play-to-earn aspects, with users competing through their avatars for extra rewards and engaging in player-vs-player games.

Moreover, Fight Out has partnered with the British boxing sensation Savannah Marshall, UFC combatants Taila Santos and Amanda Ribas, and American Ninja Warrior Tremayne Dortch. These ambassadors will endorse the company and supply exclusive content for users.

As per the Fight Out whitepaper, the total token supply amounts to 10 billion, with 9% allocated for the presale, 4.5% for the bonus pool, and 10% designated for exchange liquidity.

The remaining tokens will fund ongoing project development, vested over five years.

For additional information on the project, join the Fight Out Telegram group.

3. C+Charge – Eco-friendly Volatile Crypto Rewarding Carbon Credits for EV Charging

The upcoming project in the most volatile cryptos list is $CCHG, the native token for the C+Charge platform.

C+Charge employs blockchain technology to establish a crypto-based peer-to-peer payment network for electric vehicle (EV) charging stations. The token is currently in the presale stage and will soon be listed on a major centralized cryptocurrency exchange.

The C+Charge whitepaper reveals that the platform will introduce an app allowing payments at select EV charging stations using $CCHG tokens. The project aims to transform the EV charging landscape by providing transparent pricing and real-time waiting time updates for nearby locations.

Moreover, C+Charge offers Carbon Credits, permits that enable the removal of a specific amount of carbon emissions from the atmosphere. When users make payments using CCHG tokens, they can earn Carbon Credits as Goodness Nature Tokens (GNT).

The C+Charge app will enable users to monitor their Carbon Credits, convert these credits into NFTs, and access technical diagnostics for charging stations. C+Charge also plans to collaborate with solar-powered charging stations in pursuit of greater sustainability.

With the worldwide peer-to-peer (P2P) EV charging market projected to grow at a compound annual growth rate (CAGR) of 22.3% between 2023 and 2030, C+Charge has immense potential to position itself as a top-performing future cryptocurrency in this swiftly evolving industry.

$CCHG has the potential to be one of the best ICO projects once the ongoing presale concludes. Priced at $0.0235, CCHG is currently in the final of eight presale rounds.

On March 31st, 2023, CCHG will be listed on a centralized crypto exchange, which could lead to a surge in trading volume as the token prepares for further listings on prominent exchanges. To stay informed about the latest developments related to this project, join the C+Charge Telegram group.

4. Doge Rush – Play-to-Earn Meme Cryptocurrency currently trading at $0.0055 on Presale

Being a meme cryptocurrency, Doge Rush may offer high levels of volatility in the future. As is the case with tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB), investors can often garner huge returns in a small period of time.

With $DR, the native token of Doge Rush, users have the chance to enter the token during the ongoing presale. With many meme coins offering a huge price increase post the exchange listing, a presale round could be a potentially beneficial period to enter a project.

Furthermore, Doge Rush offers utility and revenue-earning opportunities through its $DR token. Doge Rush will host a play-to-earn ecosystem called DogeHub. On this platform, users can take part in side-scrolling games.

The games will incorporate internet-based meme trends such as doge and Elon Musk. These popular characters will be available as in-game avatars. Users can purchase doge NFTs and earn $DR tokens from the games.

The games will replicate popular apps such as Sonic Dash and Temple Run. Another revenue-earning opportunity will arise from the DogeWin environment. This will host hourly competitions and raffles, so users can collect $DR tokens as well as ETH.

Currently, on presale, $DR is priced at just $0.0055 per token. The price will go up by 80% to $0.0099 per token upon listing. Read the Doge Rush whitepaper and join the Telegram channel for more updates on this crypto platform.

5. Tamadoge – Blockchain-based Arcade Game Collection Featuring NFT Pets

Tamadoge, one of the most volatile cryptos, has emerged as a prominent new project after launching a few games in its ecosystem.

Super Doge, a Mario-style platform game, enables players to gather coins and vanquish the evil SECKnights. This game is the first of five arcade games, with the primary Tamadoge game and an augmented reality app scheduled for 2023.

Super Doge provides both play-to-earn and free-to-play modes catering to a wide audience. Players need a Tamadoge NFT, obtainable on OpenSea, and 1 TAMA token per game to earn rewards. The game experienced massive success on its first day, with over 4,800 minutes (80 hours) of gameplay.

Moreover, tamadoge’s latest game, ‘To The Moon,’ is the third in the arcade series, contributing to thousands of hours of playtime.

The main Tamadoge game, inspired by the 90s Tamagotchi fad, allows players to breed, nurture, and raise NFT pets that compete for prizes.

The forthcoming AR app will enable players to bring their pets into reality for exploration and treasure hunting.

In 2022, Tamadoge was a notable new coin launch, with the TAMA token price soaring nearly 2,000% from its presale value. This meme coin project offers several advantages over competitors, such as a limited supply of 2 billion tokens (versus DOGE’s 132 billion) and a deflationary strategy.

A 5% burn rate applies to pet store purchases, where players buy assets, food, and toys for their pets, gradually reducing TAMA’s circulating supply.

6. Shiba Inu – Emerging Meme Crypto With Huge 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.

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.

Crypto assets are highly volatile and unregulated—no consumer protection. Tax on profits may apply. Your capital is at risk.

7. Dogecoin – A Recognized Meme Coin with Inflationary Tokenomics

Dogecoin (DOGE) is one of the most volatile cryptocurrencies 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.

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.

Crypto assets are highly volatile and unregulated—no consumer protection. Tax on profits may apply. Your capital is at risk.

8. 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 cryptocurrencies daily, 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.

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.

Crypto assets are highly volatile and unregulated—no consumer protection. Tax on profits may apply. Your capital is at risk.

9. 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 crypto” 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.

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

Crypto assets are highly volatile and unregulated—no consumer protection. Tax on profits may apply. Your capital is at risk.

10. 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.

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.

Crypto assets are highly volatile and unregulated—no consumer protection. Tax on profits may apply. Your capital is at risk.

11. Polkadot – Facilitates Seamless Communication Between Different Blockchains

Polkadot’s unique features have attracted attention, despite being known as one of the most volatile cryptocurrencies daily. 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.

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.

Crypto assets are highly volatile and unregulated—no consumer protection. Tax on profits may apply. Your capital is at risk.

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.

A primary reason behind cryptocurrency volatility is the relatively small market size compared to traditional financial markets. As a result, even small events or news stories can cause significant price fluctuations. Other factors include market sentiment, speculative trading, regulatory changes, and technological advancements.

Take the case of Elon Musk tweeting about Bitcoin or Dogecoin. His tweets have, in the past, influenced the prices of these cryptocurrencies, sometimes leading to dramatic increases or decreases in value.

Another example is when China announced a crackdown on crypto trading and mining in 2021, which led to a sharp drop in crypto prices. However, the recent collapse of the Silicon Valley Bank has reaffirmed some trust as the volatility has favored the bulls over the past few weeks.

What Affects a Crypto’s Volatility?

Several factors affect a crypto’s volatility, including:

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, contributing to its relative stability.
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 Cryptos

Finding volatile cryptocurrencies involves identifying those digital assets that experience significant price fluctuations. Here are some steps to help you spot the best cryptos to trade in 2023:

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 volatile 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.

Should You Trade Volatile Cryptos?

Trading volatile cryptos 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. Another important factor to consider is how to avoid crypto taxes when making capital gains on crypto investments.

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, volatile cryptos offer both risks and rewards. By understanding the factors affecting volatility and identifying the most volatile crypto to buy, traders can harness these opportunities for potential gains.

In doing so, it’s vital to diversify your portfolios with presale investments like Love Hate Inu. It is web 3.0’s first meme crypto offering a reliable, secure, anonymous vote-to-earn platform. Users can get rewarded for voicing their opinions on topics ranging from pop culture to politics.

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