It’s common knowledge that cryptocurrency is a volatile asset class – far more so than ‘traditional’ assets like stocks and bonds. However, although this volatility can be challenging to navigate, it also presents an abundance of opportunities for crypto traders to open positions and generate regular profits.

With that in mind, this guide presents a comprehensive overview of the most volatile crypto to buy in 2023. We’ll explore a selection of top coins with high volatility before discussing several reasons why these coins could represent a great investment opportunity.

The Most Volatile Cryptos to Buy in 2023

Investors looking for the next cryptocurrency to explode may wish to consider the projects listed below. These projects, derived through extensive research and analysis, are considered some of the most volatile cryptos – making them ideal for active traders.

  1. Tamadoge (TAMA)‘Meme Coin’ Crypto with the Highest Volatility
  2. Bitcoin (BTC) – World’s Largest Cryptocurrency with Aggressive Price Action
  3. Litecoin (LTC) – Bitcoin Alternative with Volatile Price Movements
  4. Stellar (XLM) – Most Volatile Crypto to Invest in with Passive Income Potential
  5. Ethereum (ETH) – Top Crypto Project with Upcoming Price Volatility
  6. Shiba Inu (SHIB) – One of the Most Volatile Cryptocurrencies with Enormous Community Backing
  7. ApeCoin (APE) – New ‘Meme Coin’ with Unpredictable Price Action
  8. Decentraland (MANA) – The Most Volatile Crypto to Trade in the Metaverse Sector

A Closer Look at the Most Volatile Cryptocurrencies

Trading volatile coins can be a great way to make money with cryptocurrency, yet it requires a higher risk tolerance level. The most volatile cryptos tend to showcase aggressive price movements daily – although these can be challenging to handle, they also provide an abundance of opportunities for savvy traders.

With that in mind, let’s dive in and discuss the most volatile crypto to trade in 2023.

Tamadoge (TAMA) – ‘Meme Coin’ Crypto with the Highest Volatility

Tamadoge logoA close third in regards to the most volatile crypto to trade is Tamadoge. Tamadoge is an ERC-20 token that has exploded in popularity over the past few weeks, driven by its ‘meme coin’ aesthetic and exciting use cases. Furthermore, due to the coin’s similarity to Dogecoin and Shiba Inu, Tamadoge has already gained a significant social media following.

Tamadoge looks to differentiate itself from these coins by offering utility – something that isn’t present in many of the best meme coins. This utility comes in the form of P2E mechanics since members of the Tamadoge ecosystem can mint Tamadoge pets (structured as NFTs) and take care of them until they reach adulthood.

tamadoge chart

Once this occurs, these pets can be battled against other users’ pets, with the winner receiving Dogepoints. The user with the most Dogepoints at the end of the month will receive rewards in the form of TAMA tokens from the Dogepool. Interestingly, Dogepool is funded by taking a percentage of the amount when users purchase NFTs from the Tamadoge store.

This approach makes Tamadoge one of the best play-to-earn games of the year – and given the development team also has plans for TAMA-themed arcade games and an augmented reality (AR) app, there’s undoubtedly massive potential for this project.

After collecting $19 million during its presale, the token was listed on the OKX exchange at $0.03 and pumped to an all-time high of $0.194 – more than 500% from the list price and nearly 2,000% from the early presale price.

Since the listing on OKX, Tamadoge has also been listed on numerous exchanges with – the fifth-largest exchange by volume.

With the ecosystem continuing its development and more exchange listings in the pipeline TAMA is expected to pump when wider market conditions improve.

The best way to keep tabs on any future listings is to join the Tamadoge Telegram group.

Bitcoin (BTC) – World’s Largest Cryptocurrency with Aggressive Price Action

BTC logoBitcoin has long been touted as the most volatile crypto to invest in, given its ‘first-mover’ status within the market. Traders worldwide still opt to invest in Bitcoin regularly, as the coin continues to exhibit aggressive price action that offers an abundance of opportunities.

Since BTC has an array of use cases and is accepted by merchants worldwide, demand for the coin remains high year-round. This tends to impact price positively – especially when macroeconomic factors allow for bullish momentum.

Bitcoin trading

A look at the BTC/USD price chart will show that it’s not uncommon for the price to swing by 10% or more daily, providing opportunities for traders who are comfortable going long or short. Finally, although Bitcoin’s price has taken a hit in 2022, many analysts believe this is the ideal time to buy Bitcoin at a discount.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

Litecoin (LTC) – Bitcoin Alternative with Volatile Price Movements

LTC logoLitecoin was one of the first altcoins to launch as an alternative to Bitcoin, using a very similar structure that allows people to make decentralized payments. Although Litecoin is much faster than Bitcoin in terms of transaction speed, the coin has become ‘outdated’ in recent years, as new projects have sprung up offering even better services.

However, LTC remains one of the top 25 largest cryptos in the world and regularly handles over $500,000 in daily trading volume, according to CoinMarketCap. This provides a solid foundation for volatility, as seen in the LTC/USD price chart.

Litecoin crypto

A prime example is in July 2022, when the price of Litecoin surged over 23% in less than three days. Price then dropped by 11% in the following four days – meaning LTC is a viable asset for those seeking the most volatile crypto to invest in.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

Stellar (XLM) – Most Volatile Crypto to Invest in with Passive Income Potential

XLM logoMany analysts believe Stellar is one of the most undervalued cryptos on the market, as this payment protocol allows people to send money worldwide with low fees. What’s more, the Stellar Network can process transactions in just five seconds and for a cost that equates to a fraction of a penny – far more efficient than the SWIFT network.

Due to Stellar’s valuable use case, the project has partnered with various leading companies, such as IBM and MoneyGram. These partnerships have added a considerable degree of credibility to Stellar and XLM, allowing the project to expand internationally.

Stellar crypto

Stellar also offers opportunities for those interested in yield farming crypto, as the ‘Ultra Stellar’ feature provides an annual percentage yield (APY) of 5% per year on XLM deposits. Given the ongoing macroeconomic issues at the time of writing, the XLM price has also become highly volatile – making it a suitable option for day traders and scalpers.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

Ethereum (ETH) – Top Crypto Project with Upcoming Price Volatility

ETH logoEthereum has become one of the fastest-growing cryptocurrency projects over the past few years, driven by the vast popularity of non-fungible tokens (NFTs). Since the Ethereum network offers a way for users to mint NFTs and construct dApps, the demand for ETH has shot up.

Although ETH may not be the most volatile cryptocurrency daily, since the coin has a market cap of over $200 billion, it still presents numerous opportunities for traders. Moreover, ETH is also ideal for those interested in crypto staking due to the network’s upcoming transition to a Proof-of-Stake (PoS) protocol.

Ethereum trading

This transition, dubbed ‘The Merge’, is one of the most anticipated events in the crypto market’s history. Given this event’s scale, ETH’s price will likely become volatile in the days before it occurs, making it a viable option for day traders.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

Shiba Inu (SHIB) – One of the Most Volatile Cryptocurrencies with Enormous Community Backing

SHIB token logoThose looking for the best crypto to trade in the ‘meme coin’ niche may wish to consider Shiba Inu. As most investors will know, Shiba Inu looked to capitalize on the massive success of Dogecoin – and did so exceedingly well.

The SHIB price soared over 1,200% in October 2021, which helped push the token into the mainstream. This remarkable price action also helped Shiba Inu generate huge community backing, and the project still has over 3.4 million followers on its official Twitter account.

Shiba Inu token

Due to Shiba Inu’s low price, which is only $0.000011 at the time of writing, any small movements can result in outsized returns for investors. Given that it’s not uncommon for SHIB to move over 15% in a single day, this token is undoubtedly a frontrunner for the most volatile cryptocurrency in 2023.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

ApeCoin (APE) – New ‘Meme Coin’ with Unpredictable Price Action

ApeCoin logoApeCoin is a viable option for those seeking the best beginner cryptocurrency to invest in, as it is both accessible and displays high volatility. As the name implies, ApeCoin is closely linked to the Bored Ape Yacht Club (BAYC) NFT collection, which gained cult-like status in 2021.

Many celebrity NFT owners opted to buy BAYC NFTs, which made them extremely valuable. Once ApeCoin was released, this popularity transferred to the coin, causing the price to surge over 270% in just over a month.

ApeCoin crypto

Price has dropped significantly from April 2022’s all-time highs, although APE remains volatile due to the regular updates surrounding its use cases.

Recently, APE was announced to be the native token of ‘The Otherside’, which looks likely to be one of the best metaverse apps on the market – providing a compelling reason for the demand for the token to remain high.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

Decentraland (MANA) – The Most Volatile Crypto to Trade in the Metaverse Sector

MANA logoConcluding our list of the most unstable crypto projects is Decentraland. Decentraland is a metaverse project offering a 3D virtual world where users can create avatars and construct in-world structures. These structures are formed as NFTs, meaning users can trade them on Decentraland’s marketplace.

MANA is Decentraland’s native token used to pay for in-game items. As one of the best metaverse coins, MANA is also used by investors to gain exposure to the growth of the Decentraland project – which has been exponential in the past few years.

Decentraland crypto

The MANA price has been particularly volatile in recent months, as it struggles below the $1 region. However, a McKinsey & Company report recently noted that the metaverse sector could reach a $5 trillion valuation by 2030, meaning traders will likely continue gravitating towards Decentraland over the longer term.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

How to Find the Most Volatile Cryptocurrencies

The ten most volatile cryptos discussed above can offer great opportunities for traders due to their aggressive price action. However, which factors should be considered when attempting to identify these cryptos? To answer this question, let’s take a look at five tactics to keep in mind when conducting research:

Review the Price Chart

Arguably the best way to find the most volatile cryptocurrencies is to review the price chart of altcoins and DeFi tokens. The price chart is a vital resource when looking to identify volatile assets, as a quick glance will highlight whether a coin is viable or not.

LBLOCK Lbank listing

The image above showcases the price chart for Lucky Block after the token was listed on PancakeSwap in early 2022. The volatility here is evident, as investors worldwide clamored to get their hands on the token – which provided the demand needed for a sustained upwards push. 

Use Social Media

Cryptocurrency has become an appealing prospect to retail traders, which is why social media channels like Reddit and Twitter are full of discussions related to digital currencies. Many of the best Twitter crypto projects have gone on to display colossal volatility due to their popular appeal.

Investors can also find volatile coins by listening to the best crypto YouTube channels, as videos tend to be well-researched and provide unbiased reporting of popular tokens. 

Keep Tabs on New Exchange Listings

The best IEO crypto projects are highly volatile since they do not have prior support or resistance levels for price to gravitate towards. As such, when a new coin is listed on an exchange, there’s no telling whether the price will go up or down.

Although this unpredictable price action can be challenging to navigate, it can also provide appealing trading opportunities. ApeCoin and Lucky Block are examples of this, as the price of both coins rocketed after their initial exchange listing.

Identify Upcoming ICOs

In a similar vein to initial exchange offerings (IEOs) are initial coin offerings (ICOs), although they differ in one significant way. Instead of offering coins through an exchange, ICOs offer coins directly to investors with no intermediary.

Upcoming ICO calendar

The best ICO cryptos will be KYC-verified and audited by a respected security firm, providing confidence to investors. Those looking to identify upcoming ICOs can do so through CoinMarketCap’s ICO calendar – as many of these projects will become volatile in the future.

Watch Out for Major News Events

Finally, traders can also monitor the price charts in the hours surrounding major news events (e.g. interest rate increases), as these events tend to impact prices dramatically. Again, there’s often no telling how the market will react around specific circumstances, so it’s best to use wide stop losses when trading the news.

When Are Cryptos the Most Volatile?

Those looking to buy cryptocurrencies to gain exposure to price volatility must also ensure they understand the best time to place trades. Firstly, it’s important to remember that the cryptocurrency market is open 24/7. This means that there is no ‘opening bell’ for crypto, which tends to be a volatile moment for stocks.

However, many studies have shown that crypto trading volume and volatility tend to spike during the first few hours of the ‘traditional’ market opening. This period occurs between 9.30 am and 11.30 am, which is when equity traders are the most active.

Volatile cryptocurrencies

Cryptos are also the most volatile during significant news events, such as rate announcements or data releases. Although the information presented often isn’t directly applicable to crypto, it has a contagion effect since digital currencies may become more or less appealing as a result – leading to price volatility.  

Are Volatile Cryptos a Good Investment?

Many of the best altcoins display high volatility, which is natural considering how ‘new’ the cryptocurrency market is relative to traditional asset classes. There are many reasons why the most volatile crypto to invest in may be appealing to traders, with four of the main ones detailed below:

Huge Returns Potential

One of the main reasons that volatile cryptocurrencies may represent a good investment opportunity is that they offer huge returns potential to those with high risk tolerance. Volatility is essentially what causes the price to move up or down rapidly, which can be lucrative if traded effectively.

Many of the best emerging cryptocurrencies, such as Battle Infinity and Tamadoge, look primed for volatility once their presales end and the tokens are listed on major exchanges. Since many newly listed coins see immediate price increases, these two projects have become hotly anticipated in the market.

Ideal for Day Traders

A knock-on effect of volatile crypto price potential is that it is an appealing prospect for day traders. Many of the hottest cryptocurrency projects offer daily volatility, which is ideal for active traders.

BTC trading

Some volatile cryptos are even appropriate for traders who employ a scalping strategy. Since scalping involves opening and closing trades in a matter of minutes, using this strategy in the crypto market can be challenging – yet it can also be fruitful if done correctly. 

Appealing Alternative to Traditional Asset Classes

Finally, volatile cryptocurrencies may also be an appealing prospect to investors who typically focus on bonds, stocks, or currencies. These three asset classes tend to be less volatile than crypto, resulting in lower returns.

Since the cryptocurrency market is inherently volatile, investors with a higher risk appetite may gravitate towards digital currencies to boost their portfolio’s returns. Given that volatile cryptos are now easily accessible on most of the best crypto exchanges, it’s a straightforward process for investors in ‘traditional’ asset classes to create an account and begin trading right away.

Most Volatile Crypto to Buy – Conclusion

In summary, this guide has presented a detailed overview of the best crypto to invest in, presenting a selection of highly-liquid coins that are ideal for risk-seeking investors.

What's the Best Crypto to Buy Now?

  • B2C Listed the Top Rated Cryptocurrencies for 2023
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