Cryptocurrencies are often seen as risky investments due to their high price volatility. However, this same risk can be turned into profit if you know what trades work best for you.
With every dip or rally, there’s an opportunity for traders who understand how these markets move. So, no matter where your favorite currency goes on any given day – you’ll always have something worthwhile investing money into.
It is on this basis that we have come up with this article on the most volatile cryptocurrency to buy in 2023.
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Virtual currencies are highly volatile. Your capital is at risk
The 10 Most Volatile Cryptocurrencies to Buy in 2023
If you are looking for the next cryptocurrency to rally in 2023, any of the cryptocurrencies in the list below can give you results. They have volatility, making them perfect for day and swing traders.
- Sandbox (SAND) – Top P2E cryptocurrency with volatile price action.
- Terra Classic (LUNC) – Highly volatile L1 blockchain with a passionate community.
- Dogecoin (DOGE) – Number one meme coin that also has a highly volatile price action.
- Shiba Inu (SHIB) – Volatile meme coin with improving fundamentals
- Litecoin (LTC) – Payment cryptocurrencies with volatile price action.
- ApeCoin (APE) – Top NFTs cryptocurrency with extreme price action
- Stellar (XLM) – A highly volatile cryptocurrency that can give you a passive income
- Decentraland (MANA) – Highly volatile Metaverse cryptocurrency perfect for day traders.
- Ethereum (ETH) – Top smart contracts cryptocurrencies with growing volatility
- Bitcoin (BTC) – Number one cryptocurrency by market cap and highly volatile
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Virtual currencies are highly volatile. Your capital is at risk
An In-Depth Look at the Top Volatile Cryptocurrencies to buy in 2023
When trading volatile coins in the cryptocurrency market, it is essential to understand that risks are involved. These cryptos tend to see greater price fluctuations daily than more stablecoins, which can sometimes be challenging to manage.
However, this also presents many opportunities to make money trading crypto for those willing to take the risk. Whether through day trading or holding for the long term, these highly volatile cryptos can generate significant profits if approached with caution and an understanding of the unique risks involved. For those with a higher risk tolerance level, volatile trading crypto is undoubtedly one of the best ways to make money in this exciting new space.
Without further ado, let’s now take an in-depth look at the top most volatile cryptocurrencies to buy in 2023.
1. Sandbox (SAND) – Top P2E cryptocurrency with volatile price action.
From its past price action, Sandbox easily makes it one of the most volatile cryptocurrencies to buy in 2023.
The Sandbox is a revolutionary play-to-earn ecosystem that has fundamentally changed the way users interact with digital content and gaming experiences. Designed as a metaverse and mobile gaming platform, The Sandbox allows users to not only create and share their own digital assets, such as 3D models and characters but also to monetize these creations through microtransactions.
Because it operates on the Ethereum blockchain, The Sandbox offers users total control over their in-world assets, an aspect that could change gaming forever. With its innovative features and community-driven approach, The Sandbox represents a new era of gaming where the rights of creators are paramount.
Besides its potential to completely change the multi-billion-dollar gaming industry, SAND is also highly volatile, especially when it has big news around it. So far, Sandbox has bagged multiple partnerships, with more of them expected in the future, its not hard to see why SAND stands as one of the most volatile cryptocurrencies to invest in 2023.
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Virtual currencies are highly volatile. Your capital is at risk
2. Terra Classic (LUNC) – Highly volatile L1 blockchain with a passionate community.
Luna Classic went live on May 28, marking the community’s decision to distance itself from the new chain that Do Kwon, the Terra founder, launched. Following the official launch of Luna Classic, the community has focused on token burns to help reduce the massive number of tokens created when UST collapsed.
Several exchanges have already announced that they will carry out transactions-based coin burns to decrease the amount of Lunas in circulation further. As such, Luna Classic is set to become an increasingly important force within the Terra ecosystem in the future.
Terra Classic has been one of the most volatile cryptocurrencies in the market so far. It also easily stands as the most volatile cryptocurrency to buy in 2023. That’s because of the ongoing token burns likely to draw in speculative traders going into 2023. This coupled with the fact that the Terra Classic is large and active on all major social media platforms, sets the perfect stage for a volatile cryptocurrency to invest in or trade.
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3. Dogecoin (DOGE) – Number one meme coin that also has a highly volatile price action.
Dogecoin is one of the top meme coins in the market today. This also means it is a natural inclusion in the list of the most volatile cryptocurrencies to buy in 2023.
When Dogecoin first launched in 2013, few people thought of it as anything more than a joke. With its silly name, wacky logo, and enthusiastic community, the “meme coin” quickly became a favorite among cryptocurrency enthusiasts. Still, most people dismissed it as a novelty currency with little real value.
However, over time, this perception began to change. Despite humble beginnings and its lighthearted reputation, Dogecoin steadily grew in popularity and market cap, eventually becoming one of the ten biggest cryptocurrencies by the beginning of 2021. Dogecoin has since earned its place as one of the most powerful cryptocurrencies around today.
With its community on a growth trajectory and growing adoption, the odds are that Dogecoin will be among the most volatile cryptocurrency to buy in 2023. You will also be happy to know that Dogecoin is listed on all major exchanges. As such, if you want to buy Dogecoin, it should not be much of a hustle.
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Virtual currencies are highly volatile. Your capital is at risk
4. Shiba Inu (SHIB) – Volatile meme coin with improving fundamentals
Shiba Inu is one coin worth considering for those looking to trade in the exciting and rapidly-growing crypto space. Known as a “meme coin” due to its heavy focus on internet memes and pop culture trends, Shiba Inu managed to capitalize on the success of other popular cryptos like Dogecoin, quickly becoming one of the most talked about coins in crypto circles.
The SHIB price soared by over 40,000,000% in November 2022, pushing it into the mainstream and drawing huge community support. With over 3.4 million followers still actively engaging with this project on social media, it’s clear that Shiba Inu continues to be a top contender in today’s competitive crypto landscape. If you’re looking for the best cryptocurrency to trade in the meme coin niche, put Shiba Inu firmly at the top of your list.
The excitement around meme coins also makes Shiba Inu one of the top volatile cryptocurrencies to buy in 2023. It has already proven itself on this front, as price moves of 25% or more are common with Shiba Inu.
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Virtual currencies are highly volatile. Your capital is at risk
5. Litecoin (LTC) – Payment cryptocurrencies with volatile price action.
Litecoin was one of the earliest cryptocurrencies and enjoyed immense popularity in its early years. Built on a similar underlying structure as Bitcoin, Litecoin offered all of the same benefits: low fees, decentralized payments, and a high degree of security. However, in recent years, Litecoin has fallen out of favor with many crypto users.
With other projects offering better services and faster transaction speeds, many have questioned whether Litecoin is still relevant in today’s crypto landscape. Some claim it has become obsolete and failed to keep pace with newer, more innovative cryptocurrencies.
Nevertheless, despite all its shortcomings, Litecoin remains a stable asset that many believe could one day regain its former glory. After all, this coin was created by an expert coder who continues to work tirelessly on innovations for the network. So, while there may be more exciting alternatives out there right now, history suggests that Litecoin will continue to entice innovators and respond to demand over time. And that could mean big things for its future growth potential.
Litecoin’s price potential is most evident in its price action. Depending on the rest of the market, Litecoin is known to move by double digits in a matter of hours.
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Virtual currencies are highly volatile. Your capital is at risk
6. ApeCoin (APE) – Top NFTs cryptocurrency with extreme price action
If you’re looking for a beginner-friendly cryptocurrency with high volatility, then ApeCoin is a perfect choice. As the name implies, ApeCoin is associated with the Bored Ape Yacht Club (BAYC) NFT collection, which shot to popularity towards the end of 2021.
Thanks to its close association with BAYC, ApeCoin offers opportunities for growth and profit since it’s based on asset price appreciation. In addition, because of its low barrier to entry, ApeCoin is also an excellent option for novice investors looking for their first taste of the cryptocurrency market.
The recent announcement of APE as the native token of The Otherside Metaverse has generated a lot of buzz among crypto enthusiasts and investors alike. That’s because Otherside is anticipated to become one of the most popular metaverse applications on the market, promising to offer users an immersive online experience, unlike anything they’ve seen before.
With its state-of-the-art 3D interface and well-developed content ecosystem, The Otherside will likely attract millions of users from across the globe going into the future. And given that APE is being used as the sole currency within the platform, demand for this token will likely remain high well into the future.
Whether you’re seeking fast gains through highly volatile, or long-term stability, ApeCoin is a worthwhile cryptocurrency to buy in 2023.
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Virtual currencies are highly volatile. Your capital is at risk
7. Stellar (XLM) – A highly volatile cryptocurrency that can give you a passive income
There is no doubt that Stellar is one of the most undervalued cryptocurrencies to buy today. Not only does this payment protocol offer a versatile platform for fast, low-cost money transfers worldwide, but its underlying network also boasts some impressive features.
For example, transactions on the Stellar Network can be processed in just five seconds faster than traditional payment networks like SWIFT. Moreover, these transactions are highly affordable as well; they typically cost just a fraction of a penny per transfer. With all of these benefits and its huge potential for growth, it is clear that Stellar is poised to make a significant impact on the cryptocurrency world in the years to come.
Stellar has always been a forward-thinking project, and its many successful partnerships have helped to cement its status as a leading player on the blockchain landscape. These prominent collaborations give Stellar an impressive degree of credibility, allowing it to expand internationally easily.
Some of Stellar’s key partners include IBM and MoneyGram, both of which are industry heavyweights in their own right. Through these strategic alliances, Stellar can deliver real-world solutions that have far-reaching implications for future financial transactions worldwide. Thus, it is clear that Stellar’s key use case – facilitating fast and low-cost cross-border payments – coupled with its trusted brand make it a high-potential cryptocurrency that continues to set new standards for the crypto space.
It is also noteworthy that Stellar is one of the cryptocurrencies that allow investors to earn a passive income. Through the Ultra Stellar functionality, investors can earn passively at rates that are way above normal bank rates.
These strong fundamentals aside, Stellar’s price action is in tandem with the rest of the crypto market. Price swings of 10% or more are common, making Stellar a top volatile cryptocurrency to buy in 2023.
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Virtual currencies are highly volatile. Your capital is at risk
8. Decentraland (MANA) – Highly volatile Metaverse cryptocurrency perfect for day traders.
Next on our list of the most volatile cryptocurrency to buy in 2023 is Decentraland. Decentraland is a cutting-edge project that aims to pioneer the development of truly immersive virtual worlds. These worlds are built on Decentraland’s virtual real estate platform, which allows users to create 3D structures known as NFTs. These structures can take many forms, including houses, arenas, and office buildings, and users are free to form their NFTs however they choose.
Once users have created their NFTs, they can place them in Decentraland’s virtual universe for others to visit. In addition, these NFTs can be sold on the Decentraland marketplace for Ethereum or any other cryptocurrency. This unique combination of experiences makes Decentraland a unique platform that is sure to change the way we think about virtual worlds. These fundamentals also make MANA, Decentraland’s native token, one of the most volatile Metaverse cryptocurrencies to buy in 2023.
MANA is one of the most essential metaverse coins on the market today. Not only is it used extensively within Decentraland, the leading decentralized virtual world, but it is also a popular investment asset among crypto enthusiasts. Thanks to the explosive growth of Decentraland since its launch, MANA has seen tremendous gains over time and has established itself as one of the top assets in the burgeoning VR industry.
With several exciting developments in the pipeline for Decentraland, including new content and improved functionality, there is no doubt that MANA will continue to thrive long into the future due to its unique status as both an in-game asset and a decentralized investment opportunity. By extension, this means volatility will increase as well.
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Virtual currencies are highly volatile. Your capital is at risk
9. Ethereum (ETH) – Top smart contracts cryptocurrencies with growing volatility
Ethereum is one of the best-known cryptocurrencies in the market today, driven by a growing demand for non-fungible tokens (NFTs) and decentralized apps (dApps) on the Ethereum blockchain. This surge in popularity is mainly due to the unique features of NFTs and the potential that dApps offer to solve real-world problems.
With its 24/7 uptime and innovative smart contract functionality, Ethereum offers a platform superior to most other blockchain projects. As more users continue to flock to Ethereum, it is clear that this cryptocurrency will see a lot more activity in 2023.
Despite its relatively low daily volatility when compared to the smaller altcoin, there are still many opportunities for traders thanks to its high liquidity and large trading volume. It makes for one of the best volatile cryptocurrencies to buy in 2023 for traders who also believe in crypto fundamentals.
Moreover, ETH is a perfect choice for investors seeking a passive income in cryptocurrency through staking. PoS allows users who directly hold tokens on the network to earn rewards based on their stakes. This model presents new opportunities for traders and those looking to maximize their investments in ETH by opting into the staking ecosystem. So, if you’re looking to invest in volatile cryptocurrency in 2023 that also gives you the chance to earn passively, Ethereum is a good choice.
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Virtual currencies are highly volatile. Your capital is at risk
10. Bitcoin (BTC) – Number one cryptocurrency by market cap and highly volatile
Bitcoin has undoubtedly been one of the most popular coins among traders over the past decade. Not only is it considered the original crypto, but it also continues to exhibit aggressive price action that offers abundant opportunities for investors. Though many cryptocurrencies have emerged, Bitcoin remains a primary choice for those looking to invest in cryptocurrency.
Given its volatility, Bitcoin has attracted countless traders from all around the world. From beginners just starting with their first investments to experienced day traders and institutional investors alike, this coin has no shortage of interest. Over time, however, its incredibly high market cap means that large price fluctuations are relatively normal and expected.
Nevertheless, despite its seemingly riskier status compared to other cryptos, many investors still consider Bitcoin to be a solid long-term investment opportunity. The potential ROI that can be gleaned from even moderate spikes in price can be significant, not to mention its minimal transaction costs when compared with traditional currencies like USD and EUR. Overall, as long as volatility continues to be associated with Bitcoin, there will always be eager traders opting to invest in this digital currency.
Bitcoin’s volatility is easily evident in its daily price movements, where price rallies or dips of up to 10% are pretty normal. After experiencing massive dips throughout 2022, many analysts are of the opinion that now could be an excellent time to buy BTC. That’s because it could experience a lot of upside price volatility in 2023.
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Virtual currencies are highly volatile. Your capital is at risk
How to identify the most volatile cryptocurrencies to buy in 2023
All 10 coins discussed in this list are excellent for anyone looking for volatile cryptocurrencies to buy in 2023. But, you are probably wondering, what criteria were used to identify these high-potential cryptocurrencies, and can they be used to identify others in the future?
To help you in choosing the top volatile cryptocurrencies to invest in, here are 4 proven methods that were used and that you can use to choose other volatile cryptocurrencies to buy.
Leverage the power of social media
As cryptocurrency adoption grows, discussions around the latest on cryptocurrencies have grown on social media. This is evident from the numerous discussions about digital currencies on Reddit and Twitter. In particular, many of the most volatile cryptocurrency tokens have gained attention from investors on these platforms due to their high popularity.
But investors looking for volatile coins don’t just have to rely on social media; several excellent crypto YouTube channels can help them to stay informed about the latest trends and developments in this rapidly changing field. These channels often provide in-depth analysis of popular cryptocurrencies, fully analyzing all aspects of their performance and potential before making any recommendations.
Ultimately, with so much valuable online information, the best crypto YouTube channels offer an indispensable resource for anyone interested in finding the best volatile cryptocurrencies to buy in 2023.
Use the price chart to gauge volatility.
When finding the most volatile cryptocurrencies, there is no better resource than a price chart. The price chart helps you instantly gauge any coin’s volatility, as it shows you a clear picture of how the price has changed over time. By reviewing such data, you can quickly detect whether an asset will likely experience sudden spikes or precipitous dips in value.
New altcoins are among the best to gauge volatility using price charts. Since these coins are typically less established, they tend to be far more volatile than other crypto assets. Thus, by analyzing their price movements over time and comparing them to those of other coins, you can easily identify which ones are most likely to experience large swings in value.
Whether you’re looking for short-term trading opportunities or long-term investments, looking at a price chart is an excellent way to find the most volatile cryptocurrencies to buy in 2023.
For context, a look at the Shiba Inu chart above can give you an idea of how volatile it has been since it launched in 2020. It has experienced high volatility, and that’s a good indicator of the future.
Watch out for exchange listings (IEOs)
IEO cryptocurrencies are among the most volatile thanks to their lack of relatable support or resistance levels. Since these new coins do not have any established patterns that can be used to predict price movements, they are much more susceptible to fluctuations in the market. While this level of unpredictability can be a problem for inexperienced cryptocurrency traders, it also has its benefits.
Indeed, the inherent volatility of IEOs can create compelling trading opportunities that savvy investors can take advantage of. Whether the price increases or decreases, there is always the potential for quick profits in this fast-paced market.
So, if you’re looking for exciting opportunities by buying highly volatile cryptocurrencies in 2023, adding IEOs to your portfolio can be a good start.
Be keen on cryptocurrency news
Another fantastic way to find the most volatile cryptocurrency to buy in 2023 is to keep an eye on the news. Cryptocurrency traders are well aware of the impact that major news events can have on the market. As these events tend to stir up excitement and volatility, traders must watch the prices around big news.
For this reason, it is usually best to use significant stop losses when trading the news, as the volatility can lead to wild price swings. Essentially, staying informed and keeping a close eye on price charts is one of the best ways to identify and trade the most volatile cryptocurrencies.
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Virtual currencies are highly volatile. Your capital is at risk
What Time are Cryptocurrencies Most Volatile?
The cryptocurrency market is a 24-hour market, and you can trade anytime. However, research shows that activity is most pronounced during the first few hours of the established stock market opening each morning, usually between 9.30 am and 11.30 am.
This period corresponds with when equity traders are at their most active, making it a critical time for both buying and selling activities in traditional markets and correlating heavily with cryptocurrency trading trends.
So, if you’re looking to gain exposure to price volatility in cryptocurrencies, knowing the right moment to trade can help you maximize your profits while minimizing any potential losses.
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Virtual currencies are highly volatile. Your capital is at risk
Is it Wise to Invest in Volatile Cryptocurrencies?
The cryptocurrency market is still quite young, so the best cryptocurrencies tend to be highly volatile. This is not surprising, considering that coin prices are primarily driven by speculation from individual investors and institutional traders. This high volatility also makes altcoins extremely attractive investment opportunities, as they can potentially generate huge returns in a very short period.
If you are still unsure whether to invest in volatile cryptocurrencies, here are a few reasons you should consider them.
Perfect for those who make a living day trading
The rise of cryptocurrency has given new life to day trading. With volatile price swings and a growing number of exciting projects on the market, it is an ideal time for active traders looking to capitalize on short-term price movements. For such traders, volatile cryptocurrencies are a viable alternative to low-volatile conventional assets such as stocks.
Potential for high ROI
Many people think of risk and uncertainty when it comes to volatile investments such as cryptocurrencies. However, in reality, these types of markets can sometimes give parabolic returns if you are tolerant enough of the risks involved.
Additionally, volatility creates added excitement for investors who love watching their assets change in value daily and enjoy the opportunity to take smart risks.
Overall, this makes volatile cryptocurrencies a potentially promising investment opportunity for those with the knowledge and skills needed to navigate this exciting but challenging space. Many of the top new cryptocurrencies today such as Terra Classic and Shiba Inu have such potential making them among the best volatile cryptos to buy in 2023.
Most Volatile Cryptocurrency to Buy in 2023 – Conclusion
In this article, you have learned all about cryptocurrency volatility. Most importantly, you know the 10 most volatile cryptocurrencies to buy in 2023.
We believe Terra Classic (LUNC) and Sandbox (SAND) are the best to buy for anyone looking for volatile cryptocurrencies to invest in 2023. The two have active communities that drive FOMO, and they also have potentially big news around them.
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Virtual currencies are highly volatile. Your capital is at risk
FAQs
What time is best to trade in volatile cryptocurrencies?
The best time to trade the most volatile cryptocurrency is when big news is coming up. In the absence of big news, it is best to trade just ahead of the opening of major markets such as the U.S stock markets.
Is it wise to invest in volatile cryptocurrencies?
While they come with a higher degree of risk, volatile cryptocurrencies tend to have the potential for higher ROI. For those who can shoulder the risk, volatile cryptocurrencies are worth the risk.
How do you identify volatile cryptocurrencies?
There are many ways to identify volatile cryptocurrencies, but the best ones are looking at historical charts and using crypto social media.
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Virtual currencies are highly volatile. Your capital is at risk