10 Most Volatile Cryptos To Buy In 2023

Last Updated October 5th 2022
15 Min Read

Cryptocurrencies were the most profitable investment in the last decade. But tucked on the underside of this highly lucrative new asset class is untamed volatility. Throughout this period, the crypto market suffered multiple crashes that saw some coins lose more than 90% of their peak prices.

But we must start by observing that volatility isn't always bad. If expertly exploited, it can help make a killing during periods of most volatility as well as during market recovery.

In this post, we will tell you about the 10 most volatile cryptos to buy in 2023 – whose price action can be exploited to make the most out of the industry. These make it possible for anyone to make money trading their price action, shorting their price drop, and HODLing as you wait for their rebound.

Read on to discover the best volatile cryptos to invest in, how to identify them, and where to buy them.

The 10 Most Volatile Cryptos To Invest In Today

Here is an outline of the most volatile cryptos to buy today alongside their most outstanding feature.

  • Bitcoin (BTC) -  Overall Most Volatile Cryptocurrency To Buy
  • Shiba Inu (SHIB) -  Most Volatile Meme Coin To Trade
  • Solana (SOL) -  Highly Volatile Altcoin With Promising Future
  • Ethereum (ETH) -  Most Volatile Altcoin To Buy And Hold
  • Binance Coin (BNB) -  Volatile Large Cap Cryptocurrency With Own Exchange
  • Ripple (XRP) -  Highly Volatile Cheap Crypto To Trade
  • Avalanche (AVAX) -  Highly Volatile Crypto With Solid Fundamentals
  • Uniswap (UNI) -  Massively Volatile Passive Income Generating Crypto
  • Dogecoin (DOGE) -  Volatile Crypto With A Large Community Backing
  • Bitcoin Cash (BCH) -  Most Volatile Bitcoin Alternative To Trade

 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

In the next section, we discuss these digital assets in detail and tell you everything you need to know about the best volatile crypto assets to buy right now. We will also tell you why they are worth investing in and how you can leverage their volatility to grow your portfolio.

A Closer Look at the Most Volatile Cryptocurrencies Today

There currently are 20000+ crypto assets, and the majority are considered fairly volatile. Our analysts considered several key critical factors when sorting this and identifying the 10 most volatile cryptos to invest in today. These include the digital asset's ability to rebound, its relevance and that of its underlying blockchain technology, as well as its most realistic expected future price action.

Read on to learn more about the most volatile cryptocurrencies worth buying right now.

1. Bitcoin (BTC) – Overall Most Volatile Cryptocurrency To Buy

Bitcoin is the most valuable digital asset and one of the most volatile cryptos to invest in today. In the more than 10 years that it has been around, it has maintained an overall uptrending but massively volatile price action. It, for instance, is not uncommon to have BTC prices drop by more than 80% in times of deep market corrections. And at the time of writing, Bitcoin was trading more than 70% below the all-time high set in November 2021.

We consider it the best of the most volatile cryptos to buy in 2023 because it always rebounds and rallies to new highs. This ability to rebound fast was witnessed in 2013 and repeated during 2017 and 2021 crypto market bull runs. We also feature it here because it respects technical analysis most of the time, making it easier to trade.

Among the things you can do with Bitcoin is trading its volatile price action as a day trader, short-term trend trader, or swing trader. You could also short its down-trending price action during bear markets. And lastly, you can simply buy the dip and HODL – waiting for its eventual recovery.

When the rebound takes place and BTC recaptures its 2021 highs, you will have grown your investment by more than 300%. And if it rallies to $1 million as forecasted by a host of experts, you will have grown your investment by more than 5000%.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Shiba Inu (SHIB) – Most Volatile Meme Coin to Trade

Shiba Inu's erratic and unpredictable price action has earned it the tag of one of the most volatile cryptos to buy in 2023. It, for instance, isn't uncommon for the 14th most valuable digital asset and one of the most popular meme coins to crash within a few hours or post unimaginable gains in a few days. And this was especially witnessed during the early 2021 crypto market rally when the joke currency rallied a million-fold in three short months.

SHIB is particularly volatile during market dips and recovery. This makes today the best time to start investing in the meme coin because the market is still undecided on when to enter recovery mode. This explains the high fluctuations and trade volumes – up to $200 Million per day – being recorded by SHIB at the moment.

These fluctuations make it perfect for active trading, while the many in-network developments taking place in the Shiba Inu ecosystem make it a good long-term investment.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Solana (SOL) – Highly Volatile Altcoin with Promising Future

Solana also ranks highly on our list of the most volatile cryptos to buy in 2023. Even though it has sustained an overall uptrend since its launch, its journey here has been marred with bouts of massively volatile price fluctuations. At the time of writing, for instance, the Ethereum competitor is selling 88% below its late 2021 highs.

These volatile price actions could be attributed to two key factors. First and the most obvious is the unpredictable and volatile price action of the larger crypto market. And if you observe Solana's price action, you will notice the respect it has for the prevailing market direction – rallying when the market gains and crashing when it dips.

It could also be attributed to the developments and other events taking place in the Solana ecosystem. Positive developments like partnerships with other brands and integration of a popular emerging crypto technology almost always result in a spike in SOL token prices. On the other hand, negative news like hacks or downtime of DeFi and dApps hosted on the Solana network has an adverse effect on SOL's performance.

What then makes it a volatile crypto asset worth buying? Among the most important features has to be its resilience – its ability to always bounce back and quickly rally to new heights. Secondly, Solana runs a vibrant and highly relevant ecosystem with a hugely promising future.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

4. Ethereum (ETH) – Most Volatile Altcoin to Buy and Hold

Ethereum is the second most valuable cryptocurrency and one of the most popular digital assets. Like most of the coins on our index of the most volatile cryptos to invest in 2023, it, too, has sustained an overall uptrending price action. Additionally, it has consistently fallen victim to its own and external factors that often result in highly volatile price action for ETH tokens.

At the time of writing, for instance, ETH is trading more than 70% below the current all-time-high set in November 2021. But this isn't the only time ETH has had its prices crash this dip below its previous peak price. This phenomenon happened during the 2018-2020 crypto winter and in the mid-2021 crypto market crash. We might even observe that it is not at all unlikely to see the ETH token crash and lose as much as 10% of its value in a few hours or days.

But in an unmatched show of resilience, Ethereum has always recovered from even the most volatile dips and raced to set a new all-time high. At the moment, for instance, the majority in the crypto community eagerly wait for the altcoin to cash in its most recent development – The Merge – by rallying to unprecedented highs immediately the market recovery kicks in.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

5. Binance Coin (BNB) – Volatile Large Cap Cryptocurrency with Own Exchange

The Binance Coin (BNB) is the utility token for the largest centralized exchange – Binance – and the native coin for one of the fastest-growing blockchain ecosystems – the Binance Smart Chain. It makes it to our list of the most volatile cryptos to buy in 2023 because of the many developments taking place on the exchange and ecosystem have a direct impact on BNB's price action. It also makes it here because, like all other cryptocurrencies, it respects the crypto market's direction - falling and rising in line with the market performance.

Over the last nine months, for example, the market has shed more than two-thirds of its market cap. This explains the 60%+ value drop for the BNB coins over the same period.

Why, then, do we rank it among the best and most volatile cryptocurrencies to invest in today? For starters, its volatile price action creates an opportunity for active traders to make a killing while betting on either of BNB's price directions.

We also list BNB here because its resilience and solid fundamentals make it a good long-term investment. Our analysts are confident that BNB will gain 250% to recapture its peak price in the next bull run and rally by as much as 4000% before the turn of the decade.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

6. Ripple (XRP) – Highly Volatile Cheap Crypto to Trade

Three key factors have Ripple rank among the most volatile cryptocurrencies of the decade. First is the ongoing court legal battle with the SEC that has had a great deal of effect on trader sentiments, which have a direct impact on XRP's price action.

The second has to be the overall crypto market performance, especially when you take into account that XRP's price rises when the market rallies and dips when it crashes. We could also add that ongoing developments on the Ripple network, especially the drawing in of more partners, have also affected XRP's price action significantly.

At the time of writing, the 8th most valuable cryptocurrency was trading more than 85% below its all-time high set in January 2018. But over the past few years, Ripple has recorded highly fluctuating price action, especially during periods of aggressive market volatility.

We feature it among the most volatile cryptos worth buying in 2023 because its volatile price action and trade volumes of up to $2 Billion present multiple opportunities for active traders. We also feature it here because of its resilience, hugely promising future, and massive optimism about the outcome of its SEC case. These are all expected to help catapult XRP token prices to unprecedented heights over the next few years.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

7. Avalanche (AVAX) – Highly Volatile Crypto with Solid Fundamentals

Avalanche is one of the most popular Ethereum competitors and appears prominently among the 20 most valuable digital assets today. We feature AVAX among the most volatile cryptos to buy in 2023 because of its erratic and largely unpredictable price action.

At the time of writing, for instance, AVAX tokens are trading close to 90% below their November-2021 all-time high. We also feature it here because it is not uncommon for the smart contract blockchain's value to crash by significant percentages in the shortest period of time. 

Such volatilities, coupled with massive daily trading volumes – in excess of $200 Million – present immense money-making opportunities for day traders. We also believe it to be among the most volatile cryptos to invest in, in 2023 because of its resilience and solid fundamentals.

This implies that, unlike some coins – especially joke currencies - with an uncertain future, Avalanche is expected to survive even the most volatile price action and continue rallying to new heights moving forward.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

8. Uniswap (UNI) – Massively Volatile Passive Income Generating Crypto

Uniswap is the most popular and liquid decentralized exchange around. Like the many other digital assets on this list, Uniswap token prices are erratic and don't always respect technical analysis – making it unappealing to risk-averse traders. At the moment, for instance, the UNI token is trading more than 85% below the current all-time high set in late 2021.

This volatility and relatively high daily trade volumes – averaging $150 Million present multiple money-making opportunities for active traders. Additionally, its liquidity pools present crypto investors with excellent passive income-generating ideas.

Not forgetting that its solid fundamentals, proven resilience, and a recovering crypto market align with the general feeling in the crypto community – that UNI token prices will continue uptrending into the foreseeable future.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

9. Dogecoin (DOGE) – Volatile Crypto with a Large Community Backing

Dogecoin is arguably the most popular meme coin and one of the most valuable of joke currencies. Like all other meme currencies, DOGE derives much of its value from market sentiments, artificial price pumps, as well as hype from celebrity investors and crypto influencers. These have made the 10th most valuable digital currency one of the most volatile cryptocurrencies around.

Its price action can also be said to be significantly shaped by the overall industry performance – dipping when the market crashes and rallying during the market recovery. All these have contributed to Dogecoin's erratic price action, which often sees the meme coin shed a double-digit percentage of its value in a few hours or days.

The upside to such a volatile price action and its high trading volumes, averaging $200 Million daily, is that it makes it appealing to most active traders. And this is one of the primary reasons why we believe Dogecoin to be one of the most volatile cryptos to buy today.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

10. Bitcoin Cash (BCH) – Most Volatile Bitcoin Alternative to Trade

Several factors make Bitcoin Cash – the most formidable Bitcoin alternative today – one of the most volatile cryptos to buy in 2023. For starters, it has one of the most turbulent price actions, and it isn't impossible to have BCH prices rally or crash by double-digit percentages in a short period. Secondly, there is a lot of investor interest in the coin – as evidenced by high daily trading volumes – averaging $200 Million.

These make BCH one of the most preferred crypto assets by active traders. But this isn't the only reason why we feature it among the best and most volatile cryptocurrencies to invest in today.

We also include it here because it has solid fundamentals and has proven its resilience. Therefore, unlike the case of most meme coins, the crypto community is convinced of the altcoin's sustainability and relevance in the cryptoverse. And this is a strong indicator that it will most likely survive the ongoing crypto market meltdown and rally to new heights in the foreseeable future.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Are Volatile Cryptos A Good Investment?

Yes, even the most volatile cryptocurrencies are worth buying in 2023. After all, volatility is one of the cryptocurrencies and the crypto market's distinguishing features. Some of the factors that make the most volatile cryptos worth buying include the fact that they present you with an opportunity for massive value gain. Additionally, fluctuating prices and often deep liquidity and accessibility also make them excellent trading options for active traders.

How To Identify The Most Volatile Cryptocurrencies To Invest In

Going through the list of the most volatile cryptos to invest in today, you probably realize that while all digital assets are volatile, not all are worth buying. So how do you go about identifying the volatile crypto assets that are worth adding to your portfolio?

Here are five key factors to consider when vetting the best volatile cryptos to invest in:

  • Past price action: When checking a coin's price action, you want to determine its resilience. Here, you want to ensure that the dips for your preferred volatile crypto are in the same range as the overall market and that it recovers as soon as the market signals recovery.
  • Promising future: Even when dealing with the most volatile cryptos, it is important that you only engage cryptos with a hugely promising future. This provides some sort of guarantee that the asset will always rebound and rally to new heights.  
  • Fundamentals: Your preferred of the most volatile cryptos to buy in 2023 must also have solid fundamentals. It, for instance, must have the backing of really useful and highly relevant blockchain technology. The volatile crypto must also have real-world use cases.
  • Trading volumes: You will also want to only interact with the most traded of the most volatile cryptocurrencies. Given their highly unpredictable price movements, you will need to only interact with highly liquid cryptos that ease your entry and exit into different positions.
  • Accessibility: It is also important that your preferred, most volatile crypto be readily accessible. In addition to having adequate trading volumes, it should also be easily accessible and listed with all the popular cryptocurrency exchanges.

Conclusion – Most Volatile Cryptocurrencies To Buy Today

Throughout the last decade, cryptocurrencies have proved to be as profitable as they are volatile. And in this guide, we have discussed what we consider the 10 most volatile cryptocurrencies to buy in 2023. These are massively liquid, they are listed with virtually all the most popular crypto exchanges and post decent daily trade volumes. They also have solid fundamentals as well as a hugely promising future that guarantees an uptrend for the token prices.

There are two key ways through which crypto enthusiasts can leverage this volatility. You could choose to trade this volatility and profit from the incremental price gains or drops, or you could buy the dip and HODL, waiting for the altcoin to rally and recapture its all-time high.

Want to start trading or investing in any of the most volatile cryptocurrencies today? Start by registering a crypto trader account with a reputable exchange – like eToro -verify your identity, deposit a minimum of $10, and start buying/trading either of the 10 digital assets we have discussed hereinabove.

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Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs About The Most Volatile Cryptocurrencies To Buy In 2023

Which is the most volatile crypto in 2023?

The crypto industry and digital currencies are, at their core, massively volatile financial instruments. And there is no standard measure of determining which crypto is more volatile, but in this post, we have discussed what we consider the 10 most volatile cryptos to buy today.

 Are volatile cryptocurrencies good investments?

Yes, even the most volatile cryptos are worth buying in 2023 are worth investing in because they present you with multiple ways of making money. These include active trading and long-term HODLing.

Which crypto has the most potential in 2023?

Today, Ethereum is considered the crypto with the most potential – largely because the crypto market feels that it is yet to cash in The Merge upgrade. It, therefore, is expected to rebound fast and possibly rally to new heights over the next few months.

Which crypto will most likely explode before 2023?

No one can accurately tell what cryptocurrency will explode in 2023 or beyond. In this post, however, we have discussed what our analysts consider the 10 most volatile cryptos to invest in in 2023.

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