The volatility of cryptocurrencies is one of the topics of conversation in the industry. Some believe it is the reason cryptocurrencies are not catching on. Since it is a relatively new coin, the industry needs some time to stabilise. Previous digital asset coins like Bitcoin have achieved a certain level of stability.

Here are the most volatile cryptocurrencies.

Is Monero (XMR) one of the most volatile crypto?

Monero is one of the top cryptocurrencies for privacy. Launched in 2014, the coin has earned a reputation for anonymity. It uses unique ring signatures to keep recipient addresses secret. It is also one of the most volatile cryptocurrencies.

In the earlier years, the coin experienced slow price changes. In early 2017, it rose slightly to trade at $12. After that, it reached its peak. In August of the same year, it peaked at $160. At the end of the year, it reached a high of $469.

It then declined during 2018, reaching a low of $49. In 2020, it resumed its upward trend. So far, it has traded around $100. It is currently valued at $92.1.

Privacy Coins have attracted a lot of interest recently. This means that the coin can still experience further price changes.

Why Dash (DASH) is also volatile?

Dash is one of the coins known as bitcoin alternatives. It is all about improving financial transactions. It ensures that banking services reach the poor and unbanked.

Dash (DASH) has seen a lot of volatility in its six years of existence. The early years up to 2016 were generally quiet years for the coin. It was still establishing itself in the crypto market. All that was to change in 2017.

With the boom of 2017, the Coin reached its highest levels ever. It moved from a low of $252.50 to a high of $1550 towards the end of 2017.

The following year saw similar activity, but the Coin declined. It fell from the highs to an all-time low of $56. That was a massive shift by any measurable standard. Then, in 2019, it went back up, with levels around $280. Then, at the start of the new year, it fell to a low of $40.

It is currently trading at $80.089. This is after a mixed market movement, reaching $130 at times and then falling back to $40. The coin still has a long way to go and will most likely see another bull market.

Ethereum (ETH), the second most traded cryptocurrency

Ethereum is the second most valuable cryptocurrency after Bitcoin. The coin has proven to be the best alternative for those who are not satisfied with Bitcoin. It has also proven to be a market leader on several fronts. It has ushered in the age of ICOs and decentralised apps.

The coin's popularity has led to some unusual market moves. Launched in 2015, the currency had a slow first year. Then, at the end of 2016, things started to pick up again.

In 2017, the coin saw some changes. It started the year at a low of $7.76 and reached $700 by the end of the year. This represented a change of more than 9000%. The coin continued the upward trend until the beginning of 2018 and reached a maximum of $ 1300.

The same year was still a testing year for Ethereum. It experienced a sustained decline and traded at $130. It is currently trading at $392 but is not free from volatility. It recently swung from $418 to $302 to $385 in 15 minutes. These extreme price swings are part of the coin.

Litecoin (LTC), the lighting Network 

While Bitcoin is the "digital gold", Litecoin is the "silver". Launched in 2013, the coin remained at a low of $3 for a long time. Only towards the end of the year did it start to rise, reaching $50. The following year, however, it fell again to $10 and at the end of the year even to $1. For two years it fluctuated between $1 and $4.

In 2017, the development team introduced the Lightning Network, which attracted the attention of the crypto world. The price recovered and reached $70 in September. In mid-December, it reached an all-time high of $375. In 2018, the price fell, only to recover by the end of the year.

More recently, the coin experienced another downward trend. It first reached a high of $146.34 in June 2019, after which it went steadily downhill. By the end of the year, it had fallen to just $62.65, a drop of about 55%. That was still after a rise from the early January lows to $30. An increase of more than 375%.

The coin has faced several challenges that have kept it one of the most volatile cryptos. Its halving has not pushed the value up as expected. Recently, it has also had to deal with regulatory issues. There have been concerns about its role in the black market. As a result, financial authorities are looking for more ways to control it.

Bitcoin Cash (BCH) volatility explained

Bitcoin Cash is a fork of Bitcoin. It split off from the leading coin (BTC) to increase the block size. It wanted to improve transaction speed. It created a differentiator from Bitcoin.

Bitcoin Cash has shown strong market performance from the beginning. It started at a high level and traded high until the end of 2018. It then declined and remained in the $40 range for most of 2019.

The coin continues to actively participate in price movements in the markets. After starting 2020 at a low of just below $200, it has recovered and reached some highs. The first half of the year was particularly important for the coin. It reached some of the highs of $496. This was followed by a sharp decline to $150 in April. It then began an upward trend to current prices.

The coin has yet to stabilise. Several market trends are likely to influence the volatility of the coin.

Most volatile cryptos Bottom line

Volatility is an important topic in the crypto world. While most people view it negatively, it does not have to be that way. Traders are learning how to profit from price fluctuations. There are tools to measure crypto-volatility. At the moment, these are the most volatile cryptocurrencies.