Top 10 Cryptocurrencies with Extreme Volatility in 2022

One cannot deny the fact that the cryptocurrency market is one of the most volatile, yet, fast-moving markets. The year 2021 has been one of a kind for cryptocurrencies for the sole reason that the cryptocurrency market witnessed a roller coaster ride. Some cryptocurrencies made unfathomable gains whereas some busted massively. Taking such volatility into account, what 2022 has in store for these digital currencies is something that all the investors are looking forward to. On that note, have a look at the top 10 cryptocurrencies with extreme volatility in 2022.

Bitcoin

No wonder Bitcoin is loved by investors across the globe. This cryptocurrency is quite volatile but what keeps the investors hooked to it is the very fact that Bitcoin stands the potential to bounce back to normal, rather surpass normalcy levels and fetch huge returns for its investors.

Ethereum

Ethereum is one of the program developers' favourites because of its potential applications, like so-called smart contracts. In this volatile cryptocurrency market, this cryptocurrency has managed to showcase tremendous growth over a period of time. From 2016 to 2022, its value went from about $11 to over $3,700, thereby throwing light on how volatile it is and continues to be in 2022 and beyond.

Solana

Solana came into existence to help power decentralized finance (DeFi) uses decentralized apps (DApps) and smart contracts. This cryptocurrency consists of mechanisms that help it process transactions quickly and securely. Its price was about $0.77 at the time of launch and now it is around $170.

Binance coin

Ever since its launch in 2017, Binance coin expanded immensely. It is not limited to merely facilitating trades on Binance's exchange platform and now can be used for trading, payment processing or even booking travel arrangements. From just $0.1 in 2017, it has gained over 50000% today.

Stellar

Stellar is known for its exceptional high speed – as much as 3000 TPS. Despite the volatility that is seen in the cryptocurrency market, Stellar has promised significant returns to investors at the end of the day. With a history of landing major partnerships, Stellar is definitely worth paying considerable attention to.

Polkadot

With an aim to integrate blockchains by creating a cryptocurrency network, Polkadot has spurred impressive growth since its launch. In a mere 4 months' span, s price grew about 925% thus indicating how volatile it is.

Cardano

Cardano has grabbed attention for a wide number of reasons – decreased energy usage, reduced transaction time, and modest growth despite the volatility of the cryptocurrency market. This cryptocurrency saw a growth of about 6600% in a span of about 4 years.

Ripple (XRP)

XRP can be used on Ripple, a digital technology and payment processing company, to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies. This digital currency saw a growth of about 13700% from the start of 2017 till date. All this is a strong indication of how volatile this cryptocurrency is.

Gala

Gala is an Ethereum token that has gained wide recognition for its ability to power Gala games. Gala game is a platform for blockchain gaming. This Ethereum based cryptocurrency has brought in huge returns for the investors in 2021 – as much as over 32000% (from the start of the year to the end).

Axie Infinity (AXS)

AXS is yet another Ethereum token that powers Axie Infinity – a blockchain-based game. In this game, players can battle, collect, and build a digital kingdom for their pets. Over time, AXS has become a non-fungible token (NFT) that can be used in gameplay or be monetized in a marketplace. This cryptocurrency has seen massive volatility and has brought in significant returns for its investors as well.