most volatile cryptos | BTCC Knowledge

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What is the most volatile cryptocurrency?

As the king of the crypto market, Bitcoin also takes the crown of the most volatile cryptocurrency. As the earliest entrant into the market, its trading history provides a substantial number of metrics for a credible Bitcoin volatility index. Volatility based on the BTC/USD pair places the coin highly volatile.

Why is the crypto market so volatile?

The crypto market exists in a highly unstable environment. The risk-return tradeoff for cryptocurrencies is extremely high. Some major factors that cause this high volatility include: Bitcoin hit the market in 2009 and has seen phenomenal growth over the years.

What is the average daily volatility of cryptocurrencies?

Nonetheless, it’s nothing compared to Cardano’s average daily volatility of 11.59%. Even Bitcoin Cash, the result of a summer hard fork in the Bitcoin Blockchain, has seen average daily volatility of 9.18%. The least volatile of the leading cryptocurrencies has been Ethereum, with an average daily movement of 4.66%.

Which Crypto has the highest market capitalisation?

The first crypto on the list is Ethereum (ETH), which has the highest market capitalisation on the list and is listed on all big exchanges, even on non-crypto native futures exchanges like the CME and ICE, as every exchange operator wants a slice of the trading fees associated with ETH due to its rising importance as a mainstream investment asset.