- Bonk is the most volatile coin, with a 14,306% change between highs and lows
- Tether is the most stable cryptocurrency
- Injective and GALA are the most bullish and bearish cryptos, respectively
A new study reveals the most and least stable cryptocurrencies, with Tether and BitTorrent being the safest bets for traders and Bonk and Bitcoin being the most volatile.
The research by online crypto casino Bombastic analyzed data of the largest 100 cryptocurrencies by market cap, according to CoinGecko, and ranked each based on year-on-year (YoY) price changes to determine the ranking.
The most volatile cryptocurrencies
Memecoin Bonk (BONK) is the most volatile cryptocurrency, with the greatest difference between highs and lows.
Bonk’s value has fluctuated between $0.000000177 and $0.0000255, a 14,306% difference.
ORDI (ORDI), Kaspa (KAS), and Injective (INJ) rank second through fourth with differences of over 2,000%.
Conflux (CFX) and Akash Network (AKT), the fifth and sixth most volatile coins, experienced some of the market’s biggest price fluctuations of over 1,000%.
BEAM (BEAM), THORChain (RUNE), Osmosis (OSMO), and Sei (SEI) saw price changes of over 750%.
The most bullish cryptocurrencies
Injective (INJ) experienced the greatest, with a 1,587% difference – its price rocketed from $2 at its earliest value to $33.77 at the time of writing.
Kaspa (KAS) follows with 1,420% growth from $0.006 to $0.098.
Bonk (BONK), the most volatile cryptocurrency, has seen values rocket by 813% YoY from $0.00000115 to $0.0000105.
Akash Network (AKT) experienced a 765% positive YoY change.
Celestia (TIA) and Conflux (CFX) rank fifth and sixth with over 500% growth in price.
Stacks (STX), Render (RNDR), and Siacoin (SC) grew by over 300%.
Roning (RON) ranks tenth most bullish, with a 267% change from $0.6 to $2.25.
The most bearish cryptocurrencies
GALA’s price has sunk the most, with a 58.3% negative YoY growth from $0.053 at its earliest value to $0.022.
Flare (FLR), The Sandbox (SAND), and Axie Infinity (AXS), in second, third, and fourth place, saw values drop by over 40%.
Decentraland (MANA), EOS (EOS), 1000SATS, Aptos (APT), Flow (FLOW), and Algorand (ALGO) experienced average YoY drops of over 35%.
The most stable cryptocurrencies
Tether (USDT) experienced the most stable growth of all cryptocurrencies.
Tether, currently the biggest stablecoin by market cap, has the least difference between the highest and lowest prices by percentage, with a 1.35% YoY change. At its lowest, the coin was valued at $0.99, compared to $1.009 at its peak. The coin is pegged to the US Dollar to keep its value steady.
LEO Token (LEO) is the steadiest cryptocurrency, excluding stablecoins, with a 25% difference between its dips and highs, from $3.32 to $4.17.
Dogecoin (DOGE) ranks tenth safest, with a positive 76% YoY change between dips and recoveries. Doge hit $0.057 at its lowest value compared to $0.10 at its highest.
A spokesperson from Bombastic commented on the findings: “Now, with years of historical data, these findings offer crypto traders an insight into the safest and riskiest coins to invest in.
“Data shows that memecoin Bonk experienced huge percentage changes in price, over 10,000% more than the next coin.
“Among the most bullish coins are ones attached to games networks such as Gala, Axie Infinity, and The Sandbox.
“It could signal that market sentiment towards these gaming ecosystems is downward or in favor of other coins”.
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