Many investors run after speculation to make a lot of money in a short time. This, in turn, has led to the success of a large number of cryptocurrencies that would not otherwise be on the market. Despite everything, SHIB and these 2 altcoins are among the first options, according to analyst Best Owie, for investors who still want to go down this path.
Here are the most volatile cryptocurrencies in the market
Dogecoin (DOGE) has been around for a while and is even older than some of the biggest cryptocurrencies. The meme coin was made as a joke by a group of friends in 2013. It remained in the background for a long time until it caught the attention of billionaire Elon Musk.
Musk tweeted about Dogecoin on his Twitter page, which has more than 100 million followers. DOGE quickly rallied from under $0.002 to a high of $0.7 before its current price fell to $0.06.
However, interest in Dogecoin has not waned. It now acts as a cryptocurrency attracting investors seeking some speculative action. Recently, Twitter rose more than 6% after announcing that it was sticking to its original deal with Elon Musk. As Kriptokoin.com, we have transferred the details in this article. Now this and similar news make Dogecoin a good option when looking at speculative cryptocurrencies to invest in
Shiba Inu (SHIB)
Shiba Inu was another prominent meme coin during the 2021 bull rally. He did this by tracking down Dogecoin. Labeled as the “Dogecoin killer,” SHIB has grown exponentially during this time. It reached more than 1.2 million investors in a short time. SHIB is actually preparing projects that will take this one step further. The highly anticipated card game SHIB Eternity will be released on Thursday. This development moves Shiba away from being a meme token. However, SHIB still retains many speculative qualities, with price movements triggered by hype or lack thereof. To understand this, it is enough to look at the chart where the price of SHIB has gained over 1,000% in almost a month.
SHIB is one of the biggest players when it comes to investing in speculative altcoins. Its price was relatively fluctuating throughout the year. However, it still shows in splashes as before. This makes Shiba a part of such investments.
LUNA Classic (LUNC)
The collapse of the Terra network led to one of the biggest losses the crypto market has ever seen. However, it left a very interesting market behind. Even though the price of LUNA Classic (LUNC) has dropped below zero, investors are not giving up. Thousands of investors continue to buy LUNC with a hope.
Wide fluctuations in price serve as an attractive feature, especially for investors. But even some investors looking to hold the cryptocurrency weren’t left out. LUNC has now essentially become a gambler’s dream cryptocurrency. It has caused more people to deposit money in hopes of making quick profits.
This high volatility associated with LUNC makes it arguably the most attractive speculative token in the crypto market. It sees hundreds of millions of dollars in daily trading volume due to highly speculative price movements. Therefore, for investors looking for good speculative crypto, LUNC is one of the top names on the list.
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