If there’s one thing we can agree on in the crypto market right now, it’s that volatility is here to stay. Yes, crypto has traditionally been known as a very volatile market. But in 2022 things have been pretty unpredictable, to say the least. Here are some of the factors driving this volatility:
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There are unprecedented economic and political risks around the world.
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Investors wary of growing Fed monetary tightening
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Short-term positions dominate crypto investing right now
Well, if you want to trade in volatile market conditions, you can consider a few coins. Here are the first 3:
Dogecoin (DOGE)
Contrary to what most people believe, market volatility is not necessarily a bad thing for investors. Memecoins in particular tend to offer extraordinary volatility.
Data source: Tradingview
While these price swings can be quite life-changing, they provide great opportunities to buy low and sell high. Dogecoin (DOGE) is a coin that should offer immense volatility to swing traders. This way it will be much easier to buy and sell the coin with short term positions.
FTX Token (FTT)
For investors who are probably looking for a relatively stable coin to trade, FTX Token (FTT) is a good start. The coin will not swing wildly like DOGE or other meme coins. In fact, during the recent crypto crash, FTT managed to limit losses significantly. It is ideal for people who simply need a piece that is easily predictable in the market.
Cosmos (ATOM)
Some coins will consistently offer long-term value. Yes, they are volatile every day, but after about a year they will give you decent returns on capital. Cosmos (ATOM) is one such coin. It is backed by superb fundamentals and has since seen massive growth over the past few months. It’s a great long-term bet in crypto.
