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Recent history has not been kind to cryptocurrencies. 2022 started off strong, with FTX, eToro, and Crypto.com spending a combined $39m on celebrity-packed Super Bowl ads - resulting in a 279% uptick in app downloads for these exchanges. But in that same year, we saw Bitcoin's price plummet 37% in June. Followed by FTX's complete collapse which caused the sector to fall below its $1 trillion valuation.
With the inherent volatility of the crypto market, where should investors focus their energy? This new study from Coin Kickoff analyzed the volatility of the top 100 cryptocurrencies by market cap. Using this data they were able to reveal the most and least stable cryptocurrencies. Here's a preview of the top 10 most and least stable crypto coins based on their annualized volatility between 2022-2023:
The wider study reveals the top 10 most and least stable stablecoins as well.
Read the full study here: https://coinkickoff.com/most-and-least-stable-cryptocurrencies/
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.