Japan has a large number of crypto investors and the government has been supportive of the industry. There is therefore no reason why Japanese residents shouldn’t invest in cryptocurrencies.
If you’re one of those interested in this class of assets, you’re not alone. There are many others that are seeking to invest in cryptocurrencies because of how the assets perform eventually. But which assets should you invest in?
Well, that depends on a few factors, one of which is your level of experience in the crypto market. If you’re reading this guide, I assume you’re new to the space, so i’ll advise you to buy stable crypto assets that have established history.
With this in mind, here are the best crypto assets you can buy in Japan right now in order to benefit from the bull market.
Bitcoin (BTC)
Bitcoin has established its reputation over the years as a reliable investment asset. This is because it has consistently been rewarding to investors over a period of more than ten years, and still remains profitable till today.
The asset recently hit a new all-time high price of over $73,000, and even though it has retraced, it is expected to bounce back any time soon and start another upward move towards higher price levels.
This is especially as the Bitcoin halving approaches. If you haven’t bought some yet, now is the time as you never know when it may be too late.
Ethereum (ETH)
Ethereum is another trusted crypto token because of the credibility of Ethereum, the foremost platform for developing smart contracts and decentralized applications. The network has grown over the years as demands for smart contracts and decentralized applications continue to grow, and so has the token ETH.
In 2024, investors are expected to see more impressive growth because the team has made arrangements for some upgrades that will make the network more efficient, scalable, and cheaper to use.
This means more developers and general users will come to the network, which also means that ETH token will appreciate in value eventually.
Binance Coin (BNB)
Binance Coin is the token used to power the Binance ecosystem, including blockchain networks Binance Chain and Binance Smart Chain. As the networks are among the most efficient in the industry, BNB is one of the best performing crypto assets currently.
The token has been doing well historically as well, rising from a single digit token to over $600 worth. It is used to pay for transaction fees and other expenses on the blockchain networks. As the Binance ecosystem continues to grow, it is expected that the price of the token will also grow.
This makes it a good potential investment, and one that can be relied upon to not fail eventually. Moreover, Binance is a bonafide exchange in Jaan, which increases the token’s credibility.
Solana (SOL)
Solana is a proof-of-stake blockchain network that has proven to be a strong network. The platform supports smart contracts, decentralized applications, and non-fungible tokens just like Ethereum.
Solana’s design however gives it an age over Ethereum because it is infinitely scalable, and costs much less to use than Ethereum. This has caused the network and the token to grow massively, especially in 2023.
This growth is not expected to slow down in 2024, as the token has shown signs of greater exploits already. This makes it another great potential investment you should consider adding to your portfolio.
Dogecoin (DOGE)
Dogecoin is the number one joke cryptocurrency that has become more than a joke. In 2021, the asset surprised investors, rising over 1,000% in value, supported by billionaires like Elon Musk.
Since then, DOGE has become a viable investment asset and is currently one of the best performing among the top ten. Analysts project that April is the month for DOGE, so you’ll do well to enter the space through this meme coin.
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