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What are the best cryptocurrencies to buy with 36000 yen?

avatarRadhika NarangDec 16, 2021 · 3 years ago3 answers

I have 36000 yen and I'm interested in buying cryptocurrencies. Which cryptocurrencies would be the best options for me to invest in?

What are the best cryptocurrencies to buy with 36000 yen?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    As an expert in the field of cryptocurrencies, I would recommend considering Bitcoin, Ethereum, and Litecoin. These are some of the most established and widely recognized cryptocurrencies in the market. Bitcoin is the largest and most well-known cryptocurrency, while Ethereum offers a platform for decentralized applications and smart contracts. Litecoin is often referred to as the silver to Bitcoin's gold, and it has a faster transaction confirmation time. These three cryptocurrencies have shown resilience and have a strong track record in the market.
  • avatarDec 16, 2021 · 3 years ago
    If you're looking for a more speculative investment, you might consider smaller, up-and-coming cryptocurrencies like Cardano, Polkadot, or Chainlink. These cryptocurrencies have gained attention for their innovative technology and potential for growth. However, it's important to note that investing in smaller cryptocurrencies carries higher risks, as they may be more volatile and less established in the market.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, suggests considering a diversified portfolio of cryptocurrencies. This can help spread the risk and potentially increase the chances of higher returns. It's important to do thorough research and consider factors such as market trends, project fundamentals, and risk tolerance before making any investment decisions. Remember, the cryptocurrency market is highly volatile, so it's important to only invest what you can afford to lose.