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What are the best cryptocurrencies to buy with 8400 yen?

avatarAnderson IurkivDec 17, 2021 · 3 years ago3 answers

I have 8400 yen and I'm interested in investing in cryptocurrencies. Which cryptocurrencies would be the best options for me to buy with this amount?

What are the best cryptocurrencies to buy with 8400 yen?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One of the best cryptocurrencies to consider buying with 8400 yen is Bitcoin (BTC). As the largest and most well-known cryptocurrency, Bitcoin has a strong track record and is widely accepted. Another option could be Ethereum (ETH), which is the second-largest cryptocurrency and has shown significant growth potential. Additionally, you may want to consider Ripple (XRP), Litecoin (LTC), or Cardano (ADA), as these cryptocurrencies have also gained popularity and have the potential for future growth. Remember to do thorough research and consider factors such as market trends, project fundamentals, and risk tolerance before making any investment decisions.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for a more speculative investment, you might consider investing in smaller, lesser-known cryptocurrencies. These coins often have higher volatility but also the potential for higher returns. Some examples include Dogecoin (DOGE), VeChain (VET), or Chainlink (LINK). However, it's important to note that investing in these coins carries higher risks, so it's crucial to do your own research and understand the potential risks involved.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we recommend considering a diversified portfolio of cryptocurrencies. While Bitcoin and Ethereum are popular choices, it's also important to consider other cryptocurrencies that may have strong growth potential. Some cryptocurrencies that you may want to consider include Binance Coin (BNB), Polkadot (DOT), or Solana (SOL). Remember to assess your risk tolerance and investment goals before making any decisions. Happy investing!