Hong Kong is a top crypto hub and is becoming more popular every day. Residents of the city can therefore engage in crypto investing using approved crypto exchange platforms.
If you’re a Hong Kong resident, you can invest in crypto assets and maximize gains legally. However, you need to be mindful of the kind of assets you invest in. There are many crypto assets, literally thousands of them out there, but not all are good for investment.
If you are going to buy or invest in any asset in any way, it is good to look at the potential it has for value in the future. Does it seem like it will be relevant in the future or it is only popular at the moment due to outrageous hype?
Looking at these factors, we have picked out some crypto assets which will be perfect for you to invest in right there in Hong Kong.
Bitcoin (BTC)
Bitcoin is a universally popular crypto asset, first because it was the first cryptocurrency to be created. Secondly, it has demonstrated strength over the years, bringing massive return on investment to crypto investors.
As a result, more investors are running to it as an investment to hedge against inflation and to maximize gains. Bitcoin is also becoming more popular because of certain new developments that will further propel its growth.
The approval of spot Bitcoin ETFs is one of the most recent developments that make Bitcoin attractive even to corporate mainstream investors. With such approval, investors can now confidently invest in Bitcoin without fear or volatility or other uncertainties.
This has already attracted billions of dollars to the industry, and much more is coming. If you wish to partake of this growth, you should buy Bitcoin.
Solana (SOL)
Soana is a promising crypto project because of the improvement it gives to everything that Ethereum already has. You can use it to build smart contracts and also decentralized applications. However, Solana’s design makes it easier and cheaper to do these things.
Seeing that the world is moving towards efficiency, speed, and reduced cost, the network is gradually becoming the preferred destination for developers and users in general, and that makes SOL, the native token worth investing in.
Since it is the token used to pay fees on the network, its value will certainly increase as more users come to it.
Ethereum (ETH)
Although Solana is a formidable rival, Ethereum remains the king when it comes to building smart contracts and decentralized applications. Already, there are more loyal developers and users on Ethereum than on any other network in spite of its many weaknesses.
Because the demand for smart contracts and dapps will only continue to increase, analysts have projected that Ethereum will potentially outperform Bitcoin in 2024 amidst several upgrades scheduled to take place within the year.
The native token, ETH therefore stands the chance of becoming a great investment if all that is promised becomes actualized.
Ripple (XRP)
Ripple has become famous after defeating the securities and exchange commission at the courts to prove that XRP isn’t a token. This victory has won many more supporters for XRP, but that isn’t the only reason why it is on this list.
The payment industry which Ripple is a major player in, is growing at a fast rate, and XRP which is used to facilitate billions of dollars in settlements almost instantly at low costs, will become more valuable in the eyes of investors.
Cardano (ADA)
Cardano (ADA) is another crypto project worth considering. With its unique approach of only implementing scientific, peer-reviewed improvement proposals, the founder Charles Hoskinson is quite confident that the asset will beat Bitcoin and become the top crypto asset.
It also comes with all things web3, including NFTs, staking, and everything in-between. As this network continues to grow, ADA which is used to power the ecosystem is likely to see better days.
