Japan is one of the biggest markets for crypto and this has been the trend for years. If you’re in Japan and wondering which assets to buy in order to maximize the current bull cycle, you’re not alone.
It’s one thing to want to invest in crypto, and it’s another thing to know which assets to invest in. Not every investor can select the best crypto assets for them, and we’re aware of this. That’s why we have carried out the research for you.
In this guide, we name the best crypto assets you should be focusing your energy on in 2023 as a Japan resident. They are assets that generally have great potential to bring decent return on investment, but which one you choose depends on your interest and goals.
Bitcoin (BTC)
Bitcoin (BTC) is universally the top crypto asset to buy in 2024. This is because it is the leader of the crypto pack and has already demonstrated great strength this year. By reaching a new all-time high of over $73,000, the asset has demonstrated what it is capable of doing.
Apparently there’s more ahead of Bitcoin, as analysts predict it can hit $100,000 this year. The optimism is because of the growing interest in Bitcoin, and also the halving event which is expected to happen in a few weeks.
However, Bitcoin is mostly an investment for those with much capital to invest as the returns take time to accumulate. If you’re looking for a quick buck, check out other options below.
Ethereum (ETH)
Ethereum (ETH) is the second largest crypto asset by market cap after Bitcoin, but it’s also a promising investment that’s why it’s on this list. The token has been a top performer for years, and is still holding great potential.
Everyone knows the weaknesses of the Ethereum network such as low scalability, high fees in times of heightened network activity, etc. However, there are scheduled upgrades that are expected to take care of these issues.
Once this is accomplished, Ethereum will attract more developers and users than it does now, and could grow exponentially as the demand for smart contracts and decentralized applications continues to grow. This will make the value of ETH to increase as well.
Solana (SOL)
Solana (SIOL) is just like Ethereum. However, it has higher scalability, lower fees and faster speed than Ethereum, making it an excellent platform that is competing favorably with Ethereum.
This is why it has been performing very well as an investment among the top ten crypto assets. It is also still quite affordable as it is under $200, but it may not remain there for long as the price is appreciating fast.
No matter how bad things get, SOL has proven over the years that it is resilient enough to always bounce back, and hopefully it has more to offer for the future.
Shiba Inu (SHIB)
If you’re looking for a quick return on investment, SHIB is one asset you should consider adding to your portfolio. It is the second largest meme token by market cap, and has been among the top performing assets this year.
There are reasons why SHIB is a great potential investment, including the burn program which the team implemented recently. This is an automated way of burning SHIB tokens to reduce the circulating supply.
As the number of SHIB is reduced, the value of each token begins to appreciate. This is just one of the reasons this token is a potential gold mine. Remember though that it can also fall just as quickly as it can rise.
XRP
XRP is the payment token used to provide liquidity for Ripple’s cross-border payment network. There is an ever-increasing demand for efficient and cheap payment methods worldwide. This means that the value of the token will keep increasing.
The token is also relatively cheap as it is under $1, so anyone can buy it and expect a quick return as long as the market is growing.
