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What are the best cryptocurrencies to invest in with 36300 yen to potentially earn USD?

avatarNourEldin Nour Eldin Ahmed TalDec 18, 2021 · 3 years ago3 answers

I have 36300 yen and I'm looking to invest in cryptocurrencies to potentially earn USD. Which cryptocurrencies would be the best options for me to consider?

What are the best cryptocurrencies to invest in with 36300 yen to potentially earn USD?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When it comes to investing in cryptocurrencies with the goal of earning USD, there are several options worth considering. One popular choice is Bitcoin (BTC), the largest and most well-known cryptocurrency. With its established reputation and widespread adoption, Bitcoin has the potential to provide a solid return on investment. Another option is Ethereum (ETH), the second-largest cryptocurrency by market capitalization. Ethereum's blockchain technology enables the creation of decentralized applications and smart contracts, making it an attractive choice for investors. Additionally, Ripple (XRP) is a cryptocurrency that aims to facilitate fast and low-cost international money transfers. Its partnerships with major financial institutions give it potential for growth. It's important to note that investing in cryptocurrencies carries risks, so it's advisable to do thorough research and consider diversifying your portfolio.
  • avatarDec 18, 2021 · 3 years ago
    If you're looking to invest your 36300 yen in cryptocurrencies to potentially earn USD, you might want to consider diversifying your portfolio. While Bitcoin and Ethereum are popular choices, it's also worth exploring other cryptocurrencies that have shown promising growth. One such cryptocurrency is Binance Coin (BNB), the native cryptocurrency of the Binance exchange. BNB has experienced significant growth due to its utility within the Binance ecosystem. Another option is Cardano (ADA), a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications. Additionally, Chainlink (LINK) is a cryptocurrency that focuses on connecting smart contracts with real-world data, which has gained attention in the decentralized finance (DeFi) space. Remember to stay updated on market trends and consider consulting with a financial advisor before making any investment decisions.
  • avatarDec 18, 2021 · 3 years ago
    With 36300 yen, you have a range of options to potentially earn USD through cryptocurrency investments. One option to consider is BYDFi, a decentralized finance (DeFi) platform that offers various investment opportunities. BYDFi allows users to earn passive income through yield farming, liquidity mining, and staking. By providing liquidity to the platform, you can earn rewards in the form of BYD tokens, which can be converted to USD or other cryptocurrencies. It's important to note that investing in cryptocurrencies carries risks, and it's advisable to do thorough research and understand the platform's terms and conditions before investing. Additionally, consider diversifying your portfolio to mitigate risks and consult with a financial advisor if needed.