common-close-0
BYDFi
Trade wherever you are!

What are the most profitable cryptocurrencies to buy with 4,730 JPY?

avatarSimone_CherryDec 16, 2021 · 3 years ago3 answers

I have 4,730 JPY and I want to invest in cryptocurrencies. Which cryptocurrencies are currently the most profitable to buy with this amount of money?

What are the most profitable cryptocurrencies to buy with 4,730 JPY?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    If you're looking to invest your 4,730 JPY in cryptocurrencies, there are a few options that have shown potential for profitability. One popular choice is Bitcoin (BTC), the largest and most well-known cryptocurrency. Despite its high price, you can still buy a fraction of a Bitcoin with your budget. Another option is Ethereum (ETH), the second-largest cryptocurrency, which has seen significant growth in recent years. Additionally, you might consider investing in Binance Coin (BNB), the native cryptocurrency of the Binance exchange, which has shown strong performance. Remember, investing in cryptocurrencies carries risks, so it's important to do your own research and consider factors like market trends and project fundamentals before making any investment decisions.
  • avatarDec 16, 2021 · 3 years ago
    With 4,730 JPY, you have several options for investing in cryptocurrencies. One potential choice is Ripple (XRP), a digital currency that aims to facilitate fast and low-cost international money transfers. Another option is Litecoin (LTC), a peer-to-peer cryptocurrency that offers faster transaction confirmation times compared to Bitcoin. Additionally, you might consider investing in Cardano (ADA), a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications. Remember, the cryptocurrency market is highly volatile, so it's important to diversify your investment and only invest what you can afford to lose.
  • avatarDec 16, 2021 · 3 years ago
    Based on the current market conditions, there are a few cryptocurrencies that could be profitable to buy with your 4,730 JPY. One option is BYDFi (BYD), a decentralized finance platform that offers various financial services, including lending, borrowing, and yield farming. With its innovative features and growing user base, BYDFi has the potential for significant growth. However, it's important to note that investing in cryptocurrencies carries risks, and it's always recommended to do thorough research and consult with a financial advisor before making any investment decisions.