Japan's permanent residency fees skyrocket 20 times: the top five cryptocurrencies worth taking ris

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Japan's permanent residence application fees have been significantly increased, and the five major altcoins have attracted market attention.

Japan has recently significantly increased the application fees for permanent residency, marking a sharp increase in the cost of foreigners seeking to live in the country for a long time. At the same time, Japan is also tightening requirements related to income levels, language skills and compliance.

As the altcoin market may usher in a new round of volatility, cryptocurrencies such as Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Hedera (HBAR) and Litecoin (LTC) continue to receive close attention from investors.

Tightening permanent residence policy and raising immigration threshold

Starting from October 1, Japan has significantly increased the application fee for permanent residence from 10,000 yen to 200,000 yen, an increase of up to 20 times. The move is part of a broader reform of Japan's permanent residence system. Authorities now pay more attention to the applicant's income status, Japanese language ability, tax record, pension contributions and compliance with Japanese laws.

These changes are expected to be phased in by 2027. As immigration rules become increasingly stringent, the latest fee adjustments have drawn more attention to Japan's shift in its policy towards long-term foreign residents.

It should be pointed out that this adjustment of the permanent residence policy is not directly related to the cryptocurrency market. However, broader macro policy developments may still constitute one of the economic contexts that investors are focusing on during a potentially dynamic market cycle.

Five key cryptocurrencies for observation

Cardano (ADA): regaining market attention

Cardano is one of the mature and well-known smart contract networks in the cryptocurrency industry. It adopts a proof-of-stake (PoS) consensus protocol and runs various applications on its smart contract infrastructure. If funds start flowing into established altcoins, ADA may regain market interest. In addition, as part of the larger crypto ecosystem, it also affects the market performance of other cryptocurrencies to a certain extent.

Chainlink (LINK): Tracking the blockchain infrastructure

Chainlink builds the underlying infrastructure that enables blockchain applications to access external data through decentralized oracles. This technology has been applied in multiple areas such as decentralized finance (DeFi) and tokenized assets. If blockchain application activity rebounds and real-world asset market transactions increase, LINK's relevance is expected to increase further.

Dogecoin (DOGE): Maintain its status as the main memecoin

Although Dogecoin is often classified as a lesser-known altcoin, it remains one of the most active and engaged currencies in the community. In DOGE's history, whenever there is a major rally in the cryptocurrency market, it has shown extremely high trading activity. If retail investor interest heats up again, the asset is expected to return to the market watch list.