- Japan has increased its permanent residency application fee, marking a sharp rise in the cost for foreigners seeking long-term residency in the country.
- The country is also tightening requirements involving income, language ability, and compliance.
- ADA, LINK, DOGE, HBAR, and LTC remain among the cryptocurrencies being watched as altcoins approach another potential market move.
Japan has sharply increased the cost of applying for permanent residency, with the fee rising from ¥10,000 to ¥200,000 on October 1. The 20-fold increase is part of broader changes to Japan’s permanent residency system. Authorities are also placing greater attention on income, Japanese-language ability, tax payments, pension contributions, and compliance with Japanese laws.
The changes are expected to be introduced alongside further adjustments through 2027. As immigration rules tighten, the latest fee increase has drawn greater attention to Japan’s changing approach to long-term foreign residents.
The residency changes are not directly connected to cryptocurrency markets. However, broader policy developments can still become part of the wider economic backdrop watched by investors as markets enter another potentially active period.
Cardano (ADA) Faces Renewed Market Attention
Cardano is one of the well-established smart-contract networks in the cryptocurrency industry. It runs a proof-of-stake consensus protocol and runs applications on its smart-contract infrastructure.
However, if capital starts flowing into the established altcoins, ADA might gain renewed interest in the market. It also plays a role in determining the market strength of other cryptocurrencies, as it is a part of a larger cryptocurrency ecosystem.
Chainlink (LINK) Tracks Blockchain Infrastructure
Chainlink has created infrastructure that enables blockchain apps to get external data using decentralized oracles. It’s being applied in various sectors such as decentralized finance and tokenized assets. In this respect, LINK might still be relevant should activity pick up in both blockchain applications, as well as in the real-world asset markets.
Dogecoin (DOGE) Remains a Major Meme Coin
Despite its status as a lesser-known meme coin, Dogecoin remains one of the most active and involved coins in the community. Throughout the history of DOGE, there have been times when it has seen a lot of trading activity during significant cryptocurrency rallies. Any subsequent uptick in retail interest could put the asset on the market watchlists again, though.
Hedera (HBAR) Focuses on Distributed Ledger Use
Hedera uses hashgraph technology to support applications and transactions across its network. The project has maintained a focus on enterprise-related use cases and distributed ledger infrastructure. HBAR could receive additional attention if investors begin looking beyond traditional blockchain networks and toward projects developing alternative forms of distributed ledger technology.
Litecoin (LTC) Maintains Its Long Market History
Litecoin is one of the oldest major cryptocurrencies still actively traded today. The network was designed primarily around digital payments and faster transactions compared with Bitcoin. Its long operating history gives LTC a different market profile from newer altcoins. During periods of broader market rotation, established assets such as Litecoin can return to traders’ attention.
Five Cryptos to Watch as Markets Develop
The permanent residency changes in Japan cannot be considered a direct cryptocurrency catalyst, but rather an immigration policy change. Foreign applicants have to pay an application fee of ¥200,000 and meet more stringent residency requirements.
But for crypto markets, the key points are investor participation, Bitcoin’s market dominance, and the liquidity of the wider altcoin market. In such a scenario, five major cryptocurrencies – Cardano, Chainlink, Dogecoin, Hedera, and Litecoin – can be considered market watch list contenders if another sweeping altcoin move occurs.
