Must-See for Newcomers in the Crypto World! A Deep Dive into Mainstream Coins and Altcoins

Hey guys, are you feeling confused by mainstream coins and altcoins after just entering the crypto world? Today, let's have a good educational session~

🌟 Mainstream Coins: The Existence of Big Players

Coins like Bitcoin (BTC) and Ethereum (ETH) are the 'top players' in the crypto world. Bitcoin is the pioneer of blockchain technology, decentralized, with a total supply of only 21 million coins, making it very scarce and treated as digital gold. Many people use it for value storage and cross-border payments. Ethereum is also super impressive; it pioneered smart contracts and has a huge developer community. The decentralized applications (DApps) built on it are diverse, and popular concepts like DeFi and NFTs are inseparable from it.

Mainstream coins have high market capitalization and strong liquidity, making them easy to buy and sell on major trading platforms. The technology is mature, having undergone years of refinement and testing, ensuring security. There are countless fans globally, and the community is super active, with vibrant technical exchanges and project discussions. The application scenarios are also very broad, genuinely changing the landscape of finance and the internet.

🐶 Altcoins: Potential and Risk Coexist

Besides mainstream coins, the rest are basically considered altcoins. Among them, there are potential stocks as well as 'landmines.' Take Dogecoin (DOGE), which started as a joke but skyrocketed in market value due to its strong community culture and celebrity effect, becoming the representative of meme coins. There are also some altcoins focused on specific fields, such as solving data privacy issues and optimizing transaction speeds. If the technology can truly be implemented, they might break new ground.

However, altcoins generally have lower market capitalization, and trading might not be very active, with liquidity not matching that of mainstream coins. Technically, most are imitations of mainstream coins, and some even have numerous vulnerabilities, making them susceptible to hacking. The community size is small, and the popularity can come and go quickly. Many altcoins have vague application scenarios, relying solely on concept hype, and one misstep can lead to losses.

💡 Investment Advice

For ordinary investors like us, if you seek stability, mainstream coins are a good choice, and holding them long-term is likely to preserve and increase value. If you want to take a chance for high returns, invest a small portion of your spare money to research those potential altcoins, but absolutely do not go all in!