#What do newbies need to know when entering the cryptocurrency circle: What are stablecoins, mainstream coins, and altcoins?

What are mainstream coins

Mainstream coins refer to cryptocurrencies that are widely accepted in the digital currency market, have high market capitalization, large trading volume, and are relatively stable. These currencies usually have high security, technical maturity, and community support, and are the mainstream choice in the digital currency market.

What are altcoins

Altcoins are alternative cryptocurrencies to Bitcoin. In the current market, all digital currencies other than Bitcoin and Ethereum are collectively referred to as altcoins. There are thousands of altcoins in the cryptocurrency market, and they appear or are released in various forms.

What are stablecoins? Stablecoins are cryptocurrencies whose value is pegged to a relatively stable asset (such as a fiat currency or commodity) and are designed to reduce the price fluctuations common in cryptocurrencies. Through the pegging mechanism, stablecoins provide investors with a relatively stable value storage and trading medium in the cryptocurrency market.

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