What are the mainstream virtual currencies? How do novices choose mainstream currencies?

Mainstream virtual currencies, also known as cryptocurrencies, refer to digital currencies that dominate the cryptocurrency market and have high market capitalization and circulation. For beginners, factors such as market capitalization, circulation, usage, volatility and security should be considered when choosing a mainstream currency. It is recommended that novices start with mainstream currencies with high market capitalization, large circulation, relatively low volatility, and good security, such as Bitcoin (BTC), Ethereum (ETH), and stablecoins (USDT).

Introduction to mainstream virtual currencies

Mainstream virtual currencies refer to cryptocurrencies with high market value, circulation and popularity , they dominate the cryptocurrency market. Here are some of the most well-known mainstream virtual currencies:

• Bitcoin (BTC)
• Ethereum (ETH)
• Binance Coin (BNB)
• Stablecoins (such as Tether USDT, Binance USD BUSD)
• Cardano (ADA)
• Solana (SOL)

How do newbies choose mainstream currencies

For beginners, you need to consider the following factors when choosing a mainstream currency:

Market Cap: Market cap refers to the total value of all tokens in circulation. Currencies with high market capitalization are generally more stable and less risky.

Circulation Volume: Circulation Volume refers to the number of tokens circulating in the market. Currencies with large circulation are more liquid and easier to trade.

Uses: It is also important to understand the uses of different currencies. For example, Bitcoin primarily serves as digital gold, while Ethereum is a smart contract platform.

Volatility: Volatility refers to the extent to which a currency’s price changes. Beginners should choose currencies with less volatility to reduce investment risks.

Security: Consider the security of the blockchain technology behind the currency. High-profile currencies tend to have more mature and secure blockchains.

Recommendation:

For novices, the following mainstream currencies are a good choice:

• Bitcoin (BTC ): As the pioneer of cryptocurrency, Bitcoin has the highest market capitalization and popularity.
• Ethereum (ETH): Ethereum is a leader in the field of smart contracts, with a strong ecosystem and a wide range of application scenarios.
• Stablecoin (USDT): Stablecoins are linked to legal currencies, such as the US dollar, with less volatility and are suitable for novices to store value or trade.

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