The following are the reasons why it is recommended to play mainstream coins instead of altcoins: 1. Market recognition
Mainstream coins usually have a high degree of market recognition. Mainstream coins such as Bitcoin and Ethereum have been tested by the market for a long time and are well known and accepted by many investors, institutions and industry experts. However, the market recognition of altcoins is often low. Many altcoins may only be a temporary trend and lack a long-term and stable development foundation.
Mainstream coins have a wide range of user groups and trading platform support around the world. This means that you can buy and sell mainstream coins more easily and with higher trading liquidity. In contrast, altcoins may only be traded on a few specific trading platforms, with poor liquidity, and may face greater price fluctuations and trading risks when buying and selling.
2. Technical strength and stability
Mainstream coins usually have strong technical teams and community support. These teams are constantly working to improve and perfect blockchain technology to enhance the security, scalability and performance of coins. For example, the technical teams of Bitcoin and Ethereum have been working hard to solve the problem of blockchain expansion, increase transaction speed and reduce transaction costs. The technical strength of altcoins is often uneven. Some altcoins may just imitate the technology of mainstream coins and lack innovation and independent research and development capabilities.
The blockchain network of mainstream coins is more stable and reliable. Due to the large number of users of mainstream coins, the security and stability of the network are better guaranteed. The network of altcoins may be relatively weak and vulnerable to hacker attacks and technical failures.
3. Risk Control
The risk of investing in mainstream coins is relatively small. Although the digital currency market itself has a high volatility, the price fluctuations of mainstream coins are relatively stable and will not experience sharp rises and falls like altcoins. In addition, the market size of mainstream coins is large and not easily manipulated, so investors can better control risks.
There is a high risk of fraud in altcoins. Some altcoins may be scam projects, where developers use false propaganda and price manipulation to attract investors for the purpose of making money. Once investors invest money, these altcoins may quickly depreciate or disappear, causing investors to suffer huge losses.
In summary, the main reason for recommending mainstream coins over altcoins is that mainstream coins have obvious advantages in market recognition, technical strength, stability, and risk control. Of course, digital currency investment itself has high risks. Investors should fully understand the market situation and carefully choose investment products when making investment decisions.
