What Does Mainstream Coin Mean (What are Mainstream Coins and Non-Mainstream Coins)?
What does mainstream coin mean? According to Bitcoin news, mainstream coins in
What does mainstream coin mean? According to Bitcoin news, mainstream coins in the field of digital currency are those that earn money through trading. Bitcoin is a means of value storage, a virtual asset, or a type of security that can be used for circulation and payment as a currency. Ripple, on the other hand, is based on its own issued technology to support the development of cryptocurrency networks. Litecoin uses blockchain technology to solve the problems of Bitcoin.
What does mainstream coin mean? Literally, it represents a financial product of a specific market or the abbreviation of one or several major financial products.
What are Mainstream Coins and Non-Mainstream Coins?
According to LongHash news, for those who are not familiar with blockchain technology, either they are Bitcoin enthusiasts or people who have not come into contact with cryptocurrencies may not care about these coins. In fact, most people are not very clear about mainstream and non-mainstream digital assets. However, these two different types of investment products also have significant differences: whether a project can attract participants from the general market and gain widespread attention, and whether another project has the ability to become a real investment and has enough liquidity to trade the token. If this concept is understood as a newcomer in a new financial system, then it is called “mainstream” (coin). And when people think they can buy a certain token but actually can’t, they will enter the market in different ways, speculating and even getting ahead in the secondary market. Of course, some investment institutions have realized this, such as Goldman Sachs announcing plans to launch its own Bitcoin exchange-traded fund (ETF) in January 2018, but has not publicly expressed interest in it being an alternative.
In addition to some popular coins, there are also relatively niche products that, although they have strong visibility or user base, cannot meet the needs of ordinary consumers in certain cases. For example, the price of Bitcoin has dropped from about $1,000 in 2017 to about $20 million currently. In addition, due to its extremely high inflation rate, many retail investors find it difficult to grasp the market value of Bitcoin and how to effectively utilize the risks brought by price fluctuations.
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