Recent cryptocurrencies worth attention: Doge, AVAX, OP, and ENA

Dogecoin (Doge): The 'Internet Celebrity Coin' with Built-in Traffic

The advantage of Dogecoin lies in its extremely high popularity. Elon Musk, the 'sales expert', has mentioned Dogecoin multiple times on social media, directly driving its price fluctuations. Moreover, Dogecoin has fast transfer speeds and low transaction fees, making it suitable for small transactions. The community is also very active, often initiating various interesting charitable activities, such as raising funds with Dogecoin for the Jamaican bobsleigh team to participate in the Olympics.

Avalanche (AVAX): A Strong Performer Among Public Blockchains

AVAX is not just a 'snowflake'; it is a high-performance public blockchain. In the blockchain world, public chains are like the infrastructure of a city, supporting the operation of various decentralized applications (DApps). The remarkable aspect of AVAX is that it has solved the long-standing 'impossible triangle' problem in the blockchain industry, finding a good balance among decentralization, security, and scalability.

AVAX uses a unique consensus mechanism, processing transactions at a very fast speed, handling thousands of transactions per second with a short transaction confirmation time. This means that conducting transfers and using DApps on AVAX provides a smooth experience. Additionally, AVAX supports smart contracts, attracting many developers to build various applications, covering areas such as decentralized finance (DeFi) and gaming. However, the public chain market is highly competitive, with strong rivals like Ethereum and Binance Smart Chain, so AVAX must continuously strive to stand out.

Optimism (OP): The 'Speedster' in the Layer 2 Track

OP is the native token of the Optimism network, which belongs to Layer 2 solutions. What is Layer 2? Simply put, main chains like Ethereum are like main roads, which can easily become congested when there are too many vehicles, causing transaction fees to rise. Layer 2 is like an overpass built next to the main road, which can divert traffic and improve efficiency. OP uses 'optimistic rollup' technology to package a large number of transactions and then send them to the Ethereum main chain, significantly reducing transaction fees and enhancing transaction speed. Users holding OP tokens can participate in network governance and express opinions on important decisions such as protocol upgrades and fund allocation. However, competition in the Layer 2 space is also fierce.

ENA: A Rising Star with Potential