Here are some coins that have seen price increases alongside Ethereum.
- *Binance Coin (BNB)*: Binance Coin (BNB) is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world. Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binanceâs exchange platform. Now, it can be used for trading, payment processing or even booking travel arrangements.
- *Solana (SOL)*: Developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms to process transactions quickly and securely.
- *Dogecoin (DOGE)*: Dogecoin was famously started as a joke in 2013 but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes. Unlike many other cryptos, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.
- *Toncoin (TON)*: Originally developed as a layer-1 blockchain for Telegramâs encrypted messaging platform, Toncoin was soon abandoned before being taken over by the TON foundation. The project name was even changed to âThe Open Networkâ from its original name âTelegram Open Network,â both of which are referred to by their acronym: TON.
- *Cardano (ADA)*: Somewhat later to the crypto scene, Cardano (ADA) is notable for its early embrace of proof-of-stake validation. This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification in platforms like Bitcoin.
