Top 10 ERC20 Tokens to Buy in 2024

With the Ethereum ecosystem frequently giving rise to some of the top projects in cryptocurrency, figuring out the best ERC20 tokens to buy can be a great long-term investment strategy. However, this is far easier said than done.

Throughout this guide, we’ll be taking a look at the top 10 best ERC20 tokens to buy, discussing the benefits of the ERC standard, and explaining how to buy our top pick for the best ERC20 crypto. Let’s get started.

The Best ERC20 Crypto Coins to Buy – Reviewed

Each of the projects we’ll be taking a look at boasts solid fundamentals, a great community, and plenty of room for growth. By focusing on projects providing intrinsic value to investors, we can better determine the best ERC20 coins on the market right now.

1. Tamadoge – Overall Best ERC20 Token

Tamadoge (TAMA) is a utility-centric meme coin that combines elements from NFTs and the Metaverse in order to create an engaging play-to-earn game designed to resonate with crypto enthusiasts and casual gamers alike. The project is currently in presale with tokens going fast. As TAMA tokens are sold, the price of each will progressively rise to award early investors with value. Therefore, it’s well worth checking out the project before prices climb higher.

The core gameplay of Tamadoge revolves around an expansive, beautifully designed Metaverse world named the Tamaverse. Within this world, players can explore, speak to one another, and interact with Tamadoge pets.

Each 3D-animated pet is tokenized in the form of an upgradable NFT. Players can purchase food, toys, and cosmetic items from the Tamadoge store in order to upgrade their pet and be rewarded with Dogepoints. Tamadoge features an in-game leaderboard that ranks players based on how many Dogepoints they’ve managed to accrue. As a player climbs the leaderboard, they become entitled to a greater percentage of the rewards pool.

Furthermore, by appealing to casual gamers, Tamadoge could grow to become one of the largest and best crypto games on the market.  By taking a more casual approach to gaming, Tamadoge should be able to avoid the frequent missteps made by even some of the best P2E games.

Tamadoge is an incredibly promising project and one of the best ERC20 coins currently available. It benefits from a wide appeal and could leverage its brand recognition to grow exponentially once fully released. Check out Tamadoge today to get TAMA tokens at the best possible price. It’s also advisable to join the Tamadoge Telegram group to stay updated with the project’s latest updates and exchange listings.

2. Lucky Block – ERC-Based NFT Competitions Platform

Lucky Block (LBLOCK) is a market-leading NFT competitions platform. The platform hosts regular competitions with prizes ranging from $1 million in Bitcoin to property, and World Cup tickets. Blockchain technology is utilized to provide efficient rewards distribution and a fair drawing system.

Every Lucky Block competition is entered by purchasing a unique NFT from NFT Launchpad. With an NFT acting as an entry ticket for each competition, they are priced based on the potential jackpot of the drawing. This allows Lucky Block to offer both large prizes as well as affordable competitions.

In addition to the regular prize draws, Lucky Block also hosts a Platinum Competition for holders of the Platinum Rollers Club (PRC) NFT collection. Prizes in this competition vary but include a real-world Lamborghini. Platinum competitions run regularly and PRC holders get free entry to each drawing.

In order to provide long-term value for investors, Lucky Block has ensured that every NFT has value outside of just the competition. Each NFT provides its holder with the ability to claim a portion of the prize pool each day. Therefore, even if unsuccessful in the main competition, every Lucky Block NFT holder is a winner.

V1 token – view the new LBLOCK V2 chart here

Lucky Block’s LBLOCK has recently undergone an upgrade to the ERC standard for its version two token. This has allowed the LBLOCK V2 token to get listed on centralized exchanges (CEX) like MEXC, significantly boosting demand.

In September 2022 Gate.io will list LBLOCK V2, which is ranked the fifth largest crypto exchange in terms of daily trading volume, and will be the most significant crypto exchange listing to date for Lucky Block. Since LBLOCK hit its former all time high around the time of a CEX listing (a few days after its LBank listing) it could potentially retest its highs near one cent.

The project has also recently been listed on Uniswap, making it easy for investors everywhere to get their hands on tokens. With exchange listings boosting the value of LBLOCK greatly, and more already planned, it’s a great time to be a Lucky Block investor.

Join the Lucky Block Discord to hear about the latest exchange listings before anyone else (admins will never message first).

3. Ethereum – King of the ERC20 Ecosystem

Ethereum (ETH) is the cryptocurrency that pioneered smart contracts and the ERC standard that so many of the world’s favorite crypto projects now use. It is the largest altcoin on the market and the second-largest cryptocurrency overall, beaten only by Bitcoin.

Ethereum is consistently regarded as being one of the 10 hottest crypto projects on the market. With the network being one of the most decentralized and secure in the industry, Ethereum has become the go-to platform for many developers of decentralized and web3 applications. Through its smart contract capabilities, developers can build their own applications on top of Ethereum, receiving all of the network’s benefits.

A common gripe with Ethereum was that when the network was under heavy demand, transactions would settle very slowly and gas fees (transaction fees) would get incredibly expensive. However, with the rollout of Ethereum 2.0 planned for the near future, this could be about to change. The upgrade will massively increase the network’s throughput by implementing sharding and a proof of stake consensus mechanism.

With ETH 2.0 likely to eliminate many of the issues that were plaguing the Ethereum network, the project could be set to absolutely explode in the coming months, making it one of the best ERC20 tokens to invest in.

Cryptoassets are a highly volatile unregulated investment product. 

4. Chainlink – Bringing Off-Chain Data On-Chain

Chainlink (LINK) is widely touted as being one of the best ERC20 tokens to buy thanks to its impressive list of partnerships and impressive value proposition.

The project was created to allow developers of dApps, NFTs, cryptocurrencies, and everything in-between to take off-chain data and implement it into on-chain projects. This massively opened up what was possible in the world of web3. By allowing a project to interact with off-chain data, the real-world use cases for blockchain-based projects grew significantly helping to cement Chainlink as one of the best long term crypto investments.

With so many projects needing the services offered by Chainlink, the project quickly built up an impressive list of partnerships which includes high-profile projects like Aave, Polkadot, and Cosmos. Few projects can rival Chainlink in terms of partnerships. Although some competing oracle networks have arisen, Chainlink is still number one thanks to its partnerships and first-mover advantage.

Chainlink is one of the best ERC20 tokens to buy today. It’s packed with intrinsic value and has remained strong even during the crypto winter. As more dApps and blockchain projects are created, the demand for Chainlink is likely to skyrocket meaning it could be a worthy pickup.

Cryptoassets are a highly volatile unregulated investment product. 

5. The Sandbox – Popular Metaverse Project

The Sandbox (SAND) is one of the best Metaverse crypto coins on the market. It allows users to enter and explore a virtual world in which they can build just about anything.

In The Sandbox, players are able to buy, sell, and trade tokenized plots of land. When a player owns a piece of land they’re free to build anything they’d like on top of it. The Sandbox provides players with a large number of creative tools allowing them to create P2E experiences, offices, billboards, experiences, and much more.

As there’s a near infinite amount of possibilities, users have plenty of monetization options, with some devoted players even building entire Metaverse-based businesses. With the rate at which the Metaverse is expanding and blockchain technology improving, it seems likely that over time even more complex creations will be made further pushing the boundaries of what is possible in virtual reality.

With the Metaverse being perhaps the most exciting thing to come out of the cryptocurrency industry in recent years, The Sandbox is well deserving of its status as one of the best ERC20 tokens to invest in.

Cryptoassets are a highly volatile unregulated investment product. 

6. DAI – Rapidly Growing Stablecoin

With the recent collapse of Terra and UST along with doubts regarding the collateral owned by USDT, stablecoins have been shrouded in a fair bit of animosity recently. However, DAI (DAI), a stablecoin from Maker DAO could be exactly what the market needs right now.

The reason why DAI is considered by many to be the best ERC20 cryptocurrency stablecoin is its focus on community. The project is managed entirely by the Maker DAO (decentralized autonomous organization). However, rather than a single entity controlling DAI, being a DAO, Maker is run by the community. This means that everyone holding MKR tokens is free to vote on proposals and changes to DAI.

In theory, taking a community-first approach and allowing everyone in the Maker ecosystem to vote on decisions regarding DAI, should ensure that any updates will best serve the tokens users. This could enable DAI to grow and become the go-to stablecoin.

While DAI doesn’t have many functions outside of being a cryptocurrency pegged to the U.S dollar, it fills a very important gap in the crypto market and could prove to be extremely popular in the near future.

7. Uniswap – Leading Decentralized Exchange

Next on our list of the best ERC20 tokens to buy is Uniswap (UNI), a decentralized exchange (DEX), and DeFi platform.

Uniswap quickly built up traction as a decentralized trading platform, thanks to its slick interface and useful features. In the earlier days of cryptocurrency, most DEXs suffered from similar problems, needless complexity, and a lack of liquidity. However, by using automated trading protocols, Uniswap has been able to eliminate these issues to create a far more smooth experience for budding investors.

UNI acts as the exchange’s governance token. Anyone holding UNI tokens can submit and vote on proposals affecting the platform. This allows the community to have the final say on important decisions- similar to DAI.

With Uniswap already being one of the most popular DEXs on the market and demand for its services only growing, this community-driven exchange could prove to be one of the best ERC20 tokens to buy this year.

Cryptoassets are a highly volatile unregulated investment product. 

8. Quant – ERC20 Project Focusing on Interoperability

Quant (QNT) is likely the best ERC20 cryptocurrency in terms of interoperability. The project uses an innovative technology called OverLedger to allow blockchains to interact with one another.

In order to enable interoperability between blockchains, Quant created a distributed ledger operating system called OverLedger. This operating system allows developers to create decentralized applications designed for multi-chain use (otherwise referred to as mApps). If a developer wishes to use OverLedger for a project, they must hold a certain number of QNT tokens, keeping demand high.

Quant has done well to establish a large number of partnerships with key companies within the crypto and tech space, with a couple of the most notable including Oracle and the Digital Pound Foundation. Large-scale partnerships like this highlight both the need for Quant/OverLedger and the cryptocurrency’s status as one of the best ERC-20 tokens to buy.

Cryptoassets are a highly volatile unregulated investment product. 

9. Basic Attention Token – Revolutionizing Browsing and Advertising

Basic Attention Token (BAT) is essentially a blockchain-powered advertising platform. The project is also responsible for creating the popular new web browser Brave.

As the name implies, the Basic Attention Token was created to reward users for their attention. The project eliminates third parties in order to provide advertisers with a better return on their spending. Because users earn money for their time and attention, they’re more likely to engage with advertisements, benefiting themselves, the advertising, and of course, Brave.

Additionally, Brave features ad blocking and privacy-enhancing technology to offer the user a safer browsing experience. While BAT has lacked much in the way of price action recently, the Brave browser and subsequently the IBAT token are gaining more users daily. With the rewards and tools the browser offers, it’s likely to continue picking up traction for the foreseeable future. As such, it’s safe to say that IBAT is up there with the best ERC20 cryptocurrency projects.

Cryptoassets are a highly volatile unregulated investment product. 

10. Nexo – Crypto Loans and Yields

Nexo (NEXO) is a cryptocurrency lending platform that provides users with the ability to get instant fiat loans by using their cryptocurrency as collateral.

Typically, when an investor needs fiat they’re forced to sell their crypto. This transaction is then subject to capital gains tax which can lead to quite a few problems once it’s time to file taxes. However, by taking out a crypto loan, an investor can get fiat using their crypto without being subjected to capital gains tax. This is hugely beneficial for investors as it makes cryptocurrency far more liquid.

On top of providing investors with crypto loans, users lock-up NEXO tokens in order to receive several benefits, including reduced interest rates, a yield on deposited funds, and even dividends from Nexo’s profits. Nexo is typically regarded as being one of the safest crypto loan platforms on the market, helping to make it one of the best ERC20 coins available.

What is the ERC20 Standard?

Otherwise known as Ethereum Request for Comment 20, ERC20 refers to tokens created with the Ethereum blockchain.

As ERC20 tokens share the same benefits as the regular Ethereum network (highly decentralized, great security, etc), the ERC20 standard has become preferred by crypto developers. ERC20 tokens can utilize smart contracts, meaning a massive variety of different applications can be created using the standard.

ERC20 tokens originally came about in the early days of crypto as developers were just finding their feet and building a multitude of projects. However, as there was no set standard for cryptocurrency and tokens were on different networks, it was extremely difficult to trade or exchange tokens outside of a single ecosystem. As such, the need for a single standard became clear and Ethereum and ERC20 rose to prominence.

Today, there are hundreds of different cryptocurrencies that utilize the ERC20 standard. This has made it far easier for projects to collaborate with one another and has allowed users to much more easily trade assets. Outside of the aforementioned projects, some notable examples of the best ERC20 tokens to buy include BNB, Shiba Inu, and USDT.

Are ERC20 Coins a Good Investment?

As is the case with every sector in cryptocurrency, some ERC20 tokens make for excellent investments whereas others will inevitably fizzle out. While it can be hard to judge what the best ERC20 tokens to invest in are, we’ve included a few reasons why ERC tokens can make for a good investment and also provided a way to determine whether a specific ERC20 token has potential.

The Ethereum Blockchain

One of the largest draws to the ERC20 tokens is the Ethereum network. There’s a reason why Ethereum is one of the best cryptos to trade, it’s well-established, decentralized, and highly secure. Combined, these three factors make the Ethereum blockchain ideal for the creation of dApps and web3 projects.

Nobody wants to build a multi-million dollar project using a blockchain that’s susceptible to exploits or network outages. Therefore, Ethereum is the perfect contender. It’s a tried and tested network that hackers have had many years to try and exploit. The fact that Ethereum still remains secure to this day should reassure potential investors about the safety of ERC20-based cryptocurrencies.

Interoperability

The lack of interoperability between blockchains is often cited as being a major factor limiting the mainstream adoption of cryptocurrency. However, ERC20 tokens all operate on the same standard and are therefore far easier to integrate with one another. There is no need for complex protocols to link competing blockchains together, as ERC20 tokens are all built on a similar foundation, they can work together, for the most part, seamlessly.

Whitepaper 

We’ve mentioned a couple of reasons why Ethereum-based tokens can make for excellent investments but it’s also important to understand what makes a good token. The easiest way of gaining an in-depth understanding of a particular project is to look through its whitepaper.

The most important things to double check when reading a whitepaper include:

The Team – Does the team have a good track record of delivering on their promises? If so, that’s an excellent sign.

Realistic Goals – Anyone can write a few pages saying that their project will change the world so it’s important to ensure that a project is clear about not only its goals but how it plans to achieve them.

Utility – Two of the primary driving forces behind the value of a cryptocurrency are buyer sentiment (hype) and intrinsic value (utility). Ideally, the best ERC20 tokens to buy should have both but providing investors with actual utility remains the most important factor.

How to Invest in ERC20 Crypto

Although they use the same standard, when it comes to investing in ERC20 crypto projects the process can differ greatly. So, to ensure there’s no confusion we’ve detailed the entire process below.

Step 1: Register with an Exchange

As it uses the ERC20 standard, in order to purchase TAMA, an investor first needs to buy Ethereum. This can be easily acquired from a regulated exchange like eToro.com or directly from the Tamadoge website using fiat.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

Step 2: Deposit Funds and Buy ETH

Once the eToro account has been created and verified, press ‘Deposit Funds’, decide how much to invest, and press ‘Deposit’. The funds should arrive quickly but first-time deposits do tend to take a short while longer. After the funds have arrived, enter ‘ETH’ into the search bar, press ‘Trade’, decide how much Ether to purchase, and lastly press ‘Open Trade’.

Step 3: Create MetaMask Wallet and Withdraw ETH

To purchase tokens from the Tamadoge presale a crypto wallet is required. To create one, head over to MetaMask and download either the browser extension or mobile app, and follow the on-screen instructions. Next, double-check that the wallet is set to the Ethereum network and withdraw the ETH from eToro to MetaMask using the eToro Money Wallet.

Step 4: Connect Wallet and Buy TAMA

Once the ETH has arrived in MetaMask, head over to the Tamadoge presale website, press the yellow ‘Connect Wallet’ button, select MetaMask, and confirm the connection on the wallet. Then, press ‘Buy Tamadoge’, choose how many TAMA tokens to buy (1000 minimum), and press ‘Convert ETH’. As soon as the presale concludes during Q4 2022, the tokens will be available to claim on the Tamadoge website.

Conclusion

Throughout this guide, we’ve looked at 10 of the best ERC20 tokens to buy. Each project we’ve discussed offers a good amount of utility and potential but two stood out from the crowd.

Tamadoge is an upcoming utility-centric meme coin that has proven to be a massive hit with investors. It centers around a casual P2E game that could grow to become one of the largest crypto games on the market. NFT competitions platform Lucky Block provides users with the chance to win huge prizes all while receiving daily rewards simply for holding an NFT. Both projects offer a lot in the way of utility and are well worth checking out using the links below.

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