Best ERC20 Tokens to Buy in 2024

More than 450,000 ERC20 tokens have been built on the Ethereum network. While most do not trade on crypto exchanges, thousands do.

In this guide, we explore the best ERC20 tokens to buy in 2024. Read on to discover the 10 best ERC20 cryptocurrency projects in today’s market.

A Closer Look at the Best ERC20 Crypto Coins to Buy

Many ERC20 tokens have a small market capitalization, meaning that the risk-reward spectrum is increased. Moreover, ERC20 tokens do not have their own proprietary blockchain, as they are built on the Ethereum network.

As such, investors should conduct thorough research before proceeding. Read on and discover our analysis of the 10 best ERC20 tokens to invest in.

1. AiDoge ($AI) – Overall Best ERC20 Token to Buy

Looking to invest in one of the best ERC20 crypto projects before it’s listed on an exchange? If so, check out the ongoing AiDoge presale – which has already raised over $11 million. Do note that the hard cap is $14.9 million, so its presale allocation is expected to sell in the coming days.

Nonetheless, AiDoge continues to build hype in the crypto community, not least because it has developed a ‘meme generation’ tool. Put simply, users type in some text, and within seconds, AiDoge will create a unique meme. For example “Create a meme about only having one more day left at work before going on a two-week vacation“. The AiDoge tool, built on artificial intelligence, will then generate a suitable meme with an image.

Do note that its meme generation tool is still in development. And as such, investors should consider the risks that this presents. Moreover, AiDoge has no price history, as it is yet to list on exchanges. That said, the increased risk is reflected in the current presale price on offer.

Having examined the AiDoge whitepaper, we came across many unique features. For example, AiDoge has built a revenue model that ensures its platform operates self-sufficiently. In a nutshell, users must buy credits before they can create memes. Ai, the project’s native ERC20 token, is the only accepted payment method. This use-case gives people a reason to buy Ai tokens other than for investment purposes.

This is very important in the crypto space, considering how overstated it has become. Another unique feature is that AiDoge memes operate on the blockchain. This is because memes are backed by NFTs, following the ERC721 standard. This is the NFT standard operating on the Ethereum network. And as such, AiDoge users can prove they own the memes they generate.

The AiDoge whitepaper also discusses its ‘public wall’ feature. This enables the AiDoge community to vote on their favorite memes. Those with the most votes will appear on the AiDoge website, with the meme creators receiving rewards. Moreover, rewards can be earned when staking Ai tokens. These are paid in AiDoge credits.

Back to the presale, Ai tokens are currently being sold for $0.000032. This offers a marginal discount from the exchange listing price, confirmed at $0.0000336. The AiDoge presale accepts ETH, USDT, and BNB. We found that credit cards are also accepted, but KYC is required. Finally, investors looking for real-time updates about the presale can join the AiDoge Telegram group.

2. yPredict (YPRED) – Decentralized Marketplace for Crypto Predictive Models and Data Insights   

yPredict is one of the latest ERC20 token projects to capitalize on the advancements of machine learning and artificial intelligence. Through these technologies, yPredict offers a decentralized marketplace for predictive models. Built by quant traders and data scientists, these predictive models provide data insights on the crypto markets. In other words, no longer do traders need to spend hours deciding on their next move.

Instead, yPredict predictive models enable traders to automate their research processes. For example, some predictive models offer crypto trading signals. Just like traditional signals, these are trading suggestions that tell users which crypto pairs to buy or sell, and at what price. However, yPredict signals are compiled through artificial intelligence. Moreover, yPredict signals must be vetted by the project’s DAO before being approved.

This is a transparent process that ensures the signals generate consistent gains. If they do, the predictive model will be posted on the yPredict marketplace. This enables the general public to buy the model via a subscription. Crucially, payment for the subscription must be made in YPRED. This is the native ERC20 token backing the yPredict ecosystem.

Not only does YPRED have a use case as a payment currency but it is also one of the best staking coins. When staking YPRED, this entitles investors to a share of predictive model revenues. Put simply, 10% of all sales are distributed proportionately to stakers. This enables stakers to directly benefit from the project’s success.

Moreover, those buying YPRED today can secure a huge presale discount. This is because, after the presale, YPRED will be listed on crypto exchanges at $0.12. But in the meantime, those investing today will pay just $0.07. That’s a presale discount of 40%. Currently, the yPredict presale is in stage five and has raised over $1.5 million. Once the presale finishes, yPredict will have a market capitalization of just $6.5 million.

3. Ecoterra (ECOTERRA) – Recycling Ecosystem With Tokenized Rewards and a Raw Materials Marketplace 

Ecoterra is the best ERC20 cryptocurrency project to revolutionize the global recycling industry. Crucially, Ethereum is the ideal blockchain for this project, considering its ‘Merge’ has reduced the network’s energy consumption and carbon footprint by over 99%. In terms of the concept, Ecoterra is building a ‘recycle-to-earn’ ecosystem.

This means that users are rewarded for their recycling efforts. This is achieved through Web 3.0 technologies, including Ethereum smart contracts. For example, when depositing consumed glass, plastics, and other recyclables, the transaction is recorded on the blockchain. Then, a smart contract will be deployed to transfer ECOTERRA tokens to the user.

Ecoterra is also developing a user-friendly app. This will enable users to track and spend their recycling rewards. ECOTERRA tokens can be used for staking, buying environmentally-friendly items, and investing in pre-vetted green projects. Although Ecoterra’s recycle-to-earn concept is already trending, this ERC20 token is still in presale. More than $4 million has been raised, and investors can still secure a presale discount.

4. Deelance (DLANCE) – Blockchain Ecosystem Connecting Freelancers With Recruiters   

We also like the blockchain-based ecosystem being developed by Deelance. This ERC20 project is building a decentralized marketplace for recruiters and freelancers. All payments within the Deelance ecosystem are made in DLANCE. This ensures that both recruiters and freelancers benefit from low fees and fast transaction times.

Moreover, working agreements are secured by immutable smart contracts. As soon as the work is approved by the recruiter, the smart contract will transfer DLANCE tokens to the freelancer. We also like that Deelance is a lot more competitive than the market average. For example, Deelance charges recruiters just 2% to post a job. In contrast, Fiverr charges 5.5%.

Another core feature of Deelance is its metaverse. This will enable freelancers to work in a virtual environment and even buy a metaverse office. All virtual real estate in the Deelance metaverse is backed by Ethereum-based NFTs. Deelance recently launched its presale, so those investing today will secure a huge discount. While DLANCE will eventually be listed on exchanges at $0.057, the current presale price is just $0.033.

5. Launchpad (LPX) – Web 3.0 Market Insights and Exclusive Access to New Investments 

Launchpad is a brand-new ERC20 project that is developing the future of Web 3.0 investing. Its platform offers consumers real-time market insights that are easy to understand. For example, Launchpad highlights the best emerging cryptocurrencies to buy, alongside a risk-reward score. This enables crypto notices to make informed decisions no matter their prior experience. What’s more, Launchpad is also building an artificial intelligence tool. This enables users to enter search queries to find suitable Web 3.0 investments.

For example, “Give me a list of the next cryptocurrencies to explode“. That said, the most impressive features on Launchpad are only available to those staking its native token, LPX. This includes access to exclusive presales and NFTs, not to mention fractionized assets like real estate. By staking LPX, users will also have access to metaverse experiences and be able to test-drive new play-to-earn games. Launchpad has just commenced its presale. More than $500,000 has already been raised, and currently, LPX is being sold for just $0.0445.

6. Decentraland (MANA) – Popular Metaverse Ecosystem Supporting Virtual Real Estate Investments

Decentraland is an established blockchain project spearheading the growth of the metaverse. It is best known for its virtual real estate plots, some of which have sold for seven-figure sums. To date, one of the largest land sales in Decentraland was made by Tokens.com. According to Reuters, the metaverse plot sold for $2.4 million. All Decentraland transactions are conducted in its native ERC20 token, MANA.

This ensures MANA has real-world utility. MANA went on a huge run during the previous bull market but has since declined considerably. For instance, MANA peaked in late 2021 with a market capitalization of $9 billion. Currently, MANA is trading under $1 billion. Even so, MANA is up over 1,700% since it was launched in 2017.

7. Arbitrum (ARB) – Layer 2 Solution for Ethereum

Arbitrum is also one of the best ERC20 tokens to buy right now. First and foremost, Arbitrum is a layer 2 solution for Ethereum. This means ERC20 tokens can ‘bridge’ to Arbitrum to secure faster and more scalable transactions. Bridging to Arbitrum also warrants significantly lower fees. Arbitrum achieves this by keeping the vast majority of computational requirements off-chain.

Although Arbitrum has its own proprietary network, its native token, ARB, still operates on the ERC20 standard. In terms of pricing performance, ARB was only listed on exchanges in March 2023. Since then, ARB has lost over 90% of its value. That said, over 220 projects have bridged to Arbitrum, so the fundamentals remain strong. Ultimately, this could be one of the best ERC20 tokens to buy at a discount.

8. Uniswap (UNI) – Largest Decentralized Exchange for ERC20 Trading

Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain. It is the largest DEX in the market, with more than $440 million worth of trades in the prior 24 hours. Uniswap enables traders to swap ERC20 tokens without a third party. This reduces fees and avoids the need to have a seller at the other end of the position. Moreover, Uniswap also supports passive income tools.

Users depositing tokens into a Uniswap liquidity pool will earn interest. This derives from the trading fees collected by the pool. The ERC20 token backing Uniswap, UNI, enables holders to vote in key governance decisions. UNI tokens also offer exposure to the future of this DEX. Currently, Uniswap has a market capitalization of approximately $3 billion.

9. Shiba Inu (SHIB) – Popular Meme Coin Building Use Cases for Real-World Utility

Shiba Inu is one of the best meme coins in the market. This ERC20 token was launched in 2020 and has since generated unprecedented returns. According to CoinMarketCap, Shiba Inu has increased in value by over 642,000%. That said, Shiba Inu is trading a huge bear market discount. For instance, while it has a current market capitalization of $5 billion, Shiba Inu was valued at over $40 billion in 2021.

Not only does this offer an attractive entry price but Shiba Inu is building actual use cases for its ERC20 token, SHIB. For example, the project is developing a metaverse that enables SHIB holders to buy virtual plots of land. Moreover, Shiba Inu has also built a decentralized exchange.

10. Aave (AAVE) – Decentralized Liquidity Protocol With Smart Contract-Based Earning Tools

Aave is another leading decentralized finance product built on the Ethereum blockchain. It specializes in liquidity pools, enabling investors to earn passive income on idle tokens. Crucially, Aave never touches investor funds, as liquidity pools are backed by smart contracts. Furthermore, Aave does not require investors to open an account.

Instead, the process simply requires investors to connect their wallets to the Aave ecosystem. While Aave is an ERC20 project, it also supports chain-cross services. This includes Avalanche, Optimism, Arbitrum, and Polygon. The ERC20 token backing the project, AAVE, currently has a market capitalization of just under $1 billion. This is down significantly from its former all-time high of over $7.5 billion.

What is an ERC20 Token?

ERC20 tokens refer to cryptocurrencies that are built on top of the Ethereum blockchain. According to BitPay, there are over 450,000 ERC20 tokens in existence. However, the vast majority of these tokens operate outside of the trading markets. That said, there are still thousands of ERC20 tokens listed on exchanges, offering plenty of options for value investors.

Although ERC20 projects have their own native token, transactions go through the Ethereum network. This means that fees need to be paid in ETH, Ethereum’s proprietary cryptocurrency. Nonetheless, Ethereum’s framework ensures that transactions are processed quickly and securely. Additionally, ERC20 tokens can leverage Ethereum’s support for smart contracts.

This enables ERC20 projects to develop decentralized applications. For example, the Uniswap exchange supports decentralized token swaps without requiring third parties. Instead, all token swaps are processed by Ethereum smart contracts. This is also the case with AiDoge. Every time its AI-based tool creates a meme, this executes a smart contract.

Similarly, when investors deposit tokens in an Aave liquidity pool, this also warrants a smart contract transaction. ERC20 projects also have access to Ethereum-based NFTs. Known as ERC721 tokens, NFTs enable users to verify ownership of a unique item. For example, AiDoge memes can be backed by NFTs, meaning that the original creator is protected from copyright breaches.

Why Invest in ERC20 Coins?

Discussed below are some of the reasons why ERC20 tokens remain popular with investors.

Access to New Cryptocurrency Projects 

While some ERC20 tokens (eg. Uniswap and Shiba Inu) are multi-billion dollar projects, the vast majority are yet to establish themselves. This offers an opportunity to invest in an ERC20 project before it takes off. For instance, we mentioned earlier that those investing in Shiba Inu in 2020 are now looking at gains of over 642,000%.

Having explored the market extensively, one of the best new ERC20 tokens right now is AiDoge. As noted above, this presale project is developing a meme generation tool that is backed by artificial intelligence. Its presale campaign has already raised over $11 million, so it’s quickly closing in on its hard cap target of $14.9 million.

Additionally, yPredict is also a new ERC20 project raising funds from presale investors. The project is developing a marketplace for quant traders and data scientists to sell their predictive models. As such, its native ERC20 token, YPRED, is worth keeping an eye on.

Smart Contract Functionality 

A major benefit for ERC20 tokens is that they have access to Ethereum’s full suite of products. At the forefront of this is smart contracts.

As noted earlier, smart contracts enable ERC20 projects to deploy trustless agreements. In other words, ecosystems can operate autonomously without any human intervention.

For example, Deelance – a new ERC20 project revolutionizing the freelance industry, uses smart contracts to settle payments. This means that tokens are transferred to freelancers automatically once the client approves the submitted work.

NFTs 

In addition to smart contracts, the best ERC20 tokens have access to Ethereum-based NFTs. This enables projects to provide their users with verifiable ownership of goods.

For example, the Deelance metaverse will enable users to buy virtual office spaces. And each purchase is backed by an NFT on the Ethereum blockchain.

In turn, not only does this prove ownership but it enables the user to sell their plot of land with ease.

Bear Market Discounts 

Some of the best ERC20 tokens to buy are trading at huge declines from their previous all-time highs. This is because the crypto markets move in bullish and bearish markets, just like stocks.

Currently, we are still in a bear market. As such, many ERC20 tokens can be purchased at a discount. For example, we mentioned earlier that Decentraland was valued at $9 billion during the last bull market. But today, Decentraland is valued at under $1 billion. This means investors can secure a 90% discount.

Are ERC20 Tokens Safe to Buy?

Investors should remember the risks associated with ERC20 tokens. Like all cryptocurrencies, the value of ERC20 tokens will rise and fall. This is determined by market forces based on demand and supply.

For example, Shiba Inu was able to go from a new presale project in mid-2020 to a multi-billion dollar market leader within a year. This is because Shiba Inu was able to create hype, which led to unprecedented demand for its ERC20 token, SHIB.

At the other end of the spectrum, there are many ERC20 tokens that have failed. This leaves investors holding worthless tokens. Comprehensive research and due diligence will enable investors to reduce the risk of this happening. For example, consider how innovative the ERC20 project is and whether the tokens have a use case.

Furthermore, investors should consider diversifying across a wide range of ERC20 tokens. For example, instead of investing $1,000 in one ERC20 project, this could be split into $200 investments across five different tokens.

Things to Consider Before Buying ERC20 Tokens

Before adding ERC20 tokens to an investment portfolio, be sure to consider the following key takeaways:

• Although ERC20 projects benefit from fast transactions, fees are still high. This is currently averaging $3.65 but is often much higher during busy periods. As such, this makes micro-transactions unviable.
• That said, some of the best ERC20 tokens to buy, including AiDoge, Uniswap, and Tether, have bridged to Arbitrum. This not only reduces fees significantly but also increases scalability.
• Investors should also remember that anyone can create an ERC20 token. This has resulted in an oversaturated market, making it more difficult to find the best ERC20 tokens to buy. As noted earlier, investors can mitigate this risk through diversification and independent research.
• After buying ERC20 tokens, investors will need to ensure they have a safe wallet to store them. Metamask is popular for sending, receiving, and storing ERC20 tokens, but many other options exist. Just make sure the chosen wallet is user-friendly and packed with security features.

In addition to the above, many ERC20 tokens have a small market capitalization. While this offers a greater upside for investors, this can also result in liquidity issues. This increases the difficulty of selling an ERC20 at a favorable market price.

Ultimately, ERC20 tokens are appealing for many reasons, but investors should consider the risk of loss before proceeding.

How to Buy ERC20 Cryptos

Looking to build a portfolio of the best ERC20 coins? Read on to learn how to buy AiDoge; a brand-new ERC20 crypto project currently in presale.

Step 1: Get a Wallet That Supports ERC-20 Tokens

First, investors need to obtain a crypto wallet that supports the ERC-20 standard. With over 30 million users, Metamask is one of the best options in the market.

Visit the Metamask website, click the ‘Download’ button, and choose the preferred device type. Metamask supports browser extensions for Chrome, Firefox, and Edge – as well as an iOS/Android app.

Once downloaded, open Metamask and follow the on-screen instructions to set it up.

Step 2: Add Ethereum to Metamask

The easiest way to buy AiDoge tokens during the presale is with Ethereum. After all, AiDoge is an ERC20 token, so exchanging the two is seamless.

Those without Ethereum tokens to hand can buy some via an exchange like Binance. Then, transfer the Ethereum tokens to Metamask.

The chosen crypto exchange will ask for the destination wallet address. This can be found in Metamask underneath ‘Account 1’. Simply paste in the address and confirm the transaction.

Step 3: Set up the Presale Order

Next, visit the AiDoge website. On the right-hand side of the homepage is the presale order box.

Select ‘ETH’ as the payment currency. Then, type in the number of ETH tokens to swap for AiDoge.

In our example above, we are investing 0.28 ETH. This converts to over 15 million AiDoge tokens.

Step 4: Buy AiDoge Tokens 

Now click on the ‘Buy Now’ button and select ‘Metamask’.

Open Metamask on the same device and confirm the presale investment. Metamask will then transfer the ETH tokens to AiDoge.

Return to the AiDoge website after the presale. Within seven days, the ERC20 tokens will be available to claim. AiDoge will then transfer the tokens to Metamask.

Conclusion

Built on the Ethereum blockchain, there are now thousands of ERC20 tokens to choose from. While this makes it challenging to find the next ERC20 cryptocurrency to explode, there are plenty of solid options in the market.

At the forefront of this is AiDoge, a new ERC20 project currently in presale. AiDoge is building a blockchain-based tool that allows users to create memes with text prompts.

Just like Ethereum’s presale of 2014, AiDoge’s native token can be purchased at an early-bird discount. But do note that more than $11 million has been raised so far, so the presale could sell out in the coming days.

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