12 Best ERC20 Tokens to Buy in 2024

With the Ethereum network continuing to grow and expand, ERC20 tokens have been high on investors’ priority lists. From metaverse-based tokens to DeFi innovators, the 12 best ERC20 tokens on this list seem ready to explode in 2024. In this article, you’ll discover why you should consider investing in these 12 ERC20 tokens and learn which could be your best investment yet.

What Are ERC20 Tokens?

ERC20 tokens are a type of digital asset created and hosted on the Ethereum network. ERC20 is the technical standard that outlines the rules and guidelines for creating Ethereum-based tokens. These tokens are fungible, meaning they can be traded and exchanged for one another at the same value.

ERC20 tokens have become incredibly popular due to their flexibility and versatility. They can represent various types of assets, including cryptocurrencies, stocks, and fiat currencies. Moreover, they can be programmed to execute specific functions through smart contracts, leading to some incredible projects in the Ethereum ecosystem.

ERC20 tokens have become the backbone of many decentralized applications (dApps), like decentralized exchanges (DEXes), prediction markets, play-to-earn (P2E) games, and more. One of their most notable uses is in decentralized finance (DeFi), which has led to the creation of various financial instruments and services that were previously impossible or expensive to offer on the blockchain.

What are the best ERC20 tokens in 2024?

Here is an overview of the best ERC20 tokens to add to your portfolio in 2024.

Featured Coins:

1. Solciety (SLCTY)
2. Bitcoin Dogs (0DOG)
3. Pepe (PEPE)
4. Bitbot (BITBOT)
5. Chancer (CHANCER)
6. AltSignals (ASI)
7. Metacade (MCADE)
8. Chainlink (LINK)
9. MakerDAO (MKR)
10. Uniswap (UNI)
11. The Sandbox (SAND)
12. ApeCoin (APE)

1. Solciety (SLCTY) – Harnessing PolitiFi and Solana meme coin magic

What is Solciety?

Solciety is here to unite degens under their disdain for the political status quo and their love of dank memes. It presents itself as the degen political party that prioritizes gains over defense spending.

Why invest in Solciety?

Solciety recently launched a quickfire 30-day presale, with price increases every 72 hours. SLCTY tokens launched at $0.0015 and will climb to $0.0040, offering investors 169% in token price appreciation. Powering Solciety’s rise into the upper echelons of political discourse in this year of worldwide election madness are three powerful forces.

The two niches Solciety currently straddles – PolitiFi and Solana meme coins – have been on fire lately. Supercharged by US election buzz, PolitiFi tokens have exploded from practically zero to over $1 billion in market cap in under 6 months, with tokens like MAGA and Super Trump pumping by as much as +7000% and +1200% in 2024 alone. With the US election drama getting madder by the day, the accompanying PR brings more and more attention to the blossoming PolitiFi space, in turn, pumping token prices. When the US goes to the polls in November, who knows how big PolitiFi’s market cap will be.

Meanwhile, Solana meme coins have been one of 2024’s biggest narratives and have been pumping at twice the pace of ERC-20 meme coins. Big names like Bonk, dogwifhat, and Myro have been offering gains of as much as +6,000%, +7,000%, and +20,000%, respectively, over the last 6 months or so. Solciety – as the name might suggest – is ready to harness this trend.

Supporting these trends is Solciety’s ingenious product – a parody meme creation tool. The Meme campaigner invites degens to create political parody memes and pump them out across degen chat rooms and the far corners of crypto Twitter for the chance to earn SLCTY in the process, thereby baking virality into the product.

2. Bitcoin Dogs (0DOG) – Blazing new trails in 2024

What is Bitcoin Dogs?

Bitcoin Dogs is a pioneering play-to-earn project where participants raise, train, and compete with digital canines in an immersive blockchain-based ecosystem. While technically not an ERC20 token, Bitcoin Dogs introduces a groundbreaking approach to token presales, bridging the Ethereum and Bitcoin ecosystems in a way that commands attention.

At the core of Bitcoin Dogs’ allure is its presale, which shatters conventional boundaries by minting its entire token supply on BRC20—the Bitcoin blockchain’s token standard—while still facilitating purchases through the familiar ERC20 format.

Why invest in Bitcoin Dogs?

The presale window is a ticking clock, a once-in-a-lifetime chance that amplifies the FOMO. With only 30 days to get in, the exclusivity of the Bitcoin Dogs presale adds a layer of urgency for investors looking to capitalize on groundbreaking tech before it hits the mainstream, potentially exploding over 1,000x.

For those vested in the ERC20 token space, Bitcoin Dogs presents an irresistible call to action. It’s not just about being part of a pioneering project; it’s about seizing a strategic position in a venture that bridges the best of Ethereum and Bitcoin.

3. Pepe (PEPE) – One of the most successful ERC20 meme projects

What is Pepe Coin?

Pepe Coin (PEPE) is undoubtedly one of the most successful ERC20 meme tokens to date. The meme project launched in April 2023 and quickly amassed a market cap of over $1 billion in just days after launching. 

Like most meme coins, Pepe coin was launched to generate hype and provide early investors with phenomenal returns. The coin is based off of the infamous Pepe the frog meme and has seen multiple spin-off projects created after its success – including Pepe Unchained and Evil Pepe.

Why invest in Pepe Coin?

At the time of writing, Pepe coin has a market cap of over $3 billion and ranks number 24 on Coinmarketcap. It is by far one of the most successful ERC20 meme coins to date and continues to gain encouraging support and enthusiasm from its community.

As one of the most popular meme projects, PePe coin is in a strong position to do well during the next altcoin season. Considering Doge’s market cap of $21 billion, Pepe coin still has a lot of room for growth.

4. Bitbot (BITBOT) – the world’s first self-custodial Telegram trading bot

What is Bitbot?

Bitbot, an AI-powered bot, which operates seamlessly within the Telegram environment, stands out for its innovative approach to cryptocurrency trading, offering unique advantages to ERC20 token enthusiasts.

Bitbot’s integration into Telegram allows for a secure and efficient trading experience, directly addressing the priorities of ERC20 token investors who value security and practicality in their transactions. This bot’s utilization of advanced AI technology not only enhances the trading process but also optimizes investment strategies for ERC20 tokens, potentially leading to improved returns.

With just a few clicks, users can set up a new custodial wallet, with the option to create up to three free wallets. This ease of access, combined with Bitbot’s robust security measures and community-centric features, positions it as a leading choice for traders and investors navigating the intricate world of cryptocurrency.

Why invest in Bitbot?

$BITBOT stands out as a top ERC-20 pick for 2024 due to its innovative integration with Telegram, allowing users to trade cryptocurrencies directly via text commands. This user-friendly approach democratizes trading, making it accessible and efficient.

Furthermore, $BITBOT emphasizes decentralization and security, addressing common concerns in the crypto trading bot market. These features, combined with a focus on preventing unauthorized access to user funds, position $BITBOT as a promising investment in a bullish crypto market.

Its potential for growth is underscored by the broader trend towards automation and the increasing popularity of trading bots.

5. Chancer (CHANCER) — Revolutionizing the betting industry

What is Chancer?

Chancer is the world’s first blockchain-based decentralized predictive markets app. Chancer aims to revolutionize the betting and gambling industry by removing the need for a bookmaker or house entirely. Chancer is a betting facilitator that allows people to make peer-to-peer (P2P) so the odds are equal and never stacked against users. Any type of bet can be made, from a small bet among friends, to viral bets on huge events such as the Superbowl or the Oscars. Unlike traditional bookies, bets aren’t limited to just sports.

All bets and pay-outs are made in Chancer’s native token, CHANCER. Additionally, users can earn CHANCER simply by using the platform and placing bets, presenting users with a great opportunity to earn a passive income. The rewards don’t stop there; users can get discounts on bets, making it cost-efficient for frequent bettors.

Why invest in Chancer?

CHANCER has great utility as a token as it fuels Chancer’s entire platform. Given that the size of the betting and gambling industry was worth an eye-watering $64 billion last year, there’s a real chance that Chancer will disrupt the market and take a sizeable chunk of it through its democratized, decentralized platform that puts bettors first. This makes Chancer a great investment with lots of potential for both betting and crypto enthusiasts.

6. AltSignals (ASI) – AI-Trading Token Making a Splash

What is AltSignals?

AltSignals is one of the crypto market’s leading signal providers, producing over 1,500 trading calls since 2017. It’s established itself as a highly-reputed and trusted platform over the years, consistently generating 100%+ returns across many of its signals each month and earning a 4.9/5 star rating on its Trustpilot page. AltSignals has achieved this through its team of veteran traders and the AltAlgo™ algorithm, a cutting-edge tool developed in-house by its trading experts.

Now, AltSignals is taking its service to the next level with the ActualizeAI algorithm and its new token, ASI. ActualizeAI is effectively AltAlgo™ 2.0, combining the best assets of its existing algorithm with the most advanced AI technology. It’ll leverage features like machine learning, sentiment analysis, natural language processing, and predictive modeling to offer even more profit-making opportunities to its users, aiming to take AltSignals’ win rate from 64% to 80%+.

Why Invest In AltSignals?

Investing in ASI could be an excellent idea if you’re looking for a utility token that offers gains in more ways than one. ASI will be necessary to access the ActualizeAI algorithm, with investors picking up more than 50,000 tokens being granted lifetime access once it goes live. ASI investors are not only exposed to price appreciation in the platform’s native token but will also be given exclusive access to some of the industry’s best signals.

ASI holders will also be granted access to the AI Members Club, giving them further opportunities to earn. Here, members can offer feedback on the latest updates, participate in product testing, and work closely with the AltSignals development team while earning additional ASI for their efforts.

As traders earn more ASI, they’re able to access more advanced features of the ecosystem, further boosting their profit potential. For example, it may unlock exclusive presale opportunities identified by ActualizeAI’s sentiment analysis capabilities, allowing ASI holders to get in early before these presales blow up and soar in price. There’s even a 3-5 year buyback and burn plan for ASI, which will have a deflationary effect on the token’s price and promote price appreciation.

7. Metacade (MCADE) – Transforming the Play-to-Earn Landscape

What is Metacade?

Metacade is an exciting new ERC20 token that promises to transform the P2E landscape. It’s a community hub where gamers, crypto investors, and developers can come together to explore the bubbling GameFi space. They can discuss the latest tips and tricks in dedicated sub-forums, earn MCADE tokens for sharing their thoughts on the latest titles, and even influence the direction of the industry through the Metagrant scheme.

At its core, Metacade is the unifying platform that links all blockchain-based games together, offering players a one-stop shop for all things P2E. Its goal is to create a self-sustaining, revenue-generating community that supports the very best in GameFi innovation while offering players outstanding value and helping them find their edge in P2E.

Why Invest In Metacade?

Metacade was a standout performer in its presale earlier in 2023, racking up over $15 million in MCADE token sales and securing listings on leading exchanges like Bitget and BitMart. Many investors cite the Metagrant program as one of the most exciting features. Metagrants allow developers to submit game proposals to a competition. MCADE holders then vote on which games they believe deserve to win funding from the Metacade treasury, with the winner receiving financing and the community’s support.

This feature has the potential to put Metacade on the map. It not only incentivizes developers to create new games on the platform but also creates a community-driven decision-making process. This helps to ensure that the next wave of P2E titles is aligned with the interests of the gamers actually playing the titles – something that’s desperately needed in the current GameFi landscape.

It’s also worth considering the projected growth of GameFi as a whole. In early 2022, Crypto.com released a report that projected that GameFi would grow at a rate of 100% each year, 10x faster than traditional gaming, and become a $50 billion market by 2025. When a big name like Crypto.com makes a prediction like that, it’s worth paying attention. If correct, then Metacade could quickly explode as players rush to find a community to call home.

8. Chainlink (LINK) – The Leading Decentralized Oracle for Smart Contract Enabled Tokens

What is Chainlink?

Chainlink is a decentralized oracle network that provides reliable and secure connections between smart contracts and off-chain data sources. It allows smart contracts to access data from the outside world, like financial metrics and weather reports, making it possible to create dApps that use real-world data.

The Chainlink network uses a unique decentralized node architecture that allows it to retrieve data from multiple sources, ensuring that on-chain data used by smart contracts is verifiable and accurate. Chainlink has seen high demand amongst various DeFi protocols, like Synthetix, AAVE, Compound, and dozens of others.

Why Invest In Chainlink?

One of the main reasons to invest in Chainlink is its status as the go-to oracle network for the entire blockchain industry. With over 1,700 partnerships and integrations with major players in the crypto space and beyond, including SWIFT, Google Cloud, and Associated Press (Chainlink Ecosystem), Chainlink has positioned itself as the leading oracle solution for anyone looking to bring off-chain data on-chain.

Above all else, Chainlink has consistently proven itself highly secure and reliable, becoming the industry’s most well-respected and widely used oracle network. As enterprises adopt blockchain technology, Chainlink will likely be the oracle of choice for many major players. As such, its growth potential is tremendous, which is why it’s one of the best ERC20 tokens to invest in.

9. MakerDAO (MKR) – The Most Stable DeFi Project

What is MakerDAO?

MakerDAO is a DeFi protocol that allows users to create and manage stablecoins on the Ethereum blockchain. Sometimes termed “the central bank of crypto,” Maker was one of the earliest entrants in the DeFi space and has set the technical standard for DeFi stability and security. It allows users to borrow a stablecoin, DAI, in return for other cryptocurrencies, like ETH or BTC.

Maker has stayed in the game thanks to its stringent borrower over-collateralization requirements and unique system of maintaining DAI’s peg with the US dollar. DAI is backed up by a broad range of assets, including US treasuries and USDC, and is itself over-collateralized, meaning the collateral behind DAI is worth more than the total DAI in circulation.

Why Invest In MakerDAO?

There are many reasons to invest in Maker, not least its first-mover advantage and reputation as one of the safest and most advanced DeFi protocols. Maker’s developers have continually worked to upgrade and enhance the stability of the protocol, which has helped to drive significant adoption.

This can be seen when looking at some key figures. At the peak of the crypto market in 2021, Maker’s total value locked (TVL) sat just shy of $20 billion, according to DeFiLlama. Even in today’s bear market, it still has a TVL of $7.04 billion, accounting for around 13.6% of the entire TVL in the DeFi market. Overall, MakerDAO is an exceptional DeFi project and deserves a place in any ERC20 crypto portfolio.

10. Uniswap (UNI) – The Top Decentralized Exchange

What is Uniswap?

Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain. It enables users to swap ERC20 tokens directly from their Ethereum wallets without the need for a centralized crypto exchange. Uniswap uses an automated market maker (AMM) model, which relies on smart contracts to facilitate trades based on supply and demand.

Instead of a centralized order book, Uniswap uses liquidity pools. Users can lock up their tokens in these liquidity pools for others to trade with, with liquidity providers earning a passive income through the pool’s trading fees.

Why Invest In Uniswap?

One reason to invest in Uniswap is its position as the leading decentralized exchange. Decentralized exchanges have experienced explosive growth in recent years, driven by the increasing adoption of decentralized finance (DeFi) protocols and a desire to have more control over funds. As the web and crypto trading becomes more decentralized, the demand for DEXes like Uniswap is expected to increase significantly.

Unlike centralized exchanges, users don’t need anyone’s permission to create a trading pair. This means that anyone can list their tokens, likely well before they reach centralized exchanges. Consequently, users will find thousands of tokens not yet available anywhere else on Uniswap, giving it a level of exclusivity that drives crypto investors to the platform and pushes the price of UNI tokens higher.

11. The Sandbox (SAND) – The Face of the Crypto Metaverse

What is The Sandbox?

The Sandbox is a virtual world built on the Ethereum network that allows users to create, share, and monetize their gaming experiences. At the heart of The Sandbox is LAND, parcels of digital real estate stored on the Ethereum blockchain as non-fungible tokens (NFTs). Users can purchase LAND and use the project’s native world-building tools, VoxEdit and the Game Maker, to build whatever they like and earn money from their creations.

For example, users can build advanced objects, like cars or art, and mint ASSET NFTs corresponding to these objects. They can then sell these ASSETs in The Sandbox’s marketplace for SAND tokens. Or, they can build entire games, complete with quests, enemies, and immersive storylines, and charge others a small fee to play their creation.

Why Invest In The Sandbox?

As one of the most advanced virtual world-based crypto projects out there, The Sandbox could potentially disrupt the gaming industry by providing a decentralized platform for content creation and monetization. By allowing users to create their games and sell their assets and experiences, The Sandbox empowers creators to profit from their creativity directly.

Moreover, The Sandbox’s potential has been ratified by a number of big-name partnerships. Gucci, HSBC, Snoop Dogg, The Walking Dead, and Warner Music Group have entered the metaverse using The Sandbox. In turn, this has only helped to cement The Sandbox’s reputation and offer it exposure to a broad audience. In the future, The Sandbox may be able to continue leveraging its partnerships to drive adoption and boost the value of SAND.

12. ApeCoin (APE) – Fungible Tokens Pioneer and Powering One of the Most Ambitious Metaverses Yet

What is ApeCoin?

ApeCoin is the native utility token of the Ape ecosystem – an all-encompassing world of games, events, services, and more. It was built to support the development of a decentralized web and created by Yuga Labs following the record-setting success of its flagship NFT project, Bored Ape Yacht Club.

ApeCoin also functions as the governance token of the ApeCoin DAO, a decentralized autonomous organization that enables users to determine how the project’s funds are spent and vote on proposals related to the project. Despite being one of the youngest Ethereum-based tokens on this list, ApeCoin has found use in a wide range of settings, from payments to games like Benji Bananas and Dookie Dash.

Why Invest In ApeCoin?

One of the biggest reasons to consider investing in ApeCoin is the development of Otherside, Yuga’s ambitious metaverse project. Otherside will allow players to turn their NFTs into playable characters in an immersive digital landscape. It’s being built in collaboration with Animoca Brands, The Sandbox’s parent company, and Improbable, a company specializing in metaverse and Web3 development.

Otherside itself is set on a distant planet, complete with its own lore and storyline based around its alien inhabitant, Koda. While not much is known about what the finished game will look like, players have already embarked on the “First Trip,” which saw approximately 4,600 users come together to take on a boss Koda. Now, ApeCoin investors are looking forward to the “Second Trip,” which will take place on March 25th.

Why Invest in ER20 Coins?

ERC20 tokens are used in a wide range of settings and offer a wealth of benefits, making them an excellent investment choice. Their use of smart contracts means they’re incredibly versatile, opening up new opportunities for enterprises and individuals alike. ERC20 tokens are highly scalable, meaning they typically have lower transaction fees than coins on other networks, like Bitcoin.

ERC20 tokens also offer a high level of security, thanks to the strength of the Ethereum network, and offer compatibility with other Ethereum-based tokens. Services like MetaMask, for example, make storing and using ERC20 tokens easy. If each token an investor held were on a different blockchain, then many dApps and DeFi protocols wouldn’t function as they do today.

It’s because of ERC20 tokens that investors can earn passive income on their crypto assets. Lending, borrowing, and trading crypto in a decentralized manner are all options available to ERC20 investors. Staking ERC20 tokens is also a popular way to earn rewards and participate in network governance.

Network governance is an added bonus of ERC20 tokens for many investors. By staking their tokens, users can earn voting rights and directly impact the future of the project they’re invested in. While decentralized autonomous organizations (DAOs) aren’t perfect, they offer a level of decentralized democracy not seen before in the financial world.

These expanded use cases make ERC20 tokens a more dynamic and flexible investment option that continues to attract more investors each day. With their versatility, security, and ability to generate passive income and participate in network governance, ERC20 tokens present a compelling investment opportunity for anyone looking to diversify their crypto portfolio.

What is the Best ERC20 Crypto to Buy Right Now?

Overall, the tokens on this list all have outstanding potential to offer significant returns (besides Tether). Metaverse-based ERC20 tokens, like ApeCoin and The Sandbox, will likely outperform as metaverse adoption grows. At the same time, projects like MakerDAO and Aave have paved the way for DeFi innovation and are expected to continue doing so in the future.

In terms of investment opportunity, Poodlana, Solciety, Bitcoin Dogs, Memeinator, Bitbot, Chancer, AltSignals, and Metacade, can’t be beaten. These projects are still currently in their infancy, yet have attracted attraction from investors across the globe during their ongoing presales. Solciety could easily take the top spot for innovation and growth potential, while Bitcoin Dogs could become the number one spot in crypto trading. Each has a strong community focus, which may help to drive growth and adoption in the long term.

If you’re wondering which out of this list to go for, check these two out first. Their presales aren’t expected to hang around for long, by which time it could be too late to become one of the earliest investors in these three remarkable projects.

FAQs

Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.