Since launching 12 years ago, Bankless Times has brought unbiased news and leading comparison in the crypto & financial markets. Our articles and guides are based on high quality, fact checked research with our readers best interests at heart, and we seek to apply our vigorous journalistic standards to all of our efforts.
BanklessTimes.com is dedicated to helping customers learn more about trading, investing and the future of finance. We accept commission from some of the providers on our site, and this may affect where they are positioned on our lists. This affiliate advertising model allows us to continue providing content to our readers for free. Our reviews are not influenced by this and are impartial. You can find out more about our business model here.
Best ERC20 Tokens to Buy
The best ERC-20 token at the moment is USDT. Pegged to the US Dollar, it offers an entry point to crypto that is easy to understand and can be used for onward transactions.
What are ERC-20 Tokens?
ERC-20 tokens are the technical standard for fungible tokens on the Ethereum blockchain. These tokens are arguably the most popular, most widespread token standard available.
Understanding options at presale stage and those listed CEXs is an important part of any crypto investment strategy.
The Best ERC-20 Tokens Right Now
When exploring ERC-20 tokens there will be a huge amount on offer. The ETH network is hugely popular for presales, while many established coins are also present.
Presale ERC-20 coins come with a higher level of risk than established coins. Due diligence is key. If buying through a wallet, you’ll also need to pay gas fees.
Established ERC-20 coins will be available across brokers and exchanges. By using these it is possible to reduce fees, although the risk of losses is always present.
ERC-20 Token Presales
ETH
How We Rate Crypto Presales
Tokenomics: We check if the token’s structure rewards early buyers and supports long-term growth.
Whitepaper: We review the whitepaper for clarity, credibility, and real utility.
Roadmap: We assess whether the project has a clear, time-based plan with real milestones.
Community: We look at how active and authentic the community is across key platforms.
Established ERC-20 Tokens
Tether (USDT)
USDT Overview
Tether (USDT) is the world’s largest stablecoin project. Tether tokens can be moved across blockchains easily, whilst remaining pegged to the US dollar on a 1:1 basis. All USDT tokens are backed 100% by Tether’s reserves. Tether offers users – including merchants and traders – a low-volatility solution for engaging with cryptocurrencies.
USDT is one of the best ERC-20 tokens to invest in, especially when you’re looking to exit positions. Because of their stable price, stablecoins such as Tether are particularly popular amongst investors during bear markets – USDT allows holders to continue storing their wealth on the blockchain, without being exposed to the significant price fluctuations associated with most ERC-20 tokens.
Chainlink (LINK)
LINK Overview
Chainlink services are incredibly secure, powered by decentralized oracle networks with a proven track-record. It is a universally interoperable system, connecting public and private blockchains and facilitating secure cross-chain communication. It is also an incredibly developer-friendly network, providing developers with the necessary tools for success.
Chainlink is built on top of the Ethereum blockchain. It is powered by LINK, an ERC-20 token that acts as an infrastructure token. LINK powers Chainlink’s smart contracts and can be used on Chainlink’s decentralized finance protocols and across the Chainlink ecosystem.
Uniswap (UNI)
UNI Overview
Uniswap is one of the world’s largest decentralized exchanges. Built on the Ethereum blockchain, Uniswap allows users to buy, sell and swap ERC-20 tokens quickly and easily. In total, Uniswap facilitates the trading of cryptocurrencies on more than 11 different blockchains through either its web app or via the Uniswap wallet.
Uniswap has an all-time trading volume of more than $2.2 trillion, making Uniswap the industry’s largest on-chain marketplace. It is a decentralized platform, with investors trading on a trustless, peer-to-peer basis. This means that it’s possible to trade ERC-20 tokens without requiring a third-party intermediary or needing to know the entity you’re transacting with. Uniswap uses smart contracts, meaning that trades are performed automatically, assuming the terms of the agreement are met.
Aave (AAVE)
AAVE Overview
Aave is the world’s largest liquidity protocol, designed to allow users to supply, borrow, swap and stake their favorite cryptocurrencies. Cryptocurrency investors can earn interest on assets that they lend on the platform, or borrow crypto assets loaned by other holders.
Aave is actually one of the most successful DeFi projects, with billions of dollars in weekly volume across Ethereum and more than 10 other blockchain networks.
Aave is the world’s largest liquidity protocol, designed to allow users to supply, borrow, swap and stake their favorite cryptocurrencies. Cryptocurrency investors can earn interest on assets that they lend on the platform, or borrow crypto assets loaned by other holders.
Aave is actually one of the most successful DeFi projects, with billions of dollars in weekly volume across Ethereum and more than 10 other blockchain networks.
Decentraland (MANA)
MANA Oveview
Decentraland is one of the most popular metaverse projects available. The protocol allows you to explore a virtual world that is entirely built and owned by the Decentraland community. Decentraland is home to a number of different creative projects, including shops, experiences and metaverse casinos.
Decentraland is powered by MANA, the network’s native ERC-20 token. MANA can be used to purchase LAND parcels for users to build on, as well as a range of other digital assets. MANA can also be traded for certain goods and services within the Decentraland ecosystem.
Picking ERC-20 Tokens
Market Cap: Higher caps signal stability, lower caps mean higher risk/reward.
Utility: Strong ERC-20s solve real problems in DeFi, NFTs, or governance.
Growth: Adoption and ecosystem use often drive long-term price gains.
Community: Active communities show real demand and project support.
How to Invest in ERC-20 Tokens
RC-20 tokens make up some of the most popular cryptocurrencies to invest in.
Even the best ERC-20 tokens can have some risk attached to them. So, ensure you consider some key elements before investing.
Budgeting for the ERC-20 Market
Effective budget is crucial for ERC-20 investment. It is possible investments will go either up or down and knowing exit points for both scenarios is a must.
Do not chase losses and keep to a set budget, whether this is weekly or monthly, or over a long timeframe.
Growth potential and innovation
ERC-20 tokens have significant growth potential, but innovation comes with risk.
The best new ERC-20 tokens are created with the intention of solving real issues. In particular, within the decentralized finance (DeFi) sector.
Hitting long term goals increases the likelihood of an ERC-20 token achieving mainstream adoption.
ERC-20 tokens with real utility stand a good chance of price growth. This is because more investors buy into the long term vision.
With a relatively low cost of implementation, we’re constantly seeing new implementations for ERC-20 tokens.
Integration with the Ethereum ecosystem
ERC-20 tokens are built on Ethereum, which means they have the same level of security as Ethereum does.
They’re also compatible with other projects within the Ethereum ecosystem. ERC-20 tokens typically have excellent interoperability, following a specific set of rules. This allows them to easily communicate with Ethereum-based wallets, decentralized exchanges, dApps and other ERC-20 tokens.
- The best established ERC-20 token is USDT
- ERC-20 underpins most fungible tokens on Ethereum, making it the most widely used and recognized format.
- Presale tokens carry higher risk and gas fees, while established ones are easier to access through brokers and exchanges.
- Many ERC-20 tokens aim to solve real problems in DeFi, increasing their chances of adoption and long-term growth.
- ERC-20 tokens benefit from Ethereum’s security, interoperability, and large ecosystem of wallets, dApps, and exchanges.
Read next
Latest news
Contributors
