10 Best ERC20 Tokens to Buy in July 2022 for 10x Gains

ERC20 tokens are tokens created using the ERC20 standard on the Ethereum blockchain. Thanks to the dominance of Ethereum and its system of smart contracts, the vast majority of popular cryptocurrencies available today are ERC20 coins.

There are hundreds, if not thousands, of ERC20 tokens for investors to choose from. So which ones are worth watching? In this guide, we’ll review the 10 best ERC20 tokens to buy in 2022 and explain everything you need to know about ERC20 cryptocurrencies.

The 10 Best ERC20 Tokens to Invest In

We’ve combed through the ranks of top Ethereum-based coins to bring you the 10 best ERC20 tokens to buy in 2022:

  • Tamadoge (TAMA) – Overall Best ERC20 Token to Buy in 2022
  • Lucky Block (LBLOCK) – Popular ERC20 Token Offering a Chance to Win Big
  • Chainlink (LINK) – Blockchain Oracle Providing Infrastructure for Ethereum
  • Tether (USDT) – Leading Stablecoin Pegged to the US Dollar
  • ApeCoin (APE) – ERC20 Token for the Bored Ape Yacht Club Ecosystem
  • Decentraland (MANA) – One of the Best ERC20 Tokens for the Metaverse
  • Uniswap (UNI) – The Largest Decentralized Exchange on Ethereum
  • Ethereum (ETH) – The Cryptocurrency That Started It All
  • Maker (MKR) – Leading DeFi Coin for Decentralized Borrowing and Lending
  • Yearn Finance (YFI) – Top ERC20 Crypto for Yield Farming

A Closer Look at the Best ERC20 Crypto Coins to Buy

Want to know more about the best ERC20 tokens to invest in for 2022? We’ve put together detailed reviews of the 10 best ERC 20 coins.

1. Tamadoge (TAMA) – Overall Best ERC20 Token to Buy in 2022

Tamadoge is a brand-new ERC20 cryptocurrency that’s currently on presale. We’re excited about it, and we think investors should be, too.

Tamadoge (TAMA) is the native cryptocurrency of a play-to-earn crypto game of the same name. In Tamadoge, players can spend TAMA to mint a virtual NFT pet. Each NFT pet starts out with unique stats and strengths, but the way that NFT owners nurture their pet to adulthood also affects how they turn out.

Once pets reach adulthood, players can battle them against one another. Winners climb the Tamadoge leaderboards and earn TAMA as a reward. They can then use that TAMA to buy more NFT pets or to purchase in-game upgrades, creating a circular economy within the game.

Importantly, TAMA is designed to be deflationary. 5% of every TAMA transaction for new NFTs or upgrades is burned. So, as more players join Tamadoge and mint NFT pets, the faster the supply of TAMA dwindles. For early investors, this is a major benefit because demand goes up while supply goes down, which can send the price of this emerging cryptocurrency soaring.

Tamadoge P2E Game

Another benefit to TAMA is that there is no transaction tax on the coin itself. So, investors won’t be penalized for making small transactions as they scale in or out of positions in TAMA. This isn’t the case for most other new cryptocurrencies.

TAMA is currently available through a crypto crowdsale for a limited time only. Investors can purchase TAMA with a credit card, Ethereum, or Tether.

2. Lucky Block (LBLOCK) – Popular ERC20 Token Offering a Chance to Win Big

Lucky Block logoLucky Block is an online competitions platform built on the blockchain. The platform offers multiple competitions, including a daily giveaway in which one lucky player can earn a prize pool worth tens of thousands of dollars.

In order to enter these competitions, players need to hold an NFT that essentially serves as a ticket. Some NFTs, like Lucky Block’s Platinum Rollers Club NFT collection, have a limited number of editions to limit the number of participants in each giveaway. To purchase Lucky Block NFTs, players must use the platform’s native ERC20 token, LBLOCK.

What’s especially great about the LBLOCK token is that players don’t necessarily have to win the giveaway in order to make money from this ERC20 coin. A portion of each day’s prize pool is reserved as a reward for token holders. That means that everyone who holds Lucky Block tokens stands to earn.

LBLOCK Price Chart

Another thing we like about the LBLOCK token is that it supports charities. A portion of each day’s prize pool is donated to charity, and token holders get to vote on which charities they want to support. For crypto investors who also care about philanthropy, that’s a pretty unique idea.

While the value of Lucky Block competition prizes don’t change with the market, the value of the LBLOCK token does. Right now, the LBLOCK coin is near a 1-year low. That means that investors can purchase LBLOCK at a relative discount and then purchase NFTs to enter competitions and start earning generous rewards. They also stand to benefit from price appreciation as the price of LBLOCK rebounds in the future.

3. Chainlink (LINK) – Blockchain Oracle Providing Infrastructure for Ethereum

Chainlink plays a critical role in the Ethereum blockchain. It’s what’s known as a blockchain oracle, allowing data from outside the world of crypto to be appended to smart contracts. For example, if a smart contract depends on the score of a sports game or the value of the US dollar, Chainlink can provide that data to the smart contract.

That makes Chainlink a lot like infrastructure for the Ethereum blockchain. Think of it as piping. Within this piping, the water that flows through is not only data, but also LINK. LINK is the payment required for many critical network operations, including receiving data. It’s also used to pay data providers to keep Chainlink running smoothly.LINK Price Chart

The supply of LINK is limited to 1 billion tokens and won’t increase. That means that as the Chainlink network sees more use, demand for LINK goes up but supply remains the same. Investors who hold LINK could find themselves in a position where they command high prices for LINK they’re willing to inject into data pipelines.

Cryptoassets are a highly volatile unregulated investment product. 

4. Tether (USDT) – Leading Stablecoin Pegged to the US Dollar

Tether is the world’s largest stablecoin by market cap. It’s pegged to the US dollar and fully backed by reserves, making it much more resilient to market volatility than algorithmic stablecoins. While the price of Tether has fluctuated slightly from its peg, it is generally worth almost exactly $1 per coin.

There’s not much that’s exciting about USDT for investors. The whole point of this cryptocurrency is that 1 USDT will always be worth $1. In many ways, USDT has become the digital equivalent of cash in the ERC20 ecosystem.USDT Price Chart

However, since it’s digital cash, USDT can be used by investors like cash. In effect, investors can swap to USDT whenever they want to sit out volatility in the rest of the crypto market, but don’t want to go through the costly process of converting their crypto holdings to real US dollars.

Cryptoassets are a highly volatile unregulated investment product. 

5. ApeCoin (APE) – ERC20 Token for the Bored Ape Yacht Club Ecosystem

ApeCoin is a relatively new ERC20 token created by Yuga Labs, the company behind the Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collections. While the ApeCoin token doesn’t directly provide governance over these projects, it does entitle holder to a say in the future direction of the ape-themed community. That includes choosing which projects to prioritize, which could be interesting for investors with a long time horizon.

More immediately, APE is gaining attention as one of the best ERC20 tokens to buy in 2022 because of speculation around the release of the Otherside metaverse. This is a new metaverse project being developed by Yuga Labs. It’s widely expected that after Otherside is released, virtual land sales will be conducted in ApeCoin.APE Price Chart

If that happens, there will be a rush by metaverse investors to get their hands on ApeCoin so they can buy land. The coin’s supply is permanently fixed at 1 billion tokens, so a spike in demand for ApeCoin could potentially send the price of this token soaring.

Cryptoassets are a highly volatile unregulated investment product. 

6. Decentraland (MANA) – One of the Best ERC20 Tokens for the Metaverse

Decentraland is one of the most popular metaverse platforms. It supports everything from play-to-earn crypto games like ICE poker to virtual concerts to digital advertising for blockchain-friendly brands.

Within the Decentraland metaverse, MANA is the center of the virtual economy. This ERC-20 cryptocurrency is used to pay for virtual land purchases, digital goods, and services.MANA Price Chart

Interestingly, MANA is a deflationary cryptocurrency. Every time land NFTs are auctioned off in Decentraland, MANA is burned in the process. As more and more people and brands flock to Decentraland, the supply of MANA will continue to drop. At the same time, demand for MANA should increase since there will be more users in the virtual world who want to purchase goods and services.

Many analysts think MANA is one of the best ERC20 tokens to invest in today. Interest in the metaverse is growing fast, and Decentraland has demonstrated that it can cater to an extremely wide audience of users.

Cryptoassets are a highly volatile unregulated investment product. 

7. Uniswap (UNI) – The Largest Decentralized Exchange on Ethereum

Uniswap is a decentralized crypto exchange – the largest such exchange running on the Ethereum blockchain. Since it runs on Ethereum, investors can use Uniswap to trade any ERC20 token as well as any other tokens that are compatible with the ERC20 standard.

UNI is the native ERC20 cryptocurrency of the Uniswap exchange. It’s primarily a governance token, giving users a say in how the Uniswap project develops moving forward. However, this DEX coin also earns rewards for token holders based on the exchange fees charged by Uniswap. The more people who use Uniswap, the more valuable the UNI token.UNI Price Chart

Importantly for investors, Uniswap could benefit in the long-run from the downturn in the crypto market in 2022. Uniswap’s decentralized nature doesn’t require investors to give up the private keys to their funds when making an exchange. This is critical for financial security – the havoc around the market crash in 2022 demonstrated that investors who give up their private keys stand to lose their funds when things go wrong.

So, Uniswap may look pretty attractive when the crypto market rebounds – and that’s a good thing for UNI token holders.

Cryptoassets are a highly volatile unregulated investment product. 

8. Ethereum (ETH) – The Cryptocurrency That Started It All

Ethereum is the cryptocurrency that arguably enabled all of the other ERC20 tokens on this list to flourish. Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, on which all ERC20 coins are built.

ETH isn’t as volatile as some of the other cryptocurrencies on this list thanks to its enormous $28.8 billion market cap. That can be a good thing for investors at times when they want to shed risk. ETH is still a bellwether in the crypto market, but it doesn’t swing quite as wildly as many smaller ERC20 cryptocurrencies.ETH Price Chart

Another reason investors should consider ETH right now is that the Ethereum blockchain is expected to finally make the long-awaited switch to proof-of-stake. This switch, known as ‘The Merge,’ will make it harder for new Ethereum to be minted and will allow crypto staking for Ethereum. That puts a damper on supply and could potentially increase the value of ETH.

Cryptoassets are a highly volatile unregulated investment product. 

9. Maker (MKR) – Leading DeFi Coin for Decentralized Borrowing and Lending

Maker (MKR) is the governance and utility token of the MakerDAO. MakerDAO is all about borrowing and lending without the need for traditional middlemen like banks. MakerDAO uses smart contracts built on the Ethereum blockchain to facilitate loans and govern all the details of a loan’s mechanics, such as repayment terms, interest rates, and margin calls.

Part of what’s exciting about MakerDAO is that loans can be distributed in DAI, a stablecoin that’s also built on the ERC20 standard. By issuing loans in DAI, MakerDAO loans are somewhat insulated from volatility in the crypto market.MKR Price Chart

The MKR token is designed to balance the supply of DAI. When there’s too little DAI and its price goes up, MKR is destroyed to create new DAI. So, the more people that use MakerDAO for decentralized lending, the greater the need for new DAI – and the lower the supply of MKR.

In effect, the value of MKR is directly tied to the popularity and success of MakerDAO as a lending platform.

Cryptoassets are a highly volatile unregulated investment product. 

10. Yearn Finance (YFI) – Top ERC20 Crypto for Yield Farming

Yearn Finance is a DeFi yield farming platform designed to help investors make as much money as possible from their crypto portfolio. With Yearn Finance, ERC20 token holders can stake their crypto to a project’s blockchain in return for rewards or lend out their crypto at potentially high interest rates.

YFI is the native ERC20 cryptocurrency of the Yearn Finance platform. It’s primarily a governance token, giving token holders the ability to vote on the platform’s future projects. However, YFI also entitles token holder to revenue sharing. Part of the fees paid by Yean Finance users for managing their investments are delivered to YFI token holders.YFI Price Chart

That creates an interesting market for YFI. The more investors who use the platform, the more Yearn Finance collects in fees – and the more YFI token holders stand to earn. So, any increase in the number of investors participating in yield farming can positively impact the price of the YFI token.

Cryptoassets are a highly volatile unregulated investment product. 

What is an ERC20 Token?

ERC20 is a set of technical standards used for creating tokens on the Ethereum blockchain. So, an ERC20 token is any token created using the ERC20 standards.

The ERC20 standard allows different tokens to be exchanged using the Ethereum blockchain. Investors can exchange Uniswap for Tamadoge or ApeCoin for Lucky Block since they all use the ERC20 standard.

The ERC20 standard was first established in 2015. At the time, hundreds of new coins were being created to take advantage of smart contracts introduced by the Ethereum blockchain. Investors and developers needed an easy way to exchange between all these different coins, or else all the different projects being created on the Ethereum blockchain would exist in their own silos.

The ERC20 standard enabled creators to agree on a basic set of technical specifications. All of the new coins created using this standard would be interchangeable with one another, while still retaining their specific and independent uses. ERC20 was formally adopted by the Ethereum community in 2017. Virtually all smart contract tokens created on the Ethereum blockchain since that time conform to the ERC20 standard.

Why Invest in ERC20 Coins?

Investors have a lot of options beyond ERC20 tokens when it comes to investing in cryptocurrency. So why should they invest in ERC20 tokens?

The main reason to invest in the best ERC20 coins is that they’re interchangeable with any other ERC20 token. That makes it incredibly simple to move in and out of positions or to take advantage of new investment opportunities on the Ethereum blockchain.

Let’s say an investor buys Ethereum and holds it for a while. Eventually, another investment opportunity, like Tamadoge, comes along. Since both Ethereum and Tamadoge are ERC20 tokens, that investor can quickly, easily, and cheaply swap their Ethereum for Tamadoge. All of a sudden, they’re invested in an exciting new crypto project.

The same simplicity applies if investors want to increase or decrease their risk. When investors are excited to take on risk, they can quickly swap a stablecoin like Tether to one of the best ERC20 crypto tokens that offer yield farming or a chance to invest in a new metaverse project. When investors want to decrease their exposure to new crypto projects, they can simply swap back to Tether or Ethereum.

Importantly, ERC20 tokens are so popular that the coin standards used on other major blockchains are also compatible with them. For example, the BEP20 standard used on the Binance Smart Chain is compatible with the ERC20 standard on the Ethereum blockchain. This enables investors to swap between any ERC20 token and BEP20 tokens like BNB, Pancakeswap, and Binance USD.

How to Buy ERC20 Crypto

Ready to buy the best ERC20 cryptocurrency for 2022? We’ll walk investors through the steps to purchase Tamadoge, which is currently available through a limited-time crypto presale.

Step 1: Download Metamask

Investors need a crypto wallet that supports ERC20 tokens in order to buy Tamadoge. We recommend using Metamask, which is a free wallet that integrates with a user’s browser.metamask site

Step 2: Visit the Tamadoge Presale

Visit the Tamadoge presale site. Click ‘Connect Wallet’ to connect the Metamask wallet to the presale platform.Tamadoge TAMA presale

Step 3: Buy Tamadoge

Users can buy Tamadoge with a credit card or with Ethereum or Tether in their Metamask wallet. If using a credit card, Tamadoge will first exchange funds for Ethereum using the Transak exchange and then use that Ethereum to purchase Tamadoge. Investors simply need to enter the amount of Tamadoge they want to purchase and the platform will display the equivalent amount in US dollars, ETH, or USDT.Tamadoge presale

All Tamadoge purchased during the presale will be released to investors’ wallets at the end of the presale period.

Conclusion

ERC20 tokens can be easily interchanged for any other ERC20 token, making them ideal for investors who are always on the lookout for the next big crypto project. We think Tamadoge (TAMA) is the best ERC20 token to buy in 2022. Investors can buy Tamadoge today through the project’s presale using a credit card, Ethereum, or Tether.

tamadoge - Best twitter crypto

FAQs

What are the best ERC20 tokens?

Are ERC20 tokens valuable?

What coins are ERC20 tokens?

Should I invest in ERC20 crypto?


Be the first to comment

Leave a Reply

Your email address will not be published.


*