The 8 Best ERC20 Tokens Available in 2024

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With the Ethereum blockchain now boasting thousands of ERC20 tokens, finding the best ones can be tricky. That’s why we’ve compiled this list of the best ERC20 tokens to buy in 2024.

Our research uses blockchain analysis tools like DappRadar and CoinGecko to measure factors such as market cap, potential for growth, product-market-fit, and number of on-chain users.

The result is a mixture of ERC20 projcects with a variety of risk and reward levels, including established “blue-chip” tokens and promising newcomers.

This month we added Dogeverse and Dogecoin20 to our list and removed some older listings.

  • Multi-chain utility across 6 chains including Ethereum, Solana and Base
  • Staking rewards on Ethereum for presale buyers
  • Advanced bridging technology with Wormhole and Portal integration
Project Launched
April 2024
Purchase Methods
  • USDT
    USDT
  • ETH
    ETH
  • MATIC
    MATIC
  • BNB
    BNB
  • +1 more
  • New token with Learn to Earn (L2E) model with exclusive courses
  • Integration with BRC-20, opening the ability to build on top of the Bitcoin network
  • Stakers enjoy high staking rewards every Ethereum block
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Debit
    Debit
  • +1 more
  • The 5SCAPE tokens unlock special in-game features
  • Brings VR capabilities into Web3 gaming
  • An ERC20 token that's compatible with existing Ethereum DeFi platforms and smart contracts
Project Launched
January 2024
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • MATIC
    MATIC
  • Debit
    Debit
  • +2 more
  • Dogecoin20 offers stake-to-earn features with huge rewards currently above 115% p/a
  • DOGE20 presale raised $2 million in its first week
  • PoS mechanics making it greener and more sustainable than PoW coins
Project Launched
March 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • A meme token with up to 257% in rewards
  • CEX listing and a play to earn game on the roadmap
  • Sponge V1 made 100x in 2023. Join V2 presale
Project Launched
December 2023
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • New Bitcoin cloud mining with 'Stake to Mine' rewards mechanism
  • Users stake the native token in exchange for cloud mining credits
  • Mining credits are burned in exchange for cloud mining power, earning you Bitcoin
Project Launched
September 2023
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • MATIC
    MATIC
  • Debit
    Debit
  • +2 more

Our picks of the best ERC20 coins to buy in 2024

  1. Dogeverse (Dogeverse): The first ever memecoin to offer compatibility across six distinctly different blockchains at launch.
  2. 5th Scape (5SCAPE): This VR GameFi project has bridged the power of artificial intelligence to gaming and created a whole new gateway to virtual reality experiences.
  3. Dogecoin20 (Dogecoin20): High risk, high reward meme coin ditching the original Dogecoin’s proof-of-work model for the more sustainable proof-of-stake.
  4. Sponge V2 (SPONGEV2): This revamp of the original Sponge token introduces added staking features and a play-to-earn game in development.
  5. Bitcoin Minetrix (BTCMTX): A new project aiming to bring Bitcoin mining accessibility to the masses. Staking the $BTCMTX token obtains cloud mining credits which can be burned to own a share of Bitcoin mining profits.
  6. Decentraland (MANA): One of the first true Metaverse platforms, Decentraland is a community-built 3D virtual world where individuals can buy plots of land using the $MANA token.
  7. Chainlink (LINK): A blockchain abstraction layer that enables universally connected smart contracts through a decentralized oracle network.
  8. ApeCoin (APE): The native token of the infamous multi-billion dollar NFT collection, the Bored Ape Yacht Club. ApeCoin functions as the primary currency of the DAO and allows users to participate in decision-making and project proposals.

A closer look at the best ERC20 crypto coins in 2024

Below we will dive further into the best ERC20 crypto coins to look out for. It is recommended to always do your own research into cryptocurrencies and assess your risk appetite before investing.

1. Dogeverse (DOGEVERSE): First ever memecoin to incorporate 6 blockchains at launch

Multi-chain functionality is a welcome feature for any crypto project and Dogeverse is taking this to new heights by offering compatibility across Ethereum, Solana, BNB Smart Chain, Polygon, Avalanche and Base.

Indeed, according to the project’s marketing campaign, the $DOGEVERSE token is based around a cartoon Shiba Inu named ‘Cosmos’, possessing the “unique ability to hyperjump between the stars of the crypto universe.”

Despite offering no further utility features, Dogeverse looks poised for major growth. In addition to being a dog-themed token (which are typically favored by memecoin traders)the project launch will coincide with ‘Doge Day’ and the Bitcoin halving. This could be a formula for the kind of explosive growth seen by previous dog tokens, including Dogecoin and Shiba Inu.

The official Dogeverse website also includes a detailed, 6-stage roadmap. The project is currently in stage 1 (website and social media launch, contract written) – by stage 6, it hopes to earn its first centralized exchange listing.

For more information on Dogeverse, head to the project’s official website.

Pros

  • First project to incorporate six blockchains
  • Doge-themed coins are notorious for their explosive growth
  • Market factors are likely to compliment the launch

Cons

  • Meme coins can be volatile
  • Only compatible with four blockchains initialy

2. 5th Scape (5SCAPE): Evolving the VR landscape with an immersive entertainment ecosystem

5th Scape is a new project at the intersection of virtual reality gaming and cryptocurrency.

The project offers a metaverse-based virtual reality ecosystem featuring various forms of digital entertainment, and integrates its native ERC20 token, $5SCAPE, as a payment and reward method.

According to the official whitepaper, 5th Scape will soon release a catalog of VR-compatible video games, in addition to interactive e-learning, movies, and animations.

The developers are also promising to deliver a range of proprietary, state-of-the-art hardware to complement the platform’s GameFi ecosystem. The range will include the official ‘VR Ultra Headset’ and ‘SwiftScape VR Chair’.

The buy screen on the 5th Scape website

Accompanying this blend of software and hardware will be the $5SCAPE token, which will be used to incentivize gameplay, mark milestone achievements in missions, and more.

Owning $5SCAPE grants lifetime access to the platform and gives you a competitive edge in games by granting special feature items.

This project has allocated 80% of the token supply to the presale, meaning that a substantial portion of the total supply is available to the community.

Pros

  • VR gaming is growing increasingly popular
  • The identities of the team members are known
  • 5 game reelases already announced

Cons:

  • No beta release of the platform
  • No timeline for the hardware launch

3. Dogecoin20 (DOGE20): Dog-themed shitcoin with over $10 million raised in presale

Dog-themed coins have often proven highly lucrative investments over the years. The developers of Dogecoin20, a new Ethereum-based shitcoin, are hoping to see this replicated.

What stands out about Dogecoin20 is its adoption of the proof-of-stake mechanism – a sustainable alternative to the proof-of-work model, which was utilized by the original Dogecoin.

Moreover, the project offers a potentially lucrative staking model, with early adopters eligible for a 50% per annum rewards yield.

But aside from this, Dogecoin20 is completely lacking in utility, instead relying on its marketability to achieve growth. Things appear to be going to plan in this regard, with the project having raised over $10 million in presale funding.

Of course, meme coins are well-known for their volatility, so that should be taken into account by anyone thinking of investing in Dogecoin20. But with high risk often comes high reward, and this coin could be set to hit the heights previously seen by Dogecoin.

Pros

  • DOGE20 investors can earn passive income through staking
  • Doge-themed coins have a strong community already
  • Greener alternative to Dogecoin without the complexity of mining
  • Rewards holders who commit for extended periods

Cons

  • Not initally listed on DEXs

4. Sponge V2 (SPONGEV2): 100x meme coin with over 10,000 holders

Sponge V2 is an extensive revamp of the original Ethereum token that exploded in May 2023, soaring to a market cap of

One of the project’s main added utility features is its new play-to-earn racer game. The developers have said that the game will be available on launch, and that it will offer users the opportunity to earn more $SPONGE.

SpongeV2 is available on both the ERC20 network and the layer 2 chain Polygon, enabling cheaper transaction fees. You can buy and stake $SPONGE with $ETH, $MATIC, or $USDT, using MetaMask or a variety of popular ERC20-compatible crypto wallets.

$SPONGE can be staked on both blockchain networks, with the Polygon network currently offering over 360% staking rewards.

Since its launch in February 2024, $SPONGE V2’s price has grown by over 500%.

Pros

  • A thriving community of holders
  • A 100x crypto
  • New staking and P2E utility

Cons:

  • Meme coins tend to be more volatile
  • Anonymous team

5. Bitcoin Minetrix (BTCMTX): Participate in mining Bitcoin with this stake-to-mine token

Bitcoin Minetrix has revolutionized cloud mining by creating a new stake-to-mine system that promotes transparency through the power of Ethereum smart contracts.

At the center of the project is the $BTCMTX token, hosted on the Ethereum network. You can stake the token to earn cloud mining credits, and these can then be burned to obtain hash power and earn a proportion of the rewards from Bitcoin mining.

From the total supply of 4 billion, 42.5% of the presale raise will be dedicated to fund the Bitcoin mining operations, and 35% allocated to marketing. The remaining 22.5% will be allocated to staking and community incentives.

Currently, the project is hosting a Minedrop Gleam competition in which participants have the chance to win $3,000 worth of $BTCMTX.

Pros

  • Provides easy access to Bitcoin mining
  • Passive staking currently earns over 50% of rewards
  • Bitcoin halving event soon taking place

Cons:

  • Staking rewards are payable over 2 years
  • Mining output is dependent on the facility size

6. Decentraland (MANA): One of the first 3D worlds built on the Metaverse

Decentraland is a browser-based 3D virtual world and one of the first true metaverse platforms to be launched in the crypto space.

$MANA is the native ERC20 token of the platform and can be used to buy and sell ‘Land’ (Decentraland’s virtual real estate), accessories, and to participate in virtual games.

In 2021, $MANA reached all-time highs of $5.90, fueled partly by the rise of metaverse platforms. The token is currently priced at $0.59, doubling in price since its lows of $0.28 in October 2023.

You can buy a plot of Land in Decentraland and build whatever you want on it, including houses, art galleries, digital experiences, escape room games, music arenas, and, amphitheaters.

Fashion brands such as Dolce & Gabbana, Tommy Hilfiger, Adidas and Nike have embraced Decentraland, building out fashion galleries, branded adventure suites, treasure hunts, and puzzle strategy games.

Pros

  • Already established their metamverse platform
  • Wide range of existing users
  • Mainstream big brands have land plots

Cons:

  • Newer, metaverse platforms are pushing the boundaries of realism
  • Not as popular as 2 years ago

7. Chainlink (LINK) – Decentralized oracles network that connects information between chains

Chainlink was created in 2017 and is the largest decentralized oracles network in the web3 sector. Chainlink has a highly important role as it is the bridge that connects information and data transfer between blockchains.

This decentralized oracles network allows blockchains to securely interact with external data feeds, events, and payment methods, providing crucial off-chain information required by complex smart contracts.

Chainlink’s native erc20 token, $LINK, can be staked and is locked en masse by node operators.

One unique factor of Chainlink is the balance between community incentives and business growth in its tokenomics model. From the total token supply (1 billion), 35% was allocated to the public sale in ICO, 35% was dedicated to node operators and ecosystem development, and the final 30% was allocated to the growth of the company.

According to the Chainlink Ecosystem’s website, there are 2,000 projects and over 2,400 integrations using the project’s decentralized Oracle infrastructure.

Pros

  • Leader in oracle data transmission in web3
  • Quite evenly distributed tokenomics

Cons:

  • Other platforms may be better developed
  • Regulatory approvals may hinder $LINK’s future
  • AI systems may be able to perform better than Chainlink

8. ApeCoin (APE): Native token of the highly-valued Bored Ape Yacht Club NFT collection

ApeCoin is the native token of the infamous multi-billion dollar NFT collection, the Bored Ape Yacht Club. ApeCoin functions as the primary currency of the DAO and allows users to participate in decision-making and project proposals.

The Bored Ape Yacht Club NFT collection became the highlight of 2021 and the NFT bull market with celebrities such as Justin Bieber, Snoop Dogg, and Gwyneth Paltrow purchasing the ape NFTs. The collection comprises 10,000 digital NFT art pieces with a total value of over $1 billion.

A special highlight of Bored Ape Yacht Club is its partnership with Adidas, bringing sportswear to the metaverse.

The $APE token was created to support the evolution of art, gaming, entertainment, digital and physical events, and storytelling.

$APE saw all-time highs in March 2022, nearly touching the $40 mark. In October 2023, at the start of the current bull cycle, $APE bottomed at $1.02 with the token price now below $2.

Pros

  • Leader in oracle data transmission in web3
  • Quite evenly distributed tokenomics

Cons:

  • Other platforms may be better developed
  • Regulatory approvals may hinder $LINK’s future
  • AI systems may be able to perform better than Chainlink

How to find the best Ethereum tokens to buy in 2024

If you are wondering how to find the best Ethereum network tokens to buy in 2024, we have listed below some simple tips that can help you on your journey.

Find new ERC20 presales

Crypto presales are some of the best ways to find new, up-and-coming crypto tokens. You can check exchanges such as Binance or OKX that frequently promote new ICOs through their launchpads.

Binance Labs is known for incubating and releasing successful projects, which are likely to be immediately listed on the top-tier exchanges.

Search using social media

Social media is one of the most powerful tools to use in the crypto space. This is a trend that dates back almost two decades, with crypto enthusiasts frequently communicating over chat forum sites such as 4Chan and BitcoinTalk.

Today, X (formerly Twitter) is the go-to place to scout the latest trends and information on the crypto markets.

Reddit is also a favored social media platform by web3 communities, with individual subreddits, such as r/bitcoin, being created for specific insights into particular blockchains or projects.

A cartoon image of social media logos

Crypto exchanges

Exchanges, both centralized and decentralized, are the backbone of cryptocurrency trading markets. The best ERC20 tokens will be listed on the most popular crypto exchanges.

Exchanges will make announcements when planning to list a new token, but you can always find clues or leaks across social media in advance.

Some individuals may even analyze the exchange’s hot wallets to see if new token contract addresses have been added, which can indicate the listing of a new token.

You can also check out our coverage of new potential Binance and Coinbase listings for further insights.

Stay abreast of trends using news sources

News sources are one of the primary ways to find timely information without having to sift through countless social media posts. Outlets such as CoinTelegraph and CoinDesk, for instance, publish daily news on the crypto industry.

A good tool to use is the CoinMarketCap News Aggregator, which is a feed of the latest news from all the top crypto news outlets.

Staying safe

Before diving into the crypto world, it is crucial to understand some key security points to ensure the safety of your assets. Here are a few key tips to keep in mind when navigating the crypto markets:

  • Never share your private key to your cold wallet
  • Always use a separate email address for crypto exchanges
  • Ensure that sites, dApps, and any exchanges you visit show the correct link

FAQs

What is the best crypto wallet for ERC20 tokens?

MetaMask and Best Wallet stand out as two of the best crypto wallets for ERC20 network tokens.

What is the most common ERC token?

The most common ERC20 token is $ETH, the primary token behind the Ethereum blockchain. All ERC20 tokens are hosted on the Ethereum network which also comprises dApps, lending protocols, and other decentralized web3 applications.

Is ERC20 tokens a good investment?

Although we can never give investment advice, ERC20 altcoins present a great investment opportunity in the heart of a bull run as they tend to give larger price action than high market cap coins, which are already heavily accumulated.

Which coins are ERC20 tokens?

ERC20 is the token standard of coins created on the Ethereum Blockchain. Any project, dApp, or token that states it is ERC20 standard means that the host blockchain is Ethereum.

References