Best ERC20 Tokens to Buy in 2023

ERC20 tokens are 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 best ERC20 tokens to buy in 2023 and explain everything investors need to know about ERC20 cryptocurrencies.

A Closer Look at the Best ERC20 Crypto Coins to Buy

Want to know more about the best ERC20 tokens to invest in for 2023? We’ve put together detailed reviews of the each ERC 20 coin on our list:

Love Hate Inu (LHINU) – Overall Best ERC-20 Token with Discounted Presale Price

Topping our list of the best ERC-20 tokens right now is Love Hate Inu. Love Hate Inu is an Ethereum-based platform that lets users vote on whether they ‘Love’ or ‘Hate’ specific topics or people. For example, the platform could feature polls based on political figures, influencers, or significant current events.

By voting on these polls, the platform’s users will earn LHINU – Love Hate Inu’s native ERC-20 token. The voting process itself is streamlined and accessible, meaning there’s scope for uncapped earnings potential through this exciting ‘Vote-to-Earn’ (V2E) mechanism.

As per Love Hate Inu’s whitepaper, the platform requires users to buy and stake LHINU tokens for at least 30 days before being able to cast votes. This approach is crucial, as it helps eradicate bots and spam accounts. As a result, poll results are much more accurate, providing a ‘true’ representation of the community’s sentiment towards a topic.

The potential applications for this are limitless since brands could partner with Love Hate Inu to facilitate sponsored polls to gauge the sentiment toward a new product or service. In fact, Love Hate Inu’s team has already noted on the roadmap that these sponsored polls are in the works – with entrants able to earn unique rewards like merchandise and NFT discounts.

Looking ahead, the development team has even presented plans to launch user-created polls alongside metaverse integration. These plans have helped Love Hate Inu generate colossal traction within the crypto community, leading to over 14,000 people joining the official Telegram channel.

Those interested in Love Hate Inu can buy LHINU tokens through the project’s presale phase. The presale has eight stages, with 11.25 billion LHINU allocated to each stage. This approach motivates investors to buy tokens as early as possible since the LHINU price will rise incrementally between stages.

Mooky (MOOK) – Sustainable ERC-20 Token that Leverages NFTs for Environment Preservation

At the intersection of memes and eco-friendly actions, Mooky is a promising erc-20 token promoting environmental sustainability. Its native token, $MOOK, creates an active community, encouraging philanthropy and backing ecological projects.

With the total supply capped at 500 billion, $MOOK has earmarked 3% for charities visibly committed to environmental preservation. Also, 70% has been allocated for the ongoing presale.

The current presale price is expected to appreciate the token’s value from $0.00000735 USDT to $0.00003125 USDT across next presale rounds.

A unique feature of the $MOOK network is its NFTs. Each one represents a planted tree, showing their commitment to the environment. If you get the top-level NFTs, you get special access to Mooky’s DAO ‘Ventures Club.’ In this exclusive circle, members get voting rights, a say in platform regulation, and the added benefit of participating in airdrops.

Moreover, an NFT transaction tax of 15% is enforced, with 2% dedicated to affiliated charities and 5% distributed among current token holders.

Keeping the community informed, Mooky ensures the latest updates reach the users through its Telegram channel. Since launching its presale, Mooky has raised over $784K, indicating its steady growth among green erc-20 tokens.

Mooky has successfully blended the fun of meme cryptos with the intent of preserving our planet, solidifying its position as a leading contender in the ERC-20 token space.

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.

The supply of LINK is limited to 1 billion tokens and won’t increase. That means 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. 

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.

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. 

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

ApeCoin is a relatively new ERC20 token created by Yuga Labs, and has made it on the utility tokens list for 2023. While the ApeCoin token doesn’t directly provide governance over these projects, it does entitle the holder to a say in the future direction of the ape-themed community. That includes choosing the 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 2023 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.

If that happens, there will be a rush by metaverse investors to invest in 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. 

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.

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. 

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.

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. 

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.

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. 

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.

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. 

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 means an 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 for 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 2023? We’ll walk investors through the steps to purchase Love Hate Inu, which is currently available through a limited-time crypto presale.

• Step 1 – Download a Crypto Wallet: Investors can access the Love Hate Inu presale by downloading a compatible crypto wallet. For instance, Trust Wallet and MetaMask are popular cryptocurrency wallets which can be downloaded to access the presale.
• Step 2 – Buy ETH/USDT: LHINU can be purchased with three tokens – ETH, USDT, or BNB. Purchase these tokens from a crypto exchange and transfer them back to the crypto wallet.
• Step 3 – Connect the Wallet to the Presale: After buying the assets and transferring them to your crypto wallets, head over to the Love Hate Inu website. Now, click on ‘Connect Wallet’ and follow the instructions that appear on the screen.
• Step 4 – Buy LHINU Tokens: Investors can select which tokens they hold in their wallets to fund the purchase. Afterwards, enter the number of tokens to be purchased and confirm the transaction. Tokens can be claimed after the presale concludes.

Cryptoassets are a highly volatile unregulated investment product.

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 Love Hate Inu is the best ERC20 token to buy in 2023. The best part about this platform is that it enables users to earn more ERC-20 tokens by taking part in polls related to trending topics.

The token presale kicked off in March 2023 and features eight total stages – meaning investors are incentivized to buy tokens as early as possible to lock in a low entry price.

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