The Bitcoin and altcoin space is also home to many “sub-sections”. Some tokens take the token standard of the network they are active in. For example, there are ERC-20 coins on the Ethereum network. ERC20 is a standard for creating and issuing smart contracts on the Ethereum Blockchain. In this article, we will transfer the ERC-20 coins that should be followed according to an analyst. Here are the details…
What are the ERC-20 coins available for purchase?
With Ethereum having the largest ecosystem, it can be difficult to keep track of the best ERC-20 tokens on the market. To make things a little easier, according to analyst Danielle du Toit, here are some of the most promising ERC-20 coins to consider during 2023.
First of all, Wrapped Bitcoin (WBTC) is one of the most promising cryptocurrencies as one of the most popular ERC-20 coins. Wrapped Bitcoin runs on the Ethereum (ETH) Blockchain, it is a tokenized version of Bitcoin (BTC). WBTC is compliant with ERC-20, the core compliance standard of the Ethereum Blockchain. According to the data, WBTC is currently trading at $23,351 after a price drop of 1.41 percent in the last 24 hours. However, the crypto is up 2 percent from last week.
LINK, SHIB and SAND are also on the list
Another altcoin to watch out for is Chainlink (LINK). Founded in 2017, Chainlink is a Blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows Blockchain to securely interact with external data feeds, events, and payment methods. With a market cap of $3.63 billion, LINK is currently the 21st largest cryptocurrency by market cap. It is currently trading at $7.16 after a price drop of 1.38% from the last day.
Next on the list is the Shiba Inu (SHIB). The meme coin is currently worth around $0.0000138 after an 11% increase in its price over the past 24 hours. In addition, SHIB has also increased by more than 10 percent compared to last week. Meme coin has managed to gain 10.5 percent against Bitcoin (BTC) since yesterday. cryptocoin.com As we reported, SHIB is a coin that was launched as a DOGE killer and has managed to become the second largest meme coin after DOGE.
The coin that closed the list was The Sandbox (SAND). The token currently has a market cap of approximately $1,129,138,792, which ranks it as the 47th largest crypto by market cap. The token is currently trading at $0.753 after a 1.35% drop in the last day. SAND is the native token of the popular metaverse The Sandbox.
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