After its launch in 2015, the Ethereum chain has been one of the most important driving forces in crypto. The platform has seen the growth of innovative DApps and DeFi projects. However, his ERC 20 tokens are pretty amazing. This is basically a quality or technical standard that all Ethereum-based tokens must meet. Check out some highlights below:
ERC 20 tokens are governed by a fixed set of rules that determine how they can be transferred, validated and stored.
All ERC 20 tokens are built and powered by the Ethereum blockchain but can be traded on multiple chains.
A huge percentage of crypto tokens launched in recent years are largely ERC 20 tokens.
For investors looking for the best and perhaps the most popular ERC 20 tokens, here are two names you probably didn’t know are based on this standard.
Shiba Inu (SHIB)
Shiba Inu (SHIB) was the token of 2021, without a doubt. The coin itself, which was launched as the Ultimate Dogecoin Killer (DOGE), exploded in value, at one point ranking among the top 10 crypto assets by market cap.
Data source: Tradingview.com
While SHIB is still a speculative asset with very little intrinsic value, it has made people millionaires over the past year or so. This is also an ERC 20 token, and at the time of writing SHIB was selling for $ 0.00003394. The coin also has a market capitalization of $ 18.6 billion.
Chain link (LINK)
Unlike Shiba Inu, Chain link (LINK) is actually a great investment with very decent underlying fundamentals. It is essentially a smart contract blockchain layer that enables universally interconnected contracts.
LINK, its native token, is an ERC 20 coin and ranks among the top 20 coins by market capitalization. At the time of this writing, LINK was selling for $ 22.51 with a market cap of around $ 10.5 billion.