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The best ERC 20 tokens to buy right now

After launching 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, its ERC 20 tokens are quite incredible. 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 set of fixed 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 swapped across multiple chains.

  • A huge percentage of crypto tokens that have launched over the past few years are largely ERC 20 tokens.

For investors looking for the best and perhaps the most popular ERC 20 tokens, here are two names that you probably didn’t know are based on this standard.

Shiba Inu (SHIB)

Shiba Inu (SHIB) has been the token of 2021, no doubt. The meme coin, which was launched as the ultimate Dogecoin (DOGE) killer, has exploded in value, ranking at one point among the top 10 crypto assets by market cap. 

Data Source: Tradingview.com 

Although SHIB is still a speculative asset that has very little intrinsic value, it has made people millionaires in the past year. 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 cap of $18.6 billion.

Chainlink (LINK)

Unlike Shiba Inu, Chainlink (LINK) is actually a superb investment with very decent underlying fundamentals. It is basically a smart contract blockchain layer that allows universally interconnected contracts. 

LINK, its native token, is an ERC 20 coin and is ranked among the top 20 coins in terms of market cap. At the time of writing, LINK was selling for $22.51 with a market cap of around $10.5 billion.

The post The best ERC 20 tokens to buy right now appeared first on Coin Journal.

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The best crypto tokens to buy on the Binance Smart Chain (BSC)

The Binance Smart Chain (BSC) is a smart contract platform designed to provide developers with the ecosystem they need to create Decentralised Apps or DApps. BSC has seen immense growth over the past year and continues to attract a series of interesting projects as well. Here are some of its highlights:

  • The Binance Smart Chain hopes to use low gas fees and speed to rival Ethereum, the largest smart contract platform in the world.

  • The chain is built to compliment the Binance Chain (BC) with excellent trade volume and outstanding liquidity.

  • So far, the BSC has been attracting developers with new and innovative blockchain projects that offer a lot of promise.

In case you are thinking of investing in tokens built purely on the Binance Smart chain, then the two options below should be perfect:

PancakeSwap (CAKE)

PancakeSwap (CAKE) is a DeFi automated market maker protocol that allows crypto investors to exchange a wide range of assets instantly. The platform also gives you the chance to earn returns by providing liquidity and farming yields. After its launch in 2020 on the BSC, PancakeSwap has literally exploded. 

Data Source: Tradingview.com 

The platform offers excellent speeds, secure transactions, and low gas fees in line with BSC’s mission. At the time of reporting, CAKE, the native governance token, was selling for $12.33. CAKE also has a market cap of about $3.1 billion, ranking among the top 55 crypto assets by market cap.

Venus (XVS)

Venus (XVS) is a synthetic stablecoin that also doubles up as an algorithmic money market protocol. Built on BSC, the platform allows users to borrow and lend crypto assets at low fees. 

The platform also gives you a chance to mint VAI stable coins. At press time, the Venus native governance token XVS was selling at $15.74. The token also had a market cap of around $186 million.

The post The best crypto tokens to buy on the Binance Smart Chain (BSC) appeared first on Coin Journal.

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2 of the best relatively unknown instant crypto swap exchange tokens to buy

Instant crypto swap exchanges have become quite popular in recent years. After all, crypto investors have always been looking for exchange platforms that offer low fees, low slippage, and instant swaps between a huge variety of crypto assets. Here is why these exchanges are growing very fast:

  • Crypto swap exchanges are fully decentralised and as such, they are non-custodial and permissionless, giving you extra security.

  • As decentralised exchanges address liquidity challenges in the future, instant swap exchanges will benefit the most.

  • The exchanges offer a secure more private way to exchange crypto from peer-to-peer, something most investors prefer.

Uniswap (UNI) is by far one of the most popular crypto swap exchanges. But the following 2, which happen to be relatively unknown, are very good investments right now.

BakerySwap (BAKE)

BakerySwap (BAKE) is a De-Fi platform that provides crypto swaps. Like Uniswap (UNI), BakerySwap uses an automated market maker protocol to enhance liquidity and keep fees low. The project is built on the Binance Smart Chain and strives to offer an all-in-one De-Fi ecosystem for its clients. 

Data Source: Tradingview.com 

At the time of reporting, BAKE, its native platform token, was selling for $1.15. The token also has a market cap of around $220 million. This means that the potential to grow even further is there, especially when you consider that BakerySwap (BAKE) was launched in 2020.

LuaSwap (LUA)

LuaSwap (LUA) is a multichain automated market maker protocol that allows for instant crypto swaps within its DeFi ecosystem. The platform has also developed innovative features to bridge liquidity across various chains, giving users more flexibility and convivence when they trade. 

Its native governance token is called LUA, and at the time of writing, it was selling at $0.06285 with a market cap of around $8.5 million. LUA is also not yet available in many major exchanges. Future growth potential is therefore quite good.

The post 2 of the best relatively unknown instant crypto swap exchange tokens to buy appeared first on Coin Journal.

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Vitalik Buterin revisits his early crypto predictions, admits he ‘missed’ NFTs

  • Ethereum co-founder revisited the topic of Bitcoin regulation and Ethereum’s transition to proof-of-stake consensus mechanism.

  • Buterin also talked about altcoins, decentralised finance (DeFi), and non-fungible tokens (NFTs).

Ethereum co-founder Vitalik Buterin has shared some of his biggest predictions in the crypto space over the past decade, admitting in a Twitter thread that he got a few completely wrong.

He also reflected on the lessons learned, explaining where he stands today about subjects such as Bitcoin regulation, stablecoins, the Ethereum proof-of-stake roadmap, and Bitcoin Cash.

On Bitcoin and the regulatory climate

One of Buterin’s earliest comments about crypto regulation is from July 2013, when the Ethereum co-creator talked about increased regulatory attention on Bitcoin and the consequences these would have on the pioneer crypto.

But while he felt Bitcoin was resistant to government interference, he felt growing regulation of Bitcoin services such as exchanges was impactful.

“Bitcoin is resisting the government not by being clever about what ‘legal category’ it’s in, but rather by being technologically censorship-proof,” he summed up his belief in those early days.

As per what he thinks today, Buterin shared that he believes decentralization sits well with Bitcoin and would be the reason it survives even in the harshest of regulatory environments. However, he still thinks just being censorship-resistant isn’t enough if the flagship cryptocurrency were to flourish.

“Sure, Bitcoin’s decentralization would let it still “survive” under a super-hostile regulatory climate, but it could not “thrive,” he noted.

According to him, for a censorship resistance strategy to succeed, the network needs to have both “technological robustness and public legitimacy.” Without these, he opines, chances of thriving are limited.

Ethereum’s PoS and sharding roadmap

On this one, the Ethereum co-founder said it was almost laughable what he put forth as the timeline for the switch from proof of work to proof of stake.

Among the mistakes, he noted, was that he “deeply underestimated the complexity of software development.

On proof of work vs. proof of stake, Buterin feels his earlier outlook on PoW’s energy waste was “apologist.” But now that he’s had an “intellectual evolution” on the topic, what’s good in PoW and PoS.

On Bitcoin Cash, DeFi and NFTs

While he was very positive about altcoins early on, his outlook on some projects has completely changed.

He points out Bitcoin Cash as one of the projects he thinks have failed, with the core reasoning being that its proponents largely coalesced around a rebellion and not competence and coherence.

Among other predictions in the Ethereum whitepaper were ERC20-style tokens, DAOs, Oracles, algorithmic stablecoins, and Domain Name Systems (like ENS).

Buterin’s take is that he got most right, including his idea on Uniswap and basically predicting DeFi. However, he admits to failing to predict NFTs.

The post Vitalik Buterin revisits his early crypto predictions, admits he ‘missed’ NFTs appeared first on Coin Journal.