Ethereum ERC20 Tokens Are Gaining in Total Market Capitalization

[BeManga]

Recent data shows that ERC20 tokens on Ethereum are gaining more and more market share relative to the main project.

Could we see a resurgence of ERC20 tokens on Ethereum?

After 2017, many of them were associated with failed ICOs and no use-case. Many thought that the hype around ERC20 tokens was largely dead. After all, 2018 was a rough year for Ethereum and its token ecosystem. However, ERC20 tokens have bounced back in 2019 despite all odds.

Click here for the full news link

We all know that we’re still waiting for the altcoin season to come, and mostly are coming from ERC20. I don’t know if you guys agree with me or not, but despite the ERC20 tokens are gonna have a resurgence, there’s no guarantee that their prices would lift of as well. It still depends on the project and the number of supporters, interested investors, partners, etc.

The gain was just on the number of ERC20 tokens, not the price and I believe it would not impact well. 2017 was indeed an altcoin season where we can see the price surge of those tokens, but it also creates opportunity for scammers to ride in the trend as well. Most ICOs have failed back then and turned to shitcoins, and it still contributes to the number of ERC20 tokens as of today.

i agree the price of the token really depends on the number of investor , supporter and the purpose of the token
and we cannot depend on the volume because it can be manipulated in exchange so it really hard to know if it is legit

[MI6]

I only consider BAT as erc-20 tokens dominating the market capitalization and it's not even in the top 10.

Yes I think BAT tokens are good right now at Coinmarketcap, and currently in position 29 with a market capitalist of $ 364,843,717 and I think this is a successful ERC20 token in the market.

BAT already have it's product maybe that is why  it's price can  be very good and worth to look as investment. That is what other developers must concern. Because out there a lot of projects don't have product and then make their investor lose in their hope to wait product launched or maybe get better price in market.

[Willitivity]

One thing that can be deduced from this scenario is that some ERC 20 tokens regardless of the Bitcoin movement are holding on to their positions and gradually adding a few % gains. This doesn't totally correlate gaining total market capitalisation. Most of these alts don't even have real volumes on exchanges.

[Katashi]

The majority of the tokens out there is an ERC-20 type and with fake volumes on the exchange then you can come up with gains in total market capitalization. I know that Ethereum has a big potential to grow over time but not all the tokens under it and in the long run, only tokens that have a real use-case will remain.

[beerlover]

The reality is that if you look at  "all ERC20 tokens" they are actually not gaining market cap, there are hundreds of them losing market cap and actually dying slowly and some are even skyrocketing to death However there are few of them that actually has some use case and some has dapps and all that which in return gives you the ultimate "increase in market cap" for the total because those few successful ones had insane returns.

ERC20 token doesn't equal to a good idea, sometimes they are really horrible and sometimes they are just useless in the end, however having that ease of use and easy wallets like mew and meta and so forth gives you that comfort of using it with couple clicks without having to deal with billion wallets or exchanges with KYC and security questions and all that.

[wxxyrqa]

The most important thing that can be said based on the foregoing, that all Ethereum owners are satisfied with the popularity and leadership of erc20 tokens in the cryptocurrency market.  Experts have long expressed their opinion that the largest volume of coins in the cryptocurrency market belongs to tokens built on the Ethereum platform, but the fact that their popularity and quality is much higher is really very good news.  This is another important fact, due to which Ethereum will become a leader in the cryptocurrency market.

[dainoran]

there is still a lot of ERC20 work to produce quality tokens, because of some tokens in my wallet there are still tokens that have not yet entered the market (shitcoin), maybe because at that time many projects (ICO) managed to raise funds using ERC20, but I hope there will be developments in the future ERC20.

[Theb]

If the chart they provided is what the meant by "steadily" gaining on market share then they are just completely riding a bad chart. I have a strong feeling that this article is just made to create FOMO in the market since I don't believe a bullcrap on the chart they have provided especially if you look at the market right now you will see that everything is bathed in red. For the newbies reading this article it might be best to still do your research then just go all out buying ERC 20 tokens which most of them are shitcoins.

[#Darren]

Hopefully some day ERC-20 tokens will make it to get independent from Ethereum. Because ETH was pretty bad science 2017 and ERC-20 based tokens have performed even worse, without any sign of live throughout those two years.

[sana54210]

I don’t know what Ethereum is working towards, but I have also noticed too of recent that Ethereum tokens are beginning to gain some value but my spirit is having this conviction too as many people have predicted that the altcoin season will soon be here if it is not already at the door step and I think that ecr 20 tokens are still the most tokens that will show signs first and they are also the ones that will surge more in price than every other tokens that are on other chain.

It could also be the reason why bitcoin dominance is gradually increasing because the way that bitcoin started earlier, I thought that it would have grown much more than the value it has in this last quarter of the year, but nothing positive has shown on bitcoin part for now.

[shoreno]

gaining ?  i think they arent  . ever since 2018 start , the state of the ico's were going bad and those ico's are mainly using erc20 tokens right ? and demand for these cryptos were also got decline because of the phobia bought bought by scammers and fraud ico projects  .  not only on erc20 but to also on every kind of crypto . the market cap is going down or only got stable because there were no new demand yet but wait till the next year come  . maybe investors are only preparing for the right moment

[NoirSuccubus]

Ethereum is only getting better now and maybe this will slightly affect the ERC20 tokens. However, scammers in this market will always interfere with the development of good projects.

[shinratensei_]

there is still a lot of ERC20 work to produce quality tokens, because of some tokens in my wallet there are still tokens that have not yet entered the market (shitcoin), maybe because at that time many projects (ICO) managed to raise funds using ERC20, but I hope there will be developments in the future ERC20.

That depends on the platform. ERC 20 just a way to create an asset but the result of the development will depend on the developer itself. As per the article that already posted above us and i can see the majority of good projects are still using ERC20 assets. The majority of those projects are coming from the IEO platforms which need a lot of verification to list a project. I have so many shitcoins in my wallet too but i don't care so much about that because that will never come back again. If you are reading the article properly and there will be a huge demand again to the ERC20 asset.
It sounds like you are not yet reading the article. The developer is a party responsible for quality of the token itself.

[btcdie]

This is the case with the needs and development sectors. Ethereum surged rapidly in 2017 due to the need to increase dramatically, due to the need for investors to invest in ICO projects and so on. And now investors or hold are a little disappointed, where the Ethereum platform is full of new ideas and innovations that have been intervened by scammed and low-quality projects (Shitcoin). Maybe if there is a new method for a legitimate and serious project using the ETH platform, this is one form of maximizing, to the very beginning. unfortunately there is currently a competitor for ETH, namely TRON on the basis of TRC10 & TRC20 which is not found on the Ethereum platform. I agree with Ethereum 2.0 later, maybe this can improve the market.

[TheClownSong]

Ethereum is a popular network and is often used by many developer teams to make tokens for the platforms they make. Maybe more than 80% of tokens on the crypto market today are ERC20 and this is what makes the overall market cap big. But in my opinion not many ERC20s are successful in the market due to many factors and one of them is the project abandoned by the developer team

[jcarlo]

gaining ?  i think they arent  . ever since 2018 start , the state of the ico's were going bad and those ico's are mainly using erc20 tokens right ? and demand for these cryptos were also got decline because of the phobia bought bought by scammers and fraud ico projects  .  not only on erc20 but to also on every kind of crypto . the market cap is going down or only got stable because there were no new demand yet but wait till the next year come  . maybe investors are only preparing for the right moment

Scammers use ERC20 tokens more because they are easier to make and cost less. In my opinion there aren't many good projects that still use ERC20 except for a few that are in the top 100 coinmarketcaps. The capitalization value of ERC20 is large because most of the tokens traded are ERC20 tokens but in my opinion not many have good daily transactions and have great liquidity.

[Rodeo02]

Ethereum is only getting better now and maybe this will slightly affect the ERC20 tokens. However, scammers in this market will always interfere with the development of good projects.

And if you calculate the total market of those scam project that was million USD that has been raised from every ICO .
Only few project using ERC20 is good for investment but more of them is no real use cases.

[ATSgrowth]

Do you know why this is happening? It is because there are around 10 000 ERC-20 tokens but all of these tokens that become successful will migrate to the own blockchain.

[X-ray]

Do you know why this is happening? It is because there are around 10 000 ERC-20 tokens but all of these tokens that become successful will migrate to the own blockchain.

Hard truth to swallow, most of the IEO or ICO that are succesful usually have their own planning in the roadmap to create their own blockchain and using ERC20 is just temporary because they are currently testing their mannet or in a beta phase. However I've seen plenty use case of ERC20 aswell but not to become altcoins but instead people are taking advantage of the smart contract to do some miscellanous project.

it's basically the same thing as those IEO coin that are initially based on the exchanges' blockchain and ended up having their own.

[mamahdedeh]

Ethereum is only getting better now and maybe this will slightly affect the ERC20 tokens. However, scammers in this market will always interfere with the development of good projects.

And if you calculate the total market of those scam project that was million USD that has been raised from every ICO .
Only few project using ERC20 is good for investment but more of them is no real use cases.

Scammers just want to earn a lot of money in a short way. they take advantage of loopholes, and indeed erc20 is the most popular wallet, so it is affected, so ethereum drops sharply. but I think the Ethereum Piak has anticipated it and will launch the program in early 2020