Data from SantimentA leading platform for cryptocurrency analysis, Ethereum ERC20 has seen a growth of 8.1% in the last week. Analyst attributed the growth of ERC20 to Ethereum’s strong start to this week.
Toncoin, Lido DAO and Ethena are among the best performers on the ERC20 market.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Top-3-Ethereum-ERC20-Coins-To-Watch-This-Week.jpg)
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Three Ethereum ERC-20 Tokens which could be on the rise this week
Toncoin has seen a 21% increase in trading volume over the past seven days. The cryptocurrency is currently ranked ninth by market cap. In the past day, the token fluctuated in price between $6.40-$7.08.
Lido DAO is a protocol for decentralized financial (DeFi), built on Ethereum’s blockchain. It has seen significant growth. LDO’s market capitalization of $2,375216008 has increased by 12% over the last week, and it currently ranks 51st in terms of cryptocurrencies. With a 24-hour volume of $103,867.581, the token has a price range between $2.62 and $2.98.
Ethena’s market capitalization has increased by 12% in the last week. It is now ranked 57th with $1,988,578,965. Token’s 24 hour trading volume reached $1094,141.125. Price has fluctuated from $1.20 up to $1.40.
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The strong performance of ERC20 tokens is due to a number of factors. These include the popularity of decentralized financial applications, and the adoption of Ethereum, a blockchain platform, by developers. ERC20 is on a steady upward trend as investors continue to recognize their potential.
It is important to remember that cryptocurrency remains a highly volatile market and subject to frequent changes. Investors and traders are advised to do thorough research before investing, and should exercise caution when purchasing any digital assets. This includes ERC20 tokens.
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Source: watcher.guru