TikTok may be the newest social media platform on the block, but it’s quickly gaining popularity with teens and young adults who enjoy its quirky videos. TikTok creators like to use popular hashtags to make their videos more visible to other users, which means that Cryptocurrencies are featured heavily on TikTok at any given time. Here are 5 trending Cryptocurrencies that you might see on TikTok right now… TikTok Users Are Flocking to These 5 Cryptocurrencies
1) Nano (XRB)
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Nano (XRB) is a lesser-known cryptocurrency that has started to pick up some steam on TikTok. This sudden trend could be attributed to the fact that, unlike Bitcoin and other first-generation cryptocurrencies, Nano operates in a very different way. Nano is based on block-lattice architecture, which means there are no miners or proof of work involved whatsoever in transactions with XRB– they’re processed by each individual account holder instead. Because transactions don’t need to go through any type of mining process, the transaction fee for sending Nano is virtually non-existent. It’s also worth noting that while this technology offers many benefits, it’s not without its shortcomings: you can only send Nano if you have an account balance greater than 0. If your balance dips below zero, your funds will automatically move back into your wallet and you’ll lose access to them for a predetermined amount of time before being able to send again.
2) Dogecoin (DOGE)
Dogecoin, DOGE for short, is a Litecoin-based cryptocurrency. It was developed as a joke based on the Shiba Inu dog popularized by an Internet meme, but now it’s among the top 25 coins on CoinMarketCap. If you’re wondering how many people are investing in this coin then the answer is around 100 million people and they are buying it at $0.0037 USD per token. The project has seen success because of its ability to process transactions faster than Bitcoin, making it a better medium of exchange. Stellar Lumens (XLM): Like Ripple (XRP), Stellar Lumens operates as both a cryptocurrency and a platform that supports smart contracts. It aims to connect different financial institutions across the world so that money can be transferred quickly and cheaply.
3) Lisk (LSK)
The 5 cryptocurrencies trending on TikTok right now are Bitcoin, Lisk (LSK), Dash, Waves and Bitcoin Cash. To get started with these coins, check out this video on how to create a wallet for different types of cryptocurrencies like bitcoin. You can also download the Bitpay app from Google Play or the App Store to make paying for items easier. 5 Cryptocurrencies Trending on TikTok Right Now: 5 more popular cryptocurrencies that you might want to start using today are Stellar Lumens (XLM), Ethereum Classic (ETC), Monero (XMR) and Cardano Ada(ADA). 5 Cryptocurrencies Trending on TikTok Right Now: Some other popular crypto’s worth checking out include IOTA, Ripple XRP, NEM XEM, NEO NEO and Dogecoin DOGE.
4) Decred (DCR)
Decred (DCR) is a cryptocurrency based on the proof-of-work consensus algorithm. It’s not as well known or popular as Bitcoin or Ethereum, but TikTok users are buying and selling it at an increased rate. The value of Decred has fluctuated between $42 and $48 per coin since the beginning of 2019. A potential downside of using Decred could be that transactions can take some time because transactions need six confirmations before they’re considered complete. On the other hand, transactions don’t cost anything if you keep your wallet open on your desktop or mobile device.
5) Stellar Lumens (XLM)
Stellar Lumens (XLM) is a blockchain platform that facilitates cross-border payments in various currencies. It also acts as an open source protocol for financial systems like currency exchanges, remittance services, and much more. Right now on TikTok, Stellar Lumens is one of the most popular cryptocurrencies by searches in the keyword section. Since the price has been fluctuating so much recently, it’s understandable why people are drawn to this cryptocurrency. Bitcoin Gold (BTG): Bitcoin Gold’s goal is to make mining easier for everyone by changing how mining works and who gets rewarded with mining rewards. To do this, they use ASIC resistant proof-of-work algorithm Equihash which would make ASIC miners useless on BTG networks.