Looking to get in on the altcoin hype but not sure where to start? In this article, you’ll discover three of the top trending altcoins to buy right now according to TikTok, why you might consider investing in them, and which one could be the best investment out of the three.
Shiba Inu (SHIB) – Is Meme Token Season Back?
Shiba Inu is a long-time fan favorite of the crypto community and one of TikTok’s top trending altcoins to buy right now. Recently, the second most popular meme token has been picking up steam again on the social media platform after a number of exciting new developments.
Investors have been closely watching Shibburn, a website for monitoring the “burning” of SHIB’s supply after the burn rate picked up at the start of the year. Since the beginning of 2023, over 600 million SHIB tokens have been burnt – nearly as much as the entire month of November 2022!
Moreover, Shibarium, a layer-2 scaling solution for Shiba Inu, has been teased by SHIB’s leader developer Shytoshi as nearly ready, who stated “everything is near.” Shibarium is hotly anticipated by the TikTok community since it’s expected to facilitate faster and cheaper transactions.
What’s more, the Solana-based meme token BONK has been gaining traction amongst TikTok users, which has prompted some to speculate that meme token season is back. This has led to a surge in interest in SHIB and, alongside the other fundamental factors mentioned, makes the Dogecoin-killer one of the best trending altcoins to buy right now, according to TikTok.
Solana (SOL) Sees Renewed Interest
Given that BONK has been such a hit with TikTok investors, it’s no surprise they’re also bullish on Solana. BONK was airdropped to Solana developers, creators, and NFT holders, with around 50% of its total supply sent out since late December, as per Forbes. This has led to renewed interest in SOL, with the token up almost 44% since the start of 2023.
Despite tumbling heavily following FTX’s collapse, Solana looks to be back on the right path. Austin Federa, head of strategy and communications at the Solana Foundation, says that on-chain activity has continued to grow, attracting both users and developers alike. Additionally, Solana received a boost from Ethereum co-founder Vitalik Buterin after he tweeted that “some smart people” believe the chain “has a bright future” now that the “awful opportunistic money people have been washed out” and that he hopes “the community gets its fair chance to thrive.”
While it remains to be seen what the long-term effects of the FTX collapse will be for the Solana ecosystem, there’s no denying its popularity amongst TikTok users. As such, Solana is one of the best trending altcoins to buy right now.
Metacade (MCADE) is Setting the Standard for Play-to-Earn
Metacade is a social gaming platform that’s been attracting a lot of attention from TikTok investors as of late. More specifically, it’s a community hub where play-to-earn (P2E) gamers can connect with like-minded enthusiasts, discover multiple ways to earn from P2E gaming and play exclusive titles developed in tandem with the Metacade community.
There are plans for community-centric features, like live chats, forums, events, reviews, and leaderboards. It even includes spaces for learning the hottest tips and tricks shared by P2E veterans! One of TikTok’s favorite features of Metacade, however, is the community rewards system. Posting reviews, offering alpha, and sharing useful content with the community, all earn users MCADE tokens for helping make Metacade the top spot for all things GameFi.
Perhaps the most exciting aspect of Metacade, according to some TikTok users, is the Metagrant program. Metagrants offer funding to developers to create games the community wants to play. Developers compete to win votes from the community in Metagrant competitions, with winners awarded funding from Metacade’s treasury to kickstart game development. The goal is to produce dozens of community-backed titles, helping shape a bright future for P2E gaming.
Of course, it’s no surprise that users of TikTok are interested in feature-rich community spaces. But considering the wider picture, it’s clear to see why MCADE has picked up traction. GameFi is one of the fastest-growing sectors in crypto and gaming as a whole, and the MCADE token still being in presale means that investors have everything to gain if all goes according to plan. That’s why Metacade is one of the hottest trending altcoins to buy right now.
Metacade (MCADE) is the Top Trending Altcoin to Buy Now
When choosing to invest in cryptocurrency, it’s always best to look to the long-term to guide your choices. Short-term trends might bring you profit if you’re quick, but more often than not, it leads to investing based on your emotions, which leads to mistakes. While SHIB and SOL might continue their bullish momentum, the hype surrounding them could quickly be replaced by other altcoins.
That’s why Metacade could be considered the best trending altcoin to buy right now for the long term. Not only has it generated hype amongst TikTok investors, but its future prospects look bright, considering its excellent value proposition and the expected growth of the GameFi sector.
If you’re thinking of getting involved, you’d better be quick! The MCADE presale is currently underway, and already $2 million worth of MCADE has been sold in stage 1. With just 7 stages left, time is running out to become an early investor in one of P2E’s shining stars.
You can buy Shiba Inu (SHIB) and Solana (SOL) at eToro here.
You can participate in the Metacade pre-sale here.
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