Best Shitcoins to Buy in 2024

Shitcoins promise remarkable returns, often ranging from 50% to an astonishing 500% or more. In early 2023, investors were gearing up for a bullish market, and the key to success lies in identifying these exceptional opportunities early. Some coins (we will discover them later) have recently demonstrated remarkable profit potential and are poised for a bullish surge. Some are still in their presale phase, offering a prime chance to invest before their ascent. Let’s discover the list of best ones out there for a potential purchase. 

What is Shitcoin?

A “shitcoin” refers to a valueless cryptocurrency or a digital currency lacking clear purpose. This derogatory term is used to describe post-Bitcoin popularity altcoins. A shitcoin’s devaluation often results from waning investor interest due to its speculative creation or pricing. Hence, these digital currencies are considered poor investments.

The process of best shitcoins’ emergence is the following. Bitcoin’s 2009 debut ignited cryptocurrency interest, leading to enterprises exploring blockchain technology for crafting unique altcoins. These digital assets draw from Bitcoin’s blueprint, with disclosed token counts. Bitcoin’s capped at 21 million units; Ether at 18 million annually.

Supply limits imply scarcity, signaling no further tokens beyond a threshold. Added tokens might devalue holdings, like new stocks impacting shares.

Stable altcoin supply ideally links valuation to demand – just like in the case of stablecoins. Yet, due to limited tangible use in real-world transactions, many cryptocurrencies derive value from speculation. Thus, a “shitcoin” gains worth from existence, ascribed by individuals.

Cryptocurrencies have restricted practical utility, anchoring their valuations primarily in speculative dynamics. Identifying “what are shitcoins” involves recognizing a distinct pattern. After an initial phase of interest upon launch, the coin’s value stabilizes. However, within a brief timeframe, its price experiences rapid exponential growth as investors join the fray. Subsequently, a sharp decline unfolds as investors unload their holdings to capitalize on immediate profits.

As long as the fascination with cryptocurrencies persists, the pace of creating and promoting altcoins that might eventually be labelled as “shitcoins” is improbable to experience significant decline. Certain governments, particularly those of South Korea and China, have displayed a proactive interest in curbing cryptocurrency mining activities, whereas nations like Japan have actively fostered the adoption of cryptocurrencies within the broader market landscape.

Before diving into best shitcoins to buy right now, let’s get to know how they differ.

What sets Shitcoin apart?

Based on the Shitcoin white paper, it was established with dual objectives:

• Serving as a medium of exchange for fungible assets: This function allows for smooth transactions and seamless transfers of various assets, enhancing overall versatility.
• Providing a creative platform for minting and selling NFTs: This feature acts as a canvas for digital art enthusiasts to create, showcase, and trade their unique Non-Fungible Tokens (NFTs), fostering artistic expression.

While several projects offer similar features, Shitcoin distinguishes itself through unique tokenomics. The Shitcoin ecosystem incorporates another crypto token, known as Baby Shitcoin.

When purchasing Shitcoin, a 6% fee applies, and selling incurs a 9% fee. These fees are divided to support development, enhance market liquidity, and reward Baby Shitcoin holders. Baby Shitcoin also carries its own transaction fees of 6% for both buying and selling, utilized to bolster liquidity and incentivize holders.

Key Criteria for Spotting Top Shitcoins for Investments

Do all shitcoins have downsides? Not entirely, as some boast robust communities. Consider Dogecoin, once a Bitcoin joke, lacking real-world purpose. However, a dedicated community, including Elon Musk, fueled ATH growth in 2020-21.

Even though they lack a defined purpose, shitcoins have the potential to be lucrative investments if they are supported by large communities. This suggests that there will be a sizeable number of holders prepared to continue purchasing a shitcoin and sustaining its price for the foreseeable future. 

Throughout history, shitcoins have captivated the crypto community with returns of 50–500% or more. The strategy is to identify promising shitcoins to invest and purchase them at favorable prices.

Moreover, a shitcoin might initially lack a clear purpose but evolve to adopt specific use cases. Similar to this, Dogecoin progressed as a payment solution recently, as did coins like Shiba Inu. To enhance attractiveness and user engagement, other meme assets introduced staking and rewards functionalities.

Top Shitcoins for 2023

Let’s review the shitcoins list that might be a good point of interest even for seasoned cryptopreneurs:

Dogecoin

Among the earliest shitcoins, Dogecoin emerged in 2013, initially linked to the ‘Doge’ meme. Despite modest growth initially, its token, DOGE, evolved into a significant global cryptocurrency. In 2021, DOGE surged, with Elon Musk’s influence playing a role. A leap from $0.0045 to a remarkable ATH of $0.73 marked a 16,122% surge. Elon Musk’s tweets added to its popularity.

Despite this, Dogecoin’s volatility stems from limited utility, causing value fluctuations. A 60% drop in the year of 2022 led to a $0.073 price, 90% below its ATH. Nevertheless, as the 9th largest asset, DOGE’s market cap remains over $10 billion.

Dash 2 Trade (D2T)

It is a top 2023 prospect, currently in presale, with 80% sales, over $4M raised, hinting at major exchange listing. Built on Ethereum’s secure ERC-20 standard, Dash 2 Trade ensures seamless token exchange. Token holders access platform with membership tiers for reliable information. Free tier offers basic data, advanced tiers provide insights and analytics. Co-created by Learn2Trade experts, D2T token enables informed trading strategies. A standout investment this season, with a promising future.

Chimpzee

Chimpzee distinguishes from the previous list of shitcoins by offering genuine utility and environmental contributions. $CHMPZ, the native token, fuels Chimpzee’s NFT marketplace, online store, and play-to-earn ecosystem. Traders can earn passive income by staking NFT passports, which AI-replicate faces for up to 20% annual returns. NFT avatars defend against poachers in play-to-earn, gaining $CHMPZ tokens and premium prizes. Purchasing Chimpzee’s merchandise rewards tokens and aids charities. NFT trade-to-earn lets users trade and earn from trading fees. At $0.0007, the price targets $0.00185 at exchange listing. Chimpzee raised $875k in presale. 

IMPT.io (IMPT)

IMPT, a potent cryptocurrency, aligns tech with eco-friendliness as a leading green coin. Users earn carbon credits from 10,000+ eco-friendly brands while shopping, reducing emissions. Accumulated credits enrich IMPT marketplace and can mint NFTs. With potential for 50x growth, IMPT combats greenhouse effects. In presale, investors can engage via Trust wallet or Metamask, enjoying transparent, fee-aware processes.

eTukTuk

eTukTuk joins the best shitcoins lineup as it (TUK) envisions a global network of electric vehicle charging points and proprietary electric vehicles, curbing pollution while supporting TukTuk drivers’ sustainable transit needs. With over 270 million TukTuks operating on Internal Combustion Engines (ICEs), this project aims to transition to zero-emission vehicles. Urban and suburban charging stations will be established via local manufacturing and territory partnerships, enabling TukTuk drivers to recharge and pay using the Binance Smart Chain-based cryptocurrency. Revenue sharing and staking options incentivize participation, and $TUK’s multiple use cases distinguish it from other tokens. With 2 billion total supply, staking rewards and a token presale highlight $TUK’s potential.

Calvaria (RIA)

Calvaria (RIA) coin gains crypto investors’ attention with its promising gas prospects. Play-to-earn bridges crypto and non-crypto realms, letting gamers earn even without wallets. In-game purchases of assets, tokens, NFTs are optional, catering to gamers’ preferences. RIA accessibility via mobile devices enhances its appeal. Currently in presale, an opportunity to invest and hold.

Apecoin (APE)

Apecoin comprises 10,000 unique Bored Ape NFTs on Ethereum, offering premier NFTs for sale. Introduced by Bored Ape Yacht Club in 2022, it’s an ERC-20 crypto with Ethereum-based governance and utility functions. A Metaverse coin, ApeCoin enables Shopping.io purchases from eBay, HomeDepot, Amazon, Walmart, and others, facilitated by Coinbase. Users benefit from a 2% discount for online purchases with Apecoin, that is considered one of the best shitcoins to invest in.

Tips to invest to Shitcoin in 2023

Scammers and fraudulent coin operators are becoming increasingly adept at refining their tactics. They ingeniously imitate legitimate coins to deceive investors. To identify a potential shitcoin, consider these indicative traits:

Project Overview and Team Profile 

Distinguishing legitimate coins from shitcoins hinges largely on the project’s team. Prior to investing, assess their backgrounds and work experience. Shady characters and phony profiles are common indicators in shitcoin ventures, lacking credible work histories.

Whitepaper and Documentation 

Legitimate coins prioritize robust documentation, while shitcoin projects lack proper materials like a white paper. Their vague statements often involve false promises. Genuine coin initiatives heavily emphasize documentation, steering away from token price discussions. Instead, they concentrate on improving underlying technology to enhance product adoption. Shitcoins to buy, on the other hand, have minimal documentation and are overly fixated on token price.

Engage with the Community 

Legitimate coins boast robust, active communities. Even notable shitcoins like DOGE have strong community backing. Conversely, poor shitcoins lack community focus, possibly leading to rug pulls, where funds are illicitly taken from investors.

FAQ

Should I put my funds into shitcoins?

Purchasin even the best shitcoins 2023 lacks merit and often leads to losses. It’s not a viable investment; best-case, humor drives purchases. While Dogecoin and Shiba Inu exemplify joke tokens’ occasional success, failures outnumber wins. Shitcoin initially saw minor success but plummeted, losing over 98% of value in months, with a $20,000 market cap by mid-2022. For genuine gains, focus on substantive projects addressing real issues in cryptocurrency. Joke tokens’ downfall is inevitable, a matter of when, not if.

How were the “best” shitcoins selected for this article?

The shitcoins were selected for this review by assessing their utility, price trends, and growth prospects.

What risks should I be aware of when investing in shitcoins?

Shitcoin is inherently unserious, its name being its sole raison d’être. With no unique functionalities among the sea of crypto tokens, its appeal stems merely from its label.

Purchasing this crypto is ill-advised, further compounded by steep transaction fees. Buying incurs a 6% fee, selling a 9% fee, totaling 15% in fees for both actions involving Shitcoin.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.