What is a Shitcoin?

In the world of cryptocurrency, there are two categories of coins. They are;

• Bitcoin

• Altcoins (any other coins asides Bitcoin)

Under the category of Altcoins, we have coins that have real value and use cases such as Solana, Polygon, etc.

On the other hand, we have coins that do not hold any real value. These coins are called SHITCOINS.

What are Shitcoins?

A shitcoin is a cryptocurrency with little to no value or a digital currency with no immediate, observable purpose. The term is a derogatory term that is frequently used to describe altcoins or cryptocurrencies that emerged after bitcoin became popular.

A shitcoin's diminished value is frequently the result of failed investor interest because it was not created in good faith or because its price was based on speculation.

Shitcoins are easy to spot because they follow a consistent pattern. Although a coin may generate some interest when it first appears, its price remains relatively stable. However, as investors begin to pile in, the price rises exponentially in a short period of time. This is followed by a drop caused by investors selling their coins in order to profit from short-term gains.

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