What is Shitcoin?
Let's find out Shitcoin meaning, definition in crypto, what is Shitcoin, and all other detailed facts.
Shitcoin refers to a coin that has little or no value and no evident function in the near future. It is often used to describe altcoins or cryptocurrencies that arose in response to the success of Bitcoin. Since shitcoins are not established in good faith or their prices were founded on speculation, they often lose value due to falling investor interest. As a result, these currencies are regarded as poor investments.
Shitcoins are easy to spot since they have a consistent pattern. Although a coin might generate some curiosity when it is first released, its price remains quite stable. However, when more investors get on board, the price rises enormously in a short period of time. Following that, investors dump their coins in order to profit from short-term gains, causing the price to plummet.