With the growing popularity of Cryptocurrencies, different types of digital currencies are coming into the discussion. You must have heard the name Shitcoin, but do you know what it is? Let’s find that out!
Shitcoin is subjective and can refer to cryptocurrencies with no apparent function or projects that are potentially undervalued or have a market cap below $1 billion. Shitcoin may also refer to meme tokens and is considered an underdog in the cryptocurrency market.
What Are the Best Shitcoins to Buy?
Now, let’s see what are the best Shitcoins to keep an eye on!
Love Hate Inu
This is one of the top Shitcoins that you can invest in 2023. Inspired by cryptocurrencies such as DOGE and SHIB, it offers a unique twist that attracts global investors.
Dogecoin (DOGE)
| Dogecoin Overtakes Bitcoin |
| The volume of transactions on the DOGE cryptocurrency blockchain  hit an ATH of 628,209 , getting ahead of Bitcoin and Litecoin. This dynamic is related to the activity around the DRC-20 standard tokens that allow you to create new digital assets on top of the Dogecoin blockchain. |
This is the first and foremost meme coin based on a dog theme which has experienced considerable advancements. Although it first focused on the mockery of cryptocurrencies, it soon emerged as one of the costly coins whose potential users can tap into. The creators of DOGE undertook approaches for DOGE to become a practical and viable entity in the market. DOGE supporters accept Shitcoin as a viable currency, and companies such as Tesla and the Boring Company have started accepting DOGE as payment.
Shiba Inu (SHIB)
Post the success of DOGE as a dog meme coin, other dog coins started flourishing in the market, including Shiba Inu, launched in 2020. It was referred to as “Dogecoin Killer” by its users, and as a literal symbol, it overtook the market cap of Dogecoin in October 2021. It is currently the 15th largest cryptocurrency, comprising a market cap of over $7.2 billion.
ApeCoin (APE)
This was launched in 2022 by the same team that created the Bored Ape Yacht Club, which comprised 10,000 unique Bored Ape NFTs. An ERC-20 cryptocurrency offering governance and utility features, ApeCoin’s price was initially around $6.50 during its first launch in March 2022. Within hours, APE tokens were trading for approximately $40 each before returning to earth. ApeCoin was initially developed as a Metaverse crypto coin and can also be utilized for online purchases via Shopping.io, which lets people access products from Amazon, eBay, Home Depot, Walmart and more.
Tamadoge
This is an exciting form of Shitcoin, which sold out 19 million dollars as a presale amount. Tamadoge is a part of the Tamaverse as a native cryptocurrency token and can offer more than the bare potential of Shitcoins. It provides an NFT-based play-to-earn platform combining gaming with decentralized finance (DeFi) elements.
MonaCoin
The main advantages of MonaCoin are its active and dedicated community and 1.5-minute transaction processing time. It has earned considerable popularity in Japan after a television advertisement supported it.
Dogelon Mars (ELON)
Post-debut, this coin experienced an instant rise and more than 30,000% growth. The trading activity of Dogelon Mars has grown, too, with 24-hour trading amounts reaching up to $100 million. In conjunction with the recovery of the crypto market and the resurgent Shitcoin mania, these stats are set to lead Dogelon Mars to new highs by the end of 2023.
Floki Inu (FLOKI)
It is the most suitable Shitcoin for multi-chain functionality. It was launched in the cryptocurrency market in August 2021 and is a dog-themed Shitcoin. Its users focus on community building while leveraging it as a viable utility token.
SafeMoon
This is a Shitcoin that has experienced rapid growth of up to 2,000,000%. However, since the crypto market had already experienced a crash before investors invested in this particular coin, the developers focused on retaining brand interest and growth of the SafeMoon community for the next gathering, which may occur in the second half of 2023 with the recovery of the cryptocurrency market.
C+ Charge
This is an innovative form of Shitcoin that you can invest in and earn a tokenized form of Carbon credits for yourself. It offers a peer-to-peer payment gateway that can be utilized for electric vehicle charging stations and is considered a top Shitcoin that users can invest in 2023.
You Need a Thorough Understanding before Using Any of These Shitcoins
The cryptocurrency market has considerable potential, and Shitcoin comprises a new trend that is becoming increasingly popular. They possess the potential to make you rich within a short period. Before investing, you must conduct the requisite research on the project and gain a thorough understanding before making any financial commitment.
Disclaimer: Investing can be quite a wild ride – especially when you don’t know the terrain! To keep things from getting too rocky, take some time beforehand to get familiar with all of the risks involved. Our site is here to up your investor game by providing all available intel about platforms and trends, but we don’t take responsibility nor can we be held accountable as advisors. That being said, it’s still important for you to make educated decisions that match what works best for YOU – just remember: no amount of savvy will guarantee success or protect against loss so invest money you can spare
