Investing in shitcoins offers an exciting yet unpredictable experience in the cryptocurrency market. Like a game of musical chairs, investors must act quickly to secure profits before opportunities vanish.
Shitcoins thrive on hype; their values can soar dramatically when attention peaks. While they don’t protect against fiat debasement or inflation, they help promote crypto adoption.
Some shitcoins, such as Dogecoin (DOGE), have seen massive price increases—Dogecoin rose an incredible 160,000% from its all-time low. In this guide, we’ve identified the best shitcoins to invest in right now, with Wall Street Pepe (WEPE) as our top pick.
We revised this page in November 2024 to remove some outdated listings.
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- Stake $WEPE to earn passive rewards
- ETH
- BNB
- USDT
- +1 more
- Solana's first-ever Layer 2 solution, fixing congestion & speed issues
- 2809% dynamic staking rewards mean huge returns possible for early buyers
- Multi-chain deployment means trading will be seamless
- ETH
- USDT
- Debit
- +1 more
- A new meme coin with a vote-to-earn mechanism. Over $740k were raised, the presale is ongoing
- Participating and staking during the presale offers higher staking rewards
- The smart contract has been audited by Solidproof
- ETH
- USDT
- BNB
- +1 more
- Best Wallet Token buyers get early access to trusted presales and new crypto projects.
- Hold $BEST and maximize your staking returns on the Best Wallet staking aggregator
- Presale participants can trade with even lower fees on Best Wallet
- USDT
- BNB
- ETH
- +1 more
- World's First Meme Coin Index
- Buy & Stake $MEMEX for Massive Rewards
- $MEMEX Holders Gain Voting Rights
- ETH
- USDT
- Debit
- +1 more
- Fun feline meme coin with the potential to be the next Smog
- Take part in a global Slap-Off to earn Slapometer points for your country
- Stake your purchase and start earning extra $SLAP tokens
- USDT
- Debit
- ETH
- A meme token with up to 257% in rewards
- CEX listing and a play to earn game on the roadmap
- Sponge V1 made 100x in 2023. Join V2 presale
- ETH
- USDT
- Debit
- An everyday point-of-sale solution for cryptocurrencies
- Poised to launch on over 4.5 million devices across 9 countries in 2024
- Allows merchants to receive KYC'd crypto payments in fiat
- Supports over 325 crypto wallets
- ETH
- USDT
- Debit
- +5 more
Our picks of the best shitcoins to invest in
Let’s start with a brief overview of each of our picks for the best shitcoins to buy in 2024.
- Wall Street Pepe (WEPE): Popular shitcoin with generous staking yields and alpha calls for profitable trading.
- Solaxy (SOLX): First-ever layer-two Solana blockchain offering faster transaction speeds and higher scalability.
- Flockerz (FLOCK): Offers vote-to-earn rewards through its DAO-based ecosystem. Presale staking rewards go for over 1,666% APY.
- Best Wallet Token (BEST): Utility token of the Best Wallet with reduced transaction fees and higher staking yields for token holders.
- Catslap (SLAP): Popular meme coin with cat-slapping game and staking rewards.
- Sponge V2 (SPONGEV2): The second coming of a hugely popular shitcoin. Offers a play to earn game for additional reward opportunities
- Dogwifhat (WIF): Solana-based meme token that has quickly broken the $1 and $2 barriers.
- Pepe (PEPE): Pepe the frog-inspired shitcoin that achieved highs of +14,000% less than a month after it was introduced.
- Bonk (BONK): One of the most successful shitcoins of all time, this Solana meme coin is up by 40,000% since its launch.
- Turbo (TURBO): With AI at its core, this shitcoin prioritizes community governance and aims to build a one-of-a-kind ecosystem for its users.
- Show Full Guide
A closer look at the best shitcoins to buy right now
Here is a detailed look at our 10 best shitcoins to invest in, complete with the background, features, advantages and drawbacks of each project.
1. Wall Street Pepe (WEPE): The best shitcoin to invest in right now
Wall Street Pepe (WEPE) is the best shitcoin that offers generous staking yields during the presale, exclusive trading insights, and alpha calls for token holders. This project aims to give small traders tools to challenge insiders and whales in their trading game.
To access these tools, you need to hold WEPE tokens. Luckily, WEPE is now offered in a presale, giving early investors an opportunity to purchase them at a discounted price. Moreover, early investors can further increase their holdings by staking. Currently, there’s a dynamic APY of over 400% for those who lock their tokens.
Being dynamic means the APY will drop, making it prudent to stake as early as possible to take advantage of both the lower token price and higher staking yields.
Aside from its utility, Wall Street Pepe is a meme coin at its core. Meme coins have dominated in 2024 and are likely to continue dominating in 2025, giving massive returns to investors. With all it has to offer, Wall Street Pepe is undoubtedly the best shitcoin to invest in.
Read the Wall Street Pepe whitepaper for more information. Also, follow Wall Street Pepe on X to get the latest updates.
Pros
- Utility via alpha calls and exclusive trading insights
- Offers high staking yields
- Viral potential
Cons:
- The staking yields will drop during the presale
- Strong competition in the meme coin space
2. Solaxy (SOLX): Multi-Utility L2 Solana Blockchain Token
Solaxy ($SOLX) is the world’s first layer-two (L2) blockchain built on Solana. The main goal is to solve Solana’s network issues – such as congestion, scalability limits, and failed transactions. Recently launched on presale, Solaxy has raised nearly $7 million in no time.
Solaxy’s main feature is to offload transactions from the main network onto the L2 network – reducing the data burden on Solana. This will help increase transaction speeds and the overall efficiency of the platform. Solaxy also engages in transaction bundling to optimize scalability – keeping costs low and throughput high.
In addition to these features, Solaxy also ensures zero downtime by executing off-chain transactions – ensuring uninterrupted services even during network surges. The multiple use cases cement Solaxy as more than just a shitcoin – it is a multi-utility token that will improve upon scalability, costs, and transaction speeds.
For long-term investors, $SOLX can be staked on smart contracts to generate an APY of up to 562%. From a 138.046 billion token supply – 25% will be allocated via staking rewards. To learn more, read the Solaxy whitepaper and join the Telegram channel.
Pros
- Provides up to 562% annual staking rewards
- Offloads transactions to the L2 network to improve scalability
- Ensures zero downtime during periods of network surges
Cons:
- New presale tokens can be very volatile
- The features have not launched yet
3. Flockerz (FLOCK): Community-driven meme token with a unique vote-to-earn feature
Next on our list of best shitcoins is Flockerz ($FLOCK), a vote-to-earn meme coin that aims to launch a decentralized autonomous organization (DAO).
$FLOCK, the project’s native token, provides governance and staking utility. Through the FlockTopia DAO, $FLOCK holders can vote on key decisions for the Flockerz ecosystem. The more they vote, the more they get rewarded with $FLOCK.
Interested investors can purchase $FLOCK while the project runs its presale. Users can buy the meme coin with ETH, USDT, BNB, or a credit card. $FLOCK is currently priced at $0.0058394. Additionally, presale buyers can stake their $FLOCK holdings for over 1,666% APY.
The $FLOCK presale has raised more than $1 million in just over a month. For more information, check out the Flockerz whitepaper. For the latest token updates, join the project’s Telegram channel.
Pros
- Impressive presale that raised more than $347K so far
- High staking APY at presale of over 1,666%
- Unique vote-to-earn mechanism allows for more decentralization
Cons:
- Limited token utility apart from staking and vote-to-earn
- No token burns have been planned
4. Best Wallet Token (BEST): Shitcoin with utility within the Best Wallet ecosystem
Best Wallet Token ($BEST) is a popular shitcoin, especially for those who use the Best Wallet. This is the fastest-growing non-custodial wallet that supports multiple blockchains. Users can do cross-chain swaps with the Best DEX integration and buy crypto with a card. The $BEST token unlocks features and benefits to its holders.
By holding $BEST, you get reduced transaction fees across the Best Wallet ecosystem. This could make swapping within your wallet cheaper than moving to exchanges. On top of that, those looking for passive income via staking get to earn higher yields on the Best Wallet staking aggregator.
One of the most valuable features for token holders is undoubtedly the access to new and trusted presales as soon as they launch at Stage 0. This allows Best Wallet users to buy a presale they like at the starting price, which is the lowest while the presale lasts.
Best Wallet Token holders also have the ability to vote on the project’s governance and shape its direction.
Check out the Best Wallet Token whitepaper for more information. Also, follow Best Wallet on X for the latest news.
Pros
- Get reduced transaction fees across the Best Wallet ecosystem
- Get higher staking yields in the Best Wallet ecosystem
- Access early presales at Stage 0
Cons:
- The staking yields will drop during the presale
- Strong utility only within the Best Wallet ecosystem
5. Catslap (SLAP): Popular shitcoin with cat-slapping game
Catslat ($SLAP) is a hot new shitcoin that has already launched on exchanges with a $1 million market cap and now boasts $a 55 million market cap, making massive returns to investors who caught it early.
However, there’s still more room to grow. Popular meme coins have a market cap of several billions of dollars, translating to 20x or more gains if $SLAP manages to keep the FOMO going.
This shitcoin, aside from having a fun cat mascot, comes with a cat-slapping game where players earn points for their countries. Eventually, there could be rewards for the slapping as 10% of the total token supply is allocated to community rewards.
Investors looking for passive income could lock their $SLAP tokens into the staking smart contract and get a dynamic APY of 40% at the moment.
Read the Catslap whitepaper to learn more about the project and follow Catslap on X to get the latest news.
Pros
- High potential to go viral
- Staking rewards
- Potential rewards for the cat-slap users
Cons:
- The staking yields will drop in time
- This shitcoin is already launched on exchanges
6. Sponge V2 (SPONGEV2): V2 of hugely popular 2023 meme coin with listing potential
One of the most popular meme coins of 2023, Sponge quickly surged to a $100m market cap and hit the 100x milestone.
In 2024, the coin has returned with Sponge V2, transitioning the existing community to the Polygon network to enable lower transaction fees. Token holders can use the stake-to-bridge mechanism to stake their tokens on the new V2 smart contract.
The project boasts some interesting utility, including a play-to-earn racing game, in which holders can earn $SPONGEV2 tokens. Users can play a free version of the game if they wish, or opt for the premium version to spend and earn tokens through gameplay and leaderboard rankings.
The impact of the new version’s launch is clear, with the token achieving its all-time high of $0.00421 in March 2024. That said, one thing for potential investors to be wary of is that the Sponge V2 developers remain anonymous, as is often the case with meme coins.
However, all-in-all, Sponge’s play-to-earn utility and potential for further viral impact help it cement its place as one of the best shitcoins to buy right now.
Pros
- Meme coins are hot in the cryptocurrency market right now
- Potential to replicate the 100x success of Sponge V1
- Play-to-earn utility
Cons:
- Unknown whether success of Sponge V1 will be replicated
- Anonymous developers
7. Dogwifhat (WIF): Dog-themed meme coin among top-100 cryptocurrencies
The original inspiration for newcomer $FWIF, Dog Wif Hat launched just before Christmas 2023 and immediately saw explosive growth.
To be precise, the meme token is up more than 700% after less than three months on the crypto market, having soared above the $1 and $2 marks during that time. As a result the project’s market cap currently exceeds $1.3 million.
This growth is largely due to the project’s growing online profile, with prominent industry figures such as BitMEX co-founder Arthur Hayes publicly endorsing it. As a result, the $WIF community is growing, having recently surpassed 50,000 holders.
Though it is often difficult to judge whether a shitcoin will be successful, the signs are positive for $WIF. In particular, the token’s market cap and price is still modest despite its impressive recent growth, making the entry-point accessible for many investors.
Based on this, $WIF, despite its early success, still qualifies as one of the best shitcoins to invest in.
Pros
- Unique and individualistic branding
- Follows a long line of successful dog-themed coins
- Offers satisfying simplicity
Cons:
- Unknown whether success of project’s such as Dogecoin and Shiba Inu will be replicated
- Completely lacking in features and utility
8. Pepe (PEPE): Legendary Ethereum-based meme coin
Inspired by the Pepe the Frog cartoon character, $PEPE has gradually become the ultimate meme coin, and one of the best shitcoins on the crypto market.
Since its launch in April 2023, the token has surged by more than 12,000%, earning a market capitalization of more than $3bn and a place among the top 50 coins on the crypto market.
Like many shitcoins, the growth of Pepe coin has been slow. Following a modest uptick in value just days after launch, the coin tanked, and failed to record any significant gains until earlier this year.
However, the coin has sharply rebounded amid 2024’s meme coins bull run, soaring by a remarkable 900% between the beginning of February and mid-March 2024.
$PEPE has established itself as a pure shitcoin, with the developers establishing a no-tax policy and acknowledging the coin’s fundamental lack of utility.
Another selling point for the project is its deflationary nature, meaning the number of coins in circulation is set to decrease over time. This is likely to be a selling point for those eyeing major gains.
Taking all of this into account, we believe that Pepe still has further potential in 2024. Therefore, it comfortably makes our list of the best shitcoins to invest in.
Pros
- Strong community of backers
- Deflationary
- Proven, consistent success
Cons:
- The meme coin market is known for its volatility
- Possible that the prime opportunity for this project has passed
9. Bonk (BONK): One of the most profitable meme coins of all time
Bonk is another heavy hitter in the cryptocurrency space, having enjoyed gains of more than 15,000% since its launch and placing comfortably among the top 100 crypto meme tokens on the market.
However, like Pepe, the meme coin’s journey has been staggered, seeing virtually zero growth for a full year after its launch in December 2022.
Despite this, the beginning of 2024 has been highly fruitful for the dog-themed coin, having surged by nearly 200% in the two months following January 1. Overall, $BONK is now comfortably one of the most profitable shitcoins of all time.
Despite appearing as just another meme coin in a vast cryptocurrency market, the $BONK developers claim that its purpose is to be “the first Solana dog coin for the people, by the people”, with half of the token’s supply being airdropped to Solana holders.
The Bonk team also claims that the token has been integrated more than 130 times across sectors such as gaming, gambling and NFTs.
Consequently, we think that $BONK has the potential to offer shitcoins investors significant value in 2024.
Pros
- The coin has had a wide range of integrations across multiple sectors
- 50% of token supply airdropped to holders
- Dog-themed projects are naturally advantaged
Cons:
- Risk of insider dumping
- Prime time for gains may have passed
10. Turbo (TURBO): AI-driven Shitcoin centered on a cartoon toad
Turbo (TURBO) has earned its place on my best shitcoins list due to its impressive performance, with a current price that is 14,766.00% higher than its all-time low. This remarkable rise reflects its potential as an innovative project in the cryptocurrency space.
Turbo originated from a unique experiment by Australian digital artist Rhett Mankind, who sought to combine human creativity with artificial intelligence.
Tasking GPT-4 to develop the “next big meme coin” on a modest budget, Mankind’s vision birthed the TurboToadToken (TTT), centered around a whimsical cartoon toad named Quantum Leap.
Although the project encountered setbacks, including a bot attack that drained liquidity, Mankind persevered and pivoted to a crowdfunding model, rebranding it as TURBO.
TURBO is distinguished by its community-driven governance, which focuses on decentralization and innovation. The total supply of TURBO tokens is capped at 69 billion, and holders gain governance rights and access to exclusive features. The project aims to merge AI with blockchain technology, creating a sustainable, transparent ecosystem that empowers its users.
The best shitcoins to buy in 2025 compared
Project | Token | Chain | Supply | Launch |
Wall Street Pepe | WEPE | Ethereum | 200B | 2024 |
Solaxy | SOLX | Solana | 138.046B | 2024 |
Flockerz | FLOCK | Ethereum | 12B | 2024 |
Best Wallet Token | BEST | Ethereum | 10B | 2024 |
Catslap | SLAP | Ethereum | 9B | 2024 |
Sponge | SPONGE | Ethereum | 150B | 2023 |
DogWifHat | WIF | Solana | 998M | 2023 |
Pepe | PEPE | Ethereum | 420T | 2023 |
Bonk | BONK | Ethereum | 92T | 2022 |
Turbo | TURBO | Solana | 69B | 2023 |
What are Shitcoins?
Shitcoins are cryptocurrencies with questionable real-world value, often launched as experimental, humorous, or speculative digital assets.
Typically, these coins have minimal utility, are highly volatile, and rely on social media-fueled hype to gain traction. Most lack meaningful technology or project backing, separating them from more established assets like Bitcoin and Ethereum.
Unlike altcoins, which are generally created as alternatives to Bitcoin with specific technological goals or niche utilities, shitcoins often lack any unique functionality or purpose. The label “shitcoin” can apply to meme coins, coins launched without substantial development plans, or assets abandoned by their creators.
Despite the risks, shitcoins attract investors with the promise of massive price spikes, with some traders hoping to benefit from rapid price swings. However, investing in shitcoins carries high risks, as these coins can quickly lose value or be affected by market manipulation.
Benefits of Shitcoins for crypto: Why Shitcoins exist?
Shitcoins play a unique role in the crypto ecosystem by attracting new users who might not initially be drawn to established assets like Bitcoin.
Many people enter crypto through the excitement of high-risk, high-reward investments. Watching these assets’ prices soar — and often fall — gives people an early taste of crypto’s volatility and potential rewards.
Although many lose money (unfortunately), these experiences often serve as a learning curve, encouraging deeper exploration of fundamental cryptocurrencies like Bitcoin. For some, it takes a “full cycle” of witnessing the highs and lows of various shitcoins to appreciate Bitcoin’s stability and value as a hedge against inflation and government overreach.
In essence, shitcoins act as an on-ramp, drawing in new investors who might eventually become long-term Bitcoin advocates. By supporting broader interest in crypto, shitcoins indirectly contribute to Bitcoin’s growth and adoption, reinforcing its standing as the core asset in the crypto market.
“With shitcoins, you get a taste of winning, unlike lotto tickets.”
Risks of investing in Shitcoins – Are Shitcoins safe investments?
Investing in shitcoins can yield astonishing returns — many investors share stories of hitting big wins, like buying Dogecoin at $0.045, only to sell at $0.33 and rake in a six-figure profit.
Others have seen 10x or even 100x gains, turning small amounts into significant wins by cashing out as soon as they hit a profitable mark. A few hundred dollars in a highly speculative shitcoin might double or triple within days, and such returns are more than enough to cover the inevitable losses along the way.
However, shitcoins come with intense volatility and major risks. Much like the infamous Tulip Bulb Mania in 17th-century Holland, where the prices of rare tulips skyrocketed before a massive crash, shitcoins are highly speculative and vulnerable to dramatic price swings.
They can lose value anytime, often based solely on hype and social momentum. Meme coins, for instance, depend heavily on attention and the community, almost like monetizing popularity. When interest wanes, prices plummet. Ultimately, shitcoins can make quick money for the lucky few, but they often fall to zero for many.
Pros and cons of investing in Shitcoins
Pros:
- High-Risk, high-reward potential: Some shitcoins have seen astronomical price increases, offering the chance for substantial profits.
- Lower barriers to entry: Many shitcoins have low initial prices, making them accessible to small investors.
- Potential for passive income: Some shitcoins offer staking rewards or other forms of passive income.
- Access to emerging technologies: As seen above, investing in shitcoins can expose investors to emerging technologies like blockchain and decentralized finance.
- Potential for wealth creation: A few lucky investors have become millionaires through shitcoin investments.
- Potential for community building: Some shitcoins foster strong communities that contribute to the project’s development.
- Potential for Disruption: Some shitcoins may disrupt traditional industries and business models.
Cons:
- High risk of loss: Shitcoins can be seen as a high-risk investment, similar to a game of musical chairs, where you need to act fast to secure your profits.
- Lack of fundamental value: Shitcoins often lack real-world utility or underlying value, making their price fluctuations unpredictable.
- Market manipulation: The market for shitcoins is susceptible to manipulation by insiders or large investors (whales), leading to sudden price swings.
- Scams and rug pulls: The cryptocurrency market is rife with scams, and shitcoins are particularly vulnerable to rug pulls, where developers abandon projects and abscond with funds.
- Volatility: The prices of shitcoins can fluctuate wildly, making it difficult to time buying and selling decisions.
- Illiquidity: It can be difficult to sell shitcoins, especially in illiquid markets, leading to significant price slippage.
- Opportunity cost: Investing in shitcoins can divert funds from more stable and reliable investment options.
- Ponzi-scheme structures: Some shitcoins may be Ponzi schemes, where early investors are paid with funds from new investors.
- Tulsi-bulb scheme structures: The cryptocurrency market is prone to speculative bubbles, where prices rise rapidly and then crash.
Tips for spotting Shitcoins with upside potential
Spotting a “shitcoin” with potential isn’t an exact science as there’s no foolproof formula, but tracking whale activity is one of the most revealing strategies.
Whale wallets often drive these pumps, and it’s fairly easy to see when they’re taking profit or when fresh capital is flowing in. Learning to read charts and analyze the blockchain can give you a huge edge.
Here are more tips to help you study the market and find potential winners.
- (Important!) Community engagement: A vibrant, active community often indicates genuine interest. Well-planned incentive structures are key here, as good incentive models foster growth.
- Market sentiment: Monitor forums and social media for general sentiment trends.
- Token utility: Check if the token has an actual use case within a real ecosystem.
- (Important!) Tokenomics analysis: Healthy supply and demand dynamics are crucial for long-term value. Also, check token release schedules — large unlocks can tank the price. Meanwhile, also examine Token Lockups — long lockup periods indicate faith in the project.
- Exchange listings: A coin on reputable exchanges often gains more attention and liquidity.
- (Important!) Token distribution: Low allocation to the team prevents excessive insider influence.
- Liquidity Levels: Low liquidity can make selling hard if prices drop. Check decentralized exchanges for liquidity levels.
- Early-stage indicators: Projects with smaller market caps may have higher growth potential.
- Track Vesting Periods: Avoid projects with vesting periods that flood the market.
Shitcoins vs. Blue-chip cryptos: Comparative analysis of where to Invest
In this section – let’s compare shitcoins with established assets such as BTC and ETH, emphasizing their different risk profiles and see how each category fairs.
Feature | Shitcoins | Blue-chip cryptos |
---|---|---|
Volatility | Extremely volatile, high price swings | Relatively stable, lower volatility |
Project maturity | Often new and untested projects | Established projects with a proven track record |
Technology | Often lacks innovative or robust technology | Strong underlying technology and innovation |
Community size and engagement | Smaller, less engaged communities | Large, active, and engaged communities |
Regulatory Compliance | Often lack regulatory compliance | Adhere to regulatory standards |
Use cases | Often unclear or speculative use cases | Clear and practical use cases |
Liquidity | Low liquidity, difficulty buying and selling | High liquidity, easy to trade |
Tokenomics | Often poorly designed tokenomics with inflationary tendencies | Well-designed tokenomics with deflationary or stable features |
Long-term Potential | High risk, high reward; potential for significant gains or losses | Lower risk, lower reward; potential for steady, long-term growth |
Development activity | Less active development and updates | Consistent development and updates |
Investor base | Primarily retail investors and speculators | Institutional investors and sophisticated traders |
Technical analysis | Difficult to analyze due to high volatility and lack of historical data | Easier to analyze with established patterns and trends |
Fundamental analysis | Limited fundamental analysis due to lack of financial information | Extensive fundamental analysis available |
Investment strategy | Short-term speculation | Long-term investment |
Diversification | Part of a diversified portfolio | Core holding in a diversified portfolio |
Whitepaper quality | Often poorly written or lacking in technical detail | Well-written whitepapers with detailed technical specifications |
Price manipulation | Vulnerable to price manipulation | Less susceptible to price manipulation |
How to buy shitcoins in 2025: The process
While experienced crypto investors should have no problem investing in shitcoins, the process may be unclear for novices. Here is a basic rundown of how to buy shitcoins, using Pepe Unchained (PEPU) as an example.
Step 1: Choose a reputable cryptocurrency wallet, such as Best Wallet.
Step 2: Create an account with your chosen wallet provider, following the steps to provide your personal details and credentials.
Step 3: Load your crypto wallet with currency using your chosen payment method. Popular methods include fiat currency transfer via credit/debit card, bank transfer, or cryptocurrency transfer from another wallet.
Step 4: Buy Ethereum. This is necessary as Pepe Unchained is built on the Ethereum chain. You can do this using a centralized crypto exchange such as Coinbase, or a decentralized exchange such as Uniswap.
Step 5: Buy $PEPU by swapping it for Ethereum. Since this project is still in its presale phase, this must be completed via the Pepe Unchained website.
How to buy Shitcoins safely
Buying shitcoins safely requires a mix of patience, strategy, and solid risk management.
First, pick the right exchange — reputable platforms like Coinbase, MEXC, or decentralized exchanges (DEXs) such as Uniswap and PancakeSwap often offer these coins. Wallets are essential for securely storing your assets, so consider options like MetaMask or Best Wallet, which support a variety of shitcoins and allow easy access to decentralized exchanges.
Timing is everything when buying shitcoins. Many traders agree that bear markets, with their steady drops and brief recoveries, can provide consistent, small gains if you’re patient.
Take advantage of dips to buy and consider selling green candles to secure 10% profits. This way, you can reinvest when prices fall again, slowly compounding your returns. Avoid using leverage, as meme coins are already volatile, and even small movements can lead to major losses.
Mindset and discipline are key. Greed often leads traders to hold too long, waiting for a 100% return instead of settling for more modest profits. Instead, focus on small, consistent gains; even 10-15% annually can outperform many traditional investments.
Lastly, explore airdrops and rewards, as these can offer free tokens with future value. But act fast: as soon as they list, convert them into more reliable assets. With a careful approach, you can safely explore the shitcoin market.
How we evaluated and ranked the Shitcoins on our list: Methodology
We analyzed 40 of the best and up-and-coming shitcoins available on the market today to compile this list of our top ten. Our team of experts assessed various factors for each project and arrived at a cumulative score for each. Some of the areas examined by our experts were:
Developer reputation: This is a critical area in assessing the legitimacy of a crypto project. We deep-dived into the previous projects of the various developers to spot any potential red flags.
Viral potential: With shitcoins tending to lack utility, the potential for virality is critical to their worthiness as investments. To assess this, we examined the size of their communities and online following, in addition to their branding and public-facing image.
Blockchain technology: A project’s underlying technology and architecture can impact the investor’s experience in several ways. We took this into account when assessing each project.
Read more about how we rank crypto presales using our full methodology below.
Conclusion: Strategies to maximize profits from Shitcoins
To successfully trade shitcoins, it’s essential to adopt strategies that focus on market timing, profit-taking, and risk management. Start by analyzing potential entry points carefully.
Jumping in on the initial price surge of a new coin can be risky, as many get rugged within minutes. Instead, look for price retracements to find safer buying opportunities. This strategy allows for potential multi-x gains during relief rallies, minimizing the chance of substantial losses.
When you make profits, it’s crucial to take a step back. A smart rule is to secure at least 50% of your investment every time the price doubles.
This method helps you realize gains and prevents you from becoming overly attached to your bags. The crypto market thrives on hype, and while it’s tempting to chase pumps, remember that the excitement can fade quickly, leading to price drops.
In addition, stay informed about the broader market trends. Monitor major players like Bitcoin (BTC) and Ethereum (ETH), as their movements often influence the entire crypto market. Tools like Traders Union can provide insights into project legitimacy, helping you avoid scams and poor investments.
Writer’s note: Always do your research and maintain a cautious approach; in the world of shitcoins, knowledge is your best asset.
FAQs
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References
Number of cryptocurrencies worldwide from 2013 to June 2024, Statista (2024)
Understanding cryptocurrencies, Financial Source
What Is a Crypto Whale and How Do They Affect Crypto Markets? | Investopedia
The Real Story Behind the 17th‑Century ‘Tulip Mania’ Financial Crash | History.com