As a die-hard crypto expert, I’ve witnessed the wild fluctuations of the cryptocurrency market and the rise and fall of numerous coins. While the term “shitcoin” often refers to lesser-known or low-value cryptocurrencies, sometimes these very coins offer intriguing opportunities for investment.
Today, I’m going to share my ultimate guide to the best “shitcoins” probably worth considering for your investment portfolio.
Shiba Inu (SHIB)
Shiba Inu is for sure one of the most prominent shitcoins. The Shiba Inu token, also known as SHIB, was created in August 2020 as an Ethereum-based alternative to Dogecoin. Like Dogecoin, SHIB is a meme-based cryptocurrency, but it offers some interesting potential for investors.
Strong community support
The SHIB community, known as the “Shiba Army,” is highly active and enthusiastic, often driving up the coin’s value through coordinated social media campaigns.
SHIB’s developers have launched ShibaSwap, a decentralized exchange that allows users to trade and stake SHIB, increasing the token’s utility.
SHIB’s tokenomics, which include a 1 quadrillion token supply and a significant portion burned, create scarcity and the potential for price appreciation.
Despite its meme origins, SHIB’s growing ecosystem and dedicated community make it an interesting option for investors seeking high-risk, high-reward opportunities.
Launched in March 2021, SafeMoon is a DeFi token built on the Binance Smart Chain. Its unique tokenomics and ambitious roadmap have garnered a significant following.
Static rewards and automatic liquidity
SafeMoon’s smart contract applies a 10% fee on each transaction, with 5% redistributed to existing holders and 5% added to the liquidity pool. This mechanism aims to encourage holding and stabilize the token’s price.
NFT marketplace and wallet
SafeMoon’s team is developing an NFT marketplace, SafeMoon wallet, and a SafeMoon Exchange, which could increase the token’s utility and demand.
SafeMoon’s team has a knack for marketing, creating hype and attracting new investors.
SafeMoon’s unique tokenomics and ambitious roadmap make it a high-risk, high-reward investment worth considering.
Baby Doge Coin (BABYDOGE)
Baby Doge Coin, or BABYDOGE, is another meme-based cryptocurrency created on the Binance Smart Chain. Launched in June 2021, it aims to capitalize on the popularity of Dogecoin and Shiba Inu.
BABYDOGE’s tokenomics include a 10% fee on transactions, with 5% redistributed to holders and 5% locked in liquidity. Additionally, the team has burned a significant portion of the token supply, creating scarcity.
Elon Musk endorsement
Tesla CEO Elon Musk has tweeted about Baby Doge Coin, leading to a surge in its price and increased public awareness.
BABYDOGE’s team has pledged to support various animal welfare charities, adding a philanthropic angle to the project.
Baby Doge Coin’s deflationary tokenomics, celebrity endorsement, and charitable efforts make it an interesting, albeit risky, investment option.
Kishu Inu (KISHU)
Kishu Inu is another Ethereum-based meme cryptocurrency inspired by Dogecoin and Shiba Inu. Launched in April 2021, KISHU aims to be a fast and efficient means of digital transactions with a strong community focus.
KISHU’s tokenomics include a 2% reward for holders on each transaction, incentivizing long-term holding and creating a sense of community among investors.
The Kishu Inu team is working on developing a decentralized exchange, KishuSwap, and a KISHU-based NFT marketplace to expand the token’s utility.
KISHU has been promoted through various marketing campaigns, including billboards in major cities like New York and Los Angeles, increasing its public visibility.
Kishu Inu’s rewarding tokenomics, expanding ecosystem, and strong marketing efforts make it a noteworthy “shitcoin” for investors seeking high-risk, high-reward opportunities.
FEG Token (FEG)
Feed Every Gorilla (FEG) Token is a DeFi project built on both Ethereum and Binance Smart Chain. Launched in February 2021, FEG aims to create a self-sustaining ecosystem that benefits investors and charities alike.
FEG’s tokenomics involve a 1% transaction tax, which is redistributed to all token holders, encouraging long-term investment.
FEG’s team has developed FEGex, a decentralized exchange that supports staking, liquidity pooling, and farming, adding utility to the token.
FEG has partnered with various animal welfare organizations, committing to donate a portion of its profits to support their efforts.
FEG Token’s unique dual-blockchain approach, frictionless rewards, and charitable partnerships make it an intriguing option for investors seeking high-risk, high-reward projects.
Akita Inu (AKITA)
Akita Inu is another Ethereum-based meme cryptocurrency inspired by the success of Dogecoin and Shiba Inu. Launched in February 2021, AKITA aims to create a community-driven ecosystem with various DeFi applications.
AKITA’s tokenomics include a 2% transaction tax, with half redistributed to holders and half burned, incentivizing holding and creating scarcity.
The Akita Inu team is developing various decentralized applications, including AkitaSwap and an NFT marketplace, to increase the token’s utility.
AKITA boasts an active and dedicated community, which has the potential to drive the token’s value through coordinated efforts.
Akita Inu’s community-driven focus, DeFi ambitions, and rewarding tokenomics make it an interesting “shitcoin” for investors seeking high-risk, high-reward opportunities.
Bonfire Token (BONFIRE)
Bonfire Token is a DeFi project launched on the Binance Smart Chain in April 2021. It aims to create a secure and rewarding ecosystem for investors through various applications and features.
BONFIRE’s tokenomics involve a 10% transaction tax, with 5% redistributed to holders and 5% locked in liquidity, encouraging holding and stabilizing the token’s price.
The Bonfire Token team is developing a suite of applications, including a social media platform, NFT marketplace, and a Bonfire wallet, to increase the token’s utility.
Regular community updates
Bonfire Token’s team provides regular updates and engages with the community, fostering trust and transparency.
Bonfire Token’s frictionless rewards, expanding ecosystem, and transparent approach make it a noteworthy “shitcoin” for investors seeking high-risk, high-reward projects.
Top 7 Shitcoins You Should Consider Investing In 2023 — Conclusion
While the term “shitcoin” may carry negative connotations, the cryptocurrencies listed in this article have unique features and ambitious roadmaps that make them worth considering for high-risk, high-reward investments.
As a die-hard crypto expert, I cannot emphasize enough the importance of conducting your own research and understanding the risks involved in investing in these projects. Remember, the cryptocurrency market is highly volatile, and investing in lesser-known coins carries a higher degree of risk. Always allocate your investments according to your risk tolerance and financial goals.
By staying informed and carefully evaluating each project, you can potentially identify “shitcoins” that may offer significant returns. Keep in mind that the cryptocurrency market is constantly evolving, and new opportunities may arise at any moment. So, stay vigilant, stay curious, and always be ready to adapt to the ever-changing world of digital currencies. Happy investing!