Shitcoins have become a profitable subgenre of the cryptocurrency industry. These digital assets are sometimes defined as assets without specific use cases. Several shitcoins like Dogecoin created as jokes or parodies of specific coins. But they managed to catch on and are now categorised as cryptocurrency investments too – often also called meme coins – adding utility to their roadmap later on.
Occasionally the term is used in a light hearted way for anything new with a low market capitalization that can easily ‘pump’, i.e. be moved up in price returning high percentage gains to buyers.
Best Shitcoins to Buy in 2024
Investors looking for the best shitcoins to buy can choose from any of the following:
Don’t be fooled by their playful nature. Shitcoins are proper crypto investments that can provide impressive returns for their holders. Considering that the market is currently in a dip, so there is a high probability that these coins will see massive gains once the market flips bullish. We recommend that investors keep an eye out for the best shitcoins to buy right now.
Our full guide below reviews some of the top shitcoins to watch and why they could be good investments for crypto holders, as Bitcoin alternatives:
1. Wall Street Memes (WSM) – Overall Best Shitcoin of 2024
Wall Street Memes is a memecoin and the best shitcoin of 2024. Bearing no utility to speak of, this crypto project is moving on the back of its strong community that has over 1 million members across multiple social media platforms. Another major feature is that it is one of the few new projects that have gotten the attention of Elon Musk.
Inspired by the Reddit group Wall Street Bets, Wall Street Memes aims to retread the path the Reddit group took in 2021 and make meme coins a legit crypto investment that the community can leverage to make massive gains.
It states that its aim is to reach a $1 billion market capitalization and become large enough to compete with the likes of Dogecoin, which may be possible for it because of its high level of community engagement.
This shitcoin veers away from standard tokens because it embraces its meme nature. It doesn’t talk about a high-end utility but focuses on providing a fun asset for people to invest in instead. Currently, in the presale, Wall Street Memes has raised more than $18 million already, and the hard cap is set to $20 million.
Wall Street Memes’ honesty and its capability to entice the crypto community is the reason we have put it high on our list.
2. Launchpad XYZ (LPX) – Web 3 Crypto with Major Upside Potential
While not a Shitcoin, Launchpad XYZ has put out enough offerings and told the world about enough perks that have helped it achieve the same level of virality as a shit token. Intending to make the Web 3 ecosystem more palatable for the general public, Launchpad XYZ is in the works of creating an all-in-one platform that lets users interact with several elements of Web 3 easily.
The project aims to make it easier for users to find their next Web 3 project by providing them with a single scoring system. Known as Launchpad Quotient or LQ, this score takes into account 400 data points derived from social and technical indicators. Based on an asset’s viability, NFTs, crypto presales, utility tokens, P2E hubs and metaverse experiences are given this score that lets users pick and choose the Web 3 project they wish.
Other utilities involved with Launchpad XYZ include a Trading terminal that doubles as a training module for beginners investors and an advanced trading tool for veteran traders, a fractional NFT utility that fragments an NFT into multiple disparate parts, allowing them to be tied to a real-world property and an AI module that lets users leverage an AI-driven bot, similar to ChatGPT, to find suitable Web 3 investment.
All the features that Launchpad XYZ focuses on steer are far away from being a Shitcoin. But the presents of these features are fueling its virality in its presale round, which has already raised more than $1.1 million.
That excitement would fuel its pump when it finally lands on cryptocurrency exchanges.
Evil Pepe Coin calls itself the greatest shitcoin of this year. Not shying away from what it is – a token created to capitalize on the popularity of Pepe Coin – Evil Pepe Coin represents the urge that drove people into investing in cryptos that don’t have much long-term potential.
It states that investors need to embrace a bit of “evilness” if they want to make it big in the crypto space. The project promotes that investors must embrace the FOMO and use the uncertainty prevalent across the crypto space and generate wealth from parabolic games that often happen during the burst of volatile trades.
Like Wall Street Memes, it is also not exploiting any utility. And its end goal is to go up to a $100 million market capitalization and allow users to generate gains from the resulting pump.
Evil Pepe Coin represents the volatile sentiment of the crypto space. A shitcoin through and through, it presents major upsides in the current market due to the ongoing memecoin mania and people’s response to them.
4. BTC20 (BTC20) – ETH-Based Bitcoin with Major Upsides
Bitcoin has never been pigeonholed as a shitcoin. Its value has been too high and has proven to be a lot profitable to be called in such a way. However, a shitcoin variant of Bitcoin is coming to the Ethereum blockchain known as BTC20.
With a word that combines BTC and ERC-20, BTC20 is an ERC-20 asset whose goal is to retread the steps that Bitcoin took in 2011 and get people back into Bitcoin. It uses the same tokenomics and fundamentals as Bitcoin but makes them greener through its Ethereum-based blockchain.
As Bitcoin gave away 3 million tokens at $1 back in 2011, BTC20 is giving away 6.05 million tokens at the same value via a 2-stage presale. The remaining tokens will stay inside a liquidity contract, released upon the execution of each block.
This process mirrors Bitcoin mining, but BTC20 replaces mining with staking. This stake-to-earn ecosystem will see users stake a certain number of tokens to secure the network and receive APY rewards similar to mining rewards in return. The tokens locked in the contract will be released over the next 120 years that way, giving BTC20 not only a shitcoin-like virality but also long-term attributes.
5. Chimpzee (CHMPZ) – Green Crypto With Focus on Combating Climate Change
Chimpzee is a green crypto project that is leveraging the virality of shitcoin, the sustainability of blockchain and people’s love to protect the environment to create an ecosystem where users can be rewarded for performing certain tasks.
This eco-friendly crypto project has come up with three different “earn” mechanics to help make taking measures to protect the environment more rewarding for everyone involved.
With the Shop to Earn mechanic, users will be able to earn CHMPZ tokens by simply interacting with the Chimpzee shop and buying Chimpzee merch and gear. The profits of these purchases will also be shared with environment-focused NGOs and NPOs.
Chimpzee’s Play to Earn mechanic will come into play via its zero-tolerance game that will reward players with tokens once they perform certain tasks. The official whitepaper does not highlight the type of game that has been talked about here. However, it is getting increasingly clear that this project is geared towards a hybrid model – so expect there to be a game where you perform tasks in real life and the virtual one.
These attributes have given Chimpzee many upsides, and its native tokens are going out via its presale fast. Over $900,000 have already been raised by this project, leaving a small window for those who want to get in early.
6. Dogecoin (DOGE) – The Market’s Leading Meme Coin
Coming next on the list of the best shitcoins to buy is the leader of the genre – Dogecoin.
Dogecoin has come quite a long way. Although the asset began as a parody of cryptocurrencies, it ironically became one of the most valuable coins and has since risen into the top 10 most valuable coins in the market.
DOGE currently trades at $0.074. This is an impressive jump of 13.69% in the past 24 hours, with DOGE being one of the best-performing large-cap coins.
This asset ranks this high on the list of the best shitcoins to buy because its developers have done a good job of making it useful. It also helps that DOGE has several fans willing to accept it as a payment method.
This year, several companies have made a move to accept DOGE for payments. These include automaker Tesla, tunnel constructor The Boring Company, and cinema franchise AMC Theaters. We expect to see a continuation of this trend going forward, with DOGE’s price surging in the process.
However one issue that unlike Battle Infinity, Dogecoin already had an explosive bull cycle and run-up in 2021 – its first major pump. There’s no guarantees an altcoin can explode and produce that kind of crypto bull run twice.
Cryptoassets are a highly volatile unregulated investment product.
7. Shiba Inu (SHIB) – The Self-Styled Dogecoin Killer
Next on the shitcoins list 2024 is Shiba inu. The self-proclaimed “Dogecoin killer” has continued to make waves, and it is currently one of the best cryptos under $1 despite being only a little over a year old.
Shiba inu has come a long way, coasting off the success of DOGE to become a top asset. With a considerable fanbase on social media and a growing number of investors, there are several reasons to believe it could rise even further among the top shitcoins and perhaps even dethrone DOGE as the major dog-themed currency. For a brief period in 2021, it surpassed DOGE.
Currently, the price of SHIB stands at $0.00001281. The asset has been up by 10.71% in the past 24 hours.
Like Dogecoin, Shiba inu is also growing as a functional asset that can drive real-world use. AMC Theaters and several companies already accept the coin for payments, and it is also being incorporated into SHIB: The Metaverse – a metaverse platform created by its developers.
In SHIB: The Metaverse, Shiba inu will be used as the primary payment method. Users will be able to purchase land and other in-platform assets with the coin, and it will also be the basis for exchanges or transactions within the universe.
Cryptoassets are a highly volatile unregulated investment product.
8. Terra Classic (LUNC) – The Remains of a Thriving Ecosystem
This coin wasn’t initially built as a shitcoin. However, after the collapse of its community, the asset isn’t quite useful for much else now.
LUNC is the asset that underpins the original Terra blockchain and stablecoin ecosystem. The asset, which used to go by the “LUNA” ticker, was one of the best altcoins to buy in the market. However, all of that changed after the Terra ecosystem collapsed in May.
Currently, there’s not much use for LUNC. Still, it remains one of the best shitcoins to buy now. With a price of $0.0001071, LUNC has been up by 3.78% in the past 24 hours.
Following the depegging of Terra’s UST stablecoin, the entire ecosystem – including LUNC – crashed. Eventually, Terra’s developers implemented a hard fork and moved the entire ecosystem to a new blockchain, powered by a new asset.
Despite being relatively non-functional, LUNC still holds a lot of sentimental value for many investors. At the same time, the asset has attracted many investors who believe it could still see a surge and earn gains for them. This is a coin for investors looking for low-risk gains and the possibility of rewards over time.
Cryptoassets are a highly volatile unregulated investment product.
9. Baby Dogecoin (BABYDOGE) – Dogecoin’s Less Popular Cousin
Since its launch, BABYDOGE has been called the younger cousin of the original Dogecoin. The asset was inspired by a tweet from Tesla CEO Elon Musk and has risen to become one of the best shitcoins right now.
Interestingly, the BABYDOGE developers have touted their asset as being superior to the original Dogecoin. For instance, the asset has a hard cap of 420 quadrillion – still enormous but better than DOGE’s unlimited cap. BABYDOGE’s developers have also claimed that their asset is faster and comparatively cheaper to send, making it more suited for regular transactions.
In the past 24 hours, BABYDOGE has seen a 5.25% jump, pegging its price at $0.000000001442.
Despite being one of the best shitcoins right now, BABYDOGE’s developers have also taken the same road that several other top shitcoins have. They’ve begun making the asset a bit more serious, and central to that was a deal signed with German tier-1 football club TSG Hoffenheim earlier this year.
The partnership will see Baby Dogecoin launch promotional non-fungible tokens (NFTs) for the football club and also partner on future marketing campaigns. With the new Bundesliga season less than two months away, we expect this partnership to be quite fruitful for both parties.
Cryptoassets are a highly volatile unregulated investment product.
10. Dogelon Mars (ELON) – Taking Meme Coins to Outer Space
Dogelon Mars is another impressive shitcoin in the market. Despite not being as large as some of its more established contemporaries, the asset has a dedicated fan base that continues to grow on social media.
Built with Elon Musk as its inspiration, Dogelon Mars combines Dogecoin, Elon, and Mars. The asset is available on a few major exchanges, including Huobi, Poloniex, Gemini, and Coinex.
ELON currently trades at $0.0000003731. The asset’s price has been up by 10.31% in the past 24 hours.
There is admittedly not much in terms of fundamentals for Dogelon Mars. As a shitcoin, it is barely in the news. And for now, Elon Musk has yet to support the coin or tweet about it. However, considering that the asset essentially follows Musk, developments with the billionaire – especially when it comes to crypto – should be sufficient enough to drive growth for ELON in the long term.
Cryptoassets are a highly volatile unregulated investment product.
11. Dogs Of Elon (DOE) – NFT-Focused Meme Coin
Investors looking for the best shitcoins right now should also consider Dogs Of Elon. The asset, which only launched in December 2021, has taken the shitcoin market by storm. Also named after the Tesla CEO, Dogs Of Elon is looking to become one of the top shitcoins, and its developers are taking an interesting approach to get there.
DOE is tied to an NFT collection also called “Dogs Of Elon”. The collection features 10,000 dog-themed NFTs and special sub-collections containing NFTs of 30 unique Elons and 70 zombie Doges.
With an industry as popular as NFTs, it’s easy to see why DOE is becoming so popular. The asset currently trades at $0.0176 – a drop of 3.46% in the past 24 hours but a good 5% jump in the past week.
We expect to see some impressive gains for DOE in the long run as the Dogs Of Elon collection is now entering into the metaverse. In January, the developers announced that they’d create a gaming platform that would use the DOE token and the NFTs in a balanced, mutual ecosystem. As of February, the ecosystem’s first play-to-earn (P2E) game was launched.
Dogs Of Elon is also looking to build an NFT marketplace for their collection, which will incorporate all of the utilities they hope to develop down the line.
Cryptoassets are a highly volatile unregulated investment product.
12. Samoyedcoin (SAMO) – Easy Rewards for DAO Members
Samoyedcoin is a meme token that has taken a relatively different route toward building a community. The asset has ditched the Shiba-themed build taken by most meme coins. It instead went with the Samoyed – one of the world’s oldest and most popular dog breeds.
Interestingly, SAMO is also the first meme token to be released on the Solana blockchain. While most meme coins are built on Ethereum, SAMO’s developers went with the top “Ethereum killer” as a base for the asset.
The asset’s developers appear to be working on a new initiative. Earlier this month, they announced a partnership with Zebec – a protocol looking to transform payroll and token distribution. As part of the partnership, Samoyedcoin is expected to leverage Zebec’s technology to enable rewards for contributors to its decentralised autonomous organisation (DAO).
Cryptoassets are a highly volatile unregulated investment product.
13. Floki Inu (FLOKI) – Possible Robinhood Listing in the Works
Another asset that could easily pass as the best shitcoin right now is Floki inu. The asset is dog-named and also focuses on Elon Musk.
FLOKI launched in 2021 following news that the Tesla chief executive had purchased a Shiba inu dog named “Floki”. The asset’s developers hoped to honour the new pet with its coin, and FLOKI has grown to have a sizable online community.
FLOKI currently trades at $0.000009342. The asset has been up by an impressive 31.25% in the past 24 hours, making it one of the best-performing coins in the market.
It’s unclear why FLOKI is currently seeing such a surge. However, as one of the best shitcoin right now, the asset’s surge shouldn’t be surprising to investors. We also noticed a petition trending for FLOKI to be listed on the popular stock trading app Robinhood. With over 500 signatures already, this petition could be gaining some steam.
Listing on Robinhood should give FLOKI even more exposure and help the asset to surge in price in the future.
Cryptoassets are a highly volatile unregulated investment product.
14. Wakanda Inu (WKD) – Africa’s First Meme Coin
Rounding out our list of the best shitcoins to buy is Wakanda inu – a meme coin that was created in November 2021. It is the first African-themed meme coin.
Wakanda inu was created by a group of indigenous African developers looking to share the wonders of their homeland with the world. The asset is currently available on a few major exchanges, including African-based broker Quidax.
Currently, WKD trades at $0.00000001043. The asset has been up by 2.40% in the past 24 hours, marking an impressive jump.
As with many of the best shitcoins to buy, Wakanda inu doesn’t currently have any fundamental news. However, the asset had an impressive surge when the market was bullish, and we expect it to embark on another bull run soon.
Cryptoassets are a highly volatile unregulated investment product.
What is a Shitcoin?
The word “shitcoin” is a derogatory term used to describe an asset that is seen as holding no value. These assets purportedly have no immediate or discernible purpose, and their critics claim that they aren’t good investments.
Following the initial success of cryptocurrencies, several developers started making coins just for fun. Many of these developers simply saw crypto as a means of getting money fast, and they developed their assets to be pumped and dumped. Other developers simply looked to use their coins as jokes or parodies of real assets. However, the assets eventually caught on, and people began to buy them.
Shitcoins usually have no discernible value or mission. Instead, they thrive on their ability to build communities and drive value from them. As more people become fans and invest in them, their values surge.
The reduced value of a shitcoin is usually due to a failure to drive investor interest. Some investors deem these assets entirely useless or without utility, and as more crypto investors become aware of how to find quality investments, several of these shitcoins fall off the map.
However, several shitcoins have started to become more useful. The best shitcoins to buy right now have some use cases: payments, staking, governance, or rewards. These functionalities should eventually drive the value of the shitcoins and the organic following they gather on social media and other public forums.
Do Shitcoins Make a Good Investment?
Generally, investors view shitcoins as bad investments. However, there are moments when these assets deliver gains. Here are a few things to watch out for to know the best shitcoins to buy:
A Change of Focus
While a shitcoin can start with no discernible purpose, several of them have been able to make a u-turn and incorporate some use cases.
This year, Dogecoin has taken a massive leap as a payment method, and we can say the same for coins like Shiba inu. Other assets have incorporated functions like staking and rewards to incentivise users and make them more attractive.
By bringing in use cases, these best shitcoins to buy can become more viable investments down the line.
Strong Community Ties
Shitcoins without a specific purpose can still be good investments if they have strong communities that back them. This means that the shitcoin will have a strong group of holders willing to keep buying and propping up the price.
Celebrity Endorsements
At the end of the day, the main point of finding the best shitcoins to buy is to enjoy gains. And when it comes to shitcoins, nothing quite encapsulates the potential for gains like celebrity endorsements.
Celebrities have been very open about endorsing crypto assets – from Snoop Dogg to Miley Cyrus and even Elon Musk. If a shitcoin receives celebrity endorsements, it might signal that its price is about to surge – at least in the short term.
Bear in mind some new shitcoins can be scams, such as Will Smith Inu (WSI) – that project lost all of its value quickly. For our above shitcoins list we included assets that are listed verified crypto projects listed on major crypto exchanges. Scam shitcoins tend to only be available on one DEX like PancakeSwap and never listed elsewhere.
Best Platform to Buy Shitcoins
Now that we know the best shitcoins to buy right now, it is essential to review where to buy shitcoins. While many brokers support these shitcoins, we would suggest buying them on eToro.
One of the most recognised brokers in the market, eToro is a multi-asset exchange that has also become quite popular among cryptocurrency holders. The platform provides massive ease of use with a broad selection of coins and all the features necessary for investors to earn profits.
Beginners would appreciate eToro’s ease of use and massive liquidity. The broker allows investors to start trading in a few minutes, and its support for 75+ cryptocurrencies means that traders can easily find and trade any of the best shitcoins to buy.
eToro also allows investors to deposit a minimum of $10 to begin trading. This means that they can start small and build their portfolio as they’d like. Available deposit channels on eToro include bank transfers, cards, payment processors, and direct crypto transfers.
As for fees, eToro charges a flat 1% fee on crypto trades. eToro adds the fee to the purchase amount, so investors don’t need to worry about paying it separately. Note that the broker also charges $5 for withdrawals, although an investor can incur additional charges based on the investor’s withdrawal method.
When investors buy their coins, eToro makes it easy for them to profit too. The broker offers a CopyTrader feature that allows investors to find the best traders on its platform and mimic their moves. This way, they earn when the best traders do.
To secure users’ funds, eToro uses several features, including two-factor authentication (2FA), behavioural analysis, and Secure socket Layer (SSL) encryption for data. As an added layer of trust, some of the world’s top financial watchdogs regulate the broker, including the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
Conclusion
Most investors view shitcoins as assets with no discernible use cases, but they are also an attractive asset class. Many of them have succeeded in building strong communities, bolstering their prices even more. At the same time, several of these coins also drive value by incorporating use cases later on.
The top asset that will rule 2024 as a Shitcoin is Wall Street Memes. Our second pick isn’t a shitcoin, but has the same level of virality – Launchpad XYZ.
An asset considered as a shitcoin doesn’t necessarily have a use case. Many of them are parodies of cryptocurrencies, while some are simply rug pulls. Failed investments are also shitcoins.
What is the best shitcoin to buy today?
The best Shitcoin out today is Wall Street Memes which leverages a large community and social media notoriety to gain value. Our second pick is Launchpad XYZ, which is moving up the viral charts despite being a utility asset.
Are shitcoins worth investing in?
Shitcoins can indeed be worth it. Their main purpose is to drive value and gains for investors, and they could achieve that either by becoming more useful or building strong investor communities.
How can I invest in shitcoins?
Like every other cryptocurrency, traders can buy shitcoins on crypto brokers. We believe that eToro is the best place for anyone looking for where to buy shitcoin because the broker is very easy to use.
Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system.
Share
