Shitcoins are coins in the cryptocurrency space that have no inherent value and are usually scams or part of pump and dump schemes to profit in the short term, usually with current trends.
These coins are considered bad investments because they are usually fueled solely by speculation. They may hold value initially but plummet after a few weeks or months.
While the term is typically associated with scams or purely worthless Crypto coin assets, it can also be applied to any cryptocurrency based on personal preferences/opinions.
More information can be found at https://agrtech.com.au/glossary/shitcoin/
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