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Samuel is an experienced copywriter and editor, working as Head of Content at a UK-based digital marketing agency. Since completing his Creative Writing degree in 2021, Samuel has produced educational content and marketing copy for some of the world's largest centralized exchanges and Web3 projects. Outside of work, Samuel is heavily invested in the cryptocurrency space, including as an early investor in several DeFi companies.
Ruby is a seasoned Editor with 5 years of experience working in the cryptocurrency space. She currently works as a Crypto Content Editor for BanklessTimes with a focus on creating informative content that helps our readers navigate cryptocurrency with confidence. Ruby discovered crypto whilst working as a freelance writer at University. She has been passionate about shedding light on crypto and DeFi through valuable content ever since. Before joining the team at BanklessTimes, Ruby worked on a number of established finance sites including The Motley Fool, TradingPlatforms.com, StockApps, ICOBench, and MoneyMagpie.com.
Ruby is a seasoned Editor with 5 years of experience working in the cryptocurrency space. She currently works as a Crypto Content Editor for BanklessTimes with a focus on creating informative content that helps our readers navigate cryptocurrency with confidence. Ruby discovered crypto whilst working as a freelance writer at University. She has been passionate about shedding light on crypto and DeFi through valuable content ever since. Before joining the team at BanklessTimes, Ruby worked on a number of established finance sites including The Motley Fool, TradingPlatforms.com, StockApps, ICOBench, and MoneyMagpie.com.
In 2024, especially given the number of new cryptocurrency projects that are created on a weekly basis, investors are constantly looking for new cryptocurrencies that will provide them with quick, significant returns.
Recently, we’ve seen a huge surge in the popularity of shitcoins – tokens with limited-to-no utility, credibility or value. Despite their risk, some investors have been fortunate enough to make a profit by finding and buying shitcoins before their price explodes. This has led to a huge market for shitcoins, with every investor trying to find the best shitcoins with huge upside potential.
In this article, I’ll explain exactly what shitcoins are, why they’re a risky investment, and which shitcoins you should consider buying in 2024.
Here is a list of 7 shitcoins that have attracted the attention of investors online.
To discover undervalued crypto presales that have more potential than the average shitcoin, keep reading through our guide.
Zombie Inu – An extensive ecosystem (the ZombieVerse) of NFTs and trading tools
PePe Unchained – An Ethereum Layer 2 blockchain with meme-launching capabilities
Shih Tzu – An ecosystem powered by the $SHIH meme-based utility token
Boge – Dogecoin but for the Base Chain
MIlo Coin – A project with a unique entertainment-to-earn model
HODL – The ultimate rewards ecosystem built on the Binance Smart Chain
Saitama – A shitcoin based on Saitama, the main protagonist in One Punch Man
The Best Shitcoin Alternatives to Buy in 2024
If you’re looking for alternatives to the best shitcoins – perhaps you’re interested in cryptocurrency tokens with greater utility – I’ve compiled a short list of options for you to consider.
1. iDEGEN
iDEGEN is one of the most unique new cryptocurrency projects released in recent years. Playing into the hugely popular artificial intelligence narrative, iDEGEN is an experimental Web3 project shaped by AI.
The @iDEGEN_AI X (Twitter) account, run entirely by AI, posts a tweet every hour. Then, using complex learning mechanisms, iDEGEN uses community engagement – namely comments and replies – to learn and adapt. This means that iDEGEN is an AI that is shaped by its community.
There are a total of 11,111,111,111 $IDGN tokens, 90% of which are available to investors to purchase during an adaptive presale. During this presale, the price of $IDGN is adjusted every five minutes, depending on the number of consecutive purchases made during the previous five-minute window. This means that every aspect of the iDEGEN project is influenced by community participation.
Built on Solana, iDEGEN is one of the best options for those looking for Solana shitcoins or Solana shitcoin alternatives.
Given the popularity of meme coins in 2024, it was only a matter of time before somebody figured out a way of allowing you to invest in all the top meme coins simultaneously. Vantard has managed to do just that, creating a “Meme Index Fund” that allows investors to invest in up to 20 of the best-performing meme coins as part of the Vantard Meme Portfolio.
By purchasing $VTARD, the project’s utility token, investors will instantly gain exposure to the price movements of the portfolio, without needing to purchase the different assets individually.
The Vantard Meme Portfolio can always be viewed with complete transparency on the Vantard website, with investors able to see the price movements of each investment, as well as the overall return on investment (ROI).
$VTARD can be swapped for any of the holdings within the portfolio, whilst also acting as a standalone token, available on decentralized exchanges.
Given the increasing popularity of Telegram – which is now home to almost 1 billion users – Dogizen has chosen to capitalize on a growing platform. A dog-themed social gaming experience, Dogizen aims to make Web3 more accessible to Web2 users.
The Dogizen Universe (ecosystem) continues to grow and currently includes:
Dogizen Launchpad – For launching Web3-friendly Telegram games
Dogizen Software Development Kit (SDK) – An open-source SDK
Dogizen MVP – A tap-to-earn Telegram game with more than 1 million users
As the Dogizen Universe expands, the team are trying to create a user-first ads platform that allows players to engage with brands that they’re interested in.
Interestingly, the DOGIZ token is being launched as part of the world’s first Telegram ICO, proving that the team is not afraid of breaking new ground. There is a total supply of 1 trillion DOGIZ tokens.
A Closer Look a the Best Shitcoins to Watch in 2024
Here is a closer look at the best shitcoins to buy in 2024. Before making any investment decisions, read through the details about each project carefully and conduct your own research.
1. Zombie Inu
Zombie Inu, recently rebranded to ZINU, is the perfect way to kick off our shitcoins list.
The Zombie Inu (ZINU) ecosystem, otherwise known as the “ZombieVerse”, includes a range of 10,000 unique, fully animated 3D non-fungible tokens (NFTs). These NFTs – minted on Ethereum – can walk, run, flip, dance and fly.
The ZombieVerse is also made up of the following:
Trading Tools – Bridging, staking and swapping
Branding – Merchandise, toys & collectibles and brand partnerships
$ZINU Token – Available on a range of exchanges, including Uniswap and PancakeSwap
Social Platform – In-browser gameplay, NFT avatars and holder chat rooms
Gaming – AAA game developers and augmented reality (AR)
The $ZINU token has a range of different utilities, including plans for future integrations. $ZINU will provide holders with access to a range of digital and physical assets. There is a total supply of 2 billion $ZINU tokens.
2. PePe Unchained
Pepe Unchained is an Ethereum Layer 2 blockchain designed for speed, security and memes. Pepe Unchained is powered by the $PEPU shitcoin, which has been audited by Coinsult.
The Pepe Unchained ecosystem is built around an extensive range of features, including:
A Decentralized Exchange (DEX) – Users can swap tokens on a “lightning-fast” DEX
A Bridge – Users can move tokens between Ethereum and Pepe Unchained
A Block Explorer – Users can verify transactions on the Pepe Unchained blockchain
Staking – Users can earn rewards by staking their $PEPU tokens
Dev Grant – Builders can claim a grant for developing on the Pepe Unchained chain
Pepe Unchained also comes complete with a meme coin launch pad that allows developers to create and launch their own meme coins in just a couple of clicks.
There is a total supply of 8 billion $PEPU tokens, allocated as follows:
Project Development (47.5%) – 3.8 billion $PEPU tokens
Marketing (10%) – 800 million $PEPU tokens
Staking and Rewards (30%) – 2.4 billion $PEPU tokens
Liquidity (7.5%) – 600 million $PEPU tokens
Chain Inventory (5%) – 400 million $PEPU tokens
3. Shih Tzu
Shih Tzu is a cross-chain community centered around meme coins with real utilities. This includes an NFT marketplace, a multi-chain wallet, a metaverse and gaming capabilities.
ShihWorld is the Shih Tzu ecosystem that aims to allow users to freely connect with one another and improve their financial well-being. Shih Tzu is based around the following:
Community
Transparency
Fairness
The ecosystem is built around:
ShihMask – A multi-chain wallet for safekeeping assets
ShihVerse – An NFT marketplace for buying, selling and bidding on NFTs
ShihSwap – A decentralized exchange for trading assets
The ecosystem is powered by $SHIH, a meme-based utility token. $SHIH is an ERC-20 token, built on the Ethereum blockchain, that has a total supply of 1 quadrillion tokens. $SHIH was launched with no presale and no tokens are allocated to the team.
4. Boge
Boge, lovingly referred to as “Doge on Base”, is one of the best meme coins built on Base Chain. According to the Boge website, “DOGE is the king of memes. Base is the chain of the future. DOGE on BASE was inevitable.”
$BOGE is the project’s native meme coin. There are no taxes associated with $BOGE, and 80% of tokens are allocated as liquidity. 15% of $BOGE tokens are allocated to a private sale, while 5% will be put towards Boge’s marketing efforts. There is a total supply of 1 billion $BOGE tokens.
In terms of Boge’s future plans, the team aims to:
Release a FlappyBOGE game
Create a BOGERS NFT collection
Partner with an animation studio
List on centralized exchanges
5. Milocoin
Milo Coin ($MILO) is a cryptocurrency built on the Binance Smart Chain (BSC). The Milo Coin team is hoping to revolutionize entertainment and meme culture while providing users with a fun, rewarding experience.
Milo Coin uses a unique entertainment-to-earn model, which allows users to earn rewards in the form of $MILO tokens by engaging with the protocol. This includes sharing memes, participating in community challenges or helping to develop the MIlo Coin ecosystem.
$MILO has a total supply of 50 billion tokens, 99.9% of which are potentially burnable. The $MILO supply is allocated as follows:
Marketing (10%) – 5 billion $MILO tokens
Team (20%) – 10 billion $MILO tokens
Advertising (10%) – 5 billion $MILO tokens
Community Development (10%) – 5 billion $MILO tokens
Reserve (10%) – 5 billion $MILO tokens
Ecosystem Growth (20%) – 10 billion $MILO tokens
Future Development (20%) – 10 billion $MILO tokens
Although $MILO has limited utility currently, the team behind the project – all of whom have been subjected to KYC checks – continue to explore a number of innovative use cases, including decentralized applications (dApps), NFT marketplaces and gaming ecosystems.
6. HODL
HODL describes itself as “the ultimate rewards ecosystem”, powered by $HODL, “the ultimate reward token”. Built on the Binance Smart Chain, HODL aims to help holders earn passive income.
$HODL is a hyper-deflatinary token that offers stable rewards and has an “anti-dump defense”. Around 0.27% of every single transaction is burned, and $HODL uses an innovative transaction taxing mechanism to generate earnings for holders. Every time a user buys, sells or transfer $HODL tokens, they are subjected to a 5% tax which is split as follows:
4% to a reward pool for investors
1% as reflections of $HODL to investors
$HODL is a BEP-20 token with a total supply of 1 quadrillion tokens.
The HODL ecosystem also includes the HODLX Exchange, a decentralized finance (DeFi) hub for passive income generation. Here, users can swap $HODL tokens, engage in yield farming, participate in staking pools, and more.
$HODLX is another token that forms part of the HODL ecosystem. $HODLX is a tax-free token that can be earned by staking and swapping $HODL.
7. Saitama
Saitama Inu is a project based on famous One Punch Man protagonist Saitama. $SAITAMA is the project’s meme coin. $SAITAMA is a shitcoin with zero utility and a total supply of 1 billion tokens.
Saitama Inu is a relaunch of the original Saitama project, which saw significant success in 2021. The Saitama Inu team believe that they can recreate the popularity of the original $SAITAMA token and are focused on rebuilding a strong community.
There are no taxes associated with the $SAITAMA token, and any tokens added to the Saitama Inu liquidity pool are completely burned, therefore reducing the total supply of $SAITAMA.
What is a Shitcoin
A shitcoin is a type of cryptocurrency token that is believed to have little-to-no utility or intrinsic value. In theory, shitcoins are considered to be “worthless” due to a lack of purpose.
Common characteristics of shitcoins include:
Anonymous developers
Low liquidity
Large token supplies
Big promises
No whitepapers
Historically, shitcoins have been created quickly and have often been subjected to rug pulls and other malicious behaviors.
However, some Shitcoins manage to overcome initial roadblocks and provide generous returns to early supporters.
Why Do Some Investors Buy Shitcoins?
Despite their risks, there are some clear benefits to buying shitcoins.
High viral potential
Similar to meme coins, shitcoins will often play on popular internet trends. The best shitcoins are created quickly, usually within minutes or hours of a trend breaking out. With this in mind, it’s not uncommon to see shitcoins going viral and experiencing high trading volumes incredibly soon after launch.
This high viral potential can make them an attractive option for investors. Given their low volumes at launch, virality can cause a huge influx of new investors within a very short period of time.
Low token price
Shitcoins are usually launched with a high supply and incredibly low token price. This means that investors are able to buy a huge number of tokens with very little capital. Then, if the price does increase, these tokens have the potential to see significant gains.
This also means that there’s a very low barrier-to-entry for shitcoins – investors can purchase a large number of shitcoins, spreading their capital (and therefore their risk) across different projects.
Strong community support
Much like typical meme coins, the best shitcoins will have a strong community behind them. Shitcoins typically play into the “degen” nature of crypto investors, with projects quickly building large followings on social media platforms such as X.
This community support can have really positive implications on the future of a cryptocurrency. For example, Dogecoin was originally created as a meme coin with no utility, but thanks to its strong community support, it quickly cemented itself as one of the world’s most famous cryptocurrencies.
Volatility and ‘quick’ returns
Shitcoins are incredibly volatile, even within an already volatile asset class. Although this can pose significant risks, it’s also one of the main reasons that people buy shitcoins. Sometimes, if you’re lucky, a shitcoin can experience huge percentage gains within an incredibly short space of time.
Because of their low liquidity and low trading volume, as soon as a shitcoin experiences an uptick in trading volume, it can have a significant impact on the asset’s price.
What Are The Risks of Buying Shitcoins?
As with any cryptocurrency investment, buying Shitcoins comes with some risks that you should be aware of before moving forward.
Price volatility means that the price could go down just as quickly as it goes up
As mentioned above, shitcoins can be subjected to significant volatility. Although this means that the price could go up very quickly, the opposite could also be true. As they have limited utility, shitcoins don’t have the same strong fundamentals that established cryptocurrencies – Bitcoin (BTC) and Ethereum (ETH) included – often do.
If you’re going to invest in a shitcoin, make sure that you spread your risk by investing in a number of different projects of varying market caps. Also, only invest small amounts into shitcoins specifically – if the price of an asset does fall more than 90%, which is very possible, you don’t want to have too much capital locked into a failing project.
Shitcoin projects often lack transparency
Shitcoins are often created quickly and with very limited transparency. Oftentimes, although this isn’t always the case, they’re created as “get-rich-quick” schemes by developers looking to profit off of their volatility.
Always take a look at the team behind the project to see whether or not they’ve released their true identities – this can often be a good indication that the project is more legitimate than others.
Shitcoins lack long-term potential
Shitcoins are designed to play on viral trends – for that reason, they often have a very short life cycle and lack long-term potential. When you look for shitcoins to invest in, take a look at the project’s roadmap to see whether they have plans for the coming months (and even years).
With limited utility, it can be difficult to find shitcoins that have any intention of being around for more than a few weeks.
Final Thoughts
Shitcoins can be an excellent opportunity for investors, but they also carry some of the biggest risks within the cryptocurrency market. Investors should be more careful when investing in shitcoins – always do significant research and make sure you’re not committing too much money to any single trades.
Nevertheless, if you are looking to invest in low-priced cryptocurrencies that have the potential for long term growth, consider iDEGEN, Vantard and Dogizen. Although these tokens have started their journey as penny cryptos, each project offers a robust roadmap and clear utility that positions the tokens for long-term potential.
Zombie Inu ($ZINU) is potentially one of the best shitcoins to buy. It has a growing ecosystem, known as the ZombieVerse, which includes NFTs, trading tools and gaming infrastructure. The team behind Zombie Inu are working hard to provide $ZINU tokens with real utility, which could suggest that the project has more longevity than other shitcoins.
Which coin will reach $1 in 2024?
There’s no guarantee that any shitcoin will reach $1 in 2024. Given their typically low price point, many shitcoins would need to see drastic percentage price increases to reach the $1 mark. However, that doesn’t mean that it’s not possible! To try and find a shitcoin that might reach $1 in value, take a look at the token’s circulating supply and total market capitalization. Use these figures to understand what the market cap would need to be for the cryptocurrency to reach a dollar – is this figure realistic?
Which crypto will explode in 2024?
There are a number of cryptocurrencies that could be set to explode in 2024, although nothing is ever guaranteed! iDEGEN is one of the cryptocurrencies with the most potential. Not only does it utilize the popular AI narrative, 90% of all $IDGN tokens are allocated to real investors, which makes it more decentralized than a huge number of cryptocurrencies available today.
Samuel is an experienced copywriter and editor, working as Head of Content at a UK-based digital marketing agency. Since completing his Creative Writing degree in 2021, Samuel has produced educational content and marketing copy for some of the world's largest centralized exchanges and Web3 projects. Outside of work, Samuel is heavily invested in the cryptocurrency space, including as an early investor in several DeFi companies.
Samuel is an experienced copywriter and editor, working as Head of Content at a UK-based digital marketing agency. Since completing his Creative Writing degree in 2021, Samuel has produced educational content and marketing copy for some of the world's largest centralized exchanges and Web3 projects. Outside of work, Samuel is heavily invested in the cryptocurrency space, including as an early investor in several DeFi companies.