AÂ shitcoin is a cryptocurrency with little to no value or digital currency that has no immediate, discernable purpose. The term is often used to describe altcoins or cryptocurrencies developed after bitcoins became popular.
But are they really that bad? Years ago doubters describe Bitcoin as a risky and speculative asset. They say it’s highly volatile and a crash could happen any time. Now even major world institution wanted to get into Bitcoin. It’s projected to be more valuable than gold in the coming years.
My point? You cannot judge a value of a coin on it’s first year. All cryptocurrency are shitcoin, until it makes you rich!