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The cryptocurrency market is huge, with various projects both completed and ongoing. While some of these crypto initiatives have been applied to solve several problems, therefore adding value to the crypto space, others have added little or no value to the crypto market.
Shitcoins, also known as meme coins, are a good example of a project with no value. In this article, we talk about the top ten shitcoins that will explode in 2023.
What Defines a Shitcoin?
A shitcoin is a term commonly used by cryptocurrency enthusiasts to describe a digital asset with little or no value, often lacking a clear purpose or use cases. For instance, some individuals consider meme coins like Dogecoin and Shiba Inu to be shitcoins. The phrase can also be applied to blockchain-related projects that aren’t as serious as others.
Many of the so-called “shitcoin” cryptocurrency ventures are just clones of Bitcoin that neither add anything new nor advance the technology they employ in the slightest; occasionally, these projects are outright frauds.
A token may be regarded as a shitcoin if it has been created solely for the sake of making money through an initial coin offering (ICO) and does not have any meaning beyond what is described in its whitepaper. Often, shitcoins are created primarily to enrich those behind the project rather than provide a meaningful service. The phrase is also used to refer to undervalued initiatives or those with a low market cap of less than $1 billion.
The majority of shitcoins derive their worth from their mere existence, celebrity endorsements, or securing backing from a reputable company.
However, many crypto investors continue to see value, utility, and real-world assets in these coins. They have a keen interest in these digital assets.
Community Support
Without a clear goal, shitcoins can still be profitable investments if they are supported by robust communities. This indicates that there will be a sizable number of holders willing to keep purchasing and supporting the price of a shitcoin.
Shitcoins have historically been the main attractions in the crypto community due to their potential returns of up to 50–500% or even higher. Investors need to set up their portfolios for a positive market as the 2022 bearish trend comes to an end and the 2023 crypto spring draws near. The secret is to spot promising shitcoins and buy them while they’re still reasonably priced.
Shifting the Focus
A shitcoin may begin with no apparent purpose but change course eventually and adopt certain use cases.
Just like that, Dogecoin advanced significantly as a payment option last year, and the same is true for coins like Shiba Inu. To increase their appeal and motivate users, other meme assets included features like staking and prizes.
Celebrity Endorsements
As we’ve mentioned earlier, finding the greatest shitcoins to buy is done mostly for financial gain. Furthermore, when it comes to shitcoins, nothing completely captures the profit potential like celebrity endorsements.
Elon Musk sees the ‘Dogecoin Standard’ future; the DOGE price rises 14%.
Celebrities like Snoop Dogg, Miley Cyrus, and even Elon Musk have been quite outspoken in their support of crypto assets. Celebrity endorsements may indicate that the shitcoin’s price is about to increase, at least temporarily.
Remember that some brand-new shitcoins can be frauds, like Will Smith Inu (WSI), a project that suddenly lost all of its value. Scam shitcoins typically only appear on one DEX (decentralized exchange), such as PancakeSwap, and are never listed anywhere else. We cataloged assets that are listed on well-known cryptocurrency exchanges as confirmed crypto projects below.
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Best Shitcoins to Buy in 2023
If you had invested in the second most popular shitcoin, Shiba Inu, in 2021, you would have received a return of more than 20,800,000% by the end of the year.
Simply put, shitcoins will accelerate the growth of your investment a thousandfold or more. Keep in mind, though, that shitcoins are more likely to dump and drop to zero than to have a millionfold increase. To capitalize on inflated value gains of meme coins, first, determine the best shitcoins to purchase and get in early. Luckily, Changelly has gathered all the promising penny crypto assets in one place — let’s take a closer look.
Dogecoin (DOGE) — The Market’s Leading Meme Coin
The first dog-themed meme coin, Dogecoin, has advanced considerably. The asset was first intended to be a mockery of cryptocurrencies, but ironically enough, it quickly rose to become one of the most expensive coins and is now in the top 10 most valuable coins on the crypto tokens market.
This item tops the list of the finest shitcoins to purchase because its creators did a superb job of making it practical. The fact that many DOGE supporters are open to accepting it as money also helps.
Several businesses started accepting DOGE, the original meme coin, as payment last year. These include the car manufacturer Tesla, the tunneling company the Boring Company, and the chain of AMC theaters. Going forward, we anticipate this trend to continue, causing DOGE’s price to soar.
Terra Classic (LUNC) — The Remains of a Once Thriving Ecosystem
This coin wasn’t designed from the start to be a shitcoin. However, the crypto token isn’t really helpful for much else since the project’s community has fallen apart. The name of the project, Terra, became somewhat of a meme, too.
LUNC, the foundational asset of the original Terra blockchain and stablecoin ecosystem (which was formerly traded under the ticker “LUNA”), was among the best cryptocurrencies available for purchase. But after the Terra project failed in May, everything changed.
Although LUNC is not very useful at the moment, it is still one of the best available shitcoins. Many investors still place a great deal of sentimental value on LUNC. The asset has attracted a lot of investors who think there is still a chance for a spike and profit for them.
This coin is for investors seeking low-risk gains with the potential for long-term benefits.
Shiba Inu (SHIB) — Popular Meme Coin Aspiring to Be Dogecoin Replacement
Shiba Inu is a good alternative if you don’t want to invest in Dogecoin. Shiba Inu gained notoriety for claiming to be the “Dogecoin killer” when it debuted on the market in 2020 without knowing whether its presale would be successful.
The Shiba Inu coin currently has no use cases, which makes it one of the best shitcoins available because, despite having little or no value, its popularity is undeniable.
Crypto developers are working really hard to provide token holders with more real-world utility, which may eventually contribute to its growth in popularity.
MonaCoin — Meme Crypto with High Transaction Speed
One of the first meme-related cryptocurrency assets is MonaCoin, which was introduced in late 2013. This meme coin has a huge following in Japan. The meme project uses a peer-to-peer (P2P) network and is decentralized and open-source. MonaCoin is a fork of the well-known Litecoin fork of Bitcoin that employs the Lyra2RE algorithm.
The MonaCoin network’s 1.5-minute transaction processing time and devoted, active community are among its most valuable features. Following a TV commercial promoting this crypto, MonaCoin became well-known in Japan.
Given its meteoric rise to an all-time high (ATH) of $20.33 in December 2017, MONA is one of the most valuable meme cryptocurrencies in terms of price.
Dogelon Mars — Meme Coin with Great Potential and Community
Elon Musk, who supported Dogecoin, is the inspiration behind the shitcoin dubbed ELON. The best thing about this coin is that it was introduced to make a reference to Elon Musk’s desire to explore Mars.
More than 500,000 people joined the meme coin’s vast fanbase on social media sites, including Twitter, Telegram, and Reddit.
Dogelon Mars (ELON) experienced an instant rise after its launch: within a month of its inception, the coin’s value increased by more than 30,000%.
Additionally, even as the cryptocurrency market has shrunk, trading activity surrounding Dogelon Mars has increased, with 24-hour trading volumes reaching as high as $100 million.
All these things, along with a reviving shitcoin mania and a recovering crypto market, are anticipated to propel the price of the Dogelon Mars token to new heights before the year is out.
Lucky Block — The Fast-Growing Lottery Platform
Lucky Block has chosen a strategy in the hope that it will get support from the locals and draw in investors. The project aims to revolutionize online gambling and give investors a chance to double their income, first from gambling winnings and then from the appreciation of the meme coin.
Throughout 2022, Lucky Block was repeatedly named the best new cryptocurrency to buy. Lucky Block adverts have even been running on the London subway and buses, and the team behind it has great plans for marketing and global exposure.
The project’s CEO Scott Ryder previously disclosed a monthly 1% LBLOCK token burn that will gradually limit the coin’s supply in order to increase its value.
Analysts expect LBLOCK prices to soar over the next few months thanks to this resiliency, expanding user cases, investor interest, and the rebounding crypto market. Please, pay close attention to any investment instrument you want to use.
? We kindly remind you to do your own research (DYOR) before investing in any asset. What instruments can be used in your research? YouTube videos from experts, reviews and assessments from the community, social media like Twitter, Reddit, TG channels, etc. The security of your funds is your responsibility! DYOR to outsmart the scammers!
Dogs Of Elon (DOE) — NFT-Focused Meme Coin
Dogs Of Elon is another option for those looking for the best shitcoins available right now. Having debuted in December 2021, the asset has completely taken over the shitcoin market. Dogs Of Elon, which is named after the Tesla CEO, aims to be one of the most popular shitcoins, and its creators are employing an intriguing strategy to achieve this.
The project team aspires to develop Dogs of Elon’s version of the popular CryptoPunks NFT collection. This includes 10,000 unique NFTs as a tribute to the K-9-themed Ethereum-based NFT avatar. Unique Dogs of Elon NFT collections incorporate 30 Elons and 70 Zombie DOGEs. Additionally, the meme currency is developing a P2E gaming platform and expanding into the gaming industry.
SafeMoon — Not-a-Dog-Meme-Shitcoin
A shitcoin called SafeMoon hit the market in 2021; its express purpose was dethroning Shiba Inu.
After two weeks of operation, SafeMoon’s value increased by up to 2,000,000%. But, unfortunately, the crypto market had plummeted before the majority of investors focused on the new shitcoin. That’s why the development team started working on maintaining interest in the brand and expanding the SafeMoon community as it prepared for the next rally, which may occur later in 2023.
Shiba Inu and Dogecoin tokens, according to an increasing number of analysts, have already stabilized their prices as the cryptocurrency market is slowly recovering. Safemoon expects that by December 2023, the fan bases of these two projects, plus its own enormous fan base, will have raised the value of the company to unprecedented levels.
ApeCoin (APE) — Best Shitcoin for Crypto Commerce
Creators of the popular NFT project Bored Ape Yacht Club introduced ApeCoin in 2022.
As an ERC-20 governance and utility token, ApeCoin is used to encourage and facilitate decentralized community formation at the forefront of Web3. ApeCoin holders can govern the project by themselves thanks to the decentralized governance model. The framework decides how to use the Apecoin DAO Ecosystem Fund and controls how the Apecoin DAO operates.
APE, one of the best shitcoins, was projected to explode at a 10% rate in 2022. Some experts believe that the bear market was the only reason this prediction did not come true. They are confident that the token has everything to catch up in 2023.
Wakanda Inu (WKD) — Best Shitcoin for Giving Back
Wakanda Inu is a coin that had attracted much interest when it first appeared but subsequently lost some of it. Nevertheless, the fact that WKD’s circulating supply currently equals more than 39 trillion tokens demonstrates how well-liked this African-based enterprise is.
Inu is a fresh, cutting-edge cryptocurrency popular among investors and crypto fans. Given the huge potential for long-term growth, it is an intriguing new investment choice. Based on the Ethereum blockchain technology, Inu is incredibly flexible and secure.
WKD, which focuses on supporting underprivileged communities, is a good way for investors to demonstrate their compassion.
To provide use cases for its token, Wakanda Inu intends to introduce an NFT market and a decentralized platform where investors can exchange their WKD for other cryptocurrencies.
Samoyedcoin (SAMO) — Solana-Based Shitcoin
Many people view this Solana-based shitcoin as a cryptocurrency with much potential because it is one of the fastest-growing shitcoins.
Launched in April 2021, Samoyed Coin has only been operational for a couple of years, but Solana users and other supporters helped it climb to the top of the shitcoin mountain rapidly.
To educate people about Samoyed Coin, its importance in the cryptocurrency market, and SAMO NFTs, the SAMO team is developing a school. In addition to these activities, Samoyed Coin intends to further up its marketing initiatives to maintain interest in the project itself.
Baby Dogecoin (BABYDOGE) — Dogecoin’s Less Popular Cousin
The Baby Doge Coin is proof of how much hype means in the crypto space. You’ll see that this Dogecoin replacement doesn’t have anything to offer in terms of investment potential.
The “Woof Paper” claims that Baby Doge Coin’s goals are to make cryptocurrency accessible to the general public and help dogs in need. The project team donated to various animal charities, and the token itself was profitable, making a return of more than 3,500% at one time.
A 10% fee on each trade is Baby Doge Coin’s key marketing ploy. Users must pay a transaction commission of $100,000 to sell 1,000,000 BABYDOGE. The fee is divided in half, with 5% going to all current Baby Doge Coin holders and the other 5% being used to create trading liquidity. That is why simply keeping Baby Doge coins in your wallet earns you extra Baby Doge coins.
Floki Inu (FLOKI) — Best Shitcoin for Multi-Chain Functionality
Floki Inu, which entered the cryptocurrency market in August 2021, is another dog-themed shitcoin you might want to look into. The fact that investors had connected Floki Inu with Dogecoin after the coin’s initial launch helped the currency to soar.
The Floki Inu coin was made when Elon Musk said in June 2021 that he was naming his Shiba Inu pet “Floki.” Dogecoin-like Floki Inu, now known simply as Floki, was first intended to be a joke currency, but a closer look reveals that it is much more than that.
Unfortunately, Floki Inu significantly retreated following its rapid ascent in the latter part of 2021. Although many people think the declining market as a whole is mostly to blame, about 92% of its initial gains have been lost.
The Floki Inu development team has since shifted its focus to community building while transforming the shitcoin into a viable utility token. This metamorphosis is based on the collaboration between the project and CryptoCard, which enables Floki Inu users to make purchases from more than 2,000 merchants. The multi-chain cryptocurrency that runs on the Ethereum and Binance Smart Chain (BSC) blockchains also established a number of projects that it can leverage to expand its reach.
That concludes our list of best shitcoins to buy in 2023. If you’d like to know what other currencies have the greatest potential in 2023, you can view this article.
Best Platforms to Buy Shitcoins
Binance, eToro, and Coinbase are the top 3 picks for purchasing shitcoins. They all let you purchase meme coins with fiat currency and have quick and simple signup processes. Credit/debit cards, bank wire transfers, e-wallets like PayPal and Skrill, as well as other cryptocurrencies, are supported as traditional payment options.
However, they only support a small selection of shitcoins, primarily popular meme coins. You need to download Trust Wallet or MetaMask Wallet to access a wider selection of both trustworthy and recently launched shitcoins. They both incorporate decentralized exchanges, such as PancakeSwap, Uniswap, and Sushiswap, that have these shitcoins listed.
You can also try to find the shitcoin you’re interested in on Changelly — we have the widest selection of more than 400 digital currencies, including meme coins.
How to Buy Shitcoins for Beginners — Step-by-Step Guide
Buying a shitcoin is easier than most new investors would think. All you need to do is follow some basic steps, such as signing up for an exchange account with a safe company, doing proper research on available shitcoins, and becoming familiar with market order types.
Another thing to remember: investing all of your money in a single cryptocurrency is risky. It is not a good strategy, despite the fact that it may appear like an easy method to make quick money.
Ultimately, having a detailed plan and taking time to practice will lead you to successful crypto investment experiences in the long run.
If you’re looking for a trusted marketplace to buy yourself some meme coins, look no further — Changelly has gathered all the best rates and lowest fees for 400+ various crypto assets! We also offer the easiest registration, 24/7 customer support, different fiat currencies as a payment method, and the highest security standards. Give Changelly a chance while reading this article!
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Where to Store Shitcoins Safely
As the cryptocurrency market constantly fluctuates, it can be hard to choose where to store your shitcoins. It’s necessary to keep in mind that shitcoins are not legal tender, so keep them secure. Here are a few safe places to keep your shitcoins:
Online exchanges: They allow you to effortlessly swap your crypto funds and typically have low fees. Binance is one of the most popular exchanges.Digital wallets: Because your private keys are never revealed, this is one of the most secure ways to store your currencies. Coinbase is one of the most popular digital wallets.Paper wallets: Paper wallets are another effective solution for storing coins because they are difficult to hack. You can print a paper wallet and keep it in a secure location. Mycelium is a popular software solution that lets you make paper wallets.Cold wallets: Overall, using cold wallets for shitcoin storage is the safest option available as, apart from being convenient, they offer high levels of security.
Conclusion
Shitcoins are a popular asset class, but most investors see them as useless assets without clear applications. Many of them have successfully established solid communities, which has driven up their prices. However, a few of these coins also accrue value by including use cases.
FAQ
Do shitcoins make a good investment?
Deciding whether or not to make an investment in a shitcoin is a tough call. On the one hand, these types of cryptocurrency projects tend to come and go very quickly, offering the potential for quick gains. On the other hand, there’s no guarantee that any of them will take off, as is the nature of investing in high-risk projects. If you’re looking to gamble with small amounts of money in hopes of big returns, a shitcoin might be worth considering; however, if you’re looking for something more secure and reliable, it would be wise to look elsewhere. As with all investments, exercise due diligence and research before putting money into any project.
Can shitcoins make you rich?
While shitcoins certainly have the potential to make someone wealthy over a short period of time, they are also high-risk investments. Anyone considering investing in shitcoins should exercise due diligence and research the project thoroughly before committing any capital. It’s important to remember that no investment is guaranteed; there’s always a chance to come out on top, but nobody wants to face major financial losses because of an unwise decision. That being said, there are people who have made substantial amounts of money buying and selling shitcoins — it all comes down to understanding the market and making smart decisions. Now, it is time to remind you once again: please, don’t forget to do your own research.
Which crypto will explode in 2023?
XRP, ETH, and RobotEra are often referred to as the cryptocurrencies with the most explosive potential. We have a whole article on the most promising coins in 2023 — you can find it here.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
