Best Shitcoins to Buy Right Now in April 2024

Shitcoins are a type of crypto token consisting of meme coins and tokens with no clear use cases or functions. However, this does not mean that they are valueless. Many shitcoins are undervalued because they aren’t the most prominent digital currencies like Bitcoin and Ethereum. But the smartest crypto investors understand that the underdogs are worth backing when thinking of investing in crypto.

This guide highlights what are Shitcoins, why are so many shitcoins launched daily and how to choose a project with potential. Our experts explain what is the life cycle of a shitcoin and what are the most opportune moments to invest in a shitcoin. Last but not least, we have prepared for you a list of the newest and most promising shitcoins for 2024 and short step by step guide on how to buy shitcoins in less than 10 minutes.

Frog Wif Hat (FWIF)

• Invest in the next meme coin to explode
• Launched straight to DEX for fair participation
• Low entry point for early investors

Project Launched

February 2024

Purchase Methods

• 
  ETH
• 
  USDT

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Sponge V2 ($SPONGEV2)

• $SPONGEV2 tokens can only be obtained by staking $SPONGE
• Stake your Sponge V1 tokens to recieve a V2 token bonus
• Earn more crypto with the SPONGE P2E game

Project Launched

December 2023

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Debit

Visit now

Meme Kombat ($MK)

• A meme token with real utility
• Maximize your initial investment with competitive staking rewards
• Win crypto by correctly betting on the outcome of meme-based battles

Project Launched

September 2023

Purchase Methods

• 
  ETH
• 
  BNB
• 
  USDT

Visit now

eTukTuk ($TUK)

• Invest in the newest sustainable cryptocurrency
• $TUK tokens can be staked for passive rewards
• The eTukTuk project helps to develop sustainable initiatives for a greener future

Project Launched

January 2024

Purchase Methods

• 
  BNB
• 
  USDT
• 
  Debit

Visit now

Wall Street Memes ($WSM)

• Stake $WSM tokens for rewards
• Receive bonuses in the WSM Casino by buying and holding $WSM tokens
• Listed on top crypto exchanges including OKX, Gate.io, MEXC and more

Project Launched

May 2023

Purchase Methods

• 
  ETH
• 
  BNB
• 
  USDT

Visit now

What are Shitcoins?

A Shitcoin is an obscure coin or meme coin, that can gain value simply by existing, as well as through a boom in popularity generated by, for example, a celebrity endorsement (DOGE x Musk case, for example), online community interest, or a new connection.

If the price chart of an altcoin has been flat and dead for years, a crypto project, may begin to be referred to as a shitcoin. One of the variations of a shitcoin that emerged as an alternative for more serious projects can apply to meme coins, like the native tokens of Meme Kombat or Sponge.

Another category that can be considered shitcoins are cryptocurrencies with no claimed purpose or real use. Within the crypto space, undervalued crypto assets or those with a low market valuation may be referred to as shitcoins.

Do Shitcoins Make a Good Investment?

Investing in Shitcoins can be a good way to diversify your portfolio with tokens that could potentially perform well when other cryptos are struggling. However, there is no guarantee that Shitcoins will ever increase in value. Shitcoins are typically cryptocurrencies with little to no real-world use or value. They are often created quickly, with developers looking to take advantage of the growing interest in trending topics or events. These coins tend to have flashy marketing campaigns and promise huge returns to attract investors and create a sense of FOMO.

While some token holders have indeed made significant profits from shitcoins, it is crucial to note the inherent risks involved in investing in these speculative assets. Many of these coins lack the fundamental principles that make traditional cryptocurrencies attractive, such as a solid underlying technology, a strong development team, and a genuine need in the market.

Investing in shitcoins is not too far from gambling at a casino. You may get lucky and see substantial returns in the short term, but the odds are stacked against you. These coins often experience wild price fluctuations, making it difficult to accurately predict their value or stability. Moreover, the lack of regulation in the cryptocurrency market means that investors will not be able to get their money back if a project fails to deliver the results that were promised.

A Closer Look at the Top Shitcoins to Invest in 2024 

Shitcoins represent very volatile assets, with good potential but also huge associated risks. For this reason, the most important, but also time-consuming, stage is market research. Our experts invest hundreds of hours in researching the shitcoin market, and below we present some shitcoins to consider in 2024. To compile this list, we applied our own author methodology (with ranking criteria described on this page).

1. Sponge V2 (SPONGE) – The newest shitcoin that will be launched on major crypto exchanges in 2024

Sponge V2 is the newest addition to the Sponge coin ecosystem that is set to pump in 2024. The token is the second version of SPONGE – a meme coin that saw huge growth in Q4 2024. Since announcing the launch of the V2 token, SPONGE has experienced a price jump of more than 150% which demonstrates the enthusiasm and hype that surrounds this shitcoin.

SpongeV2 is not a traditional presale token. Instead, to invest in Sponge V2 you must first buy SPONGE and lock this up in a staking contract. You will then be given V2 tokens as a reward for staking the original Sponge token. The aim of this process is to phase out V1 tokens to pave the way for the V2 listings.

SPONGE was originally created as a pure meme coin with no real utility. Instead, the project relied on social media hype and community support to attract investors and sell out the presale. As the project develops, the creators plan to bring some utility to the V2 token. This will come in the form of a P2E game through which players can earn crypto rewards.

SPONGE holders will also be able to lock up their tokens for passive rewards over time. As well as brining utility to the token, the staking mechanism will encourage investors to hold their tokens. This will prevent sell-offs.

The project team aim to get SPONGEV2 listed on major exchanges. If this does occur, the project may see a second pump which could reward early investors. The best way to invest early is to buy SPONGE and stake your tokens for V2 rewards.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

2. Meme Kombat (MK) – The ultimate meme coin with an innovative bet-to-earn rewards model

Meme Kombat is a new innovative project combining the crypto memes paired with a battle arena gaming style. The project takes memes to the next level creating an exciting and competitive battle arena where users will be able to wager on the outcomes to earn rewards.

The characters within the game will be represented by all the most popular meme coins in the crypto markets. These characters will battle it out bringing a whole new thematic to identifying which meme is the most powerful player.

The platform hosts the native $MK token which will be used to wager in battles, be distributed as rewards for battle winning bets and can be staked to enable players to earn passive income.

Meme Kombat offers users the fun-filled experience of supporting their favourite characters, all while providing users with staking features and rewards along the way. Participants in the Meme Kombat presale will be able to stake their tokens immediately and start passively earning while the presale continues until launch.

The total supply of $MK tokens is 12 million, and 50% of this is allocated to the presale. 30% of the total token supply is allocated to staking and battle rewards meaning there is no shortage of earning potential for early supporters who stake $MK tokens and wager for their favourite meme characters.

The remaining 20% will be split, with a 10% allocation to the DEX liquidity of the $MK token and 10% for community rewards for early supporters who create content, drive positive engagement and for collaborative efforts from participants that are active in the Meme Kombat community.

Wagering on meme battles will come in different formats. Player vs Player battles will directly involve two community members betting against one and other on the outcome. This will create a competitive environment for degen crypto enthusiasts from different meme coin communities.

Player vs Game betting will enable players to simply bet against a specific set of odds, similar to online sports betting. Direct betting is a more traditional method which allows users to place wagers on specific battles or pick certain characters to win. Finally, side action betting will allow participants to place wagers on specific dynamics and actions that take place in a battle such as first moves, number of special moves used or counter moves made at given time periods.

In order to participate and place wagers on battles Meme Kombat, users will need to purchase and stake $MK tokens. The presale is currently live and the price is set at $0, 183 per $MK token. Remember that users who participate in the presale can immediately start staking their tokens to earn passive rewards, and load up on $MK to be ready for the battle arena.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

3. eTukTuk – with AI guidance system, a roll cage design, LFP batteries and other great features

eTukTuk is building a global network of electric vehicle and electric vehicle charging stations to reduce air pollution and enable TukTuk drivers to use sustainable transport.

Compared to other shitcoins, $TUK offers various use cases within the platform.

eTukTuk is one of the first projects to offer a solid vision for transforming public transport in developing countries. The ecosystem steers them towards a more sustainable future.

All transactions, especially payments for fees and rewards for contributions are settled in ecosystems native token – $TUK. The native cryptocurrency is currently in the presale phase.

$TUK token staking dashboard is available now as well, allowing presale investors to take advantage of the high APYs early. The staking mechanism offers investors a passive way to grow their assets.

The $TUK token presale is progressing quickly. Since each new stage of presale comes with a higher price, investors should act early to secure the tokens with discounted price.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

4. Dogecoin (DOGE) – Popular shitcoin with the biggest market cap

When thinking of the best shitcoins to buy in 2024, Dogecoin is a notable mention. DOGE is the father of all shitcoins, it was forked from Litecoin in 2013, and it’s the most popular dog themed meme coin today.

Dogecoin has received tremendous social media backing pioneered by numerous conversations and the influence of Tesla and Space X CEO Elon Musk. According to the source, in 2021, DOGE recorded a 400% increase in a week, and 12,000% within the following months.

Apart from being popular, Dogecoin is also one of the shitcoins to invest in because it has the biggest market cap among all the shitcoins around and those in this shitcoins list. At the time of writing, 1 DOGE is worth $0.06698.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

5. Shiba Inu (SHIB) – The “Dogecoin killer” with great potential

Shiba Inu Shitcoin is another popular coin on our top shitcoins list of 2024 – and this is because this shitcoin has experienced tremendous growth and transformation over the years. SHIB was launched in 2020 as an alternative to Dogecoin.

The Shiba Inu meme token is also known as the “Dogecoin killer” because its developers created it to challenge Dogecoin, but it’s still yet to thump DOGE in the market. However, the coin is the second-biggest shitcoin to invest in terms of market cap. It has also experienced exponential price growth since it started trading.

Besides its growth and broader adoption, Shiba Inu’s social media hype makes it valuable to its holders. This hype increases its popularity and moves its market price upward or downward.

However, Shiba Inu shitcoin has many use cases in the DeFi ecosystem. Users can use SHIB to stake and earn rewards, build DeFi apps, provide liquidity to the market, develop NFT projects, etc.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

6. Akita Inu (AKITA) – One of the best shitcoins on the Ethereum blockchain

As stated earlier, some meme coins are some the best new shitcoins to invest in, and Akita Inu is one of them. Though it’s a relatively new project, Akita Inu’s AKITA is one of the best shitcoins to buy today due to many reasons.

Akita Inu is a community project on the Ethereum network that allows project governance and decision-making by the community instead of founders or other kinds of leaders. In other words, a community of crypto enthusiasts drive the AKITA project in order to run the project and network while at it.

It is important to note that AKITA’s reward system is quite different from that of many other projects in this shitcoin list because it strives to achieve equity amongst all its users. For example, Akita Inu doesn’t reward developers more, as it is in virtually all DeFi projects. Instead, everyone gets an equal chance to own the crypto without a higher ownership right.

Akita Inu has a Telegram community with 17,000+ members and a Twitter account with 33.7k followers – a further testament to its growing community. According to the Coinmarketcap, the live Akita Inu price today is $1.22e-7 USD with a 24-hour trading volume of $457.497 USD.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

7. ApeCoin (APE) – One of the best new shitcoins to invest in right now

ApeCoin is another ERC-20 token that makes our best new shitcoins list. The coin is the governance and utility token for the APE ecosystem, and also rewards its community.

The APE ecosystem is an interesting one notable for its gaming and commercial features. Users can use the platform for P2E games, trade NFTs, etc. Though it was launched in 2022, ApeCoin is one of the best shitcoins to buy today because of its price and potential. At the time of writing, ApeCoin’s price today is US$1.34, with a 24-hour trading volume of $42.53 M.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

How Do Shitcoins Work?

The mechanism of work of shitcoins has been a topic of interest in the cryptocurrency market, as they have emerged as a response to the rapid growth of Bitcoin and the availability of substitute cryptocurrencies. These cryptocurrencies often arise from a lack of purpose, pump-and-dump schemes, copying existing coins, Initial Coin Offerings (ICOs), a lack of development or community support, and pumped-up hype and speculation.

Shitcoins often lack a solid foundation, value proposition, or innovative features, leading to a lack of interest and value. Pump and dump schemes involve manipulating the market for personal gain, promoting the coin aggressively, and selling holdings once the price has risen. Copying existing coins, known as “forks” often offers little to no modifications or improvements compared to the original coin. Initial Coin Offerings (ICOs) have also been a significant factor in the formation of shitcoins, as they often result in worthless or highly volatile assets.

How to Identify a Shitcoin?

Shitcoins typically have a low market capitalization, making it easy for a few investors to manipulate prices. The most obvious pace on how to identify a shitcoin is through a lack of a well-defined function, unlike Bitcoin, Ether, and Binance Coin. Investors who lack resources on how to identify a shitcoin should examine the background development and associated project, such as if the project is a copy of an existing cryptocurrency platform or has an associated whitepaper.

Understanding The Shitcoin ‘Lifecycle’

The shitcoin life cycle is a complex phenomenon involving the creation, pumping, and dumping of shitcoin. The duration of a shitcoin’s life depends on various factors, including market conditions, community support, innovation, and regulation. Our experts presented in the graph below the life cycles of a Shitcoin based on the Dogecoin example.

Developers create shitcoins by copying or creating a new one and promoting them through whitepapers, websites, and social media. They launch the coin on an exchange or decentralized platform, selling large amounts to early investors or keeping a portion for themselves.

The developer and their accomplices manipulate the price and volume of the coin through tactics like fake news, partnerships, and coordinated buying and selling. The shitcoin cycle can be repeated by the developer or accomplices, who sell their coins at the peak of the pump, leading to a plummeting price and volume.

Shitcoins often have low market capitalizations. Because of the modest market capitalization, a small number of investors can easily manipulate prices, boosting them with minimal effort.

Best Platform to Buy Shitcoins in 2024

You’ll find most of these shitcoins with potential on different exchanges today. While some are new shitcoins with potential and unavailable on these exchanges, the majority are available. We recommend the overall best exchange, eToro, for the best shitcoins to buy in 2024. However, there are other dependable exchanges to consider:

1. eToro

According to our research, eToro tops the list of decentralized exchanges (DEXs) trading meme coins. If you’re looking to buy any of the top 10 meme coins we’ve listed or any other digital currency, head on to their website to sign up and buy and sell crypto with the lowest fees in the market.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

2. Bitstamp

Bitstamp is one of the oldest crypto exchanges with a record of high-volume transactions and low fees. The exchange has been around since 2011 and is suitable for both new and experienced crypto investors to invest in crypto.

With easy modifications and a great UI, Bitstamp makes it easy for anyone to buy, sell, and exchange crypto easily. It also lets you earn free crypto when you stake your coins over a certain period.

The platform also has robust security measures without additional charges for transactions. And with a crypto trading fee of 0.25%, users can trade 20+ cryptocurrencies and more than 50 trading pairs. So, it may be a good time to buy and hold some shitcoins with potential on Bitstamp – whether you’re in the market for the best new shitcoins or older ones.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

3. Webull

Webull is a popular trading platform that can be used to trade traditional finance markets as well as trading crypto. The trading platform is commission-free with no monthly platform fees. Apart from its affordability, it’s also one of the most popular trading platforms in the United States today – with a simple-to-use interface that is suitable for crypto newbies.

With Webull, you can trade and invest in a wide range of cryptocurrencies, including some of the best shitcoins to buy today. People new to crypto investing also get access to educational resources to help them learn about the crypto industry and investing as a whole.

-Also, Webull gets a lot of plaudit for its top-notch customer service and optimum security. There are user testimonies about how the platform provides real-time solutions to problems through its mobile and online chat support teams. This makes it easier for customers to trust the platform and also back the best shitcoins with potential.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

4. Coinbase

Coinbase is the biggest digital exchange in the United States today with more than 35 million customers. The trading platform allows people to buy and sell cryptocurrencies easily. So, if you’re looking to investing in any of the best shitcoins to buy in 2024 , you may consider using the Coinbase trading platform. And here’s why.

The platform is one of the oldest around. Founded in 2012, Coinbase works in all US states except Hawaii. It also has a secondary platform called Coinbase Pro, where active crypto day traders can buy and sell cryptocurrencies instantly.

Coinbase is also suitable for new users and inexperienced investors looking for the best shitcoins to buy because of its smooth UI and online learning resources. All you have to do is create an account, upload the required ID, add funds to your wallet with a debit card (recommended), and purchase any of the best new shitcoins to invest in now.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

How to Buy Shitcoins For Beginners – Step-by-Step Guide

A lot of popular shitcoins are available to buy on centralized exchanges. In the guide below, we will walk you through the steps of buying shitcoins on eToro – our recommended broker for beginner traders.

Before you invest, make sure to conduct thorough research into different brokers and tokens. Although eToro is our recommended platform, it might not be the most suitable for your trading strategy.

1. Sign up to eToro

Before you can trade Shitcoins, you will need to create an eToro trading account. As a centralized exchange, the platforms require personal information such as your name, email address and phone number.

You will also need to prove your ID by submitting two documents. One document must show your identity and the other must prove your address.

2. Fund your account

Once you have created your eToro account, you will need to add funds. eToro accepts a variety of payment methods including bank transfer, debit/credit card, PayPal and Skrill. The minimum deposit is just $10.

3. Purchase crypto

The next step is to purchase crypto tokens that can be swapped for meme coins. The token that you should buy depends on which exchange/platform you wish to use. For example, to buy TAMADOGE through the presale event you will need to use ETH. You can purchase ETH on eToro by using the search bar to find the coin and then placing an order.

4. Transfer your crypto to a wallet

Once you have purchased the correct crypto funds, you will need to transfer them to a wallet that can be connect to the website or DEX that you wish to buy the meme coins from. Good options to consider include MetaMask and Trust wallet.

Next, connect the wallet to your browser as an extension. Once this has been completed, you will be able to transfer your crypto funds from eToro and then use them to purchase meme coins on a DEX.

5. Purchase shitcoins

When using a wallet to purchase meme coins, you will need to know the token address. Next, simple swap your crypto for the meme coins through your wallet using the swap feature.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Conclusion

Shitcoins represent the most volatile cryptos – the space where some investors become rich overnight, while others lose huge amount of money. Our experts believe that the correct and complete understanding of the nature of these cryptocurrencies is the first and the main step towards choosing shitcoins with potential.

We’ve made a list of some of the best new shitcoins to buy in 2024 to save you time and help you make informed decisions. But it’s imperative you understand that even shitcoins with potential are high-risk and high-reward assets. That’s why we invite you to read other informative articles on our website, which will help you get a clearer perspective on investing in shitcoins and other types of crypto.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

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