Best Shitcoins to Buy Right Now in December 2023

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.

A closer look at the top shitcoins to invest in 2023 

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.Bitcoin ETF – A new shitcoin capitalizing on the US Bitcoin ETF launch

Bitcoin ETF is an ERC-20 token that’s both a speculative asset and a pillar of support closely tied to Bitcoin’s fate and the impending approval of spot Bitcoin ETFs by the SEC.

This visionary project has been designed to mark the arrival of Bitcoin ETFs in the US financial markets, offering a unique opportunity for those interested in the crypto market’s evolution, particularly in relation to ETFs. Investing in BTCETF allows you to potentially benefit from real-life events and the significant milestones achieved in the world of crypto ETFs.

BTCETF operates as a deflationary token aiming to progressively reduce the transaction tax, starting at 5%, by 1% for each milestone mentioned above as it is achieved.

In conjunction with lowering the transaction tax, each milestone triggers a burn event, removing 5% of the initial total token supply. This results in the burning of 25% of the tokens when all events have unfolded. The purpose of this deflationary approach is to incentivize long-term holding and mitigate selling pressure.

BTCETF goes beyond being a deflationary and speculative token; it also functions as a utility token, offering holders the opportunity to earn passive rewards through staking. A significant 25% of the token supply has been allocated to staking to bolster network security and stability.

The staking period for BTCETF varies, with buyers who choose to lock their tokens for an extended duration benefiting from increased staking rewards for each milestone attained. This strategy not only encourages long-term commitment but also contributes to the project’s growth and development.

Here are some of the latest news about Bitcoin ETFs approval from trusted sources:

Your money is at risk.

2. Meme Kombat – An ERC20 meme shitcoin with staking & betting features

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 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.

Your money is at risk.

3. TG Casino – Fully licensed gameFi casino for Telegram

TG Casino is a fully licensed casino and sportsbook, bringing gambling to the most popular app among crypto enthusiasts – Telegram.

TG Casino is a project created with it’s underlying $TGC token which offers utility within the project ecosystem. Participants of the TG Casino presale will be able to stake $TGC immediately which offers a high yield APY of up to 4000%.

The primary utility of the native $TGC token is that it will be used as the base currency in the Telegram Casino dApp. The platform will facilitate the use of other major cryptocurrencies, however, playing with $TGC will enable users to gain bonuses and prize rewards.

The TG Casino tokenomics seem favourable and has a uniquely rewarding model where $TGC profits will be used to burn, buy back and redistribute as staking rewards. There are 100 million total $TGC tokens with 40% being available in the presale.

Another 20% is allocated to the liquidity pool and 20% further will be for the staking rewards. 10% of the supply will be for player rewards and bonuses which incentivizes loyalty through gameplay and consistent engagement on the platform. The remaining 10% will be allocated for marketing and affiliate partners of the project.

The TG Casino ecosystem consists of a deflationary model which will help to create scarcity of the token while also rewarding users for holding the $TGC token. A portion of the daily profits of TG Casino exchanges will be used to buy-back tokens from the open market on DEX. 40% of the buy-back token will be burned, while the other 60% will be used to rewards for holders and users staking $TGC, helping to provide a passive income stream to ecosystem participants.

The presale is currently live and users can purchase $TGC for the initial price of just $0.15. Interested parties can use either the Ethereum network, or alternatively Binance Smart Chain, allowing purchases in ETH, BNB, and USDT on both networks. Participants in the presale have the ultimate benefit of being able to immediately stake $TGC token which currently provides APY of over 4000%.

Your money is at risk.

4. $LPX (Launchpad XYZ) – A Web3 market aggregator shitcoin

Launchpad XYZ, founded in early 2023, has a simple but vital goal: to assist crypto investors in making informed investment decisions in Web 3.0.

This goal will be met by the project’s cutting-edge dashboard, which will provide consumers with unmatched data. This covers market sentiment on various coins, allowing investors to find the best cryptocurrency to buy.

Like many other Web3 platforms, Launchpad XYZ features a native token called LPX. The LPX coin acts as the platform’s utility token and an investment asset.

In terms of usability, the LPX coin has numerous applications. To begin, the token grants investors access to platform-exclusive features such as ICOs and NFT mint alerts. Users must stake the LPX coin for 90 days to access these services.

The LPX coin will act as the Launchpad XYZ DEX’s exclusive token for exchange, fees, and other operations when it debuts. Holders of LPX will also be eligible for reduced trading fees. Staking on the LPX platform generates passive income in terms of investment.

Staking rewards on locked tokens are available to investors who stake their LPX tokens. In addition to LPX, investors who purchase Web3 crypto assets can stake supported assets in the platform’s staking pool. The LPX coin will go through a 10-stage presale. Only a quarter of the estimated 1 billion supply has been made available for presale. The presale for Launchpad XYZ accepts ETH and USDT. Investors will be able to claim their LPX tokens after the presale finishes.

Your money is at risk.

5. $YPRED (yPredict) – Top-Rated AI shitcoin to buy today

yPredict is an AI-powered software that forecasts cryptocurrency market movements. YPRED is the native token of yPredict, incorporating utility, management, and revenue-generating capabilities.

It is being released on the Polygon blockchain, with a total supply of 100 million tokens. Furthermore, YPRED is required for free access to technical analysis trading tools.

The use of yPredict has many advantages. Every trading model is tried and tested before being offered, assuring members they are reliable. If a model does not yield results, subscribers can vote to have it removed from the yPredict platform. Subscribers with native YPRED tokens will have authority over the platform through the DAO. This indicates that users will collaborate to make all decisions.

The total amount of $YPRED is under 100 million, making it one of the greatest low-supply cryptocurrency tokens. Furthermore, a part of the supply may be locked up through the multiple staking pools provided by the platform. As a result, as the platform’s popularity grows, more investors will compete for a restricted amount of tokens.

Before it is listed on any exchanges, users can purchase $YPRED at a discount during the presale. $YPRED is a token on the Polygon blockchain that can be purchased with $MATIC tokens. Additionally, users can exchange YPRED tokens for Ethereum (ETH), Tether (USDT), and Binance Coin (BNB). Investors should be aware that participating in presales is generally a high-risk investment, but many token presales have increased from these levels in the past.

Your capital is at risk.

6. WSM (Wall Street Memes) – Top shitcoin to buy for returns in 2023

Meme coins have become a popular choice for those seeking short-term gains in their investments. Among these, Wall Street Memes Token (WSM) is the most popular and has garnered attention with its enticing ongoing presale offering.

The project is based on the popular WallStreetBets subreddit, responsible for the GameStop short squeeze in 2021. For this reason, the project aims to give power back to the people.

Wall Street Memes has several advantages over other shitcoins. First, it is backed by a strong community. This means there is a lot of interest in the $WSM token, which is likely to remain popular in the long term. Second, the token is based on the Ethereum blockchain, which is very scalable. This means that Wall Street Memes can handle many transactions, which is important for a meme coin.

The Wall Street Memes Token team has created a strong tokenomics model, allocating 50% of the tokens to the presale for broad accessibility. Another 30% is reserved for community rewards, incentivizing engagement and contributions. The remaining 20% is devoted to liquidity provision, split equally between centralized and decentralized exchanges, ensuring smooth trading experiences and increased market liquidity.

Lastly, the presale is a limited-time opportunity to purchase WSM tokens at a discounted price. This discounted price maximizes the potential return on investment and incentivizes early participation in the project. Investors who seize this moment and participate in the presale position themselves for potential growth and substantial returns as the project gains traction.

Your money is at risk.

7. $CHMPZ (Chimpzee) – Green web3 shitcoin for investors who want to earn passive income

Chimpzee is a fascinating new cryptocurrency initiative leading the market in these ecologically aware times. This green effort has piqued the interest of global investors and exceeded expectations. Chimpzee is distinguished from other cryptocurrencies by its unique combination of extra incentives and continuous devotion to the environment.

Chimpzee actively works to raise public awareness of deforestation and climate change issues while helping groups devoted to preserving the environment and halting deforestation.

Utilizing Web3 technology, Chimpzee provides various earning options, including the Zero Tolerance Game (Play2Earn), Chimpzee NFT Marketplace, and Chimpzee Shop (Shop2Earn).

One of the year’s most exciting crypto investment sites is the Chimpzee presale. Market experts say early investors may be rewarded with a 10x price increase. The projections are strengthened by the awareness it has among businesses and celebrities eager to partner with cryptocurrency projects with environmentally friendly goals. The benefits and advantages improve as you participate more frequently in the CHMPZ presale.

Investors that care about the environment are becoming more interested in eco-friendly cryptocurrency projects. Therefore, Chimpzee is in a good position to be successful when it eventually lists on exchanges. The presale money will be used to keep the project in development. The team has a clear road map and is dedicated to moving the project forward.

Your capital is at risk

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

When thinking of the best shitcoins to buy in 2023, 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 shitcoin 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.

Your capital is at risk. 

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

Shiba Inu Shitcoin is another popular coin on our top shitcoins list of 2023 – 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.

Your money is at risk.

10. AKITA (Akita Inu) – 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.

Your money is at risk.

11. ApeCoin – 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.

Your money is at risk.

What are shitcoins?

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 basically 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 Wall Street Memes.

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

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.

Are shitcoins a good investment?

There are no investment types or instruments that guarantee success and profit, that is why is important to note that shitcoin performance is very volatile, and you can lose your capital and profit from investing in shitcoins. So, ensure you have a solid list of criteria when choosing a shitcoin to invest in (you can start from the list of criteria used by our experts).

Although some shitcoins have no utility and are not attractive or safe investment options, there are a few coins that have managed to grow and join the list of the most popular coins in the crypto space. One of them is even Dogecoin, one of the first shitcoins, which has become a decentralised cryptocurrency over time. Another famous coin is Shiba Inu, which was originally created as a joke, but has since come to compete with other popular coins and even has some DeFi features.

What is the cycle of life for shitcoins?

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.

When should you invest in a Shitcoin?

While it is possible to earn from trading shitcoins, the risks involved are significantly greater when compared to investing in established cryptocurrencies with good fundamentals. This is because they are more likely to be associated with dishonest or scammy methods, in addition to lacking essential value, new features, or a solid foundation.

That is why before purchasing a shitcoin, it is crucial to research the project’s whitepaper, initial coin offering (ICO), and team members testimonials. The whitepaper should be available, written in flawless English, and contain technical details. Overuse of visuals and lack of technical solutions are also red flags. Solid whitepaper examples include Bitcoin, Ethereum, and Cardano. ICOs should offer significant discounts for early investors, but lack of a product, demo, or code is another red flag.

The best time to invest in a shitcoin is during the creation phase (1), that is, in pre-sale. Precisely for this reason, more than half of the projects included in the list of shitcoins presented on this page are presale cryptos. At the same time, the fact that you buy the shitcoin in advance does not guarantee you profits, but increases the chances to buy the token at a good price, and later to speculate when it will be in the pumping stage (2).

Where to buy shitcoins in 2023

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 2023. 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. Take 2 mins to learn more

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.

Your money is at risk.

3. Webull

You can also buy and sell digital assets, including the best new shitcoins, on Webull. 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.

Your money is at 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 2023 , 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.

Your money is at risk.

How to buy shitcoins on eToro

You’ll find meme coins on various centralized and decentralized crypto exchanges today. Some of the coins on our top 10 shitcoins list are still very new, so you may only find them on decentralized exchanges. If this is the case, you will need to first purchase BNB, BTC or ETH to be able to buy the tokens.

Our top recommended broker for purchasing crypto is eToro. While you may not be able to buy all of the meme coins directly through the platform, you can use eToro to purchase BNB, BTC or ETH.

1. Create an account

To do this, you will need to register for an eToro account by visiting the website. You will be asked to provide a few personal details such as your name and email address and create a password.

You will then need to verify your ID by providing either a valid passport or drivers license. This process is fairly quick and usually takes just a few minutes to complete.

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. Take 2 mins to learn more

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 2023 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.

Your money is at risk.

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