A shitcoin refers to a cryptocurrency with little to no value, authenticity, or utility. These tokens are created with minimal innovation or purpose but often as a joke or for a quick-profit scheme. Many of these tokens (popularly known as meme coins) are inspired by current world happenings, internet jokes or memes. Because most shitcoins are memecoins, the term shitcoin and memecoin are often used interchangeably.
Shitcoins are usually propped by inflated promotional claims, ambiguous use cases, and teams made up of anonymous or nameless developers. As these tokens have no intrinsic value, their prices tend to crash as soon as market interest fades.
— Read on www.coingecko.com/learn/what-is-a-shitcoin
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