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What is Shitcoin

A cryptocurrency with little to no value or a virtual currency with no obvious, immediate use is referred to as a “shitcoin”. The phrase is a derogatory one that is frequently used to refer to alternative cryptocurrencies or altcoins that were created after bitcoins gained popularity.

A shitcoin’s decreased value is frequently the result of disappointed investors because it was not launched in good faith or because its price was dependent on speculative activity. These currencies are therefore viewed as poor investments.


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