Looking for the best shitcoins in the market?
The shitcoinmarket is an interesting place because you can find a potentially valuable token that will increase your portfolio worth in a matter of days. But that quick money does not come without risk. Most of the time, those smaller coins have no worth after their short lifespan. We see a variety of reasons for that such as a team without experience, lack of utility, and even rugpulls.
In our team, we have seen a fair amount of failed projects, some after a few days, some after a few weeks, and others before they even started. From private sales that never took off to a coin that had everything in hand to make it a lifetime project but became a waste, we have tasted all of it.
Know the team
There are some developers that have a good record and went on to help another team. Those teammembers will openly talk about their previous projects they worked on and their contribution to it. Even if it is a memecoin, at times, they can endure the very volatile market. That is, if that team has the experience and knows how to handle every phase of the market. In that case, you know your money has the potential of doubling or even more.
Look for utility
Even though a lot of people invest more into meme coins, it is a rare case to see a shitcoin with actual utility and value. So if you want your investment to be a bit safer in such an environment, make sure to look for a coin with utility. A team that puts effort in its project, does not have intentions to scam or to let the project fade out.
Community is key
One of the most undervalued factors in the shitcoinmarket is the community. Sure, when coins are bigger and they have proven their worth, the community may be less important, but when a coin is just taking its first steps, it is important to have a community to back it up. Get into Telegram groups and look for the project on X and observe how the community interacts. If the channel is organized and there are a lot of different users talking and participating in the chats, that is a great sign.
Security first
If you choose to go down the rough path of shitcoins, try not to buy everything at a low marketcap. Some projects fail to deliver the basic needs of an investor. Those low valued projects most often don’t have the funds to have an audit take place. Security and verification is an important factor for a lot of investors, especially the more experienced as they most probably have already fallen for a scam. Look for an audit from the project that you are interested in. Check if the owner has “doxxed” himself. This is a critical suggestion if you are looking for a project without scams.
Cryptotrends
Get to know the market better. What people are looking for, will increase in value. There is always a pattern. There used to be a trends like reward tokens, p2e gaming and memetokens involving different breeds of dogs. The market is not shy to show where its interests are. Look for a project in a trendy subject and you will certainly enjoy a smooth ride to some gains.
