Table of Contents
The term ‘Shitcoins’ is commonly used to describe trendy and popular cryptocurrency tokens that offer huge growth potential regardless of their utility.
- PEPE – Shitcoin with the potential to become the king of meme coins
- Floki – Memecoin project with a large ecosystem
- Milady Meme Coin – Meme coin with potential for further growth
- Dogelon Mars – Shitcoin with the support of a large community
- Dejitaru Tsuka – Cryptocurrency that has attracted a lot of interest due to its alleged connection to the creator of the Shiba Inu
- MonaCoin – Best shitcoin from Japan
The best shitcoins to invest in
In this section, we’ll take a closer look at some of the best shitcoins we’ve invested in.
PEPE: Shitcoin with the potential to become the king of meme coins
Pepe Coin (PEPE) is a popular meme coin built on the Ethereum blockchain. Since its public launch in April 2023, Pepe Coin has quickly become one of the top 50 most traded cryptocurrencies. Unlike meme coin DOGE, which took nearly four years to reach over $1 billion in market capitalization, Pepe Coin reached this milestone within three weeks of its launch. Although the price of PEPE has been extremely volatile since then, the number of individual holders has continued to grow.
Ironically, the official Pepe Coin website states that Pepe Coin is for entertainment purposes only, the tokens have no intrinsic value and you should not expect any financial returns. However, PEPE has actually been purchased by more than 140 thousand investors and the meme coin has been listed on major cryptocurrency exchanges including Bybit, Gemini and Binance.
PEPE has a maximum supply of 420,690,000,000 tokens. 93.1% of this is in the liquidity pool and the remaining 6.9% is allocated to a multi-signature wallet for future use. Pepe Coin uses a deflation mechanism where a small percentage of tokens are burned with each transaction to create scarcity and potentially increase the value of the remaining tokens over time. It also uses a redistribution system where a portion of each transaction is distributed to existing token holders to encourage user engagement and long-term investment.
In short, Pepe Coin is an up-and-coming meme coin aiming to become the king in this sector. With its community-focused approach, Pepe Coin has the potential to establish itself as an important player in the cryptocurrency industry. Its current price is 85% below its all-time high and its market capitalization is enough to rank 89th on the CMC rankings, but meme coins are known for their volatility and massive bounces, making it an attractive opportunity for risk-tolerant investors.
Floki – Memecoin project with a large ecosystem
Floki is another crypto asset in a long line of meme coins that were inspired by Dogecoin and Shiba Inu. Named after Elon Musk’s dog, Floki is creating a lot of buzz in the crypto markets. The project ecosystem is quite extensive. Being among the best shitcoins on the market, it tries much harder than its competitors to create more useful features for users.
The ecosystem includes a metaverse NFT game with upgradable NFTs and combat systems, in-game items, ships and farming – Valhalla. We must not forget FLOKI University, which is an educational platform designed to make Internet users aware of the potential of blockchain and the role of FLOKI in their ecosystem. Floki also provides 400,000 FLOKI holders with access to a collection of decentralized finance (DeFi) products introduced under the Floki brand. Its main product is FlockiFi Locker and QickSwap.
Floki also integrated a marketplace for NFTs and goods. Known as FlokiPlaces, this marketplace is designed to facilitate the buying and selling of NFTs and other digital products. The goal is to establish Floki as a viable payment option. This token is created on the Ethereum blockchain and the BNB Smart Chain. It is an ERC20 and BEP20 token that incentivizes users to hold for the long term. The current transaction fee is 3% and applies to both buyers and sellers. This fee was originally set at 8%, but was later reduced to encourage more users to hold the token. The collected fees are used to finance the marketing and further development of Floki Inu.
As a cryptocurrency classified as a meme coin, Floki has been very volatile since its launch. Floki launched in June 2021 and currently has a market capitalization of nearly $ 245 million. Additionally, Floki is one of the cheapest meme coins with a price of 0.0000026 USD. In November 2021, Floki Inu reached its peak at 0.0003359 USD.
Milady Meme Coin – Meme coin with potential for further growth
Meme coins have been a big topic in the cryptocurrency market this year. The trend started in January when the price of Bonk, a cryptocurrency built on the Solana blockchain, skyrocketed. This trend continued in the following months as PEPE reached a market capitalization of over USD 1 billion. Other meme coins were also quite successful during this time, including the Milady Meme Coin (LADYS).
Milady Meme Coin (LADYS), surprised most cryptocurrency investors and traders after it surged more than 10,000% within hours. Today, despite the sharp decline, it is still 165 % above its low. Milady intends to create a marketplace for NFT goods, tools and an academy for LADYS holders. The ultimate goal is to reach over 100,000 holders.
It is not unusual that cryptocurrencies without much use are still popular and the number of their investors is growing. Just think of some of the most famous meme coins like Shiba Inu, Dogecoin or Floki. While some of them build an entire ecosystem, most of them have no utility. The LADYS token is linked to PEPE by a virtual distribution of 1% of the LADYS token supply to PEPE holders. As a result, LADYS could benefit from PEPE’s potential success.
At its peak, LADYS had a market capitalization of over 100 million USD and was one of the most popular tokens among traders. In May 2023, the token reached its all-time high of 0.0000006864 USD. Since then, its price has fallen by more than 95%.
Dogelon Mars – Shitcoin with the support of a large community
Very few cryptocurrencies can boast such a mixed name as Dogelon Mars (ELON). Of course, the name was chosen on purpose. The project references the visionary Elon Musk, as well as a mission to Mars and recently highly publicized dog memes. ELON entered the crypto industry only in 2021, so it can still be described as a young coin. Thanks to the creative and at the same time catchy name, the project quickly rose to prominence, from which it still benefits today.
Dogelon Mars is a so-called meme coin. This means that it offers no real added value to the user. Instead, they are trying to build a community around the coin. It must be added that so far with great success. Many investors follow the story of little Dogelon Mars, which is told in the form of a comic book on the project’s website. Set in the year 2042, the story tells of a major threat posed by invaders that Dogelon Mars and his family must fend off.
ELON’s tokenonomics is both impressive and unique. In total, one quadrillion ELON will be created. There are around 549 billion of them in circulation. The token has a market dominance of 0.02% and has suffered losses of approximately 99.5% compared to its all-time high. At the time of writing, ELON was trading at 0.0000001956 USD.
As a young meme coin, Dogelon Mars has to contend with a number of competitors. Compared to many of its top competitors, the coin is still very unknown and has a relatively low market cap of 106 million USD. From a purely technical point of view, Dogelon Mars is ideal for crypto beginners. There is no need to pay attention to the technical specifications as this coin offers no real benefit in practice. The value of cryptocurrency is based solely on supply and demand.
Dejitaru Tsuka – A cryptocurrency that has attracted a lot of interest due to its alleged connection to the creator of the Shiba Inu
Dejitaru Tsuka is a cryptocurrency created on Ethereum, which was launched in June 2022. For a long time, there was almost no information about the project in the open, and its website only shows a brief description of “the dragon Dejitaru Tsuka”, which brings abundance and wealth. The site further elaborates, “The Dejitaru Tsuka dragon is sought after by the knowledgeable and revered by the lesser. It strikes fear and dread in the hearts and minds of those who ask. Seal your fate and fortune by harnessing the unmatched power of the dragon Dejitaru Tsuka.”
The developers later clarified that Tsuka was created to address failures and fraud in the crypto market. TSUKA aims to fill a gap in the market and benefit its community along with the entire digital market. The true creator of Dejitaru Tsuka is unknown, although there are rumors that Ryoshi, the creator of the Shiba Inu project is also the mastermind behind TSUKA.
Plans for the project include the creation of a new cryptocurrency exchange called Uruloki. Uruloki will be a community-managed decentralized application (dApp) to enhance the functionality of a decentralized exchange (DEX). It will introduce features such as limit orders, active liquidity provision and new trading strategies. Developers Dejitaru Tsuka aim to launch Uruloki at the end of the 2nd and 3rd quarter of 2023.
TSUKA was first traded on June 28, 2022. It has a total supply of 1,000,000,000. TSUKA was trading at just under $0.01 upon its launch before showing a massive price increase, reaching its all-time high of 0.2474 USD on September 24th. TSUKA currently has a market capitalization of 19 million USD. TSUKA’s current price is 0.019 USD, or 90% from its all-time high, and is ranked 595 on the CMC.
MonaCoin – The best shitcoin from Japan
Monacoin is a Japanese cryptocurrency that was created from a hard fork of Litecoin. It was developed to enable fast, secure and decentralized transactions between senders and receivers. The name of the token comes from a Japanese internet meme called Mona. Mona is a cat that comes from ASCII art. The ticker for Monacoin is MONA. This best shitcoin is one of the Proof of Work cryptocurrencies and was launched by the developer Mr. Wantanabe. The name is a pseudonym, but it is believed to be a group of cryptocurrency developers from Japan.
Monacoin is special for various reasons. First of all, it is the first Japanese cryptocurrency. It is also used as a means of payment in Japan, which makes it very popular among investors. The community is very active and continues to drive the project forward. MonaCoin is a mineable token. It originally ran on the Scrypt hashing algorithm until Scrypt-based ASIC miners were created. This forced MonaCoin to switch to Lyra2REv2 – a Proof of Work consensus algorithm – in order to support GPU mining of cryptocurrencies.
To facilitate more transactions at a lower cost, MonaCoin chooses a block time of 1.5 minutes, which is 6.66 times more blocks than Bitcoin creates in the same time period. In addition, MonaCoin constantly updates its mining difficulty to optimize the mining experience. While Bitcoins and Litecoins update the block difficulty every 2,016 blocks, MonaCoin updates the difficulty with each block, optimizing the amount of energy a user needs to produce to validate the next block.
Dubbed as Japan’s self-proclaimed national cryptocurrency, MonaCoin doesn’t offer many features beyond storing and transferring value, so it’s ripe for competition to overtake it. Still, MonaCoin has some unique features to set it apart from its competitors, with most aspects focused on making MonaCoin a faster and more cost-effective alternative to other cryptocurrencies. Monacoin was launched in 2013 and currently its price is almost 98% below its historical ATH.