What is shitcoin & how does it work?

Have you ever stumbled upon the term 'shitcoin' in the vast landscape of cryptocurrencies? Well, let's delve into what it really means and how it operates. Simply put, shitcoin is a derogatory term used to describe cryptocurrencies that are considered to be worthless, poorly designed, or have little to no real-world use. These coins often emerge from pump-and-dump schemes or are created without proper research or development. So, how does it work? Well, shitcoins function similar to other cryptocurrencies, relying on blockchain technology. However, their value is often volatile, prone to manipulation, and can plummet rapidly due to a lack of market interest or credibility. While some investors may see shitcoins as a high-risk, high-reward investment, others advise avoiding them altogether due to their inherent risks and unreliability.