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In the cryptocurrency community, “shitcoin” is a pejorative term used to describe a cryptocurrency that is considered worthless or has no potential long-term value. This could be due to a lack of technological innovation, purpose, or support, or because it was created merely as a quick money-making scheme without any substantial backing or legitimate use case. The term is often applied to coins that have seen significant hype followed by rapid declines in value or those that fail to achieve their promotional claims. Understanding which coins might be considered “shitcoins” can help investors avoid risky or unwise investments. For a detailed explanation of the characteristics that might categorize a coin as a “shitcoin,” and more about the term’s usage in the crypto community, this article could be quite enlightening: https://paybis.com/blog/glossary/what-is-a-shitcoin/ It offers insights into the factors that contribute to a coin being labeled this way.
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