Shitcoin
Shitcoin is a derogatory slang term used to describe a cryptocurrency someone considers low-quality, useless, highly speculative or lacking credible value.
✦ Key Insight
The term communicates opinion rather than objective analysis, so readers should look at the project's actual technology, distribution, governance and risks.
✕ Common Misconceptions
Do not treat the label as evidence that a project is fraudulent, worthless or safe.
Detailed Explanation
In Practice
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FUD
FUD stands for fear, uncertainty, and doubt and describes negative information or sentiment that may influence market behavior.
Altcoin
Any cryptocurrency other than Bitcoin.
Memecoin
A memecoin is a cryptocurrency whose identity and popularity are strongly connected to an internet meme, joke, character or online cultural trend.
Degen
Degen is crypto slang for a participant who embraces highly speculative, experimental or high-risk opportunities, often with limited conventional risk controls.