10 Best Shitcoins to Invest in 2024 – New Shitcoin Projects

Today, progressively more people invest their money into various digital assets, including shitcoins. The term ‘Shitcoin’ is popularly used to describe crypto tokens that lack value or purpose but still offer huge growth potential.

Our guide will list a range of the best shitcoins for 2024, along with a detailed explanation of the investing factors.

  • Exciting new multi-chain meme coin expected to explode during 'DOGE day' in April, also offers staking rewards.
  • Dogeverse offers seamless interoperability with Wormhole and Portal Bridge offering secure navigation between chains
  • Investors can choose their preferred chains that offer lower fees and instant processing times, boosting the trading process.
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Matic
    Matic
  • +1 more
  • New Solana meme coin trending on Twitter with potential to go to the moon like $SLERF
  • $SLOTH presale has no price stages or timer. Simply send $SOL to token address and $SLOTH tokens will be airdropped
  • More than $500k raised in less than 24 hours
Project Launched
March 2024
Purchase Methods
  • SOL
    SOL
  • Hot meme coin project with play to earn utility and staking
  • Price has pumped 10x in last month, rumored to be listing on Binance
  • Over 12k holders and growing
Project Launched
December 2023
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • Next big Solana meme coin, emulating 100x success of Pepe, Bonk, Myro and Dogwifhat.
  • 35% of the total supply is set aside for airdrops distributed on Solana.
  • Earn airdrop points through Smog social interactions, quests, and on-chain activity.
Project Launched
February 2024
Purchase Methods
  • SOL
    SOL
  • USDT
    USDT
  • BONK
    BONK
  • ETH
    ETH
  • +1 more
  • New high-stakes battle project where the Wild West meets crypto
  • $SHIBASHOOT holders can buy and stake their tokens for passive rewards
  • Offers a Posse Rewards referral program where players can earn bonus tokens
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Groundbreaking AI token combining artificial intelligence with popularity of meme coins
  • Buy and stake $WAI tokens for passive rewards up to 3004% p/a
  • Presale has already raised over $240k highlighting this project's 100x potential
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Matic
    Matic
  • +1 more
  • Revolutionary decentralized CasinoFi gaming platform allowing players to become the house and earn yields.
  • Buy, stake or burn $IBET tokens during the ongoing presale to unlock real yield from trading fees, game winner fees and more.
  • Developers can build their own front-ends and games via the range of CasinoFi contracts.
Project Launched
March 2024
Purchase Methods
  • USDT
    USDT

Top Shitcoins to Buy Right Now

  1. Sponge V2 – Popular shitcoin soared by 100x in 2023, 182% staking APYs.
  2. SmogTrending shitcoin coin offers 42% staking APYs and airdrop rewards.
  3. eTukTuk – Sustainable crypto builds EV charging stations. Get 140% staking yields.
  4. Shiba Shootout – Fast-rising meme coin with multiple upsides.
  5. WienerAI – New dog-themed token with high potential.
  6. InsanityBets – Disrupting CasinoFi and GameFi by letting players earn real yields.
  7. Dogecoin – The original and the biggest shitcoin, market cap of more than $24 billion. 
  8. ApeCoin – Crypto that powers the prestigious Bored Ape NFT universe.
  9. Shiba Inu – Termed the ‘Doge Killer,’ this crypto has a $21 billion market cap. 
  10. Floki Inu – Multi-use crypto powering an NFT platform and educational ecosystem.

In-Depth Look at the Best Shitcoins

Let’s take a look at the best 10 shitcoins and what they have to offer.

1. Sponge V2 – Popular Shitcoin Crypto Merging to a V2 Version and Offering Staking Rewards

$SPONGE, the popular meme coin, is giving investors an opportunity to re-embark on the success that the V1 token created. The project is using the stake-to-bridge mechanism to merge all V1 tokens to its newly launched Sponge V2 smart contract. 

Those who have staked the V1 tokens can withdraw their holdings and stake them into the V2 smart contract. Investors who do not hold any V1 tokens can simply purchase directly from the website – resulting in an automatic staking process. 

Depending on the number of V1 tokens staked, investors will receive an equal amount of V2 tokens as a bonus. At the time of writing, more than 8.8 million tokens have been staked on the V2 smart contract – and the APYs are 182%. 

According to the Sponge V2 whitepaper, the platform will soon launch a play-to-earn game through which users can engage in online challenges to earn $SPONGE tokens. Sponge V2 will look to be listed on some of the best crypto exchanges. For more information on this cryptocurrency, join the Sponge V2 Discord and Telegram channel.

Hard Cap N/A
Total Tokens 150 Billion
Tokens available in presale N/A
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

2. Smog – New Shitcoin Offers High Staking Rewards And Huge Airdrop Rewards

Smog ($SMOG) is a new shitcoin that launched on the Jupiter DEX with a $2 million initial market cap, in Febraury 2024. In just over a week, it reached a $40 million valuation. 

The token has gained huge popularity among investors due to its highly rewarding airdrop, and it is the next shitcoin to pump. Specifically, 490 million tokens will be allocated for the “Greatest SOL Airdrop,” aiming to massively boost community engagement. Additionally, 50% of the token supply is dedicated to marketing, aiming to improve the project’s visibility and support within the crypto community.

What sets Smog apart is its market cap growth and attractive staking rewards, offering up to 42% APY. This makes Smog an exciting choice, with additional earnings possible through airdrop rewards for those who hold and stake $SMOG.

The platform also has a bridge that enables cross-chain functionality, allowing users from across blockchains to interact with SMOG. Users can join the official Telegramgroup and follow their Xaccount to stay updated on Smog’s developments, including plans for new exchange listings.

Hard Cap N/A
Total Tokens 1.4 Billion
Tokens available in presale Not a presale
Blockchain Solana
Token type SPL
Minimum Purchase None
Purchase with SOL, USDT, USDC or any other Solana-based token

3. eTukTuk – Sustainable Cryptocurrency Building EV Charging Stations to Help TukTuk Drivers

eTukTuk (TUK) is building a global network of electric vehicle charging stations and proprietary electric vehicles to reduce air pollution and help TukTuk drivers use sustainable transportation.

As TukTuk drivers from developing nations struggle to make a daily wage, eTukTuk will help promote the adoption of zero-emission vehicles (ZEVs) by setting up Electric Vehicle Supply Equipment (EVSE) and charging stations in urban and suburban areas of developing countries. To set these stations up, eTukTuk will use local manufacturing and support as well as territory partners to help with operations and installations.

After the charging stations are ready, TukTuk drivers can charge their EVs and make payments with EVs. The costs are expected to reduce by 75%, since the cryptocurrency results in low fees, being based on the Binance Smart Chain.

By staking $TUK, eTukTuk will also offer inflationary rewards from a staking pool. $TUK has a total supply of 2 billion, 19.5% of which is reserved for staking rewards. eTukTuk has raised more than $1.7 million since the presale started. Read the eTukTuk whitepaper and join the Telegram channel for more updates.

4. Shiba Shootout – Fast-rising meme coin with multiple upsides

Shiba Shootout ($SHIBASHOOT) stands out as a notable shitcoin inspired by a Wild-West theme, merging creativity, competition, and camaraderie” to provide a real and unique value proposition. Unlike traditional meme coins that are driven by hype alone, Shiba Shootout has taken a step further by offering real perks. 

Being a community-centric project, Shiba Shootout plans to incentivize interactions and engagements in its ecosystem. One of its offerings is known as “Savings Saddlebag,” making it possible for holders to earn more by dedicating their tokens to a specific wallet. 

Shiba Shootout meme coin

To further enhance its appeal, Shiba Shootout has also come up with a “Campfire Stories” session. With this program, the project aims to bring a community of meme coin lovers together to share their diverse experiences in the crypto sector.  

You can also take advantage of its referral program to earn more $SHIBASHOOT for inviting friends and families to the community. Complementing this offering is its staking utility, thus giving it long-term potential. 

Considering the ongoing meme coin craze and the host of utility features identified with Shiba Shootout, many believe it will have a fantastic outing when it launches on crypto exchanges. 

Token Symbol SHIBASHOOT
Total Tokens 2.2 Billion
Tokens available in presale Yes
Blockchain Ethereum
Token type ERC-20
Minimum Purchase None
Purchase with SOL, USDT, BNB, CARD

5. WienerAI – New dog-themed token with High Potential

Like others on this list, WienerAI ($WAI) is making waves as a leading shitcoin in the market right now. Since going live on presale, investors have been rallying behind the project, playing a vital role in its astonishing success.

Currently available at a fraction of a cent, $WAI has gathered substantial funding within hours of launch, thereby positioning it as one of the hottest active presales. 

$WAI

WienerAI ($WAI) is not just a meme coin. It has already distinguished itself from its peers with its AI-driven allure. The merger of its meme coin and AI fundamentals makes it a compelling investment opportunity for every savvy investor around. 

Looking forward, WienerAI has come up with an ambitious roadmap and well-capped tokenomics to drive its development goals. With not less than 20% dedicated to community engagements and rewards, WienerAI’s tokenomics emphasizes its community-centric ethos. 

Another significant selling point for $WAI is its staking mechanism which allows token holders to contribute to the future trajectory of the project while amassing passive income. Are you looking for the best shitcoin to maximize your investments? Try out $WAI.

While benefiting from the potential market success of the token, presale investors will also earn an APY that is as high as 2000%.

Token Symbol WIA
Total Tokens 69 Billion
Tokens available in presale Yes
Blockchain Ethereum
Token type ERC-20
Minimum Purchase None
Purchase with SOL, USDT, BNB, MATIC

6. InsanityBets – Disrupting CasinoFi and GameFi By Letting Players Earn Real Yields

Though not a shitcoin, InsanityBets is disrupting the CasinoFi and GameFi space by allowing players to be the house and earn real yields from playing on an open platform. 

InsanityBets’ native token, $IBET, recently launched its presale. It has a total token supply of 5 billion, 50% of which is available for $0.0015 per token at the time of writing. 

Through Chainlink VRF, the platform offers many provably fair games, including Plinko, Rock Paper Scissors, Coin Flip, and slot machines, and also allows developers to create their own games. 

$IBET holders can also stake their tokens for early access to games, fee discounts, and priority in the PVP game queue.

InsanityBets homepage

Burning $IBET gives holders 50% of trading fees via a burn pool. The $ILP protocol allows players to pool cryptos, including $USDT, $ETH, or $BTC, into a fund that serves as the house for wins and losses.

InsanityBets focuses on a fair and transparent gaming experience with a decentralized profit-sharing model and community participation.

The reward and tokenomics system benefits early adopters and referrers, with staking options for sharing fees and real protocol revenue. 

As the platform aims to tap into the $231 billion gaming market, early buyers can get a huge upside potential. Interested buyers can enter the InsanityBets Telegram group and follow it on X (formerly Twitter) to get the latest updates.

Token symbol IBET
Total supply 5 Billion
Presale supply 2.55 Billion
Network Arbitrum
Purchase methods N/A

7. Dogecoin – Popular ‘Dog Token’ with $8 Billion Market Cap

One of the first shitcoins in the cryptocurrency space, Dogecoin, was launched in 2013 and has since become the best shitcoin to buy right now. The creators of Dogecoin named the cryptocurrency after the popular ‘Doge’ meme, which was circulating around the time.

To the surprise of the creators and the general public, Dogecoin’s native token, DOGE, ended up becoming one of the biggest and most prominent cryptocurrencies in the world. In fact, Elon Musk’s cryptic tweet about Dogecoin has caused the cryptocurrency to gain value, even amidst a wider downturn in the crypto market.

DOGE soared from the $0.0045 level in January 2021 to an all-time high (ATH) of $0.73 in May of the same year. However, Dogecoin has proven to be a volatile cryptocurrency to trade. 

Due to the lack of use cases this shitcoin offers, it has dropped in value throughout the years. Currently, Dogecoin is priced at $0.15 per token with a market cap of over $22 billion.

8. ApeCoin – Shitcoin launched by the Bored Ape Yacht Club Team 

ApeCoin is the next big shitcoin created by the makers of Bored Ape Yacht Club (BAYC), the popular NFT collection with a market cap of more than $1.3 billion.  This token is at the center of the APE Foundation, which aims to give voting and decision-making power to community members. 

APE, the native token, is used to participate in the APE DAO (Decentralized Autonomous Organization). Members of the DAO can make decisions about fund allocations on the ecosystem, partnerships, and future plans. After launching in early 2022, APE managed to offer returns instantaneously. 

The crypto soared from the $8.50 level in March 2022 to an ATH of $23.65 by April of the same year. 

After increasing by more than 3x since its launch price, APE declined throughout 2022, ending the year at the $3.60 mark. At the moment of writing, APE is priced at $2.19 per token.

9. Shiba Inu – Trending Meme Coin with Strong Brand Presence

After the success of the popular meme coins, many dog coins started circulating the market. While most of the tokens did not attract much attention, Shiba Inu has grown as one of the new shitcoins in the cryptocurrency space. 

Launched in 2020, the Shiba Inu creators termed it the ‘Dogecoin Killer.’ In fact, SHIB, the native token, overtook Dogecoin’s market cap in October 2021. SHIB is the 10th largest cryptocurrency, with a market cap of over $18 billion. 

The platform has also been developing use cases for its ERC-20 token. In February 2024, Shiba Inu announced the launch of SHEboshis, new editions to their NFT family, which will have a hybrid nature bringing shared ownership and uniqueness.

Currently, this shitcoin price is 90% below its ATH, trading at just $0.00003136 per token. However, Shiba Inu has built up a strong social media following, with more than 3.8 million X followers and nearly 500k people using the SHIBArmy subreddit. 

10. Floki Inu – Shitcoin that is Trading 300% Up in 2024

After launching in June 2021, Floki Inu (FLOKI) has found itself on the shitcoin list as one of the most wanted tokens. The token was named after Elon Musk’s new pet Shiba Inu, which goes by the same name. In 2023, the token started trading upwards after Elon Musk posted a picture of his Floki Dog.

Despite this cryptocurrency’s meme status, FLOKI is at the center of multiple ecosystem projects. Firstly, Floki Inu is developing Valhalla, its own NFT gaming metaverse ecosystem.

The Floki whitepaper also mentions that the token will be an integral part of Floki University – an educational ecosystem through which members can learn about cryptocurrencies. 

Since the end of 2023, this cryptocurrency has soared from $0.00003514 to $0.000133, equating to a 270-plus% price jump. FLOKI has a market cap of more than $1 billion.

Are Shitcoins Safe?

The term ‘shitcoin’ literally refers to coins that are generally considered risky investments. Unfortunately, crypto scammers are becoming increasingly sophisticated and can rip off billions of dollars through digital pump-and-dump schemes.

Individuals can artificially inflate the coin’s price and then sell off their holdings at a profit, leaving unsuspecting investors with worthless tokens. Thus, buyers need to look at the team behind the project to avoid falling prey to such coins.

Another risk of shitcoins is the potential for security breaches and hacking attacks. As these coins are often created by unknown developers and traded on unregulated exchanges, there is a higher risk of vulnerabilities in their code, making them easy targets for hackers. It is best for users to go for highly-rated cold wallets in order to avoid hacking attacks.

Furthermore, unlike established cryptocurrencies, a lot of shitcoins have no real-world use cases, making their value solely reliant on hype and speculation. This means their value can quickly plummet, leaving investors with significant losses. As a result, it’s important to look for coins with real-world utility and a solid roadmap.

Should you Invest in Shitcoins? 

Now that you have gone through our reviews of the best shitcoins, it is vital to understand whether this space may be a good investment opportunity for you.

But how do you know which crypto will become the next Shiba Inu? We explain some of the reasons why you should and shouldn’t invest in shitcoins:

  • Short-term returns: Some of the trending shitcoins have offered huge returns in the span of a couple of months – FLOKI, for instance, has been up by nearly 300% since the start of 2024. Thus, diversifying your portfolio and adding a small section of shitcoins can be a good way to enter the cryptocurrency market. 
  • High-risk and speculative investments: While shitcoins have offered high returns, it is essential to note that they are a volatile and high-risk asset to trade. Shitcoins have been termed as such due to the lack of value and utility they offer. Thus, they are traded mostly based on their current popularity and brand value.

The Verdict

While the term “shitcoins” may have a negative association, some of them will offer high returns and growth. Investors looking for the best shitcoins should always conduct their own research and understand the potential pitfalls due to their lack of value and utility.

We have picked Sponge V2 as the top shitcoin to invest in 2024. This new token aims to repeat the success of other meme coinz, while offering rewarding staking APY.

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Michael Graw
Editor

Michael Graw is an experienced writer in the business and B2B tech fields. His articles can be found on Business Insider, Entrepreneur, Tom’s Guide, and TechRadar, and cover everything from corporate finance to crypto and international tech regulation. A prolific copywriter and entrepreneur, Michael has worked with a wide range of SaaS and tech companies and has his finger firmly on the pulse of B2B tech and finance.