10 Best Shitcoins to Invest in 2023 – New Shitcoin Projects

The term ‘Shitcoin’ is popularly used to describe trending and popular cryptocurrency tokens that offer huge growth potential, regardless of their utility. Our guide will list a range of the best shitcoins to invest in 2023 wise and review their price history. 

This article also explains the factors to consider when deciding to invest in shitcoins, along with analysis of some top presale projects that could offer exponential growth in the coming months.

In-Depth Look at the Top Shitcoins

We will take a look at some of the best shitcoins right now by reviewing their use cases, price movement, and potential for growth. 

1. Wall Street Memes – Overall Best Shitcoin to Buy Right Now

The spirit of buying undervalued assets that then explode and outperform expectations is what sparked the infamous GameStop and AMC bull runs of 2021, and is now inspiring crypto shitcoins in 2023.

Wall Street Memes (WSM) is a brand new meme coin presale aiming to tap into that community, and already backed by a 1 million strong following thanks to its Ethereum NFT collection, Wall St Bulls on OpenSea.

50% of this promising shitcoin’s two billion supply is available to buy on presale now, and 100% will ultimately be able to be traded by the Wall Street Memes community or earned as rewards. That avoids the issue of large amounts of team tokens being dumped on the market, that has affected some shitcoins in the past.

The May 2023 announcement of the $WSM token presale going live saw over $250,000 raised in hours and it capturing the attention of crypto influencers. It features on the best shitcoins list uploaded by Jacob Bury in the video below.

Join the Wall Street Memes socials including its Discord and Telegram communities to stay up to date on this viral shitcoin’s progress as it aims to hit its hard cap of $30,577,000.

Discord members will also be eligible for a $50,000 $WSM airdrop, split between five winners.

Bear in mind that meme shitcoin are high risk, high reward investments and often don’t follow traditional technical analysis – a highly inefficient market, they can trend very strongly in both directions.

2. Copium – Newly Launched Shitcoin with $40 Million Volume in First 24 Hours

Copium is a new shitcoin that has risen instantly to the top of this because of the huge hype around it.

The project, which was launched straight-to-DEX on Uniswap on May 18, has secured more than $40 million in trading volume in less than 24 hours as the crypto community flocked to take up a position.

Following a hugely hyped presale and upcoming NFT drop, the project attracted some huge names and whales in the space – however, it still has a small market cap of less than $10 million, offering plenty of room for growth.

The likes of FaZe Banks, founder of the YouTube gaming collective FaZe Clan, told his three million Instagram followers that he had bought into the project and having sold off his initial stake, was letting his remaining tokens ride to ‘a 10x’.

Investors were impressed by the fair launch – which saw only 10% of presale tokens released initially – and the robust tokenomics.

There are only 1 billion tokens and the developing team have reserved a meme-worth 0.69% for themselves, ending any talk of a rugpull.

30% was allocated to the presale, which was invite-only, but those investors will have the remaining 90% of their tokens unlocked linearly over the next three weeks.

The name cames from the popular crypto term copium – a portmanteua of coping and opium – and is designed to appeal to those who missed out on other pumping meme coins such as Pepe, Sponge and Generational Wealth.

Join the Copium Telegram channel to stay updated with the latest news from the project.

3. RobotEra – Emerging Metaverse Shitcoin to Buy Now

A trending metaverse cryptocurrency project, RobotEra has been featured on some of the biggest cryptocurrency news sites, including The Economic Times, Yahoo, and Benzinga.

The popularity can be credited to RobotEra’s ambitious plans for building a metaverse similar to top projects such as Decentraland and The Sandbox.

With TARO, the native token, players can purchase in-game NFTs, build land, and earn rewards.  The RobotEra whitepaper states that players can enter the ‘Taro Planet’ – which is the metaverse world of this cryptocurrency ecosystem. 

To enter, users must purchase ‘Robots,’ which are NFT avatars that exist on seven continents within the Taro Planet. However, there are only 10,000 Robot NFTs available to purchase. 

In the RobotEra metaverse, players can purchase Land NFTs to start earning rewards. One can build anything on the land they own, and even start renting out their property. Your Robots can also create Robot Companions, which help assist your avatars with tasks within the Taro Planet. 

TARO is also used as a governance token since it can be staked to gain voting rights within the ecosystem. Each of the seven Robot factions exist on their own continent, and have their own governance methods. By staking tokens, each faction can vote for a manager to look after their community.

Those interested in this exciting metaverse project can purchase TARO through the ongoing presale, which has now raised more than $1.2 million and appears set to be one of the next cryptos to explode, with the price set to rise a further 160% just through the remaining presale stages.

The RobotEra Contract code is fully audited by SharkTeam, and the project has been KYC verified by CoinSniper. Learn more about the project by joining the RobotEra Telegram group. 

4. Sponge – Best New Meme Shitcoin Trending on CoinMarketCap

A new meme coin has taken the cryptocurrency world by storm in May 2023 – Sponge token ($SPONGE). Investors who missed out on previous meme tokens such as $PEPE and $TURBO are now closely monitoring $SPONGE, hoping to earn similar profits.

While it is currently unclear what utility the coin has or what future plans are – giving it the appearance of a shitcoin – $SPONGE has already gained the support of alpha callers in the crypto space and quickly become one of the top trending coins in the whole space.

The ease with which new shitcoins can be launched using artificial intelligence is another factor, demonstrated by the creation of Turbo Toad Token ($TURBO) with minimal human intervention.

Although the Sponge roadmap isn’t public, investors can potentially earn massive profits by buying this ‘shitcoin’. The liquidity for $SPONGE has been locked with Team Finance, an encouraging move most shitcoins don’t take.

Investors interested in trading $SPONGE can do so directly on the project’s website using the Uniswap widget available there – it is also now available on eight major centralized exchanges with more in the pipeline.

While the cryptocurrency market can be highly volatile, the project is still up almost 10x from launch and appears set for another breakout in the coming weeks.

Investors can become Sponge community members by visiting the Telegram channel.

5. Love Hate Inu – Vote to Earn Crypto and Newest OKX Listing 2023

Love Hate Inu is another of the best shitcoins we recommend investing in today. Inspired by the triumphs of cryptocurrencies like DOGE and SHIB, it offers a unique twist that is attracting investors worldwide.

Love Hate Inu is a new cryptocurrency that provides an easy-to-grasp Ethereum-based platform for engaging polls on polarizing subjects.

Users can vote on topics like ‘What do people think of Andrew Tate?’ or ‘Do people like Donald Trump?’ and many more. Participants use $LHINU tokens to express their ‘Love’ or ‘Hate’ for any subject.

The project reached its $10 million hard cap in just eight weeks and is now listed on OKX exchange.

Vote-to-Earn

According to the Love Hate Inu whitepaper, users must stake $LHINU, the platform’s native ERC-20 token, to participate in polls. This method blocks automated bot accounts and ensures authentic community representation. The main attraction is earning more $LHINU tokens through staking and voting.

The more LHINU tokens a user holds, the more voting power they possess. The’ Vote-to-Earn’ feature offers nearly limitless income potential, with the development team and community members constantly generating new polls.

The Love Hate Inu development team has exciting plans for the project’s future, such as listings on the Commodity and Derivatives Exchanges, licensing deals with major corporations, and integrating LHINU into prominent metaverse environments.

The project has created a total of 100 billion tokens. Of these, 90% will be distributed to buyers, ensuring that the community holds most of the tokens. 

The remaining 10% will be reserved for essential activities such as cryptocurrency exchange listings and community rewards. This strategy aims to incentivize community participation and maintain long-term liquidity while preventing fraudulent activities like rug pulls. 

If you want to stay informed about the project’s progress, consider joining the Love Hate Inu Telegram group.

6. Pikamoon – A Good Shitcoin to Invest in and Engage in a Fun Exploration and Combat Game to Earn Additional Tokens

Pikamoon is a new blockchain-based platform with play-to-earn functionality. Launched in April 2023, the project has already raised more than $1.4 million. Its native token, $PIKA, is currently in its second presale stage, and you can get it for $0.0004. Its price will rise to $0.0006 when it reaches the third presale stage prior to its listing.

Its enormous growth potential makes Pikamoon one of the best shitcoins to invest in. The project has a limited token supply of 50 billion, which can boost its price over time. What’s more, the platform will source its liquidity from 65% of the tokens spent in the marketplace, ensuring the stability of the pool.

Aside from being a good investment, Pikamoon is also fun. It is essentially an exploration game taking place in the fictional land of Dreva. According to the whitepaper, the holders of the platform’s token, $PIKA, get access to a free NFT, which serves as a game character players can use to explore the Pikaverse and engage in battles.

By completing in-game milestones and battling other players, holders can grab additional tokens. They can then use them to boost their NFTs in the marketplace, trade them for other tokens, or sell them on an exchange. They can also build their army by imprisoning other NFTs during a battle in the Pikaverse.

You can learn more about the project’s unique features if you follow its official Telegram channel.

7. Dogecoin – Popular ‘Dog Token’ with $11 Billion Market Cap

One of the first shitcoins in the cryptocurrency space, Dogecoin, was launched in 2013 and has since become one of the best shitcoins 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 cryptocurrencies in the world. While the token offered little growth in its initial few years, the price of DOGE shot up in 2021.

The shitcoin shares a fair bit of correlation with Elon Musks’ views. 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. This equates to a staggering price jump of 16,122%. The token also became very popular on social media after Elon Musk, the Tesla CEO, tweeted in favor of this project. 

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.

This shitcoins price declined by nearly 60% throughout 2022. Currently, Dogecoin is priced at $0.073 per token, 90% below its ATH. However, DOGE is still the 9th largest digital asset, with a market cap of over $10 billion.

Your capital is at risk. Crypto asset investments are highly volatile and speculative.

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

ApeCoin is a cryptocurrency created by the makers of Bored Ape Yacht Club (BAYC), the popular NFT collection with a market cap of more than $1.2 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 $26 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.

As of May 2023, APE is priced at $3.40 per token.

Your capital is at risk. Crypto asset investments are highly volatile and speculative.

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

After the success of the popular meme coin, DOGE, 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 biggest 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 15th largest cryptocurrency, with a market cap of over $5 billion. 

The platform has also been developing use cases for its ERC-20 token. In 2022, Shiba Inu announced the Shibaverse, which will function as the cryptocurrency’s own metaverse. Another project that Shiba Inu announced is the Oshiverse, a play-to-earn video game currently being developed. 

Shiba Inu burst onto the scene in 2021 after it skyrocketed by 111,399,000%, reaching an all-time high of $0.000086 in October 2021. Currently, this shitcoin price is 90% below its ATH, trading at just $0.000008 per token. However, Shiba Inu has built up a strong social media following, with more than 3.6 million Twitter followers and nearly 500k people using the SHIBArmy subreddit. 

Your capital is at risk. Crypto asset investments are highly volatile and speculative.

10. Floki Inu – Shitcoin that is Trading 300% Up in 2023

After launching in June 2021, Floki Inu (FLOKI) has become one of the biggest shitcoins in the digital assets space. The token was named after Elon Musk’s new pet Shiba Inu, which goes by the same name. 

Despite the meme status of this cryptocurrency, 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 the Floki University – an educational ecosystem through which members can learn about cryptocurrencies. 

However, the cryptocurrency typically attracts movement due to viral social media posts. In 2023, the token started trading upwards after Elon Musk posted a picture of his Floki Dog.

Since the start of 2023, this cryptocurrency has soared from $0.000008 to $0.00003, equating to a 300-plus% price jump.FLOKI has a market cap of more than $460 million.

Binance listed Floki Inu at the start of May.

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

Shitcoins: Explained

Shitcoins generally refer to cryptocurrency projects not known for offering high utility and use cases.

Similar to meme tokens, shitcoins are popular cryptocurrencies that have witnessed explosive growth due to a variety of reasons. 

• For instance, shitcoins like Dogecoin and Shiba Inu are two of the market’s biggest ‘dog coins.’ These tokens experienced staggering growth in 2021 when the cryptocurrency space was very bullish. 
• With projects like Shiba Inu, the creators never intended for this cryptocurrency to have any real purpose. But, after the token became one of the largest cryptocurrencies, the creators have begun to incorporate some use cases. 
• Other projects, such as Floki Inu, experience growth due to their online popularity. Since the token itself is named after Elon Musk’s dog, it often moves higher after Musk tweets about his pet. 
• Finally, many shitcoins derive value since they have a huge social media following. Dogecoin is one of the most followed cryptocurrencies, raking in a Twitter following of more than 3.6 million. 

Are Shitcoins Safe?

Shitcoins 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.

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 top shitcoins to buy, 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 

One of the reasons why investors trade shitcoins is due to short-term profits. Some of the best 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 2023.

Similarly, Dogecoin managed to jump by over 16,000% when it was bullish in 2021. 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.

Investors should only trade what they are willing to lose since this high-risk space is notorious for wiping out returns as fast as they deliver profits. 

The Verdict

We have reviewed a range of the best shitcoins to buy in 2023. While popular cryptos such as Dogecoin (DOGE) and Shiba Inu (SHIB) have offered staggering returns, new projects with small market caps and presales are some of the top cryptocurrencies to watch out for right now as they offer more room for growth.

Wall Street Memes (WSM) is our top shitcoin to buy right now, still being at the presale stage with future growth potential and tapping into the Wall Street Bets Reddit crypto community, alongside its own strong NFT following.

$WSM is currently on sale for a few cents at wallstmemes.com and showing a high level of early demand from shitcoin hunters.

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