It can be said to be a coin that has n’t really gotten any stage in the crypto request a pictorial illustration is the doge coin it's rendered veritably useless. It's said to be limited to no or little value or said to be a digital currency with no immediate perceptible use. 

The term shitcoin was used to describe other coins like litecoin and others before they got their stage in the crypto request. The shitcoin is presently worth, $0.000000234363
The shitcoin are incompletely and generally terrible investments because the rate of threat involved is veritably huge and veritably rare to offer prices. The crypto currency could be said to be bad investments. 

The shitcoins are combined and distributed by short time price increases followed by a unforeseen drop which is substantially caused by investors who want to subsidize on their short term earnings. The shitcoin are likely and said to be fluently linked because they all follow a methodical specific pattern. But surely there would be some interest on the coin as at when it was first launched, when the price maintains a relative position. 


![download (51).jpeg](https://files.peakd.com/file/peakd-hive/mandate/Ep7wZCuwpMU7NSAEaie1ezi8GzkhLEWJAw99qqjKKe9zJHbeFLerLBDBEtX1fCVhdtv.jpeg)

[Image Source](https://www.investopedia.com/terms/s/shitcoin.asp)

And also gradationally the price increases fleetly within a short varied period of time as investors begin to jump on board. And also followed by an optimum downfall caused by investors who leave their coins to get centrals on short their short term earnings.


## What's penny cryptocurrency?


As from the word penny it means a financial value that's small and would only be suitable to buy many or little particulars effects appertained to as penny perhaps coins beget their value are fairly lower than a bone.
While the word penny cryptocurrency can also be explained to be generally accepted digital currency that's being traded under the value of one bone, they're said to be fairly cheap coins worth many quantities of currencies.


There are different types of shitcoin which are


1. New cryprocurrencies they're the one recently released to the request and not yet generally known


2. Stagnant cryptocurrencies they're pennies that have been in request for long and the price dosent flunctuate at all

3. Crashing cryptocurrencies they're crypto that use to worth a lot but had a fall in price due to shift in the request price
 

## Advantages of shitcoins


1. They're said to be changeable in creating either large or low profit due to the investors impact

2. Unconceivable return on investment could also be earned from little investment deposited

3. They could increase within a short period of time or at a after Time of times range
 

## Disadvantages of shitcoins

1. It's veritably hard to get buyers for similar penny coin because the worth seems like loss

2. The rate of trading charges for the penny coin might also discourage the buyers

3. Trading penny coins demands an high position of threat for bearance.

Thank you for stopping by to read my article.

If you actually like what you see😃😄😉,watch📷📺📸 and read📖📋 I would equally be grateful for an upvote♥️⚡ a very cool comment under my comment box or a reblog 🌀😏 for everyone to see ... and perhaps maybe you would like to follow me for more of my Post to show on your own feeds. Don't miss any of my Post.🔝. Special thanks to all who put big smiles on my face with Auto Upvote for always being supportive to me 💞💯.