How to Identify and Avoid 'Shitcoins' in the Cryptocurrency Market
Entrepreneur03 Jun 2021 | 14:30 pm
Glauber Contessoto, a 33-year-old man who invested his life savings into Dogecoin after Elon Musk tweeted about the cryptocurrency, is now worth $1,081,441.29. "Shitcoin" is the term given to cryptocurrency that’s useless and has no value. Many shitcoins are created to capitalize on people who are jumping on the crypto bandwagon.