Introduction:
As The Best Shitco we know, the crypto sphere is adept at schoolboy expressions, vaguely pejorative, to describe emerging cryptocurrencies. If originally the term “shitcoin” referred to a project that had to be put in the trash, today it is a little different. In turn, it can solely on hype, like Dogecoin (DOGE). Focus on the best of them.
ApeCoin (APE): no monkey money!The Best Shitco
If the APE is considered by some to be a shitcoin, it is because it is based on the speculative madness created by NFTs (nonfungible tokens ), these unique digital objects. In this case, it is the Bored Ape Yacht Club (BAYC) collection, launched in April 2021 by Yuga Labs: 10,000 monkey-headed NFTs, procedurally drawn by an algorithm.
The collection had the chance to obtain APE tokens via an airdrop.
In addition to a currency role for buying and selling NFTs, the APE also has a governance role. Holding it gives the right to vote to the ApeCoin DAO, the decentralized organization to which Yuga Labs has left the management of the ecosystem.
It is therefore interesting to invest in ApeCoin because the Yuga Labs collections have a bright future ahead of them. In the wake of BAYC, the Mutant Ape Yacht Club (MAYC) collections and even a metaverse called Otherside have emerged. Yuga Labs has even acquired existing collections: CryptoPunks, and Meebits.
Advantages:
- Upside potential directly linked to the success of Yuga Labs collections (BAYC, MAYC, CryptoPunks)
- Already listed on several reference platforms (Binance, Coinbase, KuCoin, Huobi)
- The blockchain-verified and secure token
- Clear tokenomics: 1 billion APE in circulation, no burn, no emission
Dogelon Mars (ELON): the crypto of anti-scammers Best Shitco
If the Dogelon Mars is considered a shitcoin, it is because here again, the themes of the Shiba inu dog (a Japanese breed erected as an emblem of the crypto sphere since 2010) and Elon Musk are concerned. Anonymous developers, no white paper, no real use: launched in April 2021, the ERC-20 ELON token is a trap.
Well almost. There are, however, a few unique things that the developers of the Dogelon Mars have done. They aimed to create a “fair currency”, so they did not organize any pre-sales and did not keep any tokens for themselves.
They even sent 50% of the available quadrillion tokens to Vitalik Buterin (father of Ethereum) and sent the remaining 50% to a liquidity pool on Uniswap – then burned the liquidity tokens (in plain English: neither they nor anyone else will be able to recover the deposited ELON!).
ELON is unlikely to be a rug-pull scam, with Dogelon Mars posing as a project that aims to “repair the damage done by crypto scammers”. Moreover, ELONs are systematically sent to victims of scams that appear on Reddit.
Advantages:
- Project with a strong community, based on anti-rug pull solidarity
- Ultra-reassuring tokenomics, totally decentralized
- Several ongoing projects including NFTs
Ankr (ANKR): the future of cloud computing in web 3.0The Best Shitco
When ANKR hit the Coinbase listing in March 2021, the cryptosphere went wild. It must (6% APY currently).
From nebulous project to shitcoin, the comments quickly took the plunge!
You should know that the Ankr project is not very visible because it serves as an architecture: it allows many DeFi protocols to work, by providing them with turnkey IT solutions (wallets, nodes, website, management algorithm, etc.). Aave, SushiSwap, and Zapper are Ankr customers.
If ANKR has significant upside potential, it is because the Ankr team wants to eventually offer a competing service to Google Cloud or Microsoft Azure but in a decentralized way. A potential that has not escaped Binance, which decided to invest in the project through its venture capital subsidiary Binance Labs. ANKR gained 52% on the day of the announcement…
Advantages:
- Leading project in its field of activity (decentralized cloud)
- Provides 18 different blockchains (Avalanche, Celo, Polygon, Ethereum)
- Backed by Institutional Players and Binance Labs
- Cryptocurrency already listed on reference platforms
Akita Inu (AKITA): cryptos and dogs, same fightThe Best Shitco
On paper, the Akita Inu (AKITA) looks a lot like the Dogelon Mars (ELON): no known founders, no real use. All that is known is that the token will serve as the basis for the AKITA community, which will conduct crypto experiments and fund various charitable causes, starting with canine associations.
Again, 50% of AKITA’s supply (100 trillion tokens) was sent to Vitalik Buterin, and the remaining 50% was sent to Uniswap. Again, the keys have been thrown away, and no one will be able to retrieve the locked AKITAs… So the developers have no more ownership rights to the project than any AKITA holder.
It may be interesting to look at the evolution of its valuation, which has reached 20 million dollars. We will follow with interest the “experiments” carried out by the decentralized organization AKITA DAO.
Advantages:
- Project with a community called AKITA
- Ultra-reassuring tokenomics, totally decentralized
- Several ongoing projects
1inch Network (1INCH): another cryptic currency “mixer” The Best Shitco
Like Aave and other decentralized finance (DeFi) protocols, the 1-inch protocol also has its governance token. Thus the 1INCH gives its holders a right to vote in the management of this protocol: launched on Christmas Day 2020, it was distributed to the first users of 1inch.
Inspired by Bruce Lee’s famous ‘ one-inch punch ‘, 1inch Network is the most formidable decentralized exchange (DEX) aggregator on the Ethereum blockchain. This means that it finds the most profitable option for you when you want to trade cryptocurrencies, by comparing the courses offered on DEXs such as Uniswap and Sushiswap.
The bullish potential of 1INCH will exist as long as the problem of “slippage” remains: to put it simply, a normal exchange works in pairs in pools of liquidity. If we have a pool with 10,000 USDT and 10 ETH, this pool will sell 1 ETH for a value of 1,000 USDT. But after 1 ETH sold, he will be left with 9 ETH and 11,000 USDC, resulting in 1 ETH = 1,222 USDT for the next customer – in moments!
Advantages:
- Reassuring tokenomics: 50% of 1INCH tokens are still to be unlocked
- Token linked to a real market problem
- 1inch is the #2 DEX aggregator in the market after OpenOcean
Dogecoin (DOGE): after 8 years, finally a very serious roadmap Best Shitco
If10 market capitalizations by the sheer force of its community. The virality of the project is such that DOGE has more followers on Reddit and Twitter than Ethereum and Bitcoin! Some of the celebrities who have helped fuel the hype around DOGE include Elon Musk, Gene Simmons, Snoop Dogg, and Mark Cuban.
We of schoolboy humor and acidic comments. It is also used when the Doger during the Sochi games, building wells in Kenya, etc.
Fortunately, there is something new. Aware that the hype around the project will not last forever, the DOGE developers have for the first time given themselves a very serious roadmap. Broadly, this provides for the transition to proof of stake and a toolkit called “lib dogecoin” which will allow developers to create applications on the Dogecoin network. Enough to propel Dogecoin to the moon?
Advantages:
- Huge and ultra-responsive community from the start
- Available on all CEX, DEX, and trading platforms
- New roadmap accompanied by several key players
- New Board of Directors (including a personal representative of Elon Musk!)
Copium Token, a quirky meme coin with great potential Best Shitco
The Copium token is the second project on our list and for good reason. It is on May 18, 2023, generating excitement on social networks.
Copium Club is a trading platform that aims to create a revolution in the meme token industry. On its humorous and community platform, the idea is to create a space for its members to invest in memes and exchange them. Emphasis is placed on the security of transactions, which is a key criterion in the legitimacy and success of a project of this type.
Currently, $COPIUM is in presale, being launched on Uniswap DEX. However, this presale phase is only accessible as a guest of the Copium Club. Becoming or talking about it on your social networks. COPIUM will also raffle out Airdrops and NFTs over time.
Thus, the Copium token has all the aspects of a unique, reliable, and offbeat project, making it a project to watch very closely.
DeeLance is the first platform to revolutionize online recruitment Best Shitco
DeeLance is the first decentralized platform revolutionizing the way freelancers connect with potential employers in Metaverse, launching its 6-step presale on March 30, 2023, aiming to hit its cap of $6 million in 3 months
What sets DeeLance apart is the Metaverse, NFT Marketplace, Recruitment, and Freelance Work Platform creating the ultimate ecosystem for users. At the heart of DeeLance ‘s revolutionary approach is the tokenization of freelance work products into NFTs, enabling the secure and reliable transfer of work ownership to recruiters.
This is divided into 7 pools. 30% of the tokens have been allocated for presale (there is no vesting on it). While 10% is tokens will be kept for the CEX listing. Presale tokens will be unlocked during the token generation event. 36 months and will be released gradually. The token has 0% transaction tax.
DeeLance is backed by a global team of Web3 and Metaverse experts who collaborate to create smart solutions for the blockchain ecosystem. The team consists of 40 members, including influencers, moderators, and a marketing and development team, who bring diverse perspectives and experiences to the table. This enables DeeLance to create innovative solutions in the freelance world using blockchain technology, the Metaverse, and an NFT subscription model to transform the employment process.
Currently, $DLANCE tokens are only available as a pre-sale via the official DeeLance website. The tokens will then be available for purchase via CEX and DEX during the exchange listing scheduled for Q3 2023.
Ecoterra, the first Recycle-to-Earn appThe Best Shitco
Ecoterra (ECOTERRA) is a new project that initiates the Recycle-to-Earn (R2E) movement. The idea is to create a recycling ecosystem where users bring back their empty bottles and containers after use. They place them in terminals and pocket tokens for their action. The containers are then sold to recycling companies. Or to companies looking for recycled raw materials.
Thanks to the Ecoterra app, you can now combine your recycling efforts with cryptocurrency rewards. Simply scan the barcode of a recyclable object such as a plastic bottle or an aluminum can. Then, to wait for instant correspondence with the Ecoterra database.
The application then indicates the nearest recycling station (RVM machine). You can drop off your containers there and get a printed receipt. By taking a photo of the receipt via the app, you will receive $ECOTERRA tokens or $USDT to your Ethereum address. It’s a simple and effective way to contribute to the environment.
Once recycling and industry players. Indeed, the company is developing a recycling marketplace. This allows companies to request new supplies of recycled materials. Additionally, recyclers will meet these demands with materials that meet the specified criteria.
Thus, materials collected through the Recycle-to-Earn app will be resold. They will and the circular economy. This will certainly appeal to textile brands. They are trying to reduce their consumption of virgin materials, which are often costly in environmental terms. The $ECOTERRA is denominated in $ECOTERRA tokens.
CHIMPZEE: Save animals, fight climate change, and earn rewards Best Shitco
CHIMPZEE is an innovative crypto project. Its goal? It is quite special, it aims to empower individuals to become agents of change in the crypto revolution while having a positive impact on the environment.
CHIMPZEE differentiates itself by combining financial opportunities and environmental sustainability. By investing in CHIMPZEE, individuals have the opportunity to earn passive income while contributing to wildlife conservation and the fight against climate change.
CHIMPZEE operates based on a strong three-pillar ecosystem. The Chimpzee store allows users to earn CHMPZ coins. How? By purchasing goods. There is also the Chimpzee NFT marketplace, which offers a trading platform for environmentally conscious NFTs. The Chimpzee Zero Tolerance Game, meanwhile, offers an engaging gaming experience that inspires young gamers to join the climate action.
Engaging with CHIMPZEE offers various rewards and benefits. Users can earn CHMPZ coins on different platforms and use them to buy goods or NFTs. NFT Chimpzee Passport holders enjoy exclusive privileges including:
- a greater share of the profits from exchange fees
- discounts in the Chimpzee shop
- increased in-game rewards
CHIMPZEE’s mission is supported by concrete actions. The project has already made significant contributions, such as donating $15,000 to the WILD Foundation to protect endangered elephants.
As CHIMPZEE achieves important milestones, it plans to expand its involvement in wildlife initiatives and community outreach programs.
Conclusion
Remember The Best Shitco: also doomed to end up in the trash. And yet, thirteen years have passed and institutions such as Goldman Sachs and BlackRock have BTC in their portfolios. So do not confuse a project described as a “shitcoin” and a scam.
Many altcoins, considered shitcoins, have entered the top 20 market valuations, such as Dogecoin (DOGE) and Shiba Inu (SHIB). Emerging projects like WSM, Ecoterra, or Launchpad XYZ can have such an interesting trajectory.
Conversely, some projects praised in their infancy have become shitcoins, has-beens. This is the case of Ripple (XRP), a crypto that is no longer advancing, no longer offering any technological advances, and which only exists thanks to a hard core of fans.