Too Long; Didn't Read
Shitcoins are cryptocurrencies that have little or no value and are basically of no use and they do not serve any purpose. In some circumstances, shitcoins suddenly become popular and pump & dump well, yielding very high profits for cryptocurrency traders and investors. The idea behind creating shitcoins is to create a coin that is very cheap and promises a lot of returns, whilst aggressively promoting that particular coin. Then, due to lack of execution on early promises, and lack of vision for the project, the price of the token will normally tank until it is almost worthless.