There are two types of people who are interested in learning what a shitcoin is. The first is someone who hears "shitcoin" all the time, such as "that's a shitcoin!" and "stop shilling your shitcoin" but has no idea what it means to be a shitcoin.

Short-term price bullish candles or short-term profit are quality of shitcoins, which are followed by nosedives induced by investors looking to profit from short-term profits. Setting a supply limit create scarcity since investors know that after a specific point, no more tokens will be generated. More tokens would apparently weaken the value of their holdings, much like a new stock issuance would. Because an altcoin's quantity is stable, its value should be determined by demand.

Image source

However, because most cryptocurrencies have limited practical applications, buying and selling real-world goods and services using cryptocurrencies is still uncommon, their valuations are purely speculative. As a result, a shitcoin is something that people declare to be precious just because it exists in crypto.

A cryptocurrency token or coin with little to no value or a digital currency with no immediate, visible use is referred to as a shitcoin or acryptocurrency with no utility or unique characteristics and a wonderful way to lose money. In other terms, a shitcoin is a cryptocurrency that will become completely worthless at some point in the future.

Because it was not established in good faith or its price was founded on speculation, shitcoins often lose value owing to waning investor interest. As a result, these currencies are regarded as poor investments.Dogecoin is the most well-known example. In 2013, Dogecoin was created as a 'fork' from Litecoin, or as a 'fun money.' It was designed as a meme coin with a focus on the Shiba Inu dog breed displayed on the logo.

Image source

Shitcoins are easy to notice since they have a compatible pattern. Although a coin may cause some interest when it first releases, its price remains quite stable. However, when more investors come to invest in it, the price rises enormously in a short period of time.

While interest in cryptocurrencies continues high, it is unlikely that the development and marketing of altcoins that may one day be labelled shitcoins will slow significantly. Cryptocurrency mining has piqued the curiosity of certain governments, particularly those in South Korea and China. Others, such as Japan, have promoted the usage of cryptocurrencies in the general market.

(2)

Do you think it is possible to profit from investing in Shitcoins?

Yes, We can make a huge profit from shitcoins if we do short-term trading on that coins.on the other hand, If we dont exit from it in short-term then definately we will lose our money in shitcoins. Because the supply of shitcoins is too high and these coins dose not have any usecase.Shitcoins have no intrinsic worth other than the fact that they exist. Immediately after their introduction, the buzz surrounding their invention attracts a slew of new investors. The price of these coins rises dramatically in a short period of time as a result of mass purchase.

Image source

When these investors cash out for short-term gains, their stock price plummets almost as swiftly as it rose. After all of the quick benefits have been realised, the price of shitcoins remains stable, with little volatility. This pump-and-dump strategy frequently leaves naive newcomers with a pile of worthless shitcoins.For instance, Dogecoin draws its value from the tweets of the wealthiest person on the planet, Elon Musk. beyond his backing and honestly shared opinions, the coin’s value would not be based on anything. Moreover, the CEO and founder of Tesla company that is very intrested in crypto has also announced that the company will accept payments in Dogecoin on a payment-trial basis. The price of dogecoin was jumps from 15 cents to 22 cents because of this tweet.

So, In the picture above we can clerly see that when elon mask tweeted about dogecoin that they will accept doge for Tesla company, its price shows us a great boom, thats mean shitcoins depends upon hype because they dose not have any usecases.So, investments in Shitcoins are profitable for short-term not for long-term.

(3)

List advantages and disadvantages of investing in Shitcoins.

Investing in Shitcoins has a number of advantages, including the chance of making huge gains in a short period of time.I try to explain them one by one.

Image source

🔵 Advantages

• Prices could skyrocket

The benefit of investing in Shitcoins is that their value can rapidly skyrocket.Due to the low price of Shitcoins, there is a tendency for circulation and holdings to be limited.As a result, when a well-known prominent individual and cryptocurrency investors speak out on social media, the price often surges dramatically.
There have been instances where the cost of Shitcoins such as barges and experience points have risen unexpectedly.As a result, investment in Shitcoins might result in significant price gains and large returns.

• You Can Hold large amount

Because Shitcoins are so cheap, you can store a lot of them.Bitcoin, for example, has a large market capitalization and a price of around $1 million per unit.
You can start owning with a modest sum of money, but you'll need a substantial sum to create a significant profit.However, because some Shitcoins may be traded for 1 coin or 0.0050 rupees, a huge number of coins can be held.

• You can buy multiple cryptocurrencies

Another benefit of Shitcoins is the ability to buy a wide range of cryptocurrencies.Some Shitcoins can be purchased for less than 1 rupee each, allowing you to own more than 50 different currencies if you reach 50,000 rupees.You can expect significant returns by selecting the suitable cryptocurrency because you can invest in a more diversified method.Holding multiple types raises the likelihood of a break, resulting in a well-balanced crypto portfolio.

🔵 DisAdvantages

There's a chance you'll make a lot of money with Shitcoins, and you might even be able to become a millionaire overnight, but there are some drawbacks.You may lessen the danger of investing in Shitcoins by verifying the drawbacks before trading, so be sure to do your homework before trading.

• Possibility of a large dump

Shitcoins have the advantage of rapidly increasing in value, but they also have the risk of rapidly decreasing in value.Because shitcoins were initially unpopular, there are few expectations for the future. As a result, there's a chance that Shitcoins will become worthless overnight.We propose that you grasp the factors of high risk and high return before investing in Shitcoins.

• Exchanges may delist that coin

Shitcoins also have the problem of potentially eliminating the handling of cryptocurrency exchanges.When dealing with cryptocurrencies that have minimal liquidity and are in low demand, it is difficult for users to trade and there is little value, according to the exchange.If the exchange is shut down, the coin's liquidity and value may plummet even more.Even if you can trade Shitcoins, they may be removed from the exchange, thus it's crucial to know if they're trustworthy coins.

• Possibility of fraud

Furthermore, Shitcoins have the ability to be defrauded.There are numerous forms of cryptocurrencies, including coins created only for the goal of defrauding money and coins with no true value.Around the year 2017, a cryptocurrency known as "Clover Coin" became popular in Japan, with the promise of increased value if purchased.However, the reality is that it is a classic MLM, and many people have been duped into believing that the coins are fake.If you invest in fake coins, you will lose the money you spent on them, which is a significant loss.When buying coins, it's crucial to gather information from the perspective of development and practicality.

The rapidly changing nature of the cryptocurrency market today, as well as the type of impact it will have on the future of business, elicit a lot of similar feelings. As individual investors, speculators, and other sorts of institutional investors shift their focus to the lucrative cryptocurrency markets, scammers and cheats turn their attention to them as well.So, there are a list many scams in crypto history.Binance smart chain is disrespectfully for scams so all my 3 projects releate to binance smart chain. So, I open The Bit Times Website.

🔵 Baby Doge BNB

Baby Dog BNB is the first coin on my list. It's a type of shitcoin that's been identified. On the 23rd of October 2022, it was released on the Binance Smart chain. Baby Doge BnB, the entire supply of this shitcoin was 100,000,000. This coin had a total circulating supply of 100,000,000. Due to several issues surrounding the project, the currency has been labelled as a scam.

Detalis:-

Token	Baby Doge BnB
BabyDogeBNB Liquidity	0$
BabyDogeBNB Price	0$
Market Cap	0$
Trading Volume 24h	0$
Volume / Market Cap	N/A
Transactions 24h	N/A
24h Low / 24h High	N/A
7d Low / 7d High	N/A
All-Time High	N/A
All-Time Low	N/A
Changes for 24h	0.0000%
Changes for 7d	0.00%

🔵 Baby Pande (Baby Panda)

Baby pande is the second shitcoin I'd like to tell you about (Baby panda). Baby Pande is a shitcoin that was released on January 4th, 2022. There is a total quantity of 100,000,000,000 coins and a circulating circulation of 100,000,000,000 coins. Binance smartchain was used to install it. Due to some problems and scams, the token was reported as a scam.

Details:-

Token	Baby Pande
BabyDogeBNB Liquidity	0$
BabyDogeBNB Price	0$
Market Cap	0$
Trading Volume 24h	0$
Volume / Market Cap	N/A
Transactions 24h	N/A
24h Low / 24h High	N/A
7d Low / 7d High	N/A
All-Time High	N/A
All-Time Low	N/A
Changes for 24h	0.0000%
Changes for 7d	0.00%

🔵 Squid game (SQUID)

Squid game token is the last shitcoin on my list. A new cryptocurrency based on the popular South Korean TV show 'Squid Game' has made remarkable progress in the market. Unfortunately, the coin turned out to be a massive hoax less than two weeks after its inception. According to sources, the unknown founders of the Squid Game coin quickly sold their entire shares on Sunday, causing the token's value to plummet to $0, a process known as "Rug Pull" in financial terms. Investors saw a peak of $2,861 and a 310,000 percent increase throughout the coin's existence (about 11 days).Its supply was 80,000,000 tokens.

Details:-

Token	Squid Game
SQUID Liquidity	1,495,410.432 $(-2.14%)
SQUID Price	0.048534725432 $
Market Cap	38,827,780.345 $
Trading Volume 24h	643,805.291 $
Volume / Market Cap	1.66%
Transactions 24h	1,876 (-3.25%)
24h Low / 24h High	N/A
7d Low / 7d High	N/A
All-Time High	N/A
All-Time Low	N/A
Changes for 24h	-4.52%
Changes for 7d	0.00%

So, these are three scams shitcoins.

(5)

Explain at least two examples of Shitcoin that have been successful and are currently keeping it. (Other than Dogecoin or Shibainu.)

There are many shitcoins that have been successfull. But In this question i will talk about two shitcoins that are Floki Inu and Safemoon Inu.

🔵 Floki Inu

In the crypto market, Floki Inu has become one of the most popular dog copycat coins. Elon Musk, the millionaire CEO of the electric car company Tesla, was the inspiration for it. The memecoin was established by an unnamed group of developers who were passionate Shiba Inu fans and members.

Image source

Both the Ethereum blockchain and the Binance Smart Chain (BSC) network are used in the project. It has goals that it plans to fulfil with the help of the "Floki Vikings," a large community. As we mentioned in our piece about the reasons for the Shiba Inu's dramatic rise, a strong community can be a valuable asset to a project's success.The rank of Floki Inu is 2867. If we talk about is price thats increase 514586 percent from its all time low.Its market cap is 2,058,745,761$.All these things about it is good so it is a successfull project.All detalis are shown in the screenshots below.

Token Name	Floki Inu
Market Rank	#2866
Market Cap	$2,049,542,153.72
All Time High	Nov 04, 2021 ($0.0003437)
All Time Low	Aug 09, 2021 ($0.00000002)
Total Supply	9,307,888,950,059 FLOKI
Max Supply	20,000,000,000,000 FLOKI

🔵 SafeMoon Inu

Safemoon inu is the second coin I choose.
SafeMoon Inu is the outcome of combining Doge and SafeMoon. The meme token with the ability to go beyond the moon. Enjoy the memes, stay for the laughs, and work together to explore the galaxy as a community. Holders receive 2% of every transaction in the Anti-PaperHand scheme.

Image source

This rewards folks who stay on board and incentivizes all hodlers. SMI PLAY is a new play-to-earn gaming platform that will give SMI token holders additional benefits. It has a market cap of $15,394,274 and a marktet rank 938. Another successful project has been completed.All detalis about that are given below in the screenshots.

Token Name	SafeMoon Inu
Market Rank	934
MCap	$15,509,069.13
All Time High	Nov 16, 2021 ($0.0002603)
All Time Low	Nov 16, 2021 (2 months ago) No data
Supply Circulating	1,000,000,000,000 SMI
Total Supply	1,000,000,000,000 SMI
Max Supply	1,000,000,000,000 SMI

I dose not know about the future of these two projects, but at present they are successfull.

(6)

Perform a historical analysis of the prices of any of the cryptocurrencies that you chose for the previous question. (Use screenshots.)

To perform a historical price analysis.I select Floki Inu coin The chart below depicts the Floki inu's all history. The bullish and bearish movement of the Floki inu token can be seen if we pay close attention.At the time of listing in August 2021, the token price was $0.00000003. After a period of time, the price began to move in a bullish direction As Elon Musk tweeted an image of a puppy on his Twitter account.

Another reason of its price pump is that , Augest was the time of meme token, in Augest every meme crypto was performs very well. All meme token made their new All time high except dogecoin. This thing attracting investors to pump money into it. In a short period of time, the coin reached an all-time high of $0.003437 on November 4th, 2021 as shown in the chart below.

This means that investors who put money into the business early on reaped a significant profit.Floki cryptocurrency started dumping after the reached a new all-time high in November.Because the big whales made a massive short-term profit and exited the market.

(7)

Based on your previous analysis, what do you think will be the development of the price of the cryptocurrency for this year? Be creative when explaining.

Hype plays an important role in the price of any crypto especially meme coins.If we talk about the price of Floki Inu this year its price depend upon hype. Because they are meme coins they dose not have any use cases and their supply in very high.A crypto which dose not have any usecases then how it can survive in crypto market.Floki price increses in one way if there develpors can develop their Floki project.If the Floki Inu develpors can build gaming projects and NFTs on Floki project then its price goes up otherwise In my point of view its price will also move in sideways direction in 2022 If Floki develpors did not develop their project.Remember One thing in mind hype can also play a good role in Floki Inu price .If a great celebrity like elon musk support Floki then maybe its price will goes up and make its New All time high.On the other hand if no one supports this project and developments did not take place in it. Then maybe this coin price will decreses more and more.So, this is my thoughts about Floki 2022 price.

🔵 Conclusion

To summarise, these are some of the most popular shitcoins that have experienced a jump in volume due to their rapid popularity. Many shitcoins are simple reproductions of well-known meme coins like Dogecoin, which is a frequent trend. These tokens typically gain traction after being pushed by social media trends or celebrity endorsements. In essence, shitcoins are bound to be volatile, and they have a tendency to behave similarly to meme coins. Investing in shitcoins might result in large profits or, on the other hand, large losses.At last I thank professor @nane15 for this knowledgable lecture. I learn a lot from this lecture it is all due to you dear professor @nane15.I hope you will continue to educate us with your knowledge.I am anxious waiting for your next assignment. God bless you!