I think we should stop calling them "Shitcoins" and recognize their real value and potential.
Just like any stock on the stock market - a company can turn a stock around and increase it's monetary value; the same can be said about altcoins.
Lets just call them "PennyCoins" instead.
Nay, shitcoins is an apt moniker. Are they like penny stocks? Yeah, I'd say so. A vast majority of penny stocks are shell companies with no earnings and no requirement to do financial reporting. Unscrupulous people pump and dump them to the detriment of people who got duped. Sound familiar? That's more or less what most shitcoins are. Pump & dump scams.