I keep hearing people call a coin "shitcoin". I have seen some arguments regarding some coins being called a shitcoin but yet the same coin ends up being impressive in its growth in the market. I thought a shitcoin should be a coin with no potential or use. Can someone clarify for me on the term " shitcoin", it will be helpful for investment knowledge. Thanks
No development, no product (It have been developed in some periods but no result at all). Sometimes there was a project that over hyped, over rated and overvalued and it can be called as shitcoin too.
It has no product and those people are giving a high price for each of its token.