What actually defines a shit coin? The continuous price decrease after listing on an exchange with actual working products in real life or a stable price and a minimal increase in price but lacking real life working products?
There is no coin, which can actually be concluded as shitcoin to be very much honest.
It's the people who gives the coin this name, due to the movement of the price of the coin.
Moreover if you want to know why they call it so? Then you need to do a lot of research.
Moreover the only definition you need to know is that, It's a coin which has less market cap and the coin whose price is too down.