Although good value, but no liquidity, this is a shitcoin. Because when a small amount of coins is sold off, the value will plummet. I think this only happens to small exchanges, and it's a terrible project.
What if the team of the project with low volume have been doing their best in project development but they lack good marketing strategy, do you still term it a "shitcoin" ? For instance there is one token "HBRS" I thought will do well in the long run, since the team was real, but they failed to the core with marketing approach, hence the token has terrible daily trading volume. Well, if trading volume stays very low for a long time, it's as good as a dead coin or coin that failed to list on exchange.