The purpose of the token was actually created, which makes the quality of the token visible. If there is no good cause in the future and relies only on Fomo, then it will be like Shitcoin, which is only used for pump and dump.
if you say that as shitcoin then a lot of altcoin can become shitcoin because of the influence of dumps and pumps that are very fast and can be manipulated easily.
You can only call a coin a shitcoin when it is not even making any impact or does not have any significant value in crypto economy. Pump and Dump scheme as been there for any kinds of coins it still depends on investors or traders when they would make a market manipulations or something to make any movements in a certain altcoins.