As an investor, i did a lots of invest in altcoins. Those were suppose to be good that time with having good hype, good team and community. But with having all of thats, most of altcoins scam after a time! I wonder for some altcoins, they were suppose not to be go but they scammed without any reason! And hundreds of altcoins are in my wallet, which are turn into dead shitcoin now.
Identifying "shitcoins" can be challenging due to the vast number of cryptocurrencies and the ever-evolving nature of the market. However, there are several strategies and criteria you can use to help you distinguish between legitimate projects and those that may be considered "shitcoins." Keep in mind that no method is foolproof, and there are always risks associated with investing in cryptocurrencies. maybe Here are some tips to help you to identify shitcoin, first Investigate the project's whitepaper or website to understand its goals and use case. If it lacks a clear purpose or real-world utility, it may be a sign of a shitcoin and last, do Research the project's team members and developers. A reputable project should have a transparent and experienced team. If the team is anonymous or inexperienced, be cautious.