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11 Best Shitcoins to Buy in 2024: The Full List

Blocksight Staff

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11 Best Shitcoins to Buy in 2024: The Full List

Last updated:

May 22, 2024 10:09 EDT
| 21 min read

To bring you an accurate list of the best shitcoins to buy in 2024, we monitored dozens tokens with hype, buzz, and speculative trading patterns. We also considered their novelty and uniqueness, community engagement, and momentum, as well as risk and reward profile. Our top shitcoins list includes tokens such as Dogeverse, WienerAI, Sealana, Pepe, Bonk, and Dogecoin, among others.

Best Shitcoins to Buy Right Now

  • First truly multi-chain Doge token, promising interoperability across major blockchains
  • Easy to buy and claim $DOGEVERSE tokens during presale phase
  • Could be the next Doge-inspired coin to explode in 2024

Project Launched

April 2024

Purchase Methods

  • ETH

    ETH

  • usdt

    usdt

  • Brand new South Park-inspired seal-themed SOL meme coin
  • Ideal coin to buy in presale ahead of the expected summer meme coin frenzy
  • Thought to be by the team that was also behind the viral SLERF coin

Project Launched

May 2024

Purchase Methods

  • Solana

    Solana

  • Infinitely upgradeable AI meme coin, with modular technological capabilities.
  • Huge staking rewards available everyday during presale.
  • Presale price rises every two days – buy now to benefit from best price before listing.

Project Launched

April 2024

Purchase Methods

  • ETH

    ETH

  • usdt

    usdt

  • Trending meme coin with P2E utility & staking rewards
  • Price up 10x in past month, rumors of Binance listing
  • 12k+ holders and growing

Project Launched

December 2023

  • Buy and hold $SMOG to generate and earn airdrop points
  • 35% of supply reserved for future airdrop rewards
  • Viral potential after pumping over 1000%

Project Launched

February 2024

Purchase Methods

  • usdt

    usdt

  • Solana

    Solana

  • Looking to disrupt the DOGE-dominated meme space, $KAI is a AI-based meme coin with 10x potential
  • As a PoS ERC20 token investors can buy and stake $KAI for massive rewards
  • Fully audited by Coinsult, the presale has raised over $170k already

Project Launched

May 2024

Purchase Methods

  • bnb

    bnb

  • ETH

    ETH

  • usdt

    usdt

  • Bank Card

    Bank Card

  • +1 more
  • New meme coin offering an immersive experience via high-stakes battles
  • Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% p/a
  • Token holders can cast votes on key project decisions and try their luck in the ‘Lucky Lasso Lotteries’

Project Launched

April 2024

Top Shitcoins List in 2024

The following shitcoins list gives a bird’s eye view of the most popular shitcoins in 2024, before we review them in more detail.

  1. Dogeverse – Multi-chain meme token, highly likely to explode amid the current shitcoin frenzy.
  2. Sealana – Hot new Solana-based meme coin that could go viral, has a straightforward presale process.
  3. WienerAI – Latest dog-themed AI meme coin offering lucrative staking rewards.
  4. Sponge V2 – New token version of the popular V1 crypto, which surged 100x last year.
  5. Smog – New shitcoin to buy that offers a 42% staking APY and huge airdrop rewards.
  6. KAI – Unique cat meme coin with an engaging story and high staking APY.
  7. Shiba Shootout – Leading meme crypto project focusing on community-building activities.
  8. Dogecoin – The original and the largest meme coin with mainstream recognition.
  9. Shiba Inu – Popular Dogecoin alternative with a huge supply, making it affordable.
  10. Pepe – Deflationary ERC-20 shitcoin, went viral following 2023 launch and rose by over 100% in the last month.
  11. Bonk – A web3 community shitcoin that gained nearly 22,000% in value since listing.

Reviewing the Best Shitcoins to Buy Right Now

Despite the lack of utility, shitcoins have proven over and over to be an effective marketing and investement strategy. However, it can be difficult to pick the right projects and know when to take profits. Marketing and hype play a big part in what makes them the best shitcoins to buy, as do celebrity endorsements.

Let’s take a closer look at the best shitcoins to buy and where you can get your hands on them.

1. Dogeverse — The Best Shitcoin to Buy in 2024

Dogeverse is capturing attention as one of the best shitcoins to buy in 2024 with its unique multichain approach. This innovative token, spanning across Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base, is not just another meme coin. Dogeverse stands out by offering real utility in its seamless integration across multiple major blockchains.

Dogeverse homepageCosmo is the hyper jumping star of the cross-chain Dogeverse

At the heart of Dogeverse is Cosmo the Doge, symbolizing the coin’s agility and interconnectedness in the crypto universe. This character-centric approach has enhanced its market appeal and fostered a strong, unified community.

With 200 billion tokens in total, Dogeverse strategically allocates its resources for ecosystem development, marketing, and staking rewards, promising a well-rounded and sustainable growth trajectory.

Dogeverse token supply allocationDogeverse tokenomics

Dogeverse’s ease of access is another notable feature. Investors can participate in the presale simply and efficiently, which has been a key factor in its rapid adoption. The project’s roadmap, including plans for exchange listings and continuous marketing, indicates a forward-thinking vision that could potentially drive its value further.

Dogeverse roadmap

Dogeverse’s multichain functionality, strong community backing, and strategic development plan make it a promising shitcoin for those looking to diversify their crypto portfolios with something novel yet robust.

Presale Start Date April 2024
Purchase Methods  ETH, USDT, BNB, AVAX, MATIC, BASE, SOL, Card
Chain Multichain
Starting Price $0.00029
Listing Price N/D
Raised So Far $15+ million

Visit Dogeverse

2. Sealana – New Solana-Based Shitcoin That Could Go Viral

Sealana is next on our list of the best shitcoins to buy. Inspired by a character from the TV show South Park, it uses American pop culture references and nostalgia to appeal to a wide audience.

The token’s main character is a patriotic seal who lives in his mom’s basement. This kind of funny and relatable humor can help Sealana go viral and help it stand out from other meme coins out there.

It’s worth noting that despite Solana’s recent market decline, many meme tokens (like dogwifhat) on its blockchain continue to find new ATHs. Sealana also shows strong resilience because of its unique theme and smart timing for its launch.

sealana presale

Its presale uses a unique approach where buyers can send SOL directly to Sealana’s wallet address. This method makes it easy to buy tokens and has been proven to work well in getting people interested early on. We saw this with similar successful launches like Slothana, raising $15+ million in presale.

This presale structure, including a fixed token price, ensures high investor transparency. Interested users can enter Sealana’s Telegram channel and follow it on X (previously Twitter) to get the latest updates.

Presale Started May 2024
Purchase Methods  SOL
Chain Solana
Starting Price $0.01932
Listing Price N/D
Raised So Far $1.2 million

Visit Sealana

3. WienerAI – Dog-Themed AI Shitcoin With Lucrative Staking Rewards

WienerAI has earned our recognition as one of the best shitcoins to invest in this year, thanks to its outstanding features. Combining the power of two of the fastest-growing and advanced technologies; AI and blockchain, the “goofy-looking weiner dog-robot” is focused on catalyzing the meme coin space into a singular force — The Sausage Army.

By leveraging Ethereum, WienerAI benefits from the chain’s wide reach and optimal security. In a bid to maintain its popularity in the industry, $WAI promises to always incorporate edge-cutting AI technological advancements.

$WAI

Meanwhile, $WAI is storming the market at a time when meme coins are enjoying significant attention in the industry. More so, its emphasis on building a strong and vibrant community makes it a good investment option for long and short-term traders

Like other shitcoins on this list, $WAI is tipped to enjoy a good market outing once it lands on tier-1 exchanges. Another major selling point for $WAI is its incredible staking offering, providing investors with a 486% APY on their staked tokens.

We consider this offer as a huge advantage for savvy investors. As such, we consider $WAI as a must-buy shitcoin this year.

Presale Started April 2024
Purchase Methods  ETH, USDT, BNB, MATIC, Card
Chain Ethereum
Starting Price $0.0003045
Listing Price N/D
Raised So Far $1.9 million

4. Sponge V2 – New Version of Sponge, Which Surged 100x Last Year

The new version of $SPONGE, Sponge V2, is popular meme cryptocurrency that soared throughout 2023. After launching in May 2023, this token rose 100x to a market cap of nearly $100 million.

Sponge

The project is named after the popular character ‘Spongebob Squarepants,’ but is not associated with the show in any way. This token enjoyed listings on popular tier-one exchanges such as MEXC and Gate.io.

Now, the Sponge V2 token is giving investors another chance to succeed in this popular project. Using the stake-to-bridge mechanism, Sponge V1 token holders can stake their holdings on the newly released V2 smart contract. By staking your V1 tokens, you will earn an equal amount of V2 tokens.

For the next 4 years, investors can also generate high APYs from the staking contract. Those who do not hold V1 tokens can directly purchase them from the Sponge website – and automatically stake their holdings.

Sponge

After the V2 token launches, you will be able to claim your holdings. According to the Sponge V2 whitepaper, token holders can also take part in a play-to-earn game. This upcoming platform will allow users to earn $SPONGE by climbing up a leaderboard in an online game.

Thus, this new use case can help increase the popularity of $SPONGEV2. The token has a total supply of 150 billion — more than half of which will be offered through staking and P2E game rewards.

For more information on this cryptocurrency, join the Sponge V2 Discord and Telegram channel.

Presale Started December 2023
Purchase Methods  ETH, BNB, MATIC, USDT, Card
Chain Ethereum
Starting Price $0.000025
Listing Price N/D
Raised So Far $19.3 million

Visit Sponge V2

5. Smog – New Shitcoin Offering a 42% Staking APY and Airdrop Rewards

Hot new meme coin Smog has attracted massive investor interest after an over 3,000% surge in just a week. Since its February 7, 2024 launch on Jupiter DEX, the token’s market cap increased from $2 million to over $60 million in a week. This growth positions Smog as a potential rival to coins like Bonk, Myro, and dogwifhat. Smog’s market cap later grew to more than $239 million and has since regressed to $43 million.

Smog Crypto Homepage

The token’s “Greatest SOL Airdrop” campaign is a key feature, giving out 490 million of the 1.4 billion supply to reward community engagement and on-chain activities. Additionally, Smog offers a 42% APY staking yield to encourage long-term holding.

Most importantly, Smog’s fair launch approach without a presale makes it a unique shitcoin, giving equal opportunity to all investors.  The platform allocates 50% of its supply for marketing and 35% for the airdrop to build a strong community and drive success.

Moreover, plans for cross-chain accessibility through an Ethereum bridge and future listings on centralized and decentralized exchanges are in place to ensure high user adoption.

Investors interested in Smog’s progress can join the Smog Telegram group and follow updates on X (Twitter) for the latest information.

Token Launch February 2024
Purchase Methods  ETH, USDT, Card
Chain Ethereum
Current Price $0.0517
Market Cap $43.9 million
Total Supply 1,399,999,968

Visit Smog

6. KAI -Unique Cat Meme Coin with an Engaging Story and High Staking APY

KAI is next on our list of best shitcoins to buy. This new meme coin has an engaging storyline that’s based on a cat. This cat is coming out of retirement to challenge the dominance of dog-based meme cryptos like Dogecoin and Shiba Inu.

The meme token is currently available in presale for early buyers to grab at a relatively low price. You can get each $KAI for just $0.0041836 at press time. It’s worth noting that this price will soon increase in the upcoming presale round and during exchange listings.

KAI token presale raised over $250K in just a few days of launch – showing strong investor support.

kai cat presale

In addition to paying a lower price during the presale, early supporters can capitalize on high APY to stake your $KAI tokens. This could be a great opportunity to earn passive income via $KAI tokens without actually buying them.

The platform also has a community-focused token distribution – where 15% of the total token supply is set aside for staking rewards and 25% of the supply is reserved for more community rewards.

Interested users can join the KAI telegram channel and follow it on X (Twitter) to stay updated on the latest news.

Presale Started May 2024
Purchase Methods  ETH, USDT, BNB, Card
Chain Ethereum
Min Investment None
Max Investment None

Visit KAI

7. Shiba Shootout – Leading Shitcoin Focusing on Community-Building and Utility

Shiba Shootout is considerably one of the best shitcoins to invest in now due to the tantalizing benefits it presents to early movers. Foremost, it is imperative to establish that the token is presently in its presale stage, and the price is expected to surge by the time it launches on tier-1 cryptocurrency exchanges.

However, Shiba Shootout is one of the best shitcoins to buy is due to the real utility offered by the project. Unlike other shitcoins, $SHIBASHOOT promises to offer useful features that will keep the conversation around the token active.

Shiba Shootout Presale Success

According to its whitepaper, the Shiba Shootout project comes with staking, a referral program, lottery program, token governance, and campfire sessions. Combining these initiatives will give $SHIBASHOOT an edge to thrive in the market and offer a good return for early movers.

More so, the token has a clear-cut roadmap that provides detailed insight into the plans of the project. Similarly, $SHIBASHOOT has a transparent tokenomics that explains the distribution of the shitcoin.

Presale Started April 2024
Purchase Methods  ETH, BNB, USDT, Card
Chain Ethereum
Starting Price $0.0187
Listing Price N/D
Raised So Far $330,000+

8. Dogecoin (DOGE) – Globally Recognized Shitcoin

One of the top shitcoins that has provided investors with huge returns is Dogecoin — the development of DOGE started out as a joke, but the coin’s massive price spike has made many investors take it seriously.

DOGE wasn’t on many investors’ radar until the 2021 crypto rally, when it provided more than 10,000% returns for investors who bought the coin at the beginning of 2021, thanks to Elon Musk’s continued social media endorsements. As a result, many crypto enthusiasts have been asking is it too late to buy Dogecoin today?

However, since its May 2021 all-time high of $0.738, Dogecoin has lost significant value, costing $0.168 today — despite that, many investors believe it remains one of the best meme coins to invest in.

Adoption has been one of the factors rallying the support of the DOGE community, with electric car maker Tesla accepting payments in Dogecoin. Other big corporations accepting the coin as payment are AMC Theatres, GameStop, Twitch, and Newegg.

One of the benefits of investing in Dogecoin over Bitcoin is that it’s more efficient. Dogecoin’s mining is faster and uses less energy.

Token Launch December 2013
Purchase Methods  MEXC and 88 other exchanges
Chain Dogecoin
Current Price $0.168
Market Cap $22.4 billion
Total Supply 144,328,326,384

9. Shiba Inu (SHIB) – Popular Shitcoin and Aspiring Dogecoin Alternative

Hot on the heels of Dogecoin’s hype as the ultimate meme coin is Shiba Inu. This meme project used an extremely effective marketing strategy to position itself as the next best thing to Dogecoin. Shiba Inu used social media and influencers — as well as its message as a ‘DOGE Killer’ — to get the word to the masses about its intention of replacing Dogecoin.

Many investors linked Shiba Inu’s logo of the dog to Dogecoin, believing that the two projects were intertwined. It was pure investor speculation that resulted in a SHIB price rally of more than 1,000% during October 2021. After the hype was over, Shiba Inu’s price crashed by more than 84%, but it has partially recovered and risen by more than 190% over the last year.

But is Shiba Inu a good investment in 2024? This project is trying to distance itself from its meme coin label and is striving to convince investors it offers utility by evolving into a vibrant ecosystem. Shiba Inu will have to work hard to convince the market of its value.

Token Launch August 2020
Purchase Methods  MEXC and 78 other exchanges
Chain Ethereum
Current Price $0.0000246
Market Cap $14.9 billion
Total Supply 589,520,023,734,666

10. Pepe – Deflationary ERC-20 Shitcoin, Surged 580% This Year

Pepe is a shitcoin on the Ethereum blockchain that has made significant gains since its launch in April 2023, when it listed for $0.00000002764 per token. The meme coin was inspired by the Pepe the Frog cartoon. It peaked at an all-time high of $0.000004354 on May 5, 2023, a few weeks after launching. This ATH has subsequently been topped on May 15, 2024 with the token reaching $0.00001156 in value.

Similar to other shitcoins on the list, Pepe’s price tanked throughout the majority of 2023, but has begun to rebound, and is up by over 580% this year. Pepe operates a deflationary model, which means a small amount of tokens are burned after every transaction.

Pepe site

This has been implemented to add scarcity to the meme coin and build up its long-term value. At present, it has a market capitalization of $4.3 billion. Demand for this ERC-20 meme coin has increased in 2024 as the crypto bull market has returned and as FOMO amongst degens increases.

Delve deeper into Pepe by keeping tabs on its community on X (formerly Twitter) and Telegram.

Token Launch April 2023
Purchase Methods  MEXC and 50 other exchanges
Chain Ethereum
Current Price $0.00001032
Market Cap $4.3 billion
Total Supply 420,689,899,999,995

11. Bonk – Booming Shitcoin, Surged by 5,700% in 12 Months

BONK has been one of the best shitcoins in the market and has risen by more than 5,700% during the last year alone. Following its launch on January 2021 at $0.000000109 per token, $BONK recorded an all-time high of $0.00003419 in December 2023, which was subsequently topped on March 4, 2024 when it reached $0.00004704.

Bonk site

Overall, this Solana meme coin has risen by more than 22,400% since its inception, making it one of the most profitable shitcoins of all time. With a market cap of 1.6 billion, it’s currently trading at $0.00002505.

To stay up to date with Bonk, follow its Telegram channel and X (formerly Twitter) account.

Token Launch January 2021
Purchase Methods  MEXC and 37 other exchanges
Chain Solana
Current Price $0.00002505
Market Cap $1.6 billion
Total Supply 93,082,000,358,975

What Defines a Shitcoin?

Most shitcoins don’t offer any utility, meaning they don’t solve a real-world problem and only exist to be speculated on and grow in value. They exist on the blockchain, and the term is often used as another name for a meme coin that gains traction because of hype — often manifested by celebrities.

Shitcoins usually tend to be low-cap cryptos and have a high circulating supply. Exceptions to this rule exist, and some coins are deflationary, meaning their supply decreases through token burns.

Is a Shitcoin Investment Valuable? 

Investors should determine if their investing goals align with a shitcoin’s offering. If it does, then a shitcoin investment might provide some value. The best we can do is mention several elements that are in a shitcoin’s favor.

Some shitcoins have proven to be extremely popular, such as Dogecoin and Shiba Inu in the past and Pepe amid the 2023 meme coin frenzy.

However, because of their lack of long-term value, they are susceptible to pump-and-dumps — where price rockets over a short period and then die away — and can struggle to return to their former highs.

Therefore, extra caution should be taken when investing in shitcoins, as well as deciding when to take profits.

Meme coins illustration

Community Support

A key reason that coins such as DOGE and SHIB had such massive rallies was massive community support and then mainstream recognition. The communities made a big fuss over their coins and purported them to be the next big thing, attracting other investors.

The hype around these coins ended up being a self-fulfilling prophecy since Dogecoin and Shiba Inu provided investors with massive returns. Major media outlets began to cover them, which led to yet more investment and speculation.

Celebrity Endorsements

Celebrities use the power of social media to advertise projects to their massive audiences, with some being financially incentivized to promote a project.

Elon Musk’s support of Dogecoin is a clear example, with numerous tweets in 2020 and 2021 helping to increase the price, alongside announcements that his companies would support DOGE as a currency. The build-up to his appearance on Saturday Night Live saw the price skyrocket before a rapid sale once he was on the show.

Elon Musk Hodling Dogecoin

After months of negative price action, news that Musk would purchase Twitter (now X), and speculation that he would add DOGE as a payment method on the social media platform, saw the price increase again. An April Fool’s Day gag in 2023, where Musk briefly changed the X logo to a shiba inu dog, sparked another price pump. And in March 2024, Dogecoin prices doubled amid rumors Musk would add crypto to X.

Other notable shitcoin celebrity endorsements include:

  • 2021: Snoop Dogg tweeted a parody of one of his album covers, renaming it “Snoop Doge” and featuring the doge image on his face.
  • 2021: The KISS singer, Gene Simmons, actively promoted Dogecoin, tweeting phrases like “HODL” and “to the moon.” He also revealed a six-figure investment in Dogecoin and other cryptocurrencies.
  • 2021-2022: Jason Derulo, Steve Harvey, and Mike Tyson endorsed Solana, which boosted its visibility and user base, helping related projects like Bonk thrive.

Shitcoins based on recent events or prominent figures have also exploded in popularity recently. Examples include several Henry Kissinger and OJ Simpson-themed coins following their deaths. These shitcoins generated millions in trading volume before collapsing.

Our Methodology: How We Ranked the Best Shitcoins

Shitcoins often appear on the market out of nowhere, so figuring out which ones are worth investing in can be difficult. The CryptoNews team developed the following methodology to assess new shitcoins, looking at five key aspects and giving each factor equal weighting.

Speculative Appeal (20%)

We considered the speculative appeal of each shitcoin, considering factors such as hype, buzz, and speculative trading patterns, as well as the level of excitement and speculation surrounding the coin within the community and broader market.

Novelty and Uniqueness (20%)

We looked for standout features, innovative concepts, or unconventional approaches. We considered whether the coin offered something truly distinct in a crowded cryptocurrency landscape.

Community Engagement (20%)

We evaluated the level of community engagement surrounding each shitcoin, taking into account factors such as active participation, passionate advocacy, and community-driven initiatives. This involved assessing the strength of the community’s support and involvement in the project.

Market Volatility and Momentum (20%)

Our assessment included an analysis of market volatility and momentum associated with each shitcoin. We looked at factors such as price volatility, trading volume, and sudden price movements to gauge market sentiment and momentum.

Risk and Reward Profile (20%)

We considered the risk and reward profile of each shitcoin, weighing factors such as potential upside, downside risks, and overall risk exposure. This involved assessing the coin’s potential for significant gains as well as the inherent risks associated with investing in a shitcoin.

How to Buy Shit Coins: A Step-By-Step Guide

If you want to start investing in shitcoins, here’s a step-by-step on how to get started.

Step 1: Choose a Reputable Exchange or Wallet: Select a reputable cryptocurrency exchange or wallet that supports a wide range of shitcoins. For this exercise we used Best Wallet.

Step 2: Set Up Your Account: Create an account on the chosen cryptocurrency exchange or wallet by providing the required personal information and completing any verification procedures.

Step 3: Deposit Funds: Deposit funds into your exchange or wallet account using a supported deposit method, such as bank transfer, credit/debit card, or cryptocurrency transfer from another wallet.

Step 4: Research Shitcoins: Conduct research to identify shitcoins that align with your investment goals, risk tolerance, and investment strategy. Watch out for red flags such as lack of transparency, unrealistic promises, and excessive hype.

Step 5: Choose Your Entry Point: Determine how much you want to invest in the shitcoin based on technical analysis, market trends, and your risk appetite.

buy dogecoin from best wallet

Step 6: Place Your Order: Place a buy order of the shitcoin you want to invest in on the cryptocurrency exchange or wallet. Specify the amount of the shitcoin you wish to purchase and the price at which you are willing to buy.

Step 7: Monitor Your Investment: After purchasing the shitcoin, monitor its price movements and market trends closely. You can set price alerts and stop-loss orders to manage your investment risk.

Step 8: Have an Exit Strategy: Have a clear exit strategy in place for your shitcoin investment, including profit-taking targets and criteria for selling your new shitcoins. Be prepared to reassess your investment and adjust your strategy based on changing market conditions and new information.

Remember that shitcoins are a risky investment, with no guaranteed returns. Never invest more than you can afford to lose, and always prioritize your long-term financial health.

Conclusion: What’s the Best Shitcoin to Buy in 2024?

Our detailed reviews include our curated shitcoin list, a discussion of where to buy shitcoins and trading prices for certain shitcoin assets. After comparing all of the assets, we found Dogeverse to be the best shitcoin to buy in 2024.

We selected Dogeverse due to its innovative multichain capabilities, spanning across major blockchains like Ethereum and Solana. Its engaging community focus and Cosmo the Doge’s appeal add uniqueness, making it a promising choice in the evolving meme coin landscape.

Visit Dogeverse

FAQs

What coins classify as shitcoins?

It’s mostly meme coins like Dogecoin and Shiba Inu that classify as shitcoins because they provide no real utility. They gained their stature from celebrity endorsements and their communities hyping them up to be more than they really are. Some shitcoins are the exception and enable investors to earn rewards.

What shitcoin should I invest in?

Invest in Dogeverse for its unique multichain functionality across major blockchains and a strong community-driven approach, offering a promising blend of innovation and growth potential in the vibrant meme coin sector.

Are shitcoins a good investment?

It’s important for investors to compare their investing goals to what shitcoins offer. If the two coincide, then a shitcoin might be a good investment. Each investor needs to decide for themselves if shitcoins are a worthwhile investment, but all crypto assets are risky investments. Investors must practice caution and do their due diligence.

Which shitcoins will explode?

Nobody ever knows for sure which shitcoins will explode, but three shitcoins that seem poised to perform very well in the very near future are Dogeverse, Slothana, and Sponge V2.

Where can I buy shitcoins?

Shitcoins can be bought on cryptocurrency exchanges, including centralized ones like Binance or decentralized platforms like Uniswap, as well as directly from crypto presales, offering early access to new tokens before they hit broader markets.

References

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

About the Author


Goran Radanovic

After graduating with two finance degrees, Goran worked in corporate finance for six years before becoming a full-time writer. He discovered crypto in 2017 and has been an investor in digital assets since, seeking new assets that will boost his portfolio. He specializes in news and evergreen content on Cryptonews.

About Cryptonews

At Cryptonews, we aim to provide a comprehensive and objective perspective on the cryptocurrency market, empowering our readers to make informed decisions in this ever-evolving landscape.

Our editorial team, comprised of more than 20 professionals in the crypto space, works diligently to uphold the highest standards of journalism and ethics. We follow strict editorial guidelines to ensure the integrity and credibility of our content.

Whether you’re seeking breaking news, expert opinions, educational resources, or market insights, Cryptonews.com is your go-to destination for all things crypto since 2017.



Fuente

We are the editorial team of Blocksight, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on Blocksight, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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News

Ether Drops Further After ETF Launch

Blocksight Staff

Published

on

Bitcoin Surpasses $66,000 Thanks to Strong ETF Flows

Key points

  • Spot ether ETFs began trading in the U.S. today, with the funds initially having more than $10 billion in collective assets under management.
  • Analysts expect the launch of spot ether ETFs to have a net negative impact on the underlying price of ether in the near term, due to expected outflows from the pre-existing Grayscale Ethereum Trust.
  • Spot Bitcoin ETFs continue to see strong inflows, with BlackRock’s IBIT alone seeing more than $500 million in inflows on Monday.
  • Franklin Templeton, a spot ETF issuer on bitcoin and ether, has invested in a project that intends to bring Ethereum technology to Bitcoin.

Nine-point ether exchange-traded funds (ETFs)) started trading on the stock market on Tuesday, but all the optimism ahead of their approval did not translate into gains for the cryptocurrency markets.

Ether (ETH), the native cryptocurrency of the Ethereum blockchain, dropped less than 1% around the $3,400 level as of 1:30 PM ET, while Bitcoin (BTC) fell more than 2% to around $66,000.

Ether ETFs’ Debut Isn’t as Flashy as Bitcoin ETFs’

Spot ether ETFs began trading at just over $10 billion assets under management (AUM)), according to Bloomberg Intelligence analyst James Seyffart, most of that money is in the current Grayscale Ethereum Trust (ETHE) which has now been converted into an ETF.

“In the long term, Grayscale will simultaneously have the highest and lowest fees in the market. The asset manager’s decision to keep its ETHE fee at 2.5% could lead to outflows from the fund,” Kaiko Research said in a note on Monday.

Outflows from ETHE, if they occur, would be similar to those faced by Grayscale’s Bitcoin Trust (GBTC) after spot bitcoin ETFs began trading in January of this year, most likely due to high fees for the two original funds. Grayscale’s existing fund charges 2.5% fees, while a new “mini” ether ETF will charge 0.15% and commissions for other ETFs are set at 0.25% or less.

Such outflows could impact the price of ether and market sentiment.

“There could be a pullback shortly after the launch of Ethereum spot ETFs, i.e. outflows from Grayscale Ether Trust could dampen market sentiment in the short term,” Jupiter Zheng, a partner at Hashkey Capital’s liquid fund, told The Block.

But Grayscale remains optimistic.

“Compared to the splashy debut of spot bitcoin ETPs in January, the launch of ethereum ETPs has been relatively muted,” said Zach Pandl, Grayscale’s head of research, adding that investors may be “undervaluing” ether ETFs that are “coming to the U.S. market in tandem with a shift in U.S. cryptocurrency policy and the adoption of tokenization by major financial institutions.”

Bitcoin ETF Inflows Continue to Rise

As for bitcoin, there is clearly no lack of demand for spot ETFs, such as BlackRock’s iShares Bitcoin Trust (IBITS) recorded its sixth-largest day of inflows in its short history on Monday, at $526.7 million, according to data from Farside Investors. Daily inflows for the overall spot bitcoin ETF market also hit their highest level since June 5.

In particular, asset manager Franklin Templeton, which has issued both bitcoin and ether ETFs, appears to have decided to cover its back when it comes to Ethereum by investing in Bitlayer, a way to implement Ethereum technology on a second-layer Bitcoin network, according to CoinDesk.

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Spot Ether ETFs Start Trading Today: Here’s What You Need to Know

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Spot Ether ETFs Start Trading Today: Here's What You Need to Know

Key points

  • Spot ether ETFs will begin trading on U.S. exchanges on Tuesday. Nine ETFs will trade on Cboe BZX, Nasdaq and NYSE Arca.
  • Ether ETFs offer investors exposure to the price of their underlying assets.
  • Commissions on these new ETFs generally range from 0.15% to 0.25%.
  • These ETFs do not provide exposure to Ethereum staking.

The U.S. Securities and Exchange Commission (SEC) has officially approved nine ether spots (ETH)exchange-traded funds (ETFs) for trading on U.S. exchanges. Trading for these new cryptocurrency investment vehicles begins today. Here’s everything you need to know.

What new ether ETFs are starting to trade today?

Spot ether ETFs starting trading today can be found at Quotation, NYSE Arkand Cboe BZX. Here’s a breakdown of each ETF you can find on these three exchanges, along with the fund tickers:

Cboe BZX will list the Invesco Galaxy Ethereum ETF (QETH), the 21Shares Core Ethereum ETF (CETH), the Fidelity Ethereum Fund (FETH), the Franklin Ethereum ETF (EZET) and the VanEck Ethereum ETF (ETHV).

Nasdaq will have the iShares Ethereum Trust ETF (ETHA) created by BlackRock, which also operates the largest spot bitcoin ETF under the ticker IBIT.

NYSE Arca will list the Bitwise Ethereum ETF (ETHW) and the Grayscale Ethereum Trust (ETHE). The Grayscale Ethereum Mini Trust (ETH), which will begin trading on the same exchange.

How does an ether ETF work?

Spot ether ETFs are intended to offer exposure to the price of ether held by the funds. Ether is the underlying cryptocurrency of the Ethereal network, the second largest crypto network by market capitalization.

ETF buyers are buying shares of funds that hold ether on behalf of their shareholders. Different spot ether ETFs use different data sources when it comes to setting the price of ether. Grayscale Ethereum Trust, for example, uses the CoinDesk Ether Price Index.

None of the ETFs launching today include pointed etherwhich represents a potential opportunity cost associated with choosing an ETF over other options such as self-custody or a traditional cryptocurrency exchange.

Ether staking currently has an annual return of 3.32%, according to the Compass Staking Yield Reference Index Ethereum. However, it is possible that the SEC will eventually approve Ether staking held by ETFs.

How can I trade Ether ETFs?

ETFs can simplify the trading process for investors. In the case of cryptocurrencies, instead of taking full custody of the ether and taking care of your own private keysSpot ether ETFs allow investors to purchase the cryptocurrency underlying the Ethereum network through traditional brokerage accounts.

Today, not all brokers may offer their clients spot ETFs on cryptocurrencies.

What are the fees for ether ETFs?

The fees associated with each individual spot ether ETF were previously revealed In the S-1 OR S-3 (depending on the specific ETF) deposit associated with the offerings. These fees are 0.25% or less for all but one.

The Grayscale Ethereum Trust, which converts to an ETF, has a fee of 2.5%. The Grayscale Mini Ethereum Trust has the lowest fee at 0.15%. These fees are charged on an annual basis for the provider’s management of the fund and are in line with what was previously seen with spot bitcoin ETFs.

Brokers may also charge their own fees for cryptocurrency trading.

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Kamala Harris Odds Surge Amid $81M Fundraise. What Does It Mean for Bitcoin and Cryptocurrencies?

Blocksight Staff

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Kamala Harris Odds Surge Amid $81M Fundraise. What Does It Mean for Bitcoin and Cryptocurrencies?

Market odds and memecoins related to US Vice President Kamala Harris have soared as the latest round of donations tied to the Democratic campaign raised $81 million in 24 hours, bolstering sentiment among some traders.

The odds of Harris being declared the Democratic nominee have risen further to 90% on cryptocurrency betting app Polymarket, up from 80% on Monday and setting a new high.

Previously, in early July, bettors were only betting on 8%, but that changed on Saturday when incumbent President Joe Biden announced he would no longer run in the November election. Biden then approved Harris as a candidate.

Polymarket traders placed $28.6 million in bets in favor of Harris, the data showsThe second favorite is Michelle Obama.

Somewhere else, Memecoin KAMA based on Solanaa political meme token modeled after Harris, has jumped 62% to set a new all-time high of 2 cents at a market cap of $27 million. The token is up a whopping 4,000% from its June 18 low of $0.00061, buoyed primarily by the possibility of Harris becoming president.

As such, Harris has yet to publicly comment on cryptocurrencies or her strategy for the growing market. On the other hand, Republican candidate Donald Trump has expressed support for the cryptocurrency market and is expected to appear at the Bitcoin 2024 conference on Saturday.

However, some expect Harris or the Democratic Party to mention the sector in the coming weeks, which could impact price action.

“While he has not yet received the official nomination, there is consensus that last night’s development is in line with current Democratic strategy,” cryptocurrency trading firm Wintermute said in a Monday note emailed to CoinDesk. “Keep an eye on Democrats’ comments on this issue in the coming days.

“The prevailing assumption is that Harris will win the nomination and any deviation from this expectation could cause market volatility,” the firm added.

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Top 30x Cryptocurrency and Coin Presales Today: Artemis Coin at #1, Others Are: BlockDAG, 99Bitcoin, eTukTuk, and WienerAI

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Top 30x Cryptocurrency and Coin Presales Today: Artemis Coin at #1, Others Are: BlockDAG, 99Bitcoin, eTukTuk, and WienerAI

The cryptocurrency market has seen a lot of growth and imagination lately, with new ventures popping up regularly. A critical pattern in this space is the rise of crypto pre-sales, which give backers the opportunity to get involved with promising projects early on. Artemis is a standout option for crypto investors looking to expand their portfolios amid the many pre-sales currently underway.

Cryptocurrency presales, commonly referred to as initial coin offerings (ICOs), allow blockchain ventures to raise capital by offering their local tokens to early backers before they become available on open exchanges. Investors can take advantage of these presales by purchasing tokens at a lower price. If the project is successful and the token’s value increases, investors stand to receive significant returns.

>>> Explore the best cryptocurrency pre-sales to buy now <<

The Ultimate List of the Top 5 Cryptocurrency Pre-Sales to Invest In

  1. Artemis: The aim of Artemis (ARTMS) will become the cryptocurrency equivalent of eBay or Amazon. The upcoming Phase 4 will see the launch of the Artemis Framework, which will serve as a stage for digital money exchanges where buyers, sellers, specialized organizations and those seeking administration can participate in coherent exchanges.
  2. DAG Block: uses Directed Acyclic Graph technology to increase blockchain scalability.
  3. 99bitcoin: operates as a crypto learning platform
  4. WienerAI uses AI-powered trading bots for precise market analysis.
  5. eTukTuk focuses on environmentally sustainable transportation options, such as electric vehicle charging infrastructure.

We have determined that Artemis is the best new cryptocurrency presale for investment after conducting extensive research. It presents itself as the unrivaled cryptocurrency presale choice currently open.

>> Visit the best cryptocurrency pre-sale to invest in now <<

Top 5 Crypto Pre-Sales and Best Cryptocurrencies for Investment Today

Artemis (ARTMS) is attempting to establish itself as the cryptocurrency version of eBay or Amazon. The Artemis Crypto System, which will act as a platform for cryptocurrency transactions, will be launched in Phase 4. Buyers, sellers, service providers, and requesters will all benefit from seamless trading with this system. Customers will be able to purchase things, such as mobile phones using digital money, as well as sell products such as involved bicycles and get paid in cryptocurrency. Additionally, crypto money can be used to pay for administrations such as clinical consultations, legitimate care, and freelance work. Artemis Coin will act as the main currency of the ecosystem, with Bitcoin and other well-known cryptocurrencies from various blockchain networks backing it.

Artemis Coin has increased in price from 0.00055 to 0.00101 from 0.00094. Artemis may be attractive to individuals looking to recoup losses in Bitcoin, as predicted by cryptocurrency analysts. At this point, it seems to present an interesting presale opportunity.

>>> Visit the best cryptocurrency pre-sale to invest in now <<

The world of digital currency pre-sales is an exciting and exciting opportunity that could open the door to game-changing blockchain projects. Projects in this article, like Artemis Coin, offer the opportunity to shape the future of various industries and the potential for significant returns as the industry develops.

However, it is imperative to approach these investments with caution, thorough research, portfolio diversification, and awareness of the risks. You can explore the digital currency pre-sale scene with greater certainty and increase your chances of identifying and profiting from the most promising venture opportunities by following the advice and methods in this article.

>>> Join the best cryptocurrency pre-sale to invest in now <<

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