Best Shitcoin to Buy for April 2022

The term ‘shitcoin’ is subjective and can refer to cryptocurrencies with no obvious function, or meme tokens. The term is also used to describe potentially undervalued projects or those with a low market cap of less than 1 billion dollars.

If, like many investors, you want to take a punt on the underdog, read this guide – where the 10 best shitcoins to buy in 2022 will be revealed.

We also offer a stellar alternative to shitcoins and a full review of the best trading platform to buy your chosen tokens.

Best Shitcoins Buy in 2022

When crypto investors want to think outside the box, alongside a higher appetite for risk, they are sometimes led to shitcoins, such as the best meme coins.

With this in mind, below we’ve included a quick-view list of the best shitcoins to buy right now.

Cryptoassets are a highly volatile unregulated investment product.

Each of the tokens on the above shitcoins list 2022 are analyzed next, so you can decide which might be the best addition to your crypto portfolio.

A Closer Look at the Top Shitcoins

Choosing the right project when you invest in cryptocurrency isn’t always clear-cut. There are thousands of tokens in existence and a huge variety of projects types, after all.

To get the ball rolling, we are going to take a closer look at the best shitcoins to buy right now.

Note: Do bear in mind that cryptocurrencies regularly shift in price as a result of supply and demand. As such, the market capitalization is likely to change on a second-by-second basis. Such figures are noted purely for the purpose of measuring the crypto asset’s value at the time of writing and offering a comparative guide to potential investors.

1: Dogecoin – Overall Best Shitcoin to Buy Right Now in 2022

Ever wondered if you should buy DOGE in 2022? Dogecoin is possibly the most well-known and best shitcoin to buy right now. This cryptocurrency was forked from Litecoin in 2013 and went largely unnoticed for several years. Moreover, Dogecoin was trading at less than half a cent per token for a very long time.

That is before the so-called ‘meme coin’ was catapulted into the spotlight following support from popular online discussion boards such as WallStreetBets on Reddit. Of course, there was also a series of endorsing tweets from the likes of Elon Musk, Snoop Dogg, and even Mark Cuban.

As a result of all of this interest, in 2021, Dogecoin’s value increased by a whopping 400% in just one week of trading, and 12,000% over the following few months. This goes to show the power of social media when it comes to shitcoins. This is the highest-ranking shitcoin on this list, in terms of market cap.

At the time of writing, Dogecoin has a market capitalization of around $19.5 billion. At this time, there are over 132 million Dogecoin tokens in circulation, and this figure is steadily increasing.

Due to the nature of digital currencies, the demand must explode in order for this shitcoin’s price to rise, given its huge and ever-increasing supply. That is precisely what occurred in the second half of  2021 and what Dogecoin holders hope will happen again. Many Dogecoin price predictions have forecast strong gains in the coming years for this popular meme coin.

Cryptoassets are a highly volatile unregulated investment product. 

2: Apecoin – New Crypto With Gaming and Commerce Use Cases

Apecoin was launched in 2022 by the team behind Bored Ape Yacht Club. For those unaware, this is a platform that’s made up of 10,000 one-of-a-kind collectible Bored Ape non-fungible tokens (NFTs). This platform offers some of the best NFTs to buy, all of which are based on the Ethereum blockchain.

ApeCoin is an ERC-20 cryptocurrency with governance and utility features. This top shitcoin’s price was at around $6.50 when it was first launched in March 2022. Within hours, APE tokens were trading for around $40 apiece – before coming back to earth. Within two days, Apecoin was trading at $17.75. At the time of writing, the shitcoin’s price is around 60% below this figure.

There will only ever be nine billion Apecoin tokens available. To briefly explain what Apecoin does, it was developed as a Metaverse crypto coin. Moreover, it can be used for making purchases online via Shopping.io. This allows people to access products from eBay, HomeDepot, Amazon, Walmart, and more. Payments are processed by crypto exchange Coinbase.

The best part is that Apecoin users receive a 2% discount when making online purchases with the token. The market cap of this meme coin is around $3 billion. Whether or not you are into gaming or shopping in virtual worlds, this is one of the best shitcoins to buy according to most ApeCoin price predictions. You could also diversify by adding other types of shitcoin to your portfolio.

Cryptoassets are a highly volatile unregulated investment product. 

3: Shiba Inu – Top Meme Cryptocurrency and Dogecoin Alternative

Shiba Inu is another token on this list that was created as a light-hearted alternative to the current status quo. This shitcoin was launched in 2020 and labelled itself as the ‘Dogecoin killer’. The cryptocurrency has zero underlying use cases so is a perfect example of what makes it ones of the best shitcoins right now.

Although the lines are blurred on what characteristics make a shitcoin, Shiba Inu is 100% a meme token. Sure, even the best shitcoins are risky, yet Shiba Inu’s popularity is hard to deny. The cryptocurrency’s creators are also working to offer token holders greater real-world utility, which might help it gain further popularity.

Shiba Inu’s latest project, Shiberse, will also dabble in the metaverse. According to the latest announcement, Shiberse will include virtual real estate – allowing users to buy land. Shibeverse will have 100,600 plots of land. Districts on this map will comprise Currency, Breed, Growth, and Technology. Users will be able to develop and manage their own projects.

The metaverse is now one of the hottest crypto investment themes with tons of the best metaverse coins making headlines in the crypto universe. As such, Shiba Inu might stay on the radar by expanding into this space. The market capitalization of Shiba Inu at the time of writing is just under $14 billion and Shiba Inu price predictions expect SHIB to reach $0.0001 by the end of 2025. As such, you might look to invest in Shiba Inu now before it becomes even more dominant in this highly populated shitcoin market.

Cryptoassets are a highly volatile unregulated investment product. 

4: Yearn.Finance – Decentralized Project With Low Supply for Long-Term Crypto Traders

Yearn.Finance was created in 2020 by Ethereum developer Andre Cronje. Yearn.Finance tokens have a limited supply of just 36,000, much less than Bitcoin, which will be capped at 21 million. This goes some way to explaining why Yearn.Finance trades for thousands of dollars per token.

At the time of writing, the market capitalization of Yearn.Finance is at just below $1 billion. This crypto asset was designed as a governance token. This essentially allows the Yearn.Finance community to vote and decide on the project’s path. Holders can open additional vaults, and modify strategies.

Yearn Finance token holders can also profit from their investment by generating a passive income. This is because any fees incurred as a result of using the protocol are dispersed to Yearn.Finance token holders. Unlike many other crypto projects, the developer team did not receive a substantial share of tokens.

Not only does this shitcoin have such a low supply of tokens, but if DeFi coins continue on their present growth trajectory, Yearn.Finance could trade in the hundreds of thousands of dollars in the future. More investors will be enticed to purchase the token if they also foresee a noteworthy increase.

As such, you might look to acquire Yearn Finance tokens now and hold them for a long time. eToro will let you buy crypto assets for $10 or more via fractional trading.

Cryptoassets are a highly volatile unregulated investment product. 

5: Synthetix – Best Cryptocurrency to Trade Synthetic Assets via the Blockchain

Synthetix, originally called Havven, was designed as a decentralized stable coin and payment network, so the project is essentially a peer-to-peer electronic cash system. Synthetix is a cryptocurrency mining program that also provides exposure to real-world commodities, stocks, and other assets. The Synthetix token (SNX) is used as collateral for Synths that have been issued.

When you buy this shitcoin, it is locked in a specific contract that allows you to use it to collateralize an asset on Synthetix. In other words, you can trade synthetic versions of real-world assets without taking direct ownership. This is a small-cap shitcoin with a market capitalization of under $650 million at the time of writing.

Synthetix may be used for staking tokens to manufacture new synthesizers, as well as keeping track of the values of various assets. Users are rewarded for staking their Synthetix tokens, thus reducing supply by keeping them out of circulation. In addition, the protocol unlocks the corresponding worth of tokens if the price rises in value.

If someone invests $100 in Synthetix and the price increases by 50%, they will receive $25 in Synthetix tokens, which they may use to stake and thus earn more transaction fee incentives. As such, this is one of the top shitcoins for crypto staking rewards.

Cryptoassets are a highly volatile unregulated investment product. 

6: Ankr – Invest in a Cloud Computing Ecosystem

Ankr was founded in 2017 and is a distributed computing platform. This blockchain network enables cloud-computing companies to make underused resources available to anyone in need of cloud infrastructure. Cloud computing providers are compensated with ANKR tokens. The platform also leases out underused hardware from cloud computing companies.

As such, rather than contributing to the sector’s energy-consumption woes, this blockchain network intends to utilize what currently exists. The maximum supply of Ankr is limited to 10 billion tokens. At the time of writing, the market capitalization is at just over $650 million.

Ankr also adds value to the way tokens are staked by investors.  Investors who stake Ankr are usually rewarded with more tokens. This allows you to quickly set up and run a validator node on your preferred blockchain with Ankr and make passive income without paying commission fees or requiring any technical skills.

Ankr connects you to over 30 staking nodes. You can also qualify to earn staking incentives with as little as 0.5 ETH. To stake on Ethereum’s beacon chain, you’ll need approximately 32 ETH, which is subject to change. As a result, many crypto investors are interested in this type of shitcoin as it allows you to earn a passive income without needing a large sum of capital.

Cryptoassets are a highly volatile unregulated investment product. 

7: Bancor – Best Digital Currency For Integrated Token Convertibility

Bancor is a DeFi blockchain protocol that was launched in 2017. At the time of writing, Bancor has a market capitalization of just over $650 million. Bancor is governed and owned by its community of users. The project employs a new token connector mechanism to enable continuous liquidity for all integrated crypto projects.

Crucially, this cuts out the requirement for two parties to match on an exchange. Smart tokens are linked together to establish liquidity networks, allowing user-generated coins to flourish. The protocol’s token, BNT, also allows traders to vote on potential upgrades on the platform. People can stake their Bancor tokens in any of the network’s trading pair pools to receive incentives.

Just as an example, the platform states that by staking Chainlink in the pool, you can earn an APY 26.90%. Bancor gives up to 60% APY on some tokens. Furthermore, depositors may now profit from dual-sided benefits, earning more Bancor and the token being staked. This is achieved via third-party protocols that are able to offer rewards on pools.

Essentially, this unilateral pool cuts out the need for a middle man by creating a reserve currency. As such, one thing that sets Bancor apart from others in this shitcoins list 2022 is that it offers single-token exposure and complete impermanent loss protection to boot.

Cryptoassets are a highly volatile unregulated investment product. 

8: Balancer – Top Cryptocurrency for Exposure to Index Fund-Like Assets

Balancer was launched in 2020 after being developed on the Ethereum blockchain. Balancer is a popular decentralized exchange platform and market maker. In the same way that Curve and Uniswap allow anybody to construct token pools, Balancer does as well. It’s a bit like an index fund, only in digital currencies.

Regardless of price fluctuations, the Balancer pool adjusts itself to ensure that tokens are equally weighted. Balancer has the unique capability of allowing several tokens to be added without the need for Ethereum. As such, this is a shitcoin with a difference. Before a public pool opens, its parameters are fixed in stone and cannot be altered.

Users that supply liquidity to a Balancer pool are rewarded with a bespoke cryptocurrency – BAL, in exchange for a share of the trading charge paid to the network for the usage of their money. These deposits are critical to the network because they provide the liquidity that users need to purchase and sell cryptocurrencies on the platform.

As such, Balancer rewards both sides of its market. From traders looking for the highest potential price for an asset to crypto users who may want to make part of their holdings accessible for trading. At the time of writing, this is one of the best shitcoins right now for long-term value – not least because it carries a market cap of under $130 million.

Cryptoassets are a highly volatile unregulated investment product. 

9: 1Inch Network – Best Governance and Utility Shitcoin

1inch was created in 2020 by smart contract auditing experts. 1inch is a decentralized exchange aggregator at its heart, allowing you to compare prices across various platforms for your currency. The 1inch Network uses 1Inch as its native token.

1Inch is both a utility and a governance token. If you decide this is the best shitcoin to buy for your portfolio, you can participate in the future direction of the 1inch platform – as a holder of this token.  1inch Network has implemented an innovative protocol that automatically distributes trading orders.

You may trade your tokens on five separate networks for the lowest possible price using the 1inch aggregation protocol. In addition, the system burns gas tokens inside transactions to make them cheaper than competing protocols.

The 1inch network enjoys a lot of support from Galaxy Digital, Pantera Capital, Binance Labs, and other investors in the project. The market capitalization of 1inch Network at the time of writing is at just under $680 million.

Cryptoassets are a highly volatile unregulated investment product. 

10: Storj – Invest in Small-Cap Decentralized Storage Coin

Storj was founded in 2014 as a software development firm. Unlike other cloud storage platforms, such as Google, Storj is decentralized and manages its data storage using software and multiple nodes. This cuts out the need for a firm to maintain the program.

The Storj cryptocurrency is crucial to the network’s functionality since it allows users to pay each other on the platform to store their data. By installing Tardigrade, anyone with a few additional terabytes of space may become a node on the platform.

Essentially, storage nodes allow users to rent out extra hard drive space and retrieve data reliably for a charge. All that’s needed is a steady and reliable internet connection. The maximum supply of Storj is just 425 million tokens. At the time of writing, the market cap of the 10th crypto-asset in our shitcoins list 2022 is around $445 million.

Cryptoassets are a highly volatile unregulated investment product. 

What are Shitcoins?

As we briefly explained earlier, a shitcoin can mean various things – as it’s a rather subjective term.

See a brief explanation of what a shitcoin is below:

• ‘Shitcoin’ can apply to meme tokens like the aforementioned Dogecoin and Shia Inu
• This type of shitcoin is usually started as a lighthearted alternative to more serious projects.
• Cryptocurrencies that have no evident purpose also fall into the category of shitcoin
• Possibly, the most undervalued cryptos or those with a low market valuation can be referred to as shitcoins in the crypto market

Many shitcoins derive their value from simply existing, as well as a sudden increase in popularity from, say a celebrity endorsement, online community hype, or a new partnership.

Are Shitcoins a Good Investment?

There is no denying that even the top shitcoins are highly risky. Therefore, to help you decide whether this category of cryptocurrency will be a good addition to your portfolio – read on.

Shitcoins Sometimes Have Highly Enthusiastic Community Support

As previously said, shitcoins are crypto assets with a very low market capitalization and/or with no obvious use-case other than existing.

Despite the fact that shitcoins cannot be compared to some of the most well-known cryptocurrency projects, many investors still add them to their portfolios.

• Some shitcoins have been known to see a strong resurrection thanks to the support of a large and active community
• For instance, at the time of its inception, Dogecoin was seen as a joke, with a value of a fraction of a cent for years
• Influencers and celebrities, on the other hand, took a strong interest in Dogecoin at the start of 2021 and built tremendous excitement around it
• In just a few months, Dogecoin skyrocketed by over 12,000%

Essentially, there have been various shitcoin ventures such as the likes of Dogecoin and Shiba Inu that have generated high returns in a short period of time.

With that said, there have also been projects that have been worthless within a week after their over-hyped introduction.

Although the rewards might be huge, there is always the added risk to consider. Nonetheless, you can check how vibrant and strong a shitcoin community is prior to investing.

Some Shitcoins Offer a Short-Term High-Risk/Reward Strategy

If you are looking for the best shitcoin to buy as a short-term trader, you could strike lucky, That is to say, shitcoins are risky, and therefore the reward could be sky-high.

Using the poster child for meme tokens – Dogecoin, as our example; had you opted to buy DOGE tokens on January 1st, 2021 and timed it perfectly by cashing out on May 8th, 2021, you would have been looking at gains of around 14,700%.

Where to Buy Shitcoins

The best place to buy crypto and more specifically – the 10 shitcoins discussed today, is eToro. This is because the platform requires a minimum trade size of $10. This means that you can take a so-called punt

eToro – Top Platform to Access The Best Shitcoins in 2022

When you are deciding where to buy shitcoins, eToro is a great place to trade for beginners and seasoned investors alike. There are 59 digital currencies listed. Moreover, trading is cost-economical because eToro charges a simple 1% commission when you buy cryptocurrencies, so you know where you stand.

When you buy shitcoins, you can do so on the eToro platform in a matter of minutes. In this scenario, the broker will add the tokens to your portfolio for you to access freely. This is suitable for new investors as there are no private keys required and the SEC regulates the space – so you can trade in a secure environment.

Cashing out is also a breeze because the broker just buys back the tokens upon you closing the position. Fractional trading is supported, so the broker will also accept stakes of $10 when you decide on the best shitcoin to buy. If you want to diversify later, you may also access ETFs and stocks with no commission.

Alternatively, the eToro Money crypto wallet is available to download for free and comes with a variety of industry-standard security measures. This includes advanced signature systems and DDoS protection, among other things. The GFSC regulates the aforementioned crypto app.

eToro has some great features to shorten the learning curve, meaning you can trade shitcoins without performing research and still end up with a portfolio of assets. One of the most popular aspects of eToro is copy trading. This tool first requires you to allocate funds to a seasoned investor who specializes in cryptocurrencies.

If the trading pro risks 20% on Dogecoin and you invested $1,000 in that individual, you’ll find $200 worth of DOGE tokens in your own portfolio. It’s as simple as that. eToro also lists multiple crypto-based smart portfolios. You can choose your strategy, invest some finds, and eToro will manage and rebalance the crypto assets regularly.

eToro accepts deposits as low as $10. You may use a credit/debit card or a wire transfer to fund your shitcoin investments. Moreover, e-wallets like Neteller, Skrill, and PayPal are also accepted. There are no fees to pay on USD deposits or withdrawals.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Lucky Block – An Alternative to Shitcoins With Huge Utility

If you haven’t found what you’re looking for in this best shitcoins list 2022, Lucky Block is a great alternative. Furthermore, you can check out everything you need to know about LBLOCK via our handy guide on how to buy Lucky Block.

Lucky Block, based on the Binance Smart Chain, is a rapidly developing lottery platform like you’ve never seen.

Let us shine some light on this blockchain project:

• The platform’s creators designed Lucky Block after noticing a number of crucial areas where the traditional lottery sector needed vast improvement. These systems are frequently operated by state-backed organizations with little consideration for players.
• Lucky Block developers are able to dramatically boost the transparency of all parts of the lottery process by shifting it to the blockchain Unlike local and national lotteries, the Lucky Block platform is inclusive and open to participants from all over the world.
• Lucky Block will cut draw times in half and allow for numerous games each day, giving players more chances to win.
• LBLOCK, the platform’s native cryptocurrency, will be used to pay winnings to players.
• Once the lottery draws begin, holders of LBLOCK tokens who connect their wallets to the Lucky Block app will receive monthly dividend payments via staking.
• These rewards will increase in tandem with the platform’s user population, offering passive income for LBLOCK holders.

Although LBLOCK is utilized for a variety of functions inside the Lucky Block ecosystem, it may also be acquired for investment purposes, which is great news for people looking for an alternative to shitcoins.

Lucky Block has also launched a limited collection of 10,000 NFTs which come with ownership rights.

Lucky Block was the fastest cryptocurrency to ever reach a market capitalization of $1 billion and is definitely one to watch. The maximum supply of Lucky Block is 100 billion tokens.

If this exciting new network and NFT project sounds like something you’re interested in adding to your portfolio, follow the simple steps listed below:

• Step 1: Get Trust Wallet: To buy Lucky Block, you will need to download Trust Wallet to your cell phone from either the Android or iOS store.
• Step 2: Deposit BNB: If you have BNB tokens, deposit them into your wallet so that you can swap them for Lucky Block. If you don’t already hold this token, you can buy some BNB with a credit/debit card via the app itself with ease.
• Step 3: Connect to Pancakeswap: Select the ‘DApps’ button and look for ‘Popular’ or ‘Exchanges’. Connect to PancakeSwap by selecting it from the list. At this point, you will be redirected to PancakeSwap and can select ‘Connect’.
• Step 4: Paste Lucky Block Contract Address: When you’ve connected with PancakeSwap, you will be prompted to tell the platform which crypto you wish to swap for BNB. Paste the contact address from the official Lucky Block website.
• Step 5: Swap BNB for Lucky Block: Now you can enter your desired stake, meaning the number of BNB tokens you are looking to exchange for Lucky Block.

After following the steps outlined above, your order will be executed in an instant at the best market price and Lucky Block will be added to your Trust Wallet interface.

Cryptoassets are a highly volatile unregulated investment product.

Conclusion

Today we have talked about the best shitcoins to buy in 2022, all of which are available at eToro with low fees.

We’ve also offered a great alternative in the shape of Lucky Block. Built on the Binance Smart Chain, Lucky Block envisions an all-inclusive global crypto lottery through blockchain and smart contract technologies.

This exciting project is a worthy addition to any investor’s portfolio and is one of the fastest-growing cryptocurrencies in the space.

The presale tokens of Lucky Block sold out 11 days earlier than planned and the project experienced the quickest rise to a billion-dollar market cap in the history of cryptocurrencies.

Cryptoassets are a highly volatile unregulated investment product.

Frequently Asked Questions on the Best Shitcoins

What are considered shitcoins?

Shitcoins are cryptocurrencies that are either lighthearted meme tokens, assets with no real purpose, or those with a small market cap.  

What is the best shitcoin to buy right now?

The best shitcoin to buy right now is Dogecoin, which is widely considered the most well-known meme token. Others include Apecoin, Yearn.Finance, Synthetix, and Shiba Inu. Alternatively, check out Lucky Block, one of the fastest-growing crypto-assets on the scene and a great alternative to shitcoins. 

Are shitcoins worth it?

Whether or not shitcoins are worth it will depend on a multitude of variables. A shitcoin’s price is dictated by supply and demand. Always conduct intense research before investing in a crypto project. You will probably be better off creating a diverse portfolio including shitcoins as well as alternatives like Lucky Block. 

How can I buy shitcoins?

The most convenient way to buy shitcoins is at eToro. US clients can trade a multitude of different shitcoins with a fixed transparent fee of just 1%. Moreover, USD deposits are fee-free, there are tons of payment types accepted, and both the main platform and crypto wallet are regulated.