09 Sep 2022 · 14 min read

10 Best Shitcoins to Buy in 2022

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Shitcoins refer to cryptocurrencies that don't have much utility but have made an impression on the market. Many crypto projects are based on mere speculation and in some cases it's an effective marketing strategy, or celebrity endorsements, that make them the best shitcoins to buy - prompting investors to get in on the hype.

We found 10 coins that have made the crypto community buzz. Massive hype has been created around the shitcoins we found, although some of the coins provide utility and even offer investors rewards. Let's find out their features and how investors can benefit.

The Top Shitcoins to Buy in 2022

Here's a quick look at the best shitcoins right now before we review them in detail.

  • Tamadoge (TAMA) - Overall Best Shitcoin with $19 Million Completed Presale
  • Battle Infinity (IBAT) - Metaverse P2E Gaming Platform
  • Lucky Block (LBLOCK) - Transformative NFT Competitions Platform
  • Dogecoin (DOGE) - Globally Recognized Ultimate Meme Coin
  • Shiba Inu (SHIB) - Popular Meme Coin Aspiring to be Dogecoin Alternative
  • ApeCoin (APE) - Top NFT Crypto Supporting the Gaming Evolution
  • Balancer (BAL) - Ethereum-based Software Incentivizing Pool Funding
  • Dogelon Mars (ELON) - Meme Coin Platform Supporting Mars Colonization
  • Safemoon Inu (SMI) - Metaverse Gaming Platform Distributing Rewards
  • Floki Inu (FLOKI) - SHIB-community Inspired Meme Coin

Buy TAMA on OKX

Buy TAMA on OKX DEX

Reviewing the Best Shitcoins to Invest in

Let's take a closer look at the best shitcoins to buy - we've also provided links to brokers offering shitcoins.

1. Tamadoge (TAMA) - Overall Best Shitcoin with $19 Million Completed Presale

Tamadoge has proven that it's more than just another coin with hype surrounding it and is one of the best new cryptos to buy. The hype is evident after it sold out its $19 million presale in less than eight weeks.

Despite bearish sentiment in the market, with many coins struggling, investors have been flocking to Tamadoge with crypto whales spending 55.8ETH and 40ETH in the final hours before the presale sold out.

TAMA is now listed on OKX with listings on the platforms centralized and decentralized exchanges.

The wider Tamaverse includes a play-to-earn (P2E) game enabling players to collect rewards for grooming their pets. Players can feed, exercise and breed digital pets to climb the leaderboard. The platform rewards players with TAMA tokens, which can be exchanged for fiat currencies.

One of the key factors that distinguish TAMA from other shitcoins - such as Dogecoin and Shiba Inu - is that it's a deflationary asset. Only 2 billion coins will ever be in supply and the developers plan to burn 5% of tokens spent on pet store purchases. That will make the coin scarcer, with investors valuing assets that are difficult to obtain.

The developers have set out a roadmap for Tamadoge, and exciting features are bound to make it even more valuable. Some of the developments include a P2E Arcade and an augmented reality app, which will make player and pet interaction more realistic.

To stay up to date with the game's latest developments, investors can subscribe to the Tamadoge Telegram channel. Please, be careful of imposters, the channel's admins never DM subscribers first.

Buy TAMA on OKX

Buy TAMA on OKX DEX

2. Battle Infinity (IBAT) - Metaverse P2E Gaming Platform

The best shitcoin to buy right now is IBAT. It's the native token of Battle Infinity, an NFT-based fantasy game that enables players to earn while battling it out against other teams. 

Battle Infinity provides access to six platforms - players can buy IBAT tokens on Battle Swap, a decentralized exchange on the platform, while it's in the Battle Marketplace that players can buy NFTs to stylize their unique avatars. The avatars can be fitted with fashion accessories such as chains and funky hairstyles. 

By using VR headsets, players access Battle Arena, a metaverse gaming platform enabling players to meet and interact with each other in real time. Players can also battle it out in the fantasy sports game IBAT Premier League by building up teams and earning rewards for monetizing land.

Another platform on Battle Infinity enabling investors to earn rewards is Battle Stake. Players can select solo, duo or crates staking, enabling them to compete against other players for the highest rewards. 

The global staking pool receives half of the transaction fees incurred on the platform and distributes IBAT tokens to the most active players.

IBAT has proven that it's not just another shitcoin by having an extremely successful presale. The presale was scheduled to last 90 days, but high demand for the IBAT token resulted in it selling out within 25 days. 

Exchange listings on PancakeSwap and LBank followed in August, boosting the coin's popularity further, as was evidenced by the 700% price pump.

More developments will be added to this platform and more listings are expected soon, making this one of the fastest growing crypto projects in the space - investors can be informed by joining the Battle Infinity Telegram channel.

Visit Battle Infinity

3. Lucky Block (LBLOCK) - Transformative NFT Competitions Platform

Lucky Block started out as a platform that offered prizes, but it transformed itself into an NFT competition platform offering investors several benefits. 

One of the key transformations was the development of an ERC20 token after the project originally offered only a BEP20 token, which contained a 12% sales tax. 

The development of the ERC20 token, referred to as LBLOCK V2, meant that investors could acquire the coin without incurring any sales tax. But the other benefit was the exchange listings, which have proven to increase the coin's price. 

Exchanges LBank, MEXC and Gate.io have already listed LBLOCK, while the project's CEO, Scott Ryder, announced more listings would follow. Ryder also stated that Lucky Block had partnered with exciting Web3.0 projects, and they would be publicized soon.

To make the coin more valuable, Ryder also announced a monthly 1% LBLOCK token burn, with the first burn scheduled for September 30, 2022, that will reduce the coin's supply over time. The crypto market has proven with many coins that token burns result in price pumps because of the asset's diminishing supply. 

LBLOCK provided investors with massive returns when it started trading on major exchanges in January 2022. The coin spiked massively the following month, offering investors more than 1,000% returns.

At the core of this competition's platform are huge prizes for LBLOCK holders. To stand a chance of winning prizes, investors enter the Platinum Competitions NFT Club. Major prizes up for grabs are a Lamborghini, $1 million in Bitcoin and a home worth $1 million. Fees are not charged for LBLOCK purchases for entering draws.

The prizes and capital appreciation that LBLOCK has provided to investors make it one of the best low cap cryptos to invest in.

Visit Lucky Block

4. Dogecoin (DOGE) - Globally Recognized Ultimate Meme Coin

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 $0.71, Dogecoin has lost just over 90% of its value - 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. 

Buy Dogecoin on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

5. Shiba Inu (SHIB) - Popular Meme Coin Aspiring to be Dogecoin Alternative

Hot on the heels of Dogecoin's hype as the ultimate meme coin was 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 90%, but it has slightly recovered. 

But is Shiba Inu a good investment in 2022? 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, as its price crash is the consequence of many investors believing it has no utility.

Buy Shiba Inu on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

6. ApeCoin (APE) - Top NFT Crypto Supporting the Gaming Evolution

The NFT market has taken off in the last 18 months and at the center of the movement is an NFT project Bored Ape Yacht Club (BAYC). The celebrity endorsement of this project has resulted in certain BAYC NFTs selling for millions of dollars.

ApeCoin is the native token of the Bored Ape and Mutant Ape ecosystem. To enter BAYC and take full advantage of it, investors need to own APE. This crypto project's developers were adamant about providing utility for the coin by ensuring it's an ERC20 token to serve as a protocol layer for community-led initiatives driving culture into the Metaverse.

APE is specially designed for the Web3.0 ecosystem and plays a key role in the Ape Foundation, which strives for the growth and development of the APE ecosystem. 

The APE DAO is vital for managing and building a globally dispersed community. ApeCoin's platform seeks to be at the forefront of the gaming evolution and use Web3.0 to build a culture that expresses itself through art and events.

Buy ApeCoin on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

7. Balancer (BAL) - Ethereum-based Software Incentivizing Pool Funding

BAL is the token powering the Balancer platform, an automated market maker (AMM) enabling traders to add liquidity to pools while earning trading fees. The platform enables the trading of cryptocurrencies without needing to use an exchange. 

Developed within this platform are features that reduce transaction costs, enable custom AMMs and boost capital efficiency. Balancer provides index-like funds for cryptocurrencies, called Balancer Pools.

Investors choose their preferred pool and invest assets in it. The platform rewards investors with BAL tokens for supplying liquidity and a share of the trading charge the network received for using their assets. The liquidity supplied by investors is crucial for the platform's survival as it enables traders to buy and sell cryptocurrencies.

Balancer's Smart Order Router searches the pools to find traders the best prices for cryptocurrencies. Traders adjust the Balancer Pools to ensure that the deposited tokens are equally weighed.

Buy Balancer on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

8. Dogelon Mars (ELON) - Meme Coin Platform Supporting Mars Colonization

Cryptocurrency utility has become extremely important to investors after several meme coins had significant price crashes after rallies. Dogelon Mars makes it onto our shitcoins list for 2022 because the platform seeks to recolonize Mars but fails to provide sufficient information about how it intends to do that.

It's evident by the platform's lack of utility that it's merely trying to ride the coattails of Elon Musk's hype of Dogecoin. The only value investors can get from this project is by reading an NFT comic about how Dogelon Mars has recolonized the planet.

Perhaps the platform's developers believed that people would invest in it because it's based on Elon Musk's mission to colonize Mars. But it seems investors aren't really buying into that story as this shitcoin's price is so low that it makes it a penny cryptocurrency.

8. Safemoon Inu (SMI) - Metaverse Gaming Platform Distributing Rewards

Another shitcoin project that claims its coin can go to the moon is Safemoon Inu. This coin is slightly different from the likes of Dogelon Mars and Dogecoin because it is a gaming token that distributes 2% of every transaction to holders.

The platform plans to develop by offering a P2E metaverse gaming platform, providing additional rewards for SMI token holders. Platform users can enjoy the memes offered and also buy, sell, collect, trade and melt NFTs.

Safemoon Inu stores the in-game token items on the Polygon blockchain, enabling players to use them in games or trade them on Altura Marketplace. More game releases will take place in the future on the platform.

10. Floki Inu (FLOKI) - SHIB-community Inspired Meme Coin

It seems that whatever Elon Musk mentions about his dogs somebody makes a crypto project out of it. Elon posted a picture of his dog on Twitter and said that a good name for it would be Floki.

The project claims to combine real utility and charitability to give power to the people, yet it doesn't mention how. However, it is a Metaverse game enabling players to earn rewards and use the FLOKI university, a platform offering crypto education.

Other offerings by the platform are FLOKI DEFI and FLOKIPLACES, a soon-to-launch NFT and merchandise store.

Floki Inu does provide some value, but it really doesn't distinguish itself from the thousands of blockchain projects by providing a novel offering.

What Defines a Shitcoin?

Most shitcoins don't offer any utility, meaning it doesn't solve a real-world problem and only exists to grow in value. It exists on the blockchain in the form of a meme coin and gained traction because of hype manifested by celebrities.

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

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.

Community Support

A key reason that coins such as DOGE and SHIB had such massive rallies was massive community support.

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.

Celebrity Endorsements

It's not only the shitcoin token holders who lured investors in, as celebrities played a major role. They used the power of social media to advertise projects to their massive audiences. 

No doubt that most of them were financially incentivized to promote a project, but it worked.

Buy TAMA on OKX

Buy TAMA on OKX DEX

Conclusion

Our detailed reviews include where to buy shitcoins and shitcoin prices for certain assets. After comparing all of the assets, we found that Tamadoge is a project most likely to offer investors rewards and utility.

It's a P2E game that offers TAMA tokens as rewards for players who look after their digital pets the best. Apart from the entertainment, Tamadoge enables investors to earn capital appreciation because of its token burn. The platform will burn 5% of tokens used for pet store purchases.

The project is now set for a listing on OKX on September 27, with prices  expected to soar after its extremely successful crypto presale saw $19 million raised in under eight weeks.

Buy TAMA on OKX

Buy TAMA on OKX DEX

FAQ

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?

We found Tamadoge to be not just another meme coin but one that offered rewards and utility. It's a P2E game enabling players to receive TAMA tokens as rewards for grooming their pets and raising them to adulthood. We also like that the game's developers plan to burn 5% of all token purchases in the store.

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.

Where can I buy shitcoins?

Investors wanting to buy one of the new coins with a successful presale can buy Tamadoge on OKX from September 27. Otherwise, investors can buy shitcoins on eToro. Some of the coins available on this exchange are Dogecoin, ApeCoin, Shiba Inu and Balancer. eToro offers more than 75 cryptocurrencies.