The term "shitcoin" refers to a coin that has no current use or apparent value. The term "altcoins" refers to cryptocurrencies that were developed in response to the success of Bitcoin. Shitcoins typically lose value due to a lack of investor interest because their pricing was based on speculation rather than solid foundations. As a result of their low value, they are regarded as poor investments.
Shitcoins have a distinct design that allows them to be easily identified. The initial release of a coin may generate a lot of interest, but the coin's price remains fairly consistent. When other investors jump on board, however, prices skyrocket in a matter of months or even weeks. As a result, the coin's value falls as investors rush to capitalise on short-term gains.