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Shitcoins are popularly used to describe trending and popular cryptocurrency tokens that offer enormous growth potential but no practical value. Shitcoins refer to cryptocurrencies that don’t have much utility but have made an impression on the market.
Some experts have compiled a list of coins that have sparked interest in the cryptocurrency industry. Today, we’ll identify and analyze the greatest shitcoins to buy now and the most undervalued crypto coins to invest in in 2023.
BEN coin
Ben was launched just two days after Binance announced that it would list Pepe, which resulted in the memecoin attaining a valuation of $1.8 billion. A considerable percentage of Ben’s early price movement was driven by hype and hypotheses.
However, as the Ben coin project aspires to become a utility, genuine results must be seen in order for the price to continue to rise. CoinGecko showed that the cryptocurrency’s ranking had plummeted after reaching the top 300. Visit our guide to the best altcoins to buy now for 2023 here.
Ben was numbered 540 on the list of the largest cryptos by market cap at the time of publication, with a total market valuation of $31,189,390. The altcoin was also trading at $0.000000073452 after losing 1.3% in the previous 24 hours. In addition to losing 0.2% against the dollar, BEN lost 0.2% against Bitcoin (BTC).
However, it was up 0.2% against Ethereum (ETH). Researchers believe Ben’s price will rebound from the current dip caused by the variables indicated in our price estimate. If it does recover, there is a considerable possibility that the project will make significant progress during its lifetime.
BEN coin price prediction
Altcoin Daily recently talked to crypto personality Ben Armstrong. Over the past few weeks, Armstrong has gotten a lot of criticism for joining BEN Coin (BEN). In the interview, he talked about how excited he was about BEN, which many people have called a scam project.
The controversial figure also talked about how the project works and how tokens are used. He even predicted that the coin would soon be one of the top 20 Web3 projects. His claim that it will be in the top 20 comes after the token made it to the top 300 cryptos list in just three days after it was released on May 8, 2023.
BitBoy says that most of the project’s actions and operations will be paid for by its liquidity pool, which will make the project money through trading fees. Along with the liquidity pool, there will be a decentralized autonomous organization (DAO) where BEN users can vote on how the money is spent.
The person with a lot of power said that the project’s governance should be set up in the next month. The project’s team members won’t be able to sell their BEN tokens until the project’s market cap hits $500 million, said the influencer. This is to protect investors. Also, the trading amount of the internal team will be limited to 1.5% of BEN’s total daily trading volume.
Refund Coin
RefundCoin is recently on the list of top trending tokens on DEXTools.io, with a price increase of more than 75% in the last day. More than $6.1 million in $RFD has been traded, with meme currency speculators keen to scoop up tokens before the next upward leg.
Furthermore, the number of $RFD holders has surpassed 9,200, demonstrating the token’s ongoing popularity. This demand seemed to have come out of nowhere, as $RFD has been in a continuous downturn since late May. Visit our guide to the best meme coins to buy here.
Fortunately for long-term investors, this slump has come to an end, and many $RFD bulls believe the token will recover to its May 23 highs. It appears premature to make that assumption, given that $RFD is trading 86% lower than these highs; however, the current increase in activity is undeniably a move in the right direction.
Is Refund Coin worth investing in?
Although the RefundCoin initiative is new, it already has the support of its own community. According to a number of cryptocurrency forums, RefundCoin does not have a clear roadmap, but the company is seeking to sell itself as a meme token.
Meme projects like RefundCoin are gaining popularity, but their underlying cryptocurrency is extremely volatile. Meme currencies are renowned for having volatile prices, and the RefundCoin is not currently listed on any major cryptocurrency exchanges.
1️⃣Reflection
2️⃣Patience
3️⃣Understanding https://t.co/53foVOSToj pic.twitter.com/xPDchBoN2Y— RefundCoin (@RefundCoinETH) June 11, 2023
Our price research reveals that investing in RefundCoin is a good long-term decision. Many cryptocurrency experts predict that the value of the RefundCoin will climb. A respectable one billion RFD tokens can ever be manufactured for use in The Refund.
Based on the technical analysis of the refund and the recent pumping, the long-term prospects look favorable. Remember that any financial commitment always has some level of risk. Cryptocurrencies are the most volatile and rewarding asset.
Pepe coin
Pepe Coin, the meme token that experienced incredible gains in May 2023, is once again making waves in the cryptocurrency market. When it was first released, Pepe Coin ($PEPE) sent shockwaves through the token markets, eventually hitting a peak value of about $2 billion.
Pepe’s meteoric rise of over 7,500% on May 5th has since calmed to a more manageable pace. Recent events, however, point to a period of renewed expansion. Pepe’s price increased by 6.8 percent in the last 24 hours, suggesting further price increases are on the horizon.
Even still, it’s possible that Pepe’s heyday is behind him. After a massive surge on May 5th, PEPE plunged to a low of $0.00000100, fighting off resistance at $0.00000150. However, things are looking up, suggesting that Pepe may yet stage another comeback.
That being said, hopes of a repeat performance are low. $PEPE stock may be a good long-term investment, but traders looking for higher returns should look elsewhere. You can improve your portfolio’s performance by diversifying into these new options instead of relying simply on the Pepe wave.
PEPE crumbles as SEC files lawsuit against Binance
The SEC charged Binance and its CEO with operating an illegal cryptocurrency exchange with billions of dollars in customer cash, deceiving investors, and failing to comply with securities laws. Binance and CZ faced 13 accusations in the case. Because Binance is one of the top platforms on the market, the announcement sent shockwaves through the crypto market.
Binance also hosts thousands of cryptocurrency pairs, including the PEPE/USDT combination. According to observers, many investors panicked and sold their PEPE coins, causing the price to drop by 15% following the revelation. Its market cap ranking and trade volume have also fallen.
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