shitcoin

noun

shitcoin

noun

Etymology Blend of shit + Bitcoin.

1

Derogatory, Slang, Vulgar A cryptocurrency of little or unclear value.

But, against what many people shout about on Reddit, not every altcoin is a "shitcoin."2017 December 12, Matthew Hrones, “Three Altcoins Crypto Investors Should Keep an Eye On”, in Bitcoinist:
There's bitcoin, and then there's shitcoin.2019 July 18, Ben Brown, quoting Rep. Warren Davidson (R-OH), “'There's Bitcoin and Then There's Shitcoin (Libra)'. Congress Finally Gets It”, in Yahoo! Finance:

1 more example

Crypto derivatives platform FTX has perhaps the most speculative and oddly-named futures index fund on the market: SHIT-PERP, or the Shitcoin Index Perpetual Futures.2019 August 1, William Foxley, “Crypto Exchange Launches 'Shitcoin Futures Index,' Offering New Way to Short Alts”, in CoinDesk, archived from the original on 04 Aug 2019:

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.