An experienced writer with practical experience in the fintech industry. When not writing, he spends his time reading, researching or teaching.
Have a look at the most popular Halloween-themed shitcoins that are on the rise this year.
Time and again, new crypto projects have been known to spring up around major events generating hype. This year’s Halloween has not been an exception, with many Halloween-themed shitcoins deployed. Like most shitcoins, these crypto tokens lack any identifiable purpose, real value, and the fundamentals that may guarantee their success.
Biggest Halloween-themed Shitcoins
One such project is the Halloween Token, which launched merely a few days before Halloween with a target market cap of $50 million and a price of $0.01. The Halloween token has no real use case and is solely focused on the event hype.
Another such shitcoin is the Halloween Spook, which launched in September on Binance Smart Chain (BSC). The project claims to be the scariest meme token on Binance Smart Chain (BSC). It also promotes the Halloween Elon (SINK) token, which was created based on a “let that sink in” meme by Elon Musk.
Halloween Wars Token is another interesting token that launched earlier in October. It’s interesting because it states its only intention is to “ride the hype of what many claim is the most exciting time of the year: halloween.” Despite this, the project has gained several followers on Twitter.
There is also Halloween BSC which has no goals for the investors. Halloween BSC recently posted on Twitter about a bull run that proved to be nothing but a concocted farce.
What to Do with Shitcoins?
Shitcoins are rarely good investments. Because they lack inherent value or use cases, their market price only rises for a few days. Except for Dogecoin, Shiba Inu, and a few others, shitcoins often become abandoned projects that end when the owner decides to cash out on profits and pulls the rug on investors.
Many people may be intrigued by stories of people like Glauber Contessoto who made a killing by investing in Dogecoin. Contessoto made $1,081,441.29 after investing his life savings of $180,000 into Dogecoin. That’s just one story that’s drowned out by countless others that resulted in huge losses to the investors.
If the aim is a long-term investment, Halloween-themed coins may not be the best route to go. Halloween will come and go. And then the Halloween-themed shitcoins will follow suit.