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Kind regards dear community I am going to perform the task of professor @nane15 to explain my general understanding.

1.Explain your understanding of what a Shitcoin is.

Shitcoin coins refers to a shit coin or shit coin colloquially speaking really are coins that have no purpose in the network where it is operating and has no commercial purpose many scammers use them to inflate them and then sell their reserves we are mostly talking about the developers I have seen it time and time again in the NFT games that became popular thanks to Axie Infinity that started with a very big explosion until it reached a few cents on the dollar value of its token.

They say that all coins that are below 1$ American are Shitcoin therefore any asset be it coin or token that is below this are called shitcoin. and these are not very well regarded in the digital ecosystem.

You must as soon as a shitcoin arises as what happened with Doge or shiba inu that had no value and gave a 360 degree turn driving not only their coins but also other coins of the same value and even coins that came out later with similar names as baby doge coin (babydoge) which is currently at a price of 0.00000000329 its maximum was at 0.0000000651 currently with a market cap of $885,406,781.34.

We can understand that some users believe that the shitcoin are cryptocurrencies of a penny or less but the reality is that the shitcoin are coins that have no value at the time they are created and these to have some function whatever it is already become a project and could earn whoever owns them incredible sums of money.

2.Do you think it is possible to make a profit by investing in Shitcoins?

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the truth in answers to this question where he talks about whether I believe it is possible to make a profit by investing in a shitcoins is yes. for its value so low and ridiculously insignificant we can get large sums of money with a low investment if and only if some factors are eligible for this is not that we will win in all shitcoin imagine we are in a betting game and we bet on the best horse and this wins well we will take a profit if we get the best shitcoin of the moment. example betting on babydoge at the beginning and get about 10 or even 20x profit with a few $. is something already quite lucrative but like this there are rules that must be followed to the letter.

Example a year ago invest in 3 shitcoin of which 1 of those generated me very good income the other two went to scam but the truth was little investment because you have to risk what you are willing to lose. in fact with only 1 shitcoin that went to the moon I got what I lost in the other two shitcoins and got more benefits than I thought. so my answer to this question is yes .

How to make money investing in Shitcoin pay close attention to fundamental analysis how is this? look at all their social networks investigate if they have any future project in mind look at the name and followers of social networks like telegram twitter and facebook so they generate in discord we can see the users interacting in the ecosystem and draw a conclusion also you have to look at the next and most important factor the technical analysis if you see a green candle high forget about that shitcoin is not for you at that time because it already got its FOMO and I am more than sure that if you get to invest when the fomo is high you will lose your money. I have said this in my #Cryptovagos videos where I explain in video the technical and fundamental analysis not only of cryptocurrencies but of tokens in general that many do not dare to do because of the high volatility of the market.

actually I invested in that cryptocurrency was $ 60 and I got $ 1000 in the other coins I put $ 100 and $ 80 in the other coin so the total profit obtained in that transaction in 3 months was $ 760 gross profit as I got out on time at the top when I saw the moving averages showing me the pattern of the cross of death. or downtrend.

3.List the advantages and disadvantages of investing in Shitcoins.

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Advantages:

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-Profits are extremely lucrative if the asset pumps.

-The value is very low so you can buy several thousand or even millions of assets with little capital.

-Value can go from between 15x to 20x even more than 30% depending on where you entered.

-They are very sensitive to influencers such as Elon Muck for example doge and shib inu.

Disadvantages:

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-Unfortunately scammers manipulate the market as they take advantage of users to extract liquidities with techniques such as compound man among others.

-Early investors are the ones who profit faster than novice investors who can be trapped for months even years in the market.

-It is very prone to whale activities where they are the first to enter to create the Fomo and then leave with everything.

-Many users enter to make a profit and leave when the price rises, abruptly and quickly, causing the currency to lose value and panic throughout the ecosystem, which causes nervous sales and therefore the damage is sometimes irreversible.

4.Give at least 3 examples of Shitcoin that have been a scam, explain also what they consisted of.

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I will talk about several shitcoin that were a real scam.

1 Pig Finance: is a token in the Bsc network, which was created for the purpose of burning token for each transaction ie each transaction would burn 2% was called the first deflationary token in the world ( the black hole) therefore had innovative features (auto-liquidity) offered security against whales that did not meet, blocked liquidity also did not compile it really remained as a scam or scam.

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2 SALT: It is a token that was launched in 2016 was a lending platform this offered backups in credits for cryptocurrencies the platform accepted all types of deposit from BTC to token as Doge imanense that after costing 8$ in the market reached dramatically 16$ here is where the scam starts supposedly I understand that the team working on the project abandoned and took out liquidities the price fell to 0. 3$ so right now it kept going down to 0.11 cents on the dollar. something very blatant on the part of those developers.

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3 BABY DOGE es una shitcoin basada en la red de BSC de estafa aprovechándose del bom y del existo que ha tenido Doge estos desarrolladores lanzaron la moneda para estafar personas o usuarios que tienen poco o nada de conocimiento de las criptos fue lansado por la influencia de doge coin para distraer confundir a todas los usuarios distraidos y sacarle la liquidez como lo hicieron en las demas shitcoin que ya menciona anteriormente.

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5. Explain at least two examples of Shitcoin that have been successful and currently maintain it. (Other than Dogecoin or Shibainu).

with reference to this question I have a very good one that I still own I have already sold and bought and bought back it is FLM a sub $1 coin with a very good project currently FLM price $0.31 with a Market Cap $47,683,654.34 and ranked #594 on coinmarketcap .

Their website https://flamingo.finance/

FLM is a liquidity provider platform offering this way to obtain benefits within the platform we can find a calculator where we can calculate the profits from 100$ up to 10.000$ of replantation with the total momentum.

For example if you replace yourself with 1000$ the monthly profit would be 71$ while the annual profit would be 873$, this is good to have the money there without doing anything.

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Data from coinmarketcap.

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The second coin I have is Floki inu: it comes from the shib inu fever and the developers took the name of Elon Musk's dog THE price at which it is right now is due to the projects that the developers called utilities want to have a NFT game in the metaverse, they also talk about having a market for their nft called Floki lastly and the most important project is a center called floki inuversity to educate users who require it. this opened the doors to many investors worldwide so the coin right now has a value of $0.00007059 is very good to buy the truth I will continue buying little by little.

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6.Perform a historical analysis of the prices of any of the cryptocurrencies you chose in the previous question. (Use screenshots).

The analysis will be for the FLM coin was launched on September 23, 2020 by the NEO ecosystem launching the Defi FLM reaching a liquidity of $1.6 billion at launch the token was at $0.29 at launch staying in that range and oxylating between $0.29 and $0.12 for several months when it started to rise reaching on February 2 at $0. 62 and then went down again and had a potential trend reversal reaching its all time high of $1.10 per token in open 2021 then as time went by it corrected to its low of $0.3 on July 18, 2021 and currently we see it back to those values at $0.31 per token and is currently in a buy position as it is in RSI oversold.

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7. Based on your analysis above, what do you think the cryptocurrency price development will be for this year? Be creative in explaining.

In the Weekly technical analysis.

You can see a moderate strength to the daily downtrend, therefore we have to be very vigilant as it is in the most important support activate the stop losses to buy lower more token if it would come to fall from that support we will see the dinal of that red candle that was formed if it does not break the support we have great possibility that the market trend will change and have that movement with strength to the upside to try to break the previous resistances that are quite important as well. If it touches the average and closes above the 50MA the ADX remains stable or turns down the range then we have more chances that the trend will change.

But as long as it stays that way the trend is bearish for the weekly moderate so we can have a few months answering the question maybe 3 more months of bearish trend taking points of ranges and wait for the next move we have to be attentive to the daily and 4h charts to determine the next move therefore to finish this question the trend will remain if it continues the candle close in red down for several more months maybe 2 or 3 months. diendo even fall in that important range and not break important supports as where we are right now.

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Conclusion

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Finally we have in mind that the shit coin are a gold mine for those who know what they do therefore for me there are two types of shit coin one that brings solid projects or perhaps for the future or that can draw attention at the beginning and take much liquidity and thus get more benefits and our capital can grow smoothly. the other shit coin as for example PIG are tokens that have no commercial value has no future and no projects perhaps by abandonment or scams but either are shitcoin coins as the same word describes it.

Finishing this arduous task of hours of work and effort we can determine that investing in these shitcoin coins is very risky and you can lose all your capital so first determine how much you are willing to lose as these shitcoin will look like a long or very short term bet everything depends on the method of developers to increase popularity and create marketin called (Fomo).

for @nane15

by @laser145