Introduction

The month of March has been an outstanding month for many cryptocurrencies, particularly the top ten Cryptocurrencies and a few others that reached new highs during this month. Bitcoin for instance was able to reach a new yearly high in March at $29,184, while Ethereum soared to

$1852. This provided more opportunity for investors to Buy Dash (DASH) online or any other cryptocurrency of their choice.

On the contrary, the case has been quite different for some coins, particularly the shitcoins that lost so much value in March. This work therefore has highlighted the top ten losers on this list based on the data obtained from coinmarketcap.

What are Shitcoins?

“Shitcoins” is a slang term used to refer to cryptocurrencies that are considered to have little to no value or potential. These coins are often created as a joke or a quick money grab, with little to no innovation or technology behind them. Shitcoins are typically associated with pump-and-dump schemes, where a group of people artificially inflate the price of a coin and then sell it off quickly, leaving unsuspecting investors with worthless coins.

Top Ten Crypto Losers in March

Black Whale (BLK): BLK is a DeFi Digital Asset Management Protocol that allows users to mint ETF tokens which could be used to track an index of different coins across multiple exchanges. BLK witnessed a massive price crash losing over 99.99% of its value falling from its high of

$0.485681653 to a new low of $0.000000196. The coin is currently trading at three exchanges including: MEXC, XT.com, and Pancakeswap.

Source: Coinmarketcap

PumpEth (PETH): Peth is a shitcoin whose ownership is till the present moment not renounced. This means the owners can modify the contract behavior and agreement for this coin. PETH lost over 99.99% of its value in March and is currently only available for trading at Pancakeswap.

Defitankland Community (DFTL): DFTL is a shitcoin created as a gaming coin that creates a win-win for everyone.

This coin lost over 99.99% of its value in March and is currently only available for swapping at OreoSwap.

Degen: Degen is a shitcoin designed to seek alpha via higher risk/reward for emerging projects. This coin however lost over 99.99% of its value in March with its value crumbling to dust.

Shibone: Shibone is a Defi token on the Ethereum network. This coin saw a great crash in March losing over 99.99 of its value. The ownership of this

coin is still not renounced which means the owners can easily remove its liquidity.

Chain Relay Network (CRLN): CRLN is another shitcoin whose owners still retain the right to modify its contract address and to remove the liquidity at will. This coin lost over 99.90 of its value in March.

Point Coin (POINT): Point has been designed as an application which serves for payment and rewards. This coin lost over 99.78% of its value in March and can be considered a shitcoin.

Biu Coin Community (BIU): Viu is a shitcoin designed to mimic Dogecoin, Shiba, and Bonk tokenomics. This coin lost over 99.75% of its value in the last 30 days.

ARTE: Arte is a shitcoin with a buyback and burn mechanism. This coin lost over 99.74% of its value in March.

Gemstone (GEM): Gem is a shitcoin designed as a gaming token. This coin witnessed a significant crash in March losing over 99.62% of its value.

Conclusion

The massive price crash for the majority of the shitcoins has highlighted the need for focusing on established projects with a strong track record of resilience and able to withstand all market conditions.