For me a shitcoin is a coin who doesn't have any utility, just speculation, scam projects with sketchy team, memecoins...

Monero have a utility for privacy, the transactions are anonymous and can't be traced, by default on-chain. There is a small inflation on Monero forever. So it's not a good coin for a store of value. It's best use is for buying and selling stuffs in a private way.