I can add however many sites I like to my VPS until the VPS struggles to either cope (which I'm sure I could host a large number of sites before it does). godaddy probably limits your site to about 150-250 mb RAM, some low amounts of CPU units too. My site consumes about 1.5GB RAM at peak and transfers 200GB per month.
People pay a much larger amount for hosting and it comes with hosting popular and active sites.
Your 60$ with a host such as crocweb or innohosting would be much better spent but that's just my opinion. Those hosts don't lure customers with the promise of "unlimited". Nothing is unlimited Max.
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