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While Hostgator shared hosting lets you host as many domains as you like and has unlimited bandwidth, you must watch out when the traffic to your domains is getting really high or you are hosting a script that takes a lot of CPU. Then they will ask you to switch to a VPS hosting or a dedicated hosting because there are many people hosting their websites on the same shared server as you and they can't let other clients websites suffer because your website is taking all the resources on the server.
In conclusion: As long as you don't own a high traffic website, Hostgator shared hosting does not have any limitations to you.
If you want to test out their service for free, use a coupon code when ordering shared hosting (the discount will give you the first month for 0.01$). Latest working Hostgator coupon codes can be found here:
http://www.getbest.info/hostgator-coupon/
I hope this help!
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