Kendu Inu coin has spiked 300% since June 2024, a surprisingly quick transfer contemplating the coin simply launched in April 2024. However, regardless of this leap, the mainstream monetary media nonetheless has not talked about Kendu Inu. The neighborhood is pretty small however seems to be rising shortly. So, is that this alternative to “get in on the following meme inventory” earlier than it truly turns into the following meme inventory? Listed here are my ideas.

What’s Kendu Inu Coin? 

After diving into Kendu Inu’s web site and social media pages, there actually isn’t a lot to say concerning the coin itself. That’s as a result of this crypto challenge isn’t engaged on a bigger mission. There isn’t any white paper outlining the challenge’s roadmap or new know-how being constructed. The entire level of the challenge is simply to draw customers in order that the coin’s worth surges.

On its web site, Kendu Inu’s mission assertion says that Kendu

“Evokes his military of loyalists every day to sculpt a haven the place onerous work births prosperity, whereas putting worry within the hearts of jeets. Witness the epic rise of Kendu Inu, the following billion-dollar meme ecosystem.”

Huh. The web site additionally states, “We don’t gamble. We work.” I’m wondering what they’re working so onerous on since there doesn’t appear to be any kind of roadmap in any respect.

Regardless of this lack of a roadmap, Kendu Inu’s worth has soared lately. Based on CoinGecko’s worth knowledge, Kendu Inu coin surged from $0.00005 in early June 2024 to $0.0002 as of mid-June – a motion of roughly 300%. The worth motion began round June 4th, so I did some analysis to try to discover a catalyst.

By Kendu Inu’s Twitter, I discovered that a couple of main occasions occurred round June 4th:

There’s likelihood that plenty of individuals noticed the billboard and acquired Kendu Inu which is what prompted the worth run-up. Or, individuals noticed the information concerning the Binance itemizing utility and rushed to purchase the coin.

Worth run-ups may proceed if Kendu Inu retains gaining recognition. However, to be clear, Kendu Inu doesn’t appear to have any long-term roadmap outdoors of “develop the neighborhood” and “hopefully all of us get wealthy.” If you happen to purchase Kendu Inu coin then you definately’re primarily betting that this coin may develop into the following Doge, Shiba Inu, or Bonk coin. However, that doesn’t imply that you just shouldn’t purchase it.

Leveraging Moonshot Investments

Investing in cryptocurrency nonetheless tends to get a foul repute. If you happen to carry up this matter in dialog, most individuals will probably offer you a small eye roll and alter the subject shortly. Nonetheless, with BTC and ETH each getting accepted for ETFs, extra validity is coming to the area. It might solely be a couple of extra years till investing in lesser-known cash begins to be thought-about a authentic investing technique. It may even develop into much like angel investing.

At its core, shopping for new cryptocurrencies is a moonshot funding. If you happen to purchase a meme coin, you’re doing so with the hopes that it may well 10X and even 100X your cash pretty shortly. This technique is little completely different than angel investing, which includes investing in startups. With angel investing, enterprise capitalists place bets on dozens of early-stage corporations. They know that  90% of the businesses they spend money on will fail. However, they’re hoping that only one startup out of ten will develop into the following Fb (Nasdaq: META). Discovering this one winner makes up for all the opposite startups that fail.

In fact, the largest distinction is that startups virtually all the time have a mission assertion, a services or products, and income (normally). Kendu Inu coin doesn’t have any of this and possibly by no means will. However, you may nonetheless borrow the identical investing technique that angel traders use.

On the subject of shopping for meme cash, it’s a good suggestion to allocate a small proportion of your portfolio to early-stage cash in hopes of incomes an outsized return. Getting in early on the following meme coin can instantly make up for cash that you just lose on different dangerous bets. However, this brings me to my most essential level.

Solely Make investments Cash That You Can Afford to Lose

The Kendu Inu neighborhood is small and rising extremely shortly. It’s spectacular that the coin is already this well-known regardless of its younger age. If you happen to’re seeking to discover the following large meme coin then it’s actually wager. However, if you wish to purchase Kendu Inu coin it’s a good suggestion to solely achieve this with cash that you may afford to lose. Bear in mind, any asset that may rise 300% in a single month can fall 300% in a single month simply as shortly. 

Moreover, beware that the Kendu Inu neighborhood intentionally tugs at individuals’s FOMO (Worry of Lacking Out). Its Twitter web page is loaded with feedback about the way you “don’t need to miss out”, “shopping for Kendu Inu will make you wealthy”, and different quotes that sound like they’re straight out of the Stratton Oakmont Gross sales Handbook. Even the Time’s Sq. billboard begins off with “Missed Shiba Inu?” All of this advertising is designed to try to manipulate traders into shopping for Kendu Inu in hopes of incomes an enormous return. Hold this behind your thoughts when doing your individual due diligence.

So, How Do you Purchase Kendu Inu?

Kendu Inu is traded on decentralized exchanges proper now. The easiest way to buy is to make use of uniswap and commerce Shiba/ETH pairing. 

Merely, join Uniswap with both your MetaMask, WalletConnect, or Coinbase pockets, choose the promote quantity for ETH and recieve your Kendu in your related pockets.

Right here’s an incredible video posted on reddit strolling by your entire arrange. 

I hope that you just’ve discovered this text priceless in the case of studying about Kendu Inu. If you happen to’re occupied with studying extra then please subscribe beneath to get alerted of recent investing alternatives from InvestmentU.

Disclaimer: This text is for common informational and academic functions solely. It shouldn’t be construed as monetary recommendation because the creator, Ted Stavetski, is just not a monetary advisor. Ted additionally didn’t personal Kendu Inu coin on the time of writing.