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 bounce, 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 a great alternative to “get in on the subsequent meme inventory” earlier than it really turns into the subsequent meme inventory? Listed below 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 mission isn’t engaged on a bigger mission. There isn’t any white paper outlining the mission’s roadmap or new know-how being constructed. The entire level of the mission 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

“Conjures up his military of loyalists every day to sculpt a haven the place arduous work births prosperity, whereas placing worry within the hearts of jeets. Witness the epic rise of Kendu Inu, the subsequent billion-dollar meme ecosystem.”

Huh. The web site additionally states, “We don’t gamble. We work.” I’m wondering what they’re working so arduous 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 value motion began round June 4th, so I did some analysis to try to discover a catalyst.

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

There’s a great likelihood that plenty of individuals noticed the billboard and purchased Kendu Inu which is what brought about 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.” For those who purchase Kendu Inu coin you then’re basically having a bet that this coin may develop into the subsequent Doge, Shiba Inu, or Bonk coin. However, that doesn’t imply that you simply shouldn’t purchase it.

Leveraging Moonshot Investments

Investing in cryptocurrency nonetheless tends to get a nasty fame. For those who carry up this matter in dialog, most individuals will possible offer you a small eye roll and alter the subject shortly. Nonetheless, with BTC and ETH each getting permitted for ETFs, extra validity is coming to the house. It could solely be a number of extra years till investing in lesser-known cash begins to be thought of a legit investing technique. It may even develop into much like angel investing.

At its core, shopping for new cryptocurrencies is a moonshot funding. For those who purchase a meme coin, you’re doing so with the hopes that it may 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 subsequent Fb (Nasdaq: META). Discovering this one winner makes up for all the opposite startups that fail.

After all, the most important distinction is that startups nearly 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’ll be able to nonetheless borrow the identical investing technique that angel traders use.

In the case 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 subsequent meme coin can instantly make up for cash that you simply lose on different unhealthy bets. However, this brings me to my most necessary 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. For those who’re trying to discover the subsequent massive meme coin then it’s definitely a great wager. However, if you wish to purchase Kendu Inu coin it’s a good suggestion to solely achieve this with cash you could 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 (Concern of Lacking Out). Its Twitter web page is loaded with feedback about the way you “don’t wish 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 and marketing 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 ideal video posted on reddit strolling by the whole arrange. 

I hope that you simply’ve discovered this text helpful in relation to studying about Kendu Inu. For those who’re enthusiastic about studying extra then please subscribe under to get alerted of recent investing alternatives from InvestmentU.

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