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 group 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 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 undertaking isn’t engaged on a bigger mission. There isn’t any white paper outlining the undertaking’s roadmap or new know-how being constructed. The entire level of the undertaking is simply to draw customers in order that the coin’s value surges.

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

“Conjures up his military of loyalists day by day to sculpt a haven the place exhausting work births prosperity, whereas hanging 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 exhausting on since there doesn’t appear to be any sort of roadmap in any respect.

Regardless of this lack of a roadmap, Kendu Inu’s value has soared just lately. In accordance with CoinGecko’s value 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 Kendu Inu’s Twitter, I discovered that a couple of main occasions occurred round June 4th:

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

Value run-ups might 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 group” and “hopefully all of us get wealthy.” In the event you purchase Kendu Inu coin then you definately’re basically having a bet that this coin might turn out to be the following 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 foul status. In the event you carry up this subject in dialog, most individuals will possible provide you with a small eye roll and alter the subject shortly. Nonetheless, with BTC and ETH each getting authorised for ETFs, extra validity is coming to the house. It might solely be a couple of extra years till investing in lesser-known cash begins to be thought of a respectable investing technique. It might even turn out to be much like angel investing.

At its core, shopping for new cryptocurrencies is a moonshot funding. In the event you purchase a meme coin, you’re doing so with the hopes that it might probably 10X and even 100X your cash pretty shortly. This technique is little totally different than angel investing, which includes investing in startups. With angel investing, enterprise capitalists place bets on dozens of early-stage firms. 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 turn out to be 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 nearly at all times have a mission assertion, a services or products, and income (normally). Kendu Inu coin doesn’t have any of this and doubtless by no means will. However, you may nonetheless borrow the identical investing technique that angel buyers use.

In relation to shopping for meme cash, it’s a good suggestion to allocate a small share 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 simply lose on different unhealthy bets. However, this brings me to my most vital level.

Solely Make investments Cash That You Can Afford to Lose

The Kendu Inu group is small and rising extremely shortly. It’s spectacular that the coin is already this well-known regardless of its younger age. In the event you’re seeking to discover the following large meme coin then it’s actually guess. However, if you wish to purchase Kendu Inu coin it’s a good suggestion to solely achieve this with cash that you would be able to 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 group 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 is designed to try to manipulate buyers into shopping for Kendu Inu in hopes of incomes an enormous return. Maintain this behind your thoughts when doing your personal 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 linked pockets.

Right here’s a terrific video posted on reddit strolling via all the arrange. 

I hope that you simply’ve discovered this text invaluable in the case of studying about Kendu Inu. In the event you’re concerned about studying extra then please subscribe beneath to get alerted of latest 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 writer, Ted Stavetski, is just not a monetary advisor. Ted additionally didn’t personal Kendu Inu coin on the time of writing.