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 rapidly. So, is that this alternative to “get in on the subsequent meme inventory” earlier than it really turns into the subsequent 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 in regards to the coin itself. That’s as a result of this crypto venture isn’t engaged on a bigger mission. There is no such thing as a white paper outlining the venture’s roadmap or new expertise being constructed. The entire level of the venture 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 each day to sculpt a haven the place exhausting work births prosperity, whereas hanging concern 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 exhausting 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. In line with 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 way of Kendu Inu’s Twitter, I realized that a number of main occasions occurred round June 4th:

There’s probability that a number of folks noticed the billboard and acquired Kendu Inu which is what triggered the worth run-up. Or, folks noticed the information in regards to the Binance itemizing software and rushed to purchase the coin.

Worth run-ups may proceed if Kendu Inu retains gaining reputation. 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 case you purchase Kendu Inu coin then you definitely’re basically having a bet that this coin may turn 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 repute. In case you convey up this matter in dialog, most individuals will seemingly provide you with a small eye roll and alter the subject rapidly. Nevertheless, with BTC and ETH each getting accepted for ETFs, extra validity is coming to the area. It could solely be a number of extra years till investing in lesser-known cash begins to be thought-about a professional investing technique. It may even turn into just like angel investing.

At its core, shopping for new cryptocurrencies is a moonshot funding. In case you purchase a meme coin, you’re doing so with the hopes that it might 10X and even 100X your cash pretty rapidly. This technique is little completely different than angel investing, which entails 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 turn into the subsequent Fb (Nasdaq: META). Discovering this one winner makes up for all the opposite startups that fail.

After all, the largest distinction is that startups nearly at all times have a mission assertion, a services or products, and income (often). 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 traders use.

In terms of 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 subsequent meme coin can instantly make up for cash that you simply 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 group is small and rising extremely rapidly. It’s spectacular that the coin is already this well-known regardless of its younger age. In case you’re trying to discover the subsequent large meme coin then it’s actually guess. However, if you wish to purchase Kendu Inu coin it’s a good suggestion to solely accomplish that with cash which you can 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 rapidly. 

Moreover, beware that the Kendu Inu group intentionally tugs at folks’s FOMO (Concern 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 Guide. 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 a large 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. One of the simplest ways 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 an awesome video posted on reddit strolling by the whole arrange. 

I hope that you simply’ve discovered this text useful relating to studying about Kendu Inu. In case you’re keen on studying extra then please subscribe under 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, just isn’t a monetary advisor. Ted additionally didn’t personal Kendu Inu coin on the time of writing.