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 venture isn’t engaged on a bigger mission. There isn’t any 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 value 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 concern 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 ponder what they’re working so onerous 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 not too long ago. In response to CoinGecko’s value information, 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 attempt to discover a catalyst.

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

There’s probability that a number of individuals noticed the billboard and purchased Kendu Inu which is what precipitated the value run-up. Or, individuals noticed the information concerning the Binance itemizing software and rushed to purchase the coin.

Value 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 neighborhood” and “hopefully all of us get wealthy.” When you purchase Kendu Inu coin then you definitely’re primarily betting that this coin may turn into 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 repute. When you carry up this subject in dialog, most individuals will possible offer you 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 number of extra years till investing in lesser-known cash begins to be thought-about a reliable investing technique. It may even turn into just like angel investing.

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

In fact, the most important distinction is that startups virtually all the time have a mission assertion, a services or products, and income (often). 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.

In the case 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 following 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. When you’re trying to discover the following massive 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 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 (Worry 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 Guide. Even the Time’s Sq. billboard begins off with “Missed Shiba Inu?” All of this advertising and marketing is designed to attempt to manipulate traders into shopping for Kendu Inu in hopes of incomes an enormous return. Maintain this at the back of your thoughts when doing your personal 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 related pockets.

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

I hope that you simply’ve discovered this text worthwhile on the subject of studying about Kendu Inu. When you’re excited about studying extra then please subscribe under to get alerted of latest 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, just isn’t a monetary advisor. Ted additionally didn’t personal Kendu Inu coin on the time of writing.