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 soar, 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 a great 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 in regards to the coin itself. That’s as a result of this crypto undertaking isn’t engaged on a bigger mission. There is no such thing as a white paper outlining the undertaking’s roadmap or new expertise being constructed. The entire level of the undertaking 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 each day to sculpt a haven the place exhausting 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 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 worth has soared lately. In accordance 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 discovered that a couple of main occasions occurred round June 4th:

There’s a great likelihood that numerous individuals noticed the billboard and purchased Kendu Inu which is what induced the value run-up. Or, individuals noticed the information in regards to the Binance itemizing utility and rushed to purchase the coin.

Value run-ups might 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.” When you purchase Kendu Inu coin you then’re primarily having a bet that this coin might 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 status. When you deliver up this matter in dialog, most individuals will possible provide you with a small eye roll and alter the subject rapidly. Nevertheless, with BTC and ETH each getting permitted 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 of a legit investing technique. It might even develop into much 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 may well 10X and even 100X your cash pretty rapidly. 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 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 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 doubtless by no means will. However, you’ll be able to nonetheless borrow the identical investing technique that angel buyers use.

In terms 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 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 rapidly. 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 a great 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 rapidly. 

Moreover, beware that the Kendu Inu group 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 and marketing is designed to try to manipulate buyers into shopping for Kendu Inu in hopes of incomes an enormous return. Maintain this at the back of 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 related pockets.

Right here’s a terrific video posted on reddit strolling by means of the complete arrange. 

I hope that you just’ve discovered this text worthwhile with regards to studying about Kendu Inu. When you’re involved in studying extra then please subscribe under to get alerted of recent investing alternatives from InvestmentU.

Disclaimer: This text is for normal 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.