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 a superb alternative to “get in on the following meme inventory” earlier than it really 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 in regards to the coin itself. That’s as a result of this crypto challenge isn’t engaged on a bigger mission. There is no such thing as a white paper outlining the challenge’s roadmap or new know-how being constructed. The entire level of the challenge 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 arduous 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 arduous 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. Based on CoinGecko’s worth 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 worth motion began round June 4th, so I did some analysis to attempt to discover a catalyst.

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

There’s a superb likelihood that plenty of individuals noticed the billboard and acquired Kendu Inu which is what precipitated the worth run-up. Or, individuals noticed the information in regards to the Binance itemizing software 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.” In the event you purchase Kendu Inu coin then you definately’re basically betting that this coin might 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 fame. In the event you convey up this matter in dialog, most individuals will probably 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 might solely be a couple of extra years till investing in lesser-known cash begins to be thought-about a authentic investing technique. It might even turn into 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 may possibly 10X and even 100X your cash pretty rapidly. 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 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.

After all, the most important distinction is that startups virtually at all times 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 possibly can nonetheless borrow the identical investing technique that angel traders use.

Relating to 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 simply lose on different dangerous 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. In the event you’re trying to discover the following huge meme coin then it’s actually a superb wager. However, if you wish to purchase Kendu Inu coin it’s a good suggestion to solely accomplish that with cash that you may afford to lose. Keep 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 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 attempt 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. 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 important video posted on reddit strolling by way of the whole arrange. 

I hope that you simply’ve discovered this text helpful on the subject of studying about Kendu Inu. In the event you’re keen on 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 creator, Ted Stavetski, isn’t a monetary advisor. Ted additionally didn’t personal Kendu Inu coin on the time of writing.