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 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 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 mission isn’t engaged on a bigger mission. There isn’t a white paper outlining the mission’s roadmap or new expertise being constructed. The entire level of the mission 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 day by day to sculpt a haven the place laborious work births prosperity, whereas hanging 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 laborious 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 line 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 means of Kendu Inu’s Twitter, I discovered that a number of main occasions occurred round June 4th:

There’s likelihood that a number of folks noticed the billboard and acquired Kendu Inu which is what brought on the value run-up. Or, folks noticed the information in regards to the Binance itemizing utility 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 group” and “hopefully all of us get wealthy.” If you happen to purchase Kendu Inu coin you then’re primarily having a bet that this coin may change 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 nasty status. If you happen to convey up this matter in dialog, most individuals will seemingly provide you with a small eye roll and alter the subject shortly. Nonetheless, with BTC and ETH each getting authorized 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 respectable investing technique. It may even change into much like angel investing.

At its core, shopping for new cryptocurrencies is a moonshot funding. If you happen to purchase a meme coin, you’re doing so with the hopes that it might 10X and even 100X your cash pretty shortly. 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 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 change 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 nearly all the time 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’ll be able to 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 essential 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. If you happen to’re seeking to discover the following large meme coin then it’s actually wager. However, if you wish to purchase Kendu Inu coin it’s a good suggestion to solely achieve this with cash that you could 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 shortly. 

Moreover, beware that the Kendu Inu group intentionally tugs at folks’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 try to manipulate buyers into shopping for Kendu Inu in hopes of incomes a large 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 best 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 incredible video posted on reddit strolling by way of the whole arrange. 

I hope that you simply’ve discovered this text priceless with regards to studying about Kendu Inu. If you happen to’re all in favour of 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, is just not a monetary advisor. Ted additionally didn’t personal Kendu Inu coin on the time of writing.