The SHIB universe is abuzz with the emergence of Kendu Inu (KENDU), an altcoin themed after the Kai Ken, a Japanese dog breed. Unlike typical cryptocurrencies that primarily focus on technical tokenomics from the onset, KENDU distinguishes itself by playing on the identity and sentiment of its growing community. The pseudonymous founder, Kendu Miazaki, believes in cultivating a robust brand and a devoted following with a collective vision before expanding the coin’s utility.
Kendu Inu is not just a tale of community-driven success but also one of remarkable growth. At the time of publication, the following had exploded from 6,000 to more than 10,043 users, signaling a rapidly growing interest in what this new altcoin has to offer. Surprisingly, KENDS’s reach doesn’t end here. With a market capitalization of $203.61 million, it’s jockeying for position among the myriad of cryptocurrencies out there, ranked as the 2,743rd largest crypto by CoinMarketCap.
Although KENDU’s price at $0.0002048 represents a dip of 9.38% within the past 24 hours and a 24.17% fall from its all-time high of $0.0002694 recorded on June 13, 2024, market volatility has done little to dampen the enthusiasm around the coin. The sharp rise in its user base bears testament to the belief that many hold in the underlying value proposition of KENDU – a testament to brand strength and community support over immediate financial gains.
Achieving major listings on prominent crypto exchanges such as LBank, BitMart, and Poloniex within the same year of its launch showcases the appeal and perceived potential of Kendu Inu. This not only provides the token with essential liquidity but also opens up avenues for accessibility to a broader investor base.
Despite the 24-hour trading volume showing a decrease of 20.24% with $4.85 million traded, these numbers indicate a significant engagement and a sustained interest from the trading community. Such volume, coupled with listings on major exchanges, paints a promising picture for KENDU’s liquidity and the community’s trading activity.
Looking ahead, KENDU’s path seems aligned with that of Shiba Inu’s – starting as a memecoin but with aspirations that transcend typical market expectations. With a clear emphasis on identity, community, and gradually building out its ecosystem, KENDU is poised to reshape the way investors view the possibilities within the SHIB universe, proving that even memecoins can harbor the potential for significant impact in the cryptosphere.
