Altcoins
Shiba Inu mentions Altcoin that could reshape the SHIB universe
The Shiba Inu Ecosystem team highlights Kendu Inu (KENDU), an altcoin poised to reshape the SHIB universe.
The team revealed it in the 27th issue of its weekly, published on June 5.
Kendu Inu: the joker who reshapes the SHIB universe
According to the magazine, Kendu Inu is a memecoin themed after the Japanese Kai Ken dog breed. The team behind the token seeks to challenge convention by prioritizing identity and community over typical tokenomics.
Although Kendu embodies the relentless spirit of the Shiba Inu, it does not follow the model of other tokens in the ecosystem, which aim to burn SHIB and OS. The Kendu team, led by its pseudonymous founder, Kendu Miazaki, focuses first on building a strong brand and a cult following united by a shared vision before moving on to other responsibilities.
“We are one corner first, focusing on brand first […] You can have the best product in the world, but if no one knows about it, then…no one knows about it and no one will use it,” Miazaki remarked.
Community growth and vision
At the time of the magazine’s publication, Kendu had 6,000 X users. Interestingly, this number jumped to over 10,043 in the hours before press.
Kendu Inu is using a brand-first strategy to stand out in the already saturated memecoin space. It also aims to significantly contribute to the growth of the Shibarium ecosystem by bringing in new users and new ideas, which could help it realize its vision of a billion-dollar market capitalization.
Currently, KENDU boasts a market cap of $203.61 million, making it the 2,743rd largest crypto on CoinMarketCap. The token’s price was $0.0002048, down 9.38% in the last 24 hours. At the current price, KENDU is down 24.17% from its all-time high of $0.0002694 recorded on June 13, 2024.
Despite launching this year, KENDU has already been listed on major crypto exchanges including LBank, BitMart, and Poloniex. Data from CoinMarketCap shows that the token’s 24-hour trading volume decreased by 20.24% to $4.85 million.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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