The Shiba Inu ecosystem lifts the curtain on Kendu Inu (KENDU), an altcoin poised to reshape the SHIB universe. The Ecosystem team announced this information in the 27th issue of the weekly magazine, published on June 5.
The joker that will change the Shiba Inu universe: Kendu Inu
According to the magazine, Kendu Inu is a meme coin themed around the Japanese dog breed Kai Ken. The team behind the token aims to challenge convention by prioritizing identity and community over typical tokenomics. While Kendu embodies the fierce spirit of the Shiba Inu, it does not follow the model of other tokens within the ecosystem that aim to burn SHIB and BONE. Led by pseudonymous founder Kendu Miyazaki, the Kendu team focuses on building a strong brand and a cult-like following united by a common vision before delving into other responsibilities.
Miazaki said, “First of all, we are a meme coin, our priority is the brand. “You can have the best product in the world, but if no one knows it…no one knows it and no one uses it,” he says. At the time of the magazine’s publication, Kendu had more than 6,000 users. Interestingly, this figure had risen to over 10,043 by press time. Kendu Inu uses a brand-focused strategy to stand out in the already saturated meme coin space. Additionally, it aims to contribute significantly to the growth of the Shibarium ecosystem by bringing new users and ideas to achieve its vision of reaching a billion-dollar market value.
What is the current situation?
Currently, KENDU is the 2,743 largest on CoinMarketCap with a market cap of $203.61 million. It is the next cryptocurrency. The token price was $0.0002048, down 9.38% in the last 24 hours. At its current price, KENDU is down 24.17% from its all-time high of $0.0002694 recorded on June 13, 2024. Despite being released this year, KENDU; LBank managed to be listed on leading cryptocurrency exchanges such as BitMart and Poloniex. CoinMarketCap data shows that the token’s 24-hour trading volume fell 20.24% to $4.85 million.
Kendu Inu’s launch and approach to the ecosystem has sparked controversy among crypto experts. Some experts praise Kendu’s community-focused approach and emphasis on brand awareness. Others are cautious about the uncertainty of its tokenomic structure and the fact that it does not contribute to the Shiba Inu’s burning mechanism. Kendu Inu is an ambitious meme coin ready to open a new page in the SHIB universe. The future of the token depends on the growth of its community, the success of its brand strategy, and its ability to contribute to an ecosystem that benefits in the long term. We will see in the coming period whether it is one of the factors that will shape the future of the SHIB ecosystem.
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