Shiba Inu’s ecosystem team shines a spotlight on Kendu Inu (KENDU), an alternative cryptocurrency set to revolutionize the SHIB universe. This revelation was made in the 27th issue of their weekly publication released on June 5th.
Kendu Inu: The Game-Changer in the SHIB Universe
According to the publication, Kendu Inu is a meme coin inspired by the Japanese dog breed Kai Ken. The team behind this token is breaking the mold by placing a strong emphasis on identity and community rather than traditional tokenomics.
While Kendu embodies the same determined spirit as Shiba Inu, it takes a different approach compared to other tokens in the ecosystem that focus on burning SHIB and BONE. Led by the anonymous founder Kendu Miazaki, the Kendu team is dedicated to establishing a powerful brand and cultivating a loyal community before tackling other tasks.
“We are primarily a meme coin, prioritizing the brand above all else. You can have the best product in the world, but if nobody knows about it… nobody will use it,” Miazaki stated.
Community Expansion and Future Goals
At the time of publication, Kendu had garnered a following of 6,000 users. Remarkably, this number has surged to over 10,043 in the hours leading up to the current moment.
Kendu Inu employs a brand-centric strategy to differentiate itself in the crowded meme coin arena. It aims to play a significant role in the growth of the Shibarium ecosystem by attracting new users and innovative ideas, potentially leading to the realization of a billion-dollar market cap.
Presently, KENDU boasts a market cap of $203.61 million, ranking as the 2,743rd largest cryptocurrency on CoinMarketCap. The token was valued at $0.0002048, experiencing a 9.38% decline in the past 24 hours. At its current price, KENDU is down 24.17% from its peak of $0.0002694 on June 13, 2024.
Despite its recent launch, KENDU has already secured listings on major crypto exchanges like LBank, BitMart, and Poloniex. Data from CoinMarketCap indicates that the token’s 24-hour trading volume dropped by 20.24% to $4.85 million.
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