In recent years, new currencies have emerged one after another in the crypto currency market. Among them, new meme coins such as DOGE, MONA, and SHIB appear every day, and some even grow rapidly, sometimes several thousand times in value.
In this article, we will introduce one of these meme coins, Kishu Inu, which has recently become a hot topic.
“What kind of coin is Kishu Inu?”
“Can I invest in Kishu Inu and can I expect its future?”
The content of this article is designed to answer these questions. If you are considering investing in meme coins or are concerned about the future of Kishu Inu, please take a look.
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What is Kishu Inu?
| Brand Name | Kishu Inu |
| Token Symbol | KISHU |
| Official page | https://kishu.com/ |
| telegram | https://t.me/KishuInuCommunity |
| discord | https://discord.com/invite/vJJQ5whs7e |
| https://twitter.com/inukishu | |
| https://www.instagram.com/inukishu |
Kishu Inu is an emerging crypto currency created in 2021.
It is based on the Japanese Kishu dog, and the name Kishu Inu comes from Mie to Wakayama Prefecture, where the Kishu dog was born.
It shares some similarities with SHIB and DOGE in that it is based on a dog motif, but what is definitely different from these issues is the excitement of the community.
Kishu Inu is a relatively new brand among meme coins, yet it is familiar to many users. Evidence of this is the number of registered users on social networking sites such as Instagram, Telegram, and Discord, with over 10,000 registered users. The fact that it is supported by so many users is one of Kishu Inu’s strengths.
This token is not listed on the main CEX. The only way to obtain it is through the DEX. Despite the fact that it is only available on the DEX, which is unfamiliar to crypto currency trading novices, the large number of holders is an example of successful social network marketing.
As of February 2023, its trading market ranking was 2701. This is a very high ranking among minor meme coins.
What is DEX?
A DEX is a decentralized exchange. It does not have a central administrator like a bank, and many crypto currencies are listed on it.
As long as the tokens have liquidity, transactions can be executed, so it is used as a trading method for emerging crypto currencies. It also has the advantage of low transaction costs, which is useful when you want to obtain minor tokens.
Although DEX has a very convenient aspect, it is not possible to trade in legal tender. Since transactions can only be concluded through the exchange of crypto currencies, it can be said that the exchange is a little difficult to use for beginners in crypto currency trading.
What is CEX?
A CEX, in contrast to a DEX, is an exchange where there is a central manager. CEXs include banks and major crypto currency exchanges.
Unlike a DEX, only crypto currencies with a certain degree of credibility can be listed, so most minor tokens cannot be traded.
However, since legal tender can be used for transactions and leveraged transactions are possible, this exchange is very easy to use for those who trade major tokens such as Bitcoin and Ethereum.
Features of Kishu Inu
Here are some of the features of Kishu Inu.
Kishu Inu is a project that provides a platform for crypto currency trading
Kishu Inu builds a DEX (decentralized exchange) based on UNISWAP. It provides a platform for crypto currency trading.
In the future, they will also develop an NFT marketplace (KISHU Crate) and merchandise sales (KISHU sWag), and according to their official roadmap, these platforms were reportedly already in the completion phase.
If you are interested in Kishu Inu’s DEX, you can access the application on the official page.
KISHU holders will receive incentives.
KISHU token holders will receive a 2% reward (incentive) for each active user transaction. So if Kishu Inu’s DEX is actively used, the holder will receive a lot of rewards.
The 2% incentive is a larger reward than other PoS (Proof of Stake), and many users support this system. The high incentive may be the reason for the constant popularity of this emerging currency.
It is said that there are over 100,000 KISHU holders at the moment, and the number of holders is expected to increase in the future.
Although it is an inexpensive currency at the moment, it is likely to have a good chance of rising in price in the future.
PoS (Proof of Stake) is a mechanism whereby a holder participates in the blockchain network by holding crypto currency. Participants can contribute to the maintenance of the blockchain network and are rewarded according to their contribution.
A strong community is being set up.
Kishu Inu is a crypto currency project that specializes in community activities; Kishu Inu’s community has gained a large number of fans by focusing on members’ opinions and repeatedly making improvements.
Most crypto currency and blockchain projects are driven primarily by the opinions of the holders of governance tokens. At Kishu Inu, however, community members’ opinions come first in determining project policy.
This is a revolutionary system in the progression of crypto currency projects and is a unique feature of Kishu Inu. When deciding on a project’s direction using governance tokens, the opinions of users with the highest percentage of tokens in their possession are given priority.
In other words, if a small number of users hold the majority of the governor’s tokens, the project will be centered on the users who hold the tokens. This makes it impossible for the project to proceed in a fair manner.
Kishu Inu, on the other hand, is centered on community members, so it is possible to fairly incorporate the opinions of active users.
This strategy has led to the acquisition of many fans, and Kishu Inu has become one of the most popular tokens.
Future Prospects for Kishu Inu
It is safe to say that Kishu Inu’s future potential is promising enough. There are three reasons for this
Incentives for holders
High versatility as it is an ERC-20 standard token
Unique marketing strategy
Of these, Kishu Inu’s marketing strategy in particular is very innovative and excellent.
Instead of advertising on external sites, Kishu Inu uses social networking sites and influencers for marketing.
Kishu Inu’s strong ecosystem of members makes it a perfect fit for social networking marketing, and this marketing strategy has worked well as Kishu Inu has exploded in visibility in the short time since its launch.
There are not many meme coins that can surpass Kishu Inu in terms of “awareness,” which is a major weapon for spreading the word about crypto currency. When crypto currency becomes more familiar to us in the future, the difference in awareness will directly affect the value of the tokens.
Even if Kishu Inu is not executing a major project, its constant popularity and active users make it a promising stock compared to other meme coins. If you are looking for a crypto currency with long-term growth potential, consider buying it!
Kishu Inu Price Trend
After a brief spike in price since its launch, Kishu Inu has been in a short-term uptrend since the beginning of 2023.
Since the beginning of 2023, Kishu Inu has been in a short-term uptrend. If this guess is correct, Kishu Inu has entered an uptrend from a short-term perspective.
Is now a good time to buy?
The answer to the question, “Is now a good time to buy Kishu Inu?
Although it may have entered an uptrend, Kishu Inu is not a stock to jump in and buy right away, as it repeatedly rises and falls sharply. Based on the price movements to date, the price should fall sharply after a certain amount of price appreciation.
What is the rationale for this? If you ask me, the answer is “because we suspect that users who have been holding the tokens since immediately after the launch will sell them.
Looking at the chart, users who held tokens immediately after launch and before the sharp drop will have a significant unrealized loss.
Since the price did not reach its highest point during the second price increase, many users will have been holding unrealized losses for a long period of time. Furthermore, the crypto currency market has been in a slump since the FTX incident, and there has been a move to liquidate positions currently held.
Considering all of these factors, we expect that there will still be a great deal of pressure for sell orders at present.
Therefore, when taking a new position, there is no need to think, “I must not miss the wave of this rise,” and I would like to enter the market after seeing a more definite rise. That is to say, you may wait until the price rises enough to exceed the previous high.
What is the FTX thing: As you may know, November 2022. FTX Trading, a major crypto currency trader with global operations, went out of business. As a result, related companies went under dominoes, and users who had deposited their crypto currency were unable to withdraw their funds. Witnessing this series of events, investors began to scale back their investments in crypto currencies. As a result of these developments, the crypto currency market has been in a downtrend for almost all stocks, and even now shows no signs of turning upward.
How to Buy Kishu Inu
Kishu Inu can be obtained from KISHU DEX, which is available on the official page.
Unfortunately, direct purchases like US dollar are not available, so those who are considering purchasing Kishu Inu should prepare crypto currency for exchange in advance.
We also recommend the use of bitcastle as a crypto currency for exchange.
bitcastle is a large crypto currency trading platform with over 250,000 users. Opening an account is completed by registering an email address, social networking service, and phone number, so it is perfect for those who want to start trading in a hurry.
Crypto currency purchases can be made by credit card; you can immediately trade KISHU by purchasing USDT, which can be used in KISHU DEX, with your credit card. If you have not yet opened an account, please take advantage of this opportunity.
[Summary]
Kishu Inu is a crypto currency that has attracted a great deal of attention for its low transaction fees using its proprietary DEX and the large incentives available to token holders.
Kishu Inu’s marketing strategy of bringing amateurism to a crypto currency that was once intended for professional investors and users familiar with crypto currencies has been very effective and has helped it gain attention.
Although it is still mainly trading for short-term value appreciation, it is still a stock with long-term growth potential compared to other meme coins. If you are interested in investing in crypto currency, it might be interesting to hold a small amount.