Another day, another meme-based cryptocurrency making waves. The newest one is called Kishu Inu — or “KISHU” for short — and it’s literally based on another dog breed.
What is KISHU?
KISHU is a dog-based meme cryptocurrency that uses the Kishu Inu dog breed as its mascot, similar to how Dogecoin uses the Shiba Inu dog for its own branding.
- The cryptocurrency said it was created because a lot of meme coins don’t have a proper vision for the future. KISHU hopes to be more than a meme or a joke and act as a true currency.
- Per InvestorPlace.com, the new cryptocurrency “is plotting on being the dog coin with the most longevity down the line, and it appears to be making a case for itself with investors.”
KISHU is currently available on some cryptocurrency wallet apps that uses WalletConnect, like Metamask, TrustWallet and Coinbase Wallet, Newsweek reports.
- People can also buy KISHU using cryptocurrencies like Etheruem, according to Newsweek.
What is KISHU worth?
Right now, KISHU is worth about $0.00000001, per InvestorPlace.com. The coin has jumped 100% in the last day.
- That’s not a huge amount of value, but if you invest a lot, it could be a big jump if the value increases and the market falls your way. Nothing is guaranteed when it comes to those markets, though.
Should you invest in KISHU?
Just know the market is volatile. Adrian Zduńczyk, co-founder of analysis group YellowBlock, told Newsweek that cryptocurrencies like Kishu Inu and Shiba Inu are riding the hype of coins like Dogecoin.
- “The space has recorded an increase in the number of over-hyped coins which brought a lot of suffering to the investors due to so-called ‘rug pulls’ or bubble bursts,” he said.
- “Shiba Inu, Kishu Inu, and UnderDog seem to have been created as another edition of hype-riders which are supposed to use the demand for already over-hyped Dogecoin,” he added. “No matter (if) it’s true or not, traders should always take special caution against anonymous projects.”
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