Shiba Inu’s official Journal The Shib questions whether or not Kendu Inu (KENDU) has the potential to grow to be the primary memecoin to hit a market cap of $100 billion.
Shiba Inu raised the query in an X publish yesterday, attaching a hyperlink to a weblog publish that supplied solutions.
Can @KenduInu the primary $100B memecoin?
Discover Reply 👇https://t.co/bhizPAC3xs
— The Shib (@TheShibmagazine) August 12, 2024
In keeping with the weblog publish, Shiba Inu famous that Kendu Inu, which initially launched as a memecoin, goals to clinch the $100 billion valuation.
A Daring Step
It said that Kendu deliberate to attain this intention by specializing in the NFT area following the launch of the Kendu Chads NFT Market. Curiously, Shiba Inu characterised this transfer as a daring step that would transition Kendu from its memecoin origin.
The weblog publish highlighted Kendu’s method, prioritizing community-driven values over speedy progress. That is additionally mirrored in Kendu’s not too long ago launched NFT Market, which adopts a revenue-sharing mannequin that advantages KENDU holders.
How Kendu Group Plans to Drive Adoption for Its Market
Within the meantime, Kendu’s pseudonymous founder, Kendu Miazaki, is assured that {the marketplace} will achieve widespread adoption. Miazaki’s assertion comes amid rising concern about whether or not the memecoin-backed NFT Market may appeal to high quality creators.
The founder recognized Kendu’s group assist as a serious benefit the NFT Market has over different platforms. Kendu goals to draw the backing of different communities by utilizing a portion of {the marketplace} charges to assist different tasks like Shiba Inu. Particularly, Miazaki intends to make use of a part of the charges to amass SHIB.
It stays to be seen whether or not Kendu’s method may redefine the NFT panorama, thus doubtlessly serving to the token grow to be the primary memecoin to hit a $100 billion market cap.
$100 Billion Market Cap Debate
Because the memecoin market continues to achieve reputation, crypto lovers have been embroiled in a debate relating to which meme-based token would first obtain the $100 billion valuation. This debate has been restricted to the favored names within the memecoin market, together with Dogecoin (DOGE) and Shiba Inu (SHIB).
DOGE and SHIB emerged as favorites on account of their earlier successes available in the market. Nonetheless, Shiba Inu believes Kendu may grow to be the primary memecoin to hit the $100 billion valuation.
Within the meantime, KENDU sits within the 2,739th spot within the world crypto rating, with a market cap of $100.36 million. Priced at $0.0001001, KENDU has a circulating provide of 996.75 billion tokens. At press time, the worth of KENDU is up 15.01% over the previous day.
