Kishu Inu: Is it worth the investment?
The Kishu Inu coin is a cryptocurrency commonly referred to as KISHU. The currency is said to be influenced by Dogecoin, which is another meme-based currency using a breed of dog – the Shiba Inu – as its mascot.
According to the Kishu Inu coin whitepaper, the coin aims to become a futuristic cryptocurrency. The developers claim that other similar coins lack time-tested qualities.
But what should the Kishu Inu coin price look like in the coming months? Here is a detailed overview of what you need to know about the Kishu Unu coin.
What is the Kishu coin?
Kishu Inu is a cryptocurrency that aims to introduce holders to futuristic concepts such as decentralized exchanges, non-fungible tokens, and frictionless yield. Kishu made history by surpassing $2 billion in market capitalization and amassing 100,000 holders.
Some Kishu Inu products are:
- $Kishu token: The Kishu token has a 2% redistribution fee for holders. Every time there is a transaction, people who hold Kishu currency automatically earn more tokens.
- Kishu Exchange: Holders can exchange their tokens for other tokens.
- Kishu Crate: This is the non-fungible token market where holders can earn NFTs by staking Kishu. The platform features artists from a number of community competitions.
These products make Kishu coins different from many other similar coins which are often built on hype and “fear of missing something”. Meanwhile, the developers of Kishu Inu want it to be relevant even in the future.
What is the price of Kishu Inu coins?
The price of the Kishu Inu coin is $0.000000001356, as of March 11, 2022, which is a decrease of 1.37% from its last price. The coin has a 24-hour trading volume of $1,545,845 and a total supply of 100,000,000,000,000,000 or 100 quadrillion.
The highest price for the currency in May 2021 was around $0.000000017547. Meanwhile, its all-time low was around seven months ago in April 2021, at $0.000000000069.
Is the Kishu Inu a good investment?
When Kishu Inu promoted the cryptocurrency in April 2021 as the big brother of the hugely popular Dogecoin, enthusiasts wondered if it would be as popular as the Elon Musk-backed coin. Will it be the next big cryptocurrency? Within the first month of its release, Kishu Inu attracted more than 100,000 investors.
However, investors have already seen the ups and downs of Dogecoin in the crypto market. This then often raises the question: Is Kinsu Inu a good investment? Presumably.
Good to know
Although Kishu may seem like a lucrative opportunity right now, keep in mind that it’s still a coin at the end of the day. You should consider market volatility before investing your money in the token.
For one thing, the coin attempts to differentiate itself from other meme coins by offering features that matter in the real world. Some of them include the Kishu Crate and the Kishu Swap. Additionally, Kishu holders can earn passive returns by earning a 2% redistribution fee for each trade.
Second, Kishu is one of the few currencies that has a capped supply. With 100 quadrillion tokens in circulation, Kishu’s supply is limited. Experts see a fixed supply as a hedge against inflation.
Digital Coin Price forecasts the Kishu Inu coin price to be $0.0000000167 in January 2025. However, it is important to note that being a meme cryptocurrency, Kishu Inu is subject to volatile changes. Therefore, you should be careful when investing in it.
Is Kishu Inu a legit cryptocurrency?
Yes, Kishu Inu is a legit cryptocurrency. It has official validation and recognition in the crypto market. You can buy it through all major crypto exchanges, such as ZT, LBank, Gate, and Uniswap.
How to Buy a Kishu Inu Coin
Since Kishu Inu is traded on all major exchanges, you can buy it by following these steps.
Step by step guide
- Create an account on a major Fiat-to-Crypto Exchange, such as Coinbase.
- Once you have registered and completed the identification steps, deposit money into your account.
- Use your fiat currency (dollars, euros, etc.) to buy Ethereum.
- Create an account on an Altcoin exchange since Kishu is an altcoin. Some good examples are BitForex and OKEx.
- Transfer your ETH to the account.
- Next, exchange ETH for Kishu. Search Kishu in the search bar of the altcoin exchange and you will see the pair KISHU/ETH.
- Select the pair and trade according to your preferences.
You will see the Kishu Inu coins in your wallet. If you want to keep your coins safe, consider placing them in a hardware wallet. You can also sell your coins whenever you want.
Alternatively, you can keep your coins since holders receive a 2% redistribution fee.
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