Kishu Inu Gains Trump Shiba Inu & Dogecoin; Where will go it from here?

Saif Naqvi
Kishu Inu
Source: Pixabay

In amidst the daily hubbub of the crypto market, a relatively lesser-known meme coin Kishu Inu is making big strides.

While the crypto market was moving sideways last week, Kishu Inu’s value was steadily climbing on the chart. Its price was trading at a 22% premium since 14 March. As per CoinMarketCap, the alt boasted a weekly ROI that came out to be 15%, comfortably beating returns offered by both Shiba Inu and Dogecoin.

Kishu Inu x OKX NFT

For any cryptocurrency, listings are an important development. They open the doors to new potential investors, which in turn creates long-term value. In that regard, Kishu Inu scored a major point by securing a partnership with OKX NFT – the NFT arm of cryptocurrency exchange OKX (formerly known as OKEx). One of the leading crypto exchanges in the world, OKX’s main trading platform hit a record high trading volume of $21 trillion in 2021. In comparison, Binance’s annual trading volume was $7.7 Trillion during the same year.

HODLers Increasing

Source: Coinmarketcap

The number of addresses holding KISHU has constantly increased from December to March. What’s impressive is that investors continued to stack up on KISHU even though the broader market remained weak. Currently, a record 254,447 addresses were holding KISHU as per CMC.

Price Direction

Source: TradingView

The Kishu Inu project kickstarted in 2021 and at the time, a single token was valued at $0.0000000003. Its price skyrocketed by 600% in just three weeks after its launch but an ill-timed bear market weighed heavily on the price.

Even so, at press time, Kishu Inu was trading at a 370% premium when compared to its launch price. The chart showed that KISHU could stretch its value to $0.000000000175 over the near term, adding an extra 8% to its price before testing major resistance.