Have you missed out on dogecoin and shiba inu? then Kuma Inu Coin might be your ticket to riches beyond your wildest dreams
#crypto #cryptocurrency #kumainu
let’s look at the charts of Kuma Inu Token
Each candle here represents 1 day for Kuma Inu crypto coin
The momentum started earlier this month between 4th of oct and 5th of oct
Between 4th of October to it’s highest point on 12th oct, Kuma Inu token has been up over 4000%.
Right now, as we speak, the price is nearly half of its all time highs
The sell volume here on 14th oct was it’s highest selling volume yet
And the buy volume on 11th oct was it’s highes buy volume which brought about the all time highs
Kuma Inu Token is currently going through a consolidation period.
As you can see here today, it looks like we are closing red and forming higher lows
I believe the price here in the in mid to late 20s is is forming a strong support level
Will Kuma Inu Coin go up tomorrow?
I don’t know. No one knows. But looking at the charts, the chances of it making an upward move is higher
For me personally, I’m using this opportunity to accumulate more coins. Not a financial advise. You do you.
We all have different risk appetite.
This reminds me of a Jeff Bezos quote
Jeff Bezos says that if you have a 10% chance at 100x returns, you should always take it. You're still going to fail 9/10 times, but the rewards are well worth it.
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So for those that are new here what is Kuma Inu?
According the website, Kuma Inu ($KUMA) is a community-focused, DeFi cryptocurrency project, consisting of Kuma Breeder, Kuma DEX, and Kuma NFT.
Let’s go through the terminilogies
What is defi
Defi is short for decentrallised finace
Decentralized Finance is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum.
So simply put Decentralized Finance or DeFi is a blockchain-based form of finance that does not rely on a middleman.
With that out of the way, let’s understand the ecosystem of Kuma Inu Token
We have the Kuma Breeder, Kuma Breeder is a place where you can store your coins for staking and earn an interest on your staked coins.
We have the Kuma Dex, Kuma Dex basically is a decentralised exchange where you can buy and sell meme coins.
I’m really looking forward to the Kuma Dex.
Kuma Inu Token devlopement team is still working on the Kuma Dex. So let’s see how that goes
And lastly we have the Kuma NFT’s, which again is still under development
So the billion dollar question,
what would it take for Kuma Inu to move it’s market cap into the billions,
1. Momentum. The momentum in cryptos has to continue.
2. The roadmap. The development need to continue executing the road map
3. The communty. All of us in the Kuma Inu community need to look out for one another
1e I believe the crypto momentum will continue. But be careful because the market is pretty heated right now with btc approaching its all time highs again.
2eThe development team has delivered so far. Whether they will deliver in the future or not, only time will tell.
3e there are a lot of scams and rug pulls happening right now. There was new coin launched just a few hours ago called Barbara Inu and somebody posted this on the Kuma inu Reddit page. Some Kuma Inu holders ended up buying Barbara Inu and got rug pulled. Luckily another Kuma Inu holder was quick to realise this and posted an alert warning other holder of this scam
Kuma Inu Token Coin has a great community and it is continuing to grow every single day.
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