Andrew Kang, founder and CEO of Mechanism Capital, has shifted his bullish outlook from Dogecoin (DOGE) to First Neiro On Ethereum (NEIRO) following Donald Trump’s landslide victory within the US presidential election. In a sequence of posts on X on Wednesday, November 6, Kang asserted that NEIRO is poised for exponential development within the coming months.
Higher Than Dogecoin?
“With a Trump win, NEIRO because the pure successor to Doge is on a path to billions over the subsequent few months,” Kang wrote. He additional elaborated, “Arduous to think about higher cash to carry submit a Trump/Elon win than NEIRO. Because the pure successor to Doge, its path to a Doge/Shib like run and eventual flippening debates are pre-ordained. Doge is nice, however new canines are even higher.”
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Kang was among the many first business consultants to designate Dogecoin because the premier “Trump trade” within the crypto market—a method for traders betting on a Trump victory. On October 15, he famous: “Some of the attention-grabbing methods to precise a ‘Trump Victory’ commerce would in all probability be proudly owning DOGE (and different memes). Not solely do you’ve gotten excessive odds of a Doge ETF however the Division of Authorities Effectivity (DOGE) can be making headlines each week and be pushed ahead by Trump.”
This angle gained traction amongst a number of crypto analysts who recognized Dogecoin because the main proxy for anticipating a Trump win. The affiliation stems from Elon Musk’s proposal to guide a “Division of Authorities Effectivity” (D.O.G.E.) below a Trump administration to cut back the bloated US authorities spending.
Since Kang’s preliminary submit on October 15, the Dogecoin worth has surged by over 70%, climbing from $0.1158 to above $0.20 at press time. In distinction, NEIRO skilled a big downturn of roughly 22% throughout the identical interval. After reaching its all-time excessive of $0.002333 on October 15, NEIRO dipped however has lately proven indicators of restoration, rising 42% within the final 48 hours to commerce at $0.001786.
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Kang’s endorsement of NEIRO has sparked a debate throughout the crypto group. Crypto analyst Crypto Stream (@CryptoStreamHub) questioned the development of business leaders selling meme cash, commenting below Kang’s submit: “When did it turn into normalized for the business leaders to shill Memecoins, sincere query? Raoul Pal began, yesterday I heard Arthur Hayes shill GOAT and now Kang is shilling NEIRO. Not wanna criticize that, I genuinely marvel after we made the pivot.”
One other analyst, CryptoGugu (@Silivabrota), expressed skepticism about NEIRO’s potential and warned of an underlying market manipulation: “Guys please cease evaluating NEIRO with DOGE. DOGE is the true deal NEIRO trying extra like a liquidity seize scheme proper now. Because the mm has been changed chart trying terrible. Mm solely going up and down chasing liquidity, whales solely dumping. One thing wants to vary asap or NEIRO will proceed bleeding.”
At press time, NEIRO traded at $0.001786.
Featured picture created with DALL.E, chart from TradingView.com