Not Dogecoin But This Altcoin Is the Best Pick Post-Trump Win, Says Crypto CEO

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	383,035,555,495	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

383,035,555,495

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	70.02	2.25%	3,184.29	3,184.20	3,184.31

Price Change

Price Change %

Current Price

Bid Price

Offer

70.02

2.25%

3,184.29

3,184.20

3,184.31

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,215.05	3,090.89	3,112.95	3,114.27	2,112.00 - 4,109.67

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,215.05

3,090.89

3,112.95

3,114.27

2,112.00 - 4,109.67

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:47:31	0.000272	3,184.08	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

07:47:31

0.000272

3,184.08

USD

Price x Volume	Volume	Base Symbol	Related Pairs
105,267,304.02	33,265.30	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

105,267,304.02

33,265.30

Not Dogecoin But This Altcoin Is the Best Pick Post-Trump Win, Says Crypto CEO

06/11/2024 11:00pm

NEWSBTC

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 in the US presidential election. In a series of posts on X on Wednesday, November 6, Kang asserted that NEIRO is poised for exponential growth in the coming months. Better Than Dogecoin? “With a Trump win, NEIRO as the natural successor to Doge is on a path to billions over the next few months,” Kang wrote. He further elaborated, “Hard to think of better coins to hold post a Trump/Elon win than NEIRO. As the natural successor to Doge, its path to a Doge/Shib like run and eventual flippening debates are pre-ordained. Doge is great, but new dogs are even better.” Related Reading: Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought Kang was among the first industry experts to designate Dogecoin as the premier “Trump trade” in the crypto market—a strategy for investors betting on a Trump victory. On October 15, he noted: “One of the most interesting ways to express a ‘Trump Victory’ trade would probably be owning DOGE (and other memes). Not only do you have high odds of a Doge ETF but the Department of Government Efficiency (DOGE) would be making headlines every week and be pushed forward by Trump.” This perspective gained traction among several crypto analysts who identified Dogecoin as the leading proxy for anticipating a Trump win. The association stems from Elon Musk’s proposal to lead a “Department of Government Efficiency” (D.O.G.E.) under a Trump administration to reduce the bloated US government spending. Since Kang’s initial post on October 15, the Dogecoin price has surged by over 70%, climbing from $0.1158 to above $0.20 at press time. In contrast, NEIRO experienced a significant downturn of approximately 22% during the same period. After reaching its all-time high of $0.002333 on October 15, NEIRO dipped but has recently shown signs of recovery, rising 42% in the last 48 hours to trade at $0.001786. Related Reading: Why Is Dogecoin Going Up Today? Key Drivers Of DOGE’s 10% Surge Kang’s endorsement of NEIRO has sparked a debate within the crypto community. Crypto analyst Crypto Stream (@CryptoStreamHub) questioned the trend of industry leaders promoting meme coins, commenting under Kang’s post: “When did it become normalized for the industry leaders to shill Memecoins, honest question? Raoul Pal started, yesterday I heard Arthur Hayes shill GOAT and now Kang is shilling NEIRO. Not wanna criticize that, I genuinely wonder when we made the pivot.” Another analyst, CryptoGugu (@Silivabrota), expressed skepticism about NEIRO’s potential and warned of an underlying market manipulation: “Guys please stop comparing NEIRO with DOGE. DOGE is the real deal NEIRO looking more like a liquidity grab scheme right now. Since the mm has been replaced chart looking awful. Mm only going up and down chasing liquidity, whales only dumping. Something needs to change asap or NEIRO will continue bleeding.” At press time, NEIRO traded at $0.001786. Featured image created with DALL.E, chart from TradingView.com

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