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Mechanism Capital founder and CEO Andrew Kang has given a bullish outlook on Dogecoin (DOGE) to FirstNero after Donald Trump’s landslide victory within the US presidential election. Switched to on Ethereum (NEIRO). In a collection of posts on X on Wednesday, November 6, Kang claimed that NEIRO is poised for exponential progress within the coming months.
Is it higher than Dogecoin?
“With Mr. Trump’s victory, NEIRO, as Mr. Doge’s pure successor, can be on a path to reap billions of {dollars} within the coming months,” Kang wrote. He additional elaborated“It is laborious to think about a greater coin than NEIRO after a Trump/Elon victory. Because the pure successor to the Governor, the trail to a run like Governor and Speaker and an eventual overturning debate is preordained. Doge is nice, however the brand new canine is even higher.”
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Kang was one of many first business specialists to designate Dogecoin as the perfect “Trump commerce” within the crypto market, a technique for buyers betting on Trump’s victory. On October fifteenth, he mentioned: “Maybe one of the vital attention-grabbing methods to explain the ‘Trump Wins’ commerce is to personal DOGE (and different memes). Not solely do the Doge ETF have greater odds, however the Division of Authorities Effectivity (DOGE) It can make headlines and be backed by President Trump.”
This view gained traction amongst a number of crypto analysts who recognized Dogecoin as a key agent predicting Trump’s victory. The affiliation grew out of Elon Musk’s proposal to steer the Division of Authorities Effectivity (DOGE) to scale back U.S. authorities spending, which ballooned below the Trump administration.
Since Kang’s first submit on October fifteenth, Dogecoin’s value has soared greater than 70%, rising from $0.1158 to greater than $0.20 on the time of writing. In distinction, NEIRO skilled a big decline of roughly 22% over the identical interval. NEIRO hit an all-time excessive of $0.002333 on October 15 and has since fallen, however has just lately proven indicators of restoration, rising 42% previously 48 hours to commerce at $0.001786.
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Kang’s assist for NEIRO has sparked debate throughout the crypto group. Cryptocurrency analyst Crypto Stream (@CryptoStreamHub) questioned the tendency of business leaders to advertise meme cash, commenting below Kang’s submit: Raoul Pal began and yesterday I heard Arthur Hayes’ Schilling GOAT and now Kan is Schilling NEIRO. I do not imply to criticize it, however I actually marvel after we determined to pivot. ”
One other analyst, CryptoGugu (@Silivabrota), mentioned: expressed He was skeptical about NEIRO’s potential and warned of elementary market manipulation. “Guys, please cease evaluating NEIRO and DOGE. DOGE is the actual NEIRO and appears like a liquidity heist scheme proper now. Now that mm has been changed, the chart seems horrible Nicely, chasing liquidity up and down simply throws. One thing wants to vary quickly or NEIRO will proceed to bleed.
On the time of writing, NEIRO was buying and selling at $0.001786.
Featured picture created with DALL.E, chart on TradingView.com
