Fun

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

News Feed - 2024-11-07 08:11:57

Este artículo también está disponible en español.


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 1 day ago


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 1 day ago


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. NEIRO price, 4-hour chart | Source:NEIROUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

News Feed

Openai’s GPT-4 Launch Sparks Surge in AI-Centric Crypto Assets
Openai"s GPT-4 Launch Sparks Surge in AI-Centric Crypto Assets Following Openai’s release of GPT-4, a deep learning and artificial intelligence product, crypto assets focused
Turner Wright5 hours agoUK Treasury plans to exclude derivatives and ‘unbacked’ tokens from regulatory sandbox“Until there is more certainty in these frameworks, we are intending to utilise existing regulatory init
Trump’s Bitcoin sneakers are already on eBay for $2,500
Tom Mitchelhill7 hours agoTrump’s Bitcoin sneakers are already on eBay for $2,500Scalpers are already trying to sell Donald Trump’s just-released limited edition Bitcoin-themed sneakers on eBay for $2,500.3520 Total
Generation Z and millennials choose crypto over stocks — Report
Nancy Lubale6 minutes agoGeneration Z and millennials choose crypto over stocks — ReportA recent survey by Policygenius found that one in five American adults own cryptocurrencies.14 Total viewsListen to article 0:00Ma
Yield App Launches V2, and It’s More Than Just a New Look
Yield App Launches V2, and It’s More Than Just a New Look press release Yield App – the official digital asset wealth management partner of premier league football club Wes
Helen Partz12 hours agoCrypto wallet Trezor looks into phishing campaign, exec saysTrezor’s brand ambassador Josef Tetek emphasized that the hardware wallet firm never asks for users’ recovery seed, PIN or passphrase
Bitcoin’s 'Coinbase premium' returns as BTC price heads for best September ever
Biraajmaan Tamuly10 hours agoBitcoin’s "Coinbase premium" returns as BTC price heads for best September everBitcoin is up 22% in the last three weeks as demand from U.S. investors gradually increased, pushing prices ab
Marcel Pechman1 hour agoWill $30K be a new springboard for Bitcoin bulls?Bitcoin margin and futures markets display strength as institutional appetite surges after multiple spot ETF requests.739 Total viewsListen to arti
Nigeria denies report of $10B Binance fine
Amaka Nwaokocha1 hour agoNigeria denies report of $10B Binance fineBayo Onanuga, an adviser to the Nigerian president, said no decision had been made about a fine on the crypto exchange.421 Total views2 Total sharesListe
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
Nigeria"s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission According to the International Monetary Fund (IMF)’s mission conclud
Bitmex Agrees to Pay $100 Million to Resolve Charges With FinCEN and CFTC
Bitmex Agrees to Pay $100 Million to Resolve Charges With FinCEN and CFTC Global cryptocurrency derivatives exchange Bitmex has settled charges with the U.S. Com
Mt. Gox just moved $3B in Bitcoin — Here’s why the price barely blipped
Ciaran Lyons2 hours agoMt. Gox just moved $3B in Bitcoin — Here’s why the price barely blippedCrypto analysts say Mt. Gox holders are more likely committed to hodling, and the market thinks so, too.1969 Total views1