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Andrew Kang, founder and CEO of Mechanism Capital, has changed his bullish view from Dogecoin (DOGE) to First Neiro On Ethereum (NEIRO) following the victory of Donald Trump in the US presidential election. In a series of posts on X on Wednesday, November 6, Kang asserted that NEIRO is poised for significant growth in the coming months.
Better Than Dogecoin?
“With Trump’s win, NEIRO as the Doge’s natural successor is on his way to billions in the next few months,” Kang wrote. He further explained, “It’s hard to think of better coins to hold the Trump/Elon award than NEIRO. As a natural follower of the Doge, its path to the Doge/Shib is like running and the final blow-up debates are predetermined. The Doge is great, but the new dogs are even better. “
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Kang was among the first industry experts to designate Dogecoin as the prime “Trump trade” in the crypto market—a strategy for investors betting on a Trump victory. On October 15, he commented: “One of the most interesting ways to present the ‘Trump Victory’ trade may be to have DOGE (and other memorabilia). Not only does the Doge ETF have a high probability but the Department of Government Operations (DOGE) will be in the news every week and promoted by Trump. “
This idea has gained momentum among several crypto analysts who have identified Dogecoin as a leading proxy for the expectation of a Trump win. This organization stems from Elon Musk’s proposal to lead the “Department of Government Operations” (DOGE) under the Trump administration to reduce US government spending.
Since Kang’s first post on October 15, the price of Dogecoin has increased more than 70%, rising from $0.1158 to more than $0.20 at press time. In contrast, NEIRO experienced a steep decline of nearly 22% over the same period. After reaching an 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.
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Kang’s endorsement of NEIRO has sparked controversy within the crypto community. Crypto Stream analyst (@CryptoStreamHub) questioned the trend of industry leaders promoting meme coins, commenting under Kang’s post: “When did it become normal for industry leaders to release Memecoins, honest question? Raoul Pal started, yesterday I heard Arthur Hayes shill Goat and now Kang is shilling NEIRO. I don’t want to criticize that, I really wonder when we made the pivot. “
Another analyst, CryptoGugu (@Silivabrota), expressed doubts about the potential of NEIRO and warned of subtle market manipulation: “Guys please stop comparing NEIRO to DOGE. DOGE is a genuine NEIRO deal that looks like a money grabbing scheme right now. Since mm has been replaced with a bad looking chart. Mm ups and downs and chasing money, whales only throw away. Something has to change soon or NEIRO will continue to bleed.”
At press time, NEIRO traded at $0.001786.
The featured image was created with DALL.E, a chart from TradingView.com
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