Crypto CEO Shifts Focus from Dogecoin to NEIRO After Trump Victory
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 victory in the US presidential election. On November 6, Kang stated that NEIRO is set for significant growth.
Better Than Dogecoin?
Kang claimed, "With a Trump win, NEIRO as the natural successor to Doge is on a path to billions over the next few months." He elaborated that NEIRO could experience a rise similar to that of DOGE and Shiba Inu (SHIB), suggesting it is a strong post-election investment choice.
Kang previously identified Dogecoin as a key asset for betting on a Trump victory, emphasizing its potential through a proposed Department of Government Efficiency (D.O.G.E.) under Trump's administration, which would focus on reducing government spending.
Since Kang's initial post on October 15, Dogecoin's price increased by over 70%, rising from $0.1158 to above $0.20. In contrast, NEIRO declined approximately 22% during this period, dropping from an all-time high of $0.002333 to $0.001786, though it recently recovered by 42% in 48 hours.
Kang's support for NEIRO has sparked debates within the crypto community. Analyst Crypto Stream questioned the trend of promoting meme coins by industry leaders, while another analyst, CryptoGugu, expressed skepticism about NEIRO's legitimacy, warning of potential market manipulation and comparing it unfavorably to DOGE.
At press time, NEIRO traded at $0.001786.
