The general election on November 5 is coming, and Trump is currently leading the campaign by a large margin. Against this background, cryptocurrencies DOGE and NEIRO have shown great potential. It has been observed that many keen investors have begun to lay out these two currencies in advance, expecting them to bring considerable returns.
Especially Dogecoin ($DOGE), whose soul figure Musk currently fully supports Trump. Not only does he frequently tweet on social media to canvass for Trump's votes, but he also personally participates in Trump's speeches. There are also rumors that the acronym of the new government department Department of Government Efficiency that Trump is expected to establish after his victory matches the logo of Dogecoin, which further stimulates the market's expectations for Dogecoin.
At the same time, Dogecoin's successor NEIRO has also shown strong growth momentum. Although its market value is relatively small, only 700 million, compared with Dogecoin's market value of tens of billions, NEIRO is considered to have greater growth potential. Judging from the on-chain data, last week, whales have bought 2 billion Dogecoins, setting the largest net inflow of funds since January this year. And $NEIRO also broke through the previous historical high against the trend and began to rush upward.
However, investors also need to note that $NEIRO has risen sharply recently and there is a risk of a pullback. Therefore, before chasing highs, investors should wait for a deeper pullback, such as a pullback to a position slightly above 0.0015, to avoid buying at high prices.
In addition, the price outbreak of currencies such as DOGE and NEIRO is highly dependent on Trump's election results. Therefore, although people who invest in these two cryptocurrencies are not directly involved in the election, their investment results are closely linked to the election results.
At present, there is still uncertainty about the results of the general election. Data on a certain platform show that Trump's probability of winning is 52.5%, while Harris's is 46.6%. However, the survey results of the left-wing media show that Harris's probability of winning is 49.8%, higher than Trump's 46.5%. This makes this election even more confusing, and investors need to decide whether they are willing to take this risk based on their own judgment.