Crypto CEO Asserts: Small Cap Memecoin Set to Compete with Dogecoin and Shiba Inu

The CEO of Mechanism Capital has disclosed that the company’s investments are focused on Trump-themed coins. According to the CEO, these coins could potentially rival Shiba Inu and Dogecoin.
Shiba Inu and Dogecoin, which are currently the two most valuable meme coins in terms of market capitalization, may face competition from other meme coins in the future. Andrew Kang, the co-founder of Mechanism Capital, believes that these assets may encounter challenges in the long run.
In a detailed post on X (formerly known as Twitter), Kang announced that his firm has made its first new investments of the year. Mechanism Capital has acquired positions in Trump-themed meme coins and NFTs. The company plans to make prolific use of Trump sticker packs.
Although this move takes Mechanism Capital into a more volatile part of the crypto market, the CEO remains optimistic about the future. The investments in Trump-themed meme coins and NFTs are based on the attention economy, which is a defining characteristic of meme coins. Kang believes that the strong presence of Donald Trump and his ability to attract attention will be advantageous for these investments.
Kang also highlighted the potential downsides of Trump-themed meme coins. He mentioned that Trump dumping his TRUMP coins poses a significant risk for the meme coin. Trump has already sold all his coins, which were worth an estimated $1 million. However, Kang pointed out that both Dogecoin and Shiba Inu faced similar events in the past, yet they managed to maintain their popularity. Overall, Kang believes that Trump-themed meme coins have the potential to rival Dogecoin and Shiba Inu.
As of now, the TRUMP meme coin is trading at $2.85, while Dogecoin and Shiba Inu are trading at $0.07839 and $0.000008838, respectively.