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Trump-focused financial assets are doing well as his possibility of getting the Republican presidential nomination rose. In the stock market, companies like Digital World (DWAC) and Rumble have all jumped by double-digits this year. 

Similarly, in the crypto industry, a token like MAGA (TRUMP) has also surged, giving it a market cap of over $120 million. This article will look at why these assets are rising and whether Memeinator (MMTR) will be the next big thing.

MAGA, a meme coin, together with companies like DWAC and Rumble have jumped as the ongoing political season in the US intensifies. Trump has already won the first two primaries and is now competing against Nikki Haley. Most polls show that he has a commanding lead over Haley in the Republican primary.

Most importantly, polls show that Trump is doing well in a hypothetical match up with Joe Biden, the incumbent. A closely-watched poll by NBC shows that he has a five-point lead against Biden in the presidential election. He is also polling well among minority groups like blacks and Hispanics.

All this means that there is a possibility that Trump will win the presidency. The challenge he faces is that he has numerous legal issues that could affect his standing among the independents. On Tuesday, a three-court bench ruled that he did not have immunity in a DC case. This moves the case to the Supreme Court, which will make a determinatin.

Therefore, these assets are rising, not because of fundamentals but because of the hype surrounding the presidential election. We often see such thematic trends in the market. For example, companies like Nvidia and Super Micro Computer have surged because of the ongoing artificial intelligence hype. 

A few years ago, EV companies like Rivian, Lucid Motors, and Nio soared as the hype surrounding the transition from ICE vehicles rose. Some of the other popular thematic trends in the past few years are cannabis and cloud computing.

Traders are looking for the next top crypto to invest in following the success of MAGA and other tokens like Pepe and Bonk. Memeinator (MMTR), a cryptocurrency that is now in a presale, has become one of the most popular among traders.

This is evidenced by the fact that the coin has raised over $4.3 million in the past few months from global investors. After crossing the $4 million mark in late January, the developers have raised $300k within a few weeks. This jump happened as the developers noted that the presale was now about 70% complete.

STAGE 14 IS QUICKLY SLIPPING AWAY!

40% RETURNS WON'T LAST FOREVER!

OVER $4,250,000 RAISED ALREADY!

WHAT ARE YOU WAITING FOR?

ACT FAST: https://t.co/aWtBDWViId pic.twitter.com/0WlhbueDgd

The fundraising trend intensified as demand for AI-focused assets rose, as confirmed by the strong demand of AI stocks like C3.ai, NVDA, and SMCI. Memeinator aims to be the biggest meme coin with AI features, as you can read in this white paper.

Still, like other cryptocurrencies and assets, there is a risk of investing in token presales. While some like Metacade have done well in the long term, some have not. Therefore, it is important to have the best risk-management strategies such as only investing in funds you can afford to lose. You should also follow the social media pages for any updates such as a token listing.

The post MAGA Trump token is soaring: Is Memeinator the next big thing? appeared first on Invezz

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