The moment Will Smith slapped Chris Rock, a DAO (Decentralised Autonomous Organisation) in the crypto sphere launched two projects that reference the event. Merely a few hours later, a new coin emerged called Will Smith Inu (WSI), followed by a few NFTs of the moment itself. This comes to show that the world of meme coins is still very active and profitable, and you should get in on it!
Celebrities And Meme Coins
Meme coins definitely do not belong in the past. This received further proof following this year’s 2022 Academy Awards and in only 48 hours, the crypto market welcomed a new token called – Will Smith Inu (WSI), inspired by the ‘slap heard across the world’. This unprecedented decision to slap the host Chris Rock after his inappropriate joke about Will Smith’s wife reopened the successful world of meme coins. Despite there being zero rational connections between crypto and the moment itself, the crypto community, vigilant and original as ever, ran to monetise the iconic slap. But what is a meme coin? It is the term given to any cryptocurrency that originated from an Internet meme or, in this case, an event with a rather humorous element. But this coin is not alone, here are a few that evidence the successful link between celebrities, memes and crypto.
Can These Coins Actually Profit?
Aquasis Protocol (AQS)
Aquasis Protocol (AQS) is a Decentralised Finance (DeFi) crypto coin with never seen revolutionary features. It has just begun its presale for its native token, Aquasis Protocol is also looking forward to providing projects with safe and lossless crypto investments, as well as risk-free investments and zero-fee services.
One of the best features for the modern-day crypto investor is that it allows you to support your favourite artist. As maximum economic models designed in the entertainment industry are not feasible or beneficial for the artists and, for instance, your favourite singers listed on Spotify or Apple Music do not earn as much as they could because the music streaming services slice a significant cut out. However, Aquasis Protocol offers the opportunity to support your favourite artists directly as the yields generated on the deposits are made via their protocol. In the future, you will be able to receive their personalised NFT airdrops, entry into their metaverse concerts, and access to exclusive posts or content.
To further access the many benefits of the Aquasis Protocol, invest in its native coin, (AQS) which is an ERC20 token developed on top of the Ethereum blockchain. It’s currently at its presale with a fixed price of $0.20 per token with a total of 10 million AQS tokens in circulation at the time of TGE and an initial market cap of AQS at the listing of $1M. Crypto Enthusiasts predict the coin’s value will spike during the presale as the price growth rate will explode.
Will Smith Inu (WSI)
Despite not being directly associated with Will Smith, creators called it “Will Smith Slap DAO” and are selling non-fungible tokens (NFT) on the OpenSea marketplace; it went viral as ‘The Slap Token’. Will Smith Inu launched shortly after the humoristic event and saw an incredible brief price surge overnight, attracting about $1.9 million in trading volume. The coin saw its value soar 469% in the first 24 hours.
Currently, the Will Smith Inu price is $0,000003 with a 24-hour trading volume of $3.6M and a total supply is set at 1,000,000,000,000. It has a $4.5M market cap, as of 6 Hours ago. It is still available for trading on some DEXes (i.e. Uniswap). The price had soared by 10,000% at one point. But the iconic slap doesn’t end with tokens! The DAO is selling NFTs and there are 2,000 of them; going for anywhere from $7-$86 right now. They have sold 13.7 ether worth of the NFTs, which is more than $47,000.
Shiba Inu (SHIB)
Created in August 2020, Shiba Inu (SHIB) is named after the eponymous dog breed that later became the face of the “doge” meme, also inspiring the creation of Dogecoin ($DOGE). It started with a supply of 1,000 trillion and the price rose more than tenfold in October 2021, witnessing a market capitalization of $41 billion.
One great thing about this coin is that Shiba Inu (SHIB) costs less than a cent, meaning you can invest in millions of SHIB tokens without breaking the bank. At the moment, the price is $0.000027 and with $100 you can buy 3.7 Million SHIB tokens; since there are 549 Trillion Shiba Inu tokens in circulation, once the meme coin value reaches $1, the market capitalization will stand at $549 trillion.
The Shiba Inu price today is $0,000027 with a 24-hour trading volume of $1.6B. It has a current market cap of $15B and a circulating supply of 549T SHIB coins.