TL;DR Breakdown
• Will Smith Inu investor tripled his funds after launching the token.
• WSI could be included in the list of top crypto memes quickly.
After the infamous Chris Rock slap at the 94th edition of the Oscars awards a few days ago, big-screen star Will Smith continues to make waves in the virtual world. Since the day of the fateful event, Will has starred in different memes generated online while also featuring regularly in the crypto industry.
Will Smith’s physical assault on the comedian was the inspiration to launch Will Smith Inu, a token that has now rightfully taken its place in the list of top crypto memes. Reports suggest this cryptocurrency will have a network similar to SHIB and DOGE, the most popular crypto-memes on the market.
Will Smith Inu joins the list of crypto memes
Watson Ryan, a crypto market fan, was one of the many people to notice the token that commemorated the Will Smith incident. Watson’s ideas were that the crypto could take off in price during the next few days because the viral moments witnessed at the Oscars were very recent.
Watson supported his views by suggesting that crypto memes such as DOGE, SHIBA, and Space Kim fetched a staggering price upon release despite many crypto fans claiming it was a scam project. Watson invested some $5,000 in the coin to cash out $20,000 profit after the crypto’s value surged by over 200 percent. However, its value fell within a few hours to reach lower levels.
Crypto fans believe that Watson took a lucky shot by investing in Will Smith Inu at just the right time. However, it was not luck for Watson, who claimed foresight to recognize the imminent rise in value for WSI, like the other crypto-memes.
Crypto-memes: Real or scam projects?
Will Smith Inu leaves a big question mark in investors’ minds where they question whether crypto memes are real or scam projects. The first official meme coin, Dogecoin, was launched in 2014. The token was intended to make fun of the crypto market, but it has enjoyed success, placing it comfortably in the top 20 list of cryptos by market capitalization.
Eventually, other tokens such as Shiba Inu, MonaCoin, and LiteDoge emerged, following the DOGE network playbook, even using the distinctive image of the Japanese Shiba Inu breed dog. By 2021, the CEO of the automotive company Tesla boosted the value of meme tokens by suggesting that DOGE would reach the clouds in several tweets. Those opinions undoubtedly helped Dogecoin reach its current price at $0.1468, ranked 12th among the cryptocurrencies with the largest capitalization according to CoinMarketCap.
Returning with actor Will Smith’s token, the project will continue to advance and gain the position it deserves in the decentralized market. The cryptocurrency does not have a value on CoinMarketCap yet, but it has already featured on Metamask’s list of tokens that investors should beware of.
