Famous soccer players Lionel Messi and Ronaldinho recently posted about the meme coin “$WATER” on their Instagram accounts.
Given its immense popularity, this high-profile marketing raises the question: Will the price of $WATER skyrocket again, similar to the four-fold increase it experienced after Messi’s first post?
Water Price Analysis and Forecast
Water (WATER) Meme coin experts have a bullish outlook: Over the past four months, meme coins have performed very well.
Meme season isn’t over yet, and some blue chip memes will likely continue to thrive even after they’ve passed their peak.
Recently, Water Token made a major announcement: the world’s most famous soccer player, Lionel Messi, posted about Water Meme Coin on his Instagram story.
Following his post, the token’s price nearly quadrupled in no time. This endorsement was followed by other posts from Ronaldinho, further fuelling speculation and investor interest.
The Water token has a market cap of $63.54 million and high liquidity of $6.71 million. Combined with a holder count of over 47,000, this shows that Water is an established meme coin with a strong community.
Water has recently seen a surge in value thanks to an exquisite Instagram post by Lionel Messi, with the story spreading across X and being picked up by several prominent crypto news outlets such as CoinDesk.
Meme Coin $Water Its popularity has skyrocketed recently after soccer legend Lionel Messi promoted it on Instagram.
Two hours after the post, the token surged 356% before falling back.
See “Chart of the Day” for an explanation of the data. @cryptocom. pic.twitter.com/pLbqZoLgy5
— CoinDesk (@CoinDesk) July 10, 2024
His endorsement and massive support caused the token’s price to skyrocket, reaching new highs before experiencing a slight correction.
However, Water is showing signs of recovery: At the time of writing, the $WATER meme coin is trading at $0.0008651, slightly down from yesterday.
This drop could present a buying opportunity for potential investors, especially considering predictions of a 225% increase and a price hit of $0.002869 by August 10, 2024.
Water can be easily purchased on decentralized exchanges such as Raydium, OKX, Jupiter, etc. Additionally, it is also listed on centralized exchanges such as Bitget, MEXC, Bitmart, etc., with more to be listed in the near future.
$WATER: An investment opportunity with high rewards and potential pitfalls
$WATER Coin boasts a unique combination of charitable initiatives and the opportunity to win attractive prizes for its holders.
Owning $WATER gives you the chance to win amazing experiences such as luxury round-the-world cruises, trips to Iceland, VIP trips and even private yachts.
The project’s new website and high-profile backing have stoked bullish sentiment among many investors, but there are also potential red flags: Around 30% of the token supply is reportedly controlled by the project team.
This concentration of ownership has raised questions within the cryptocurrency community as it could have a negative impact on price stability and investor confidence, leading to calls for greater transparency and clear communication from project leadership.
Despite these concerns, WaterToken’s official website clearly outlines its functionality, utility, and future plans. The roadmap outlines ambitious goals for growth and community engagement.
Key milestones include increased liquidity, establishing strategic partnerships and expanding philanthropic efforts through the WATER Foundation.
If executed well, these efforts will strengthen WATER’s position in the competitive cryptocurrency industry and provide both investors and supporters with a compelling reason to stay involved.
If you are looking for alternative investments, check out our 2024 guide on the best meme coins to buy.
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https://readwrite.com/will-water-meme-coin-water-pump-again-like-it-did-after-messis-4x-surge/