Meme Coin $WATER Soars After Soccer Legend Lionel Messi Promotes It on Instagram

In the two hours following the post, the token surged 356% before subsequently pulling back.

Famous footballers Lionel Messi and Ronaldinho recently posted about the meme coin $WATER on their Instagram accounts. This high-profile marketing, given their immense popularity, raises the question: will the price of $WATER surge again, similar to the 4x increase it experienced following Messi’s initial post?

Water (WATER) price analysis and price prediction

According to Water (WATER) meme coin experts, the outlook appears bullish. Over the last four months, meme coins have performed exceptionally well.

The meme season isn’t over yet, and a percentage of blue-chip memes will likely continue to thrive even after the peak.

Recently, the Water token made a significant announcement. Lionel Messi, the famous number one football player in the world, posted about the Water meme coin on his Instagram stories.

The price of the token nearly quadrupled instantly after his post. This endorsement was followed by Ronaldinho’s post, further fueling speculation and investor interest.

The Water token boasts a market cap of $63.54 million and decent liquidity of $6.71 million. This, along with its over 47,000 holders, suggests Water is a well-established meme coin with a strong community.

After a well-timed Instagram post by Lionel Messi, Water has seen a surge in interest. The buzz spread across X, with several prominent crypto news outlets, like CoinDesk, covering the story.

Meme coin $WATER soared recently after soccer legend Lionel Messi promoted it on Instagram.

In the two hours following the post, the token surged 356% before subsequently pulling back.

Watch "Chart of the Day" explain the data, presented by @cryptocom. pic.twitter.com/pLbqZoLgy5

— CoinDesk (@CoinDesk) July 10, 2024

His endorsement and massive following caused the token 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, down slightly from yesterday.

This dip could present a buying opportunity for potential investors, especially considering predictions of a 225% rise by August 10th, 2024, reaching a price of $0.002869.

You can easily buy Water on decentralized exchanges like Raydium, OKX, and Jupiter. It is also listed on centralized exchanges like Bitget, MEXC, and Bitmart, with promises of further exchange listings in the near future.

$WATER: An investment opportunity with high rewards and potential pitfalls

The $WATER coin combines charitable giving with exciting prize opportunities for holders. By owning $WATER, you get a chance to win incredible experiences like a world cruise, an Icelandic getaway, VIP trips, and even your own private yacht.

The project's fresh website and high-profile endorsement have fueled bullish sentiment among many investors. However, there is a potential red flag to be aware of.

According to reports, the project team controls around 30% of the token supply. This concentration of ownership has raised concerns within the crypto community.

It can negatively impact price stability and investor trust, leading to calls for transparency and clear communication from the project's leadership.

In other news, the official website of the Water token provides a clear overview of its features, utility, and future plans. The roadmap outlines ambitious goals for growth and community engagement.

Key milestones include increasing liquidity, forming strategic partnerships, and expanding charitable initiatives through the WATER Foundation.

If successfully implemented, these initiatives could strengthen WATER's position within the competitive crypto landscape, offering a compelling reason for both investors and supporters to remain engaged.

For those seeking alternative investments, check out our 2024 guide to the best meme coins to buy.

The above is the detailed content of Meme Coin $WATER Soars After Soccer Legend Lionel Messi Promotes It on Instagram. For more information, please follow other related articles on the PHP Chinese website!