• The $WATER meme coin has attracted extra crypto speculators following the help from legendary footballers
• The Solana ecosystem has registered a plethora of meme cash within the latest previous, thus fueling the SOL’s bullish outlook.

Ronaldinho Gaucho, a retired skilled footballer, joined iconic ahead skilled participant, Lionel Messi, to advertise the Solana (SOL)-based meme coin venture, Water Coin ($WATER). On Tuesday, July 9, Messi posted an Instagram photograph of the WATER venture, thus sparking heightened hypothesis amongst meme coin merchants. 

Though the meme coin venture has since dropped over 22 % up to now 24 hours, the help from Messi and Ronaldinho is predicted to draw extra buyers forward. Furthermore, the WATER token builders have locked greater than $23k SOL items, value round $3.2 million, to offer liquidity.

As of this report, the WATER token venture has greater than 10K holders and a cumulative transaction rely of over 33k. The small-cap altcoin had a totally diluted valuation of about $65 million and a day by day common buying and selling quantity of round $51 million. 

The WATER meme token intends to create a sturdy crypto group targeted on international charity and analysis initiatives. The meme coin business has been recognized as the perfect avenue to onboard extra web3 customers and create an enticing crypto group.

To start with, the WATER meme token won’t provide perpetual buying and selling to stop market manipulation. With a complete provide of 88 trillion, WATER tokens will quickly be listed on fashionable exchanges led by Bitget, MEXC, and Bitmart, amongst others within the pipeline.

Impression on Solana Community 

The Solana community has grown to a vibrant top-tier web3 ecosystem with greater than $4.4 billion in complete worth locked (TVL) and over $3.3 billion in stablecoins market cap. The notable adoption of Solana’s decentralized monetary tasks is essentially influenced by the meme coin tokens. 

As we beforehand reported, the Solana-based meme cash, with a market cap of about $6.5 billion and a day by day common traded quantity of over $1.3 billion, have surged no less than 800 % year-to-date. 

With a dozen extra Solana-based meme cash, led by the WATER token, rising amid the continuing mainstream adoption of digital belongings, the Solana community will proceed to be a frontrunner in on-chain actions.

SOL Worth Motion

The continuing crypto correction triggered by the Mt.Gox repayments and the sell-offs by the German authorities has considerably elevated the general crypto worry of additional capitulation. Nevertheless, the heightened demand for SOL amongst crypto buyers has helped the altcoin maintain the help degree of round $128 up to now 4 months.

As we beforehand identified, the SOL worth might be making ready for a significant bullish breakout in the direction of $200 within the close to time period. On the lengthy haul, Solana’s worth in opposition to the US greenback has been following the same fractal sample to the 2021’s bull run.

From a technical standpoint, Solana’s worth may simply rally to its all-time excessive after the weekly Relative Power Index (RSI) rebounded off the 50 % degree. On the day by day timeframe, the SOL’s RSI has already fashioned a bullish divergence on a potential double backside, signaling a potential bullish uproar

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