What is WCT currency?
is the native token of the WalletConnect network, which aims to enhance the user experience in connecting wallets and decentralized applications (dApps).
Used in the network for purposes such as:
Governance
Staking rewards
Fee collection within the network
Securing the network itself
The WalletConnect network is one of the important infrastructures in Web 3; it facilitates the connection of wallets to applications across multiple chains in a reliable and secure manner.
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Current state and performance
The price of WCT today is trading around ~ $0.24 – $0.26 approximately.
High trading volume indicates active interest in the market.
The WalletConnect network announced that WCT supports multichain with support from the Wormhole protocol to connect networks and reduce liquidity fragmentation.
There are schedules for token launches (vesting / unlocks) that may temporarily pressure the price if large amounts are issued at once.
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Opportunities and risks
✅ Opportunities
Being part of the fundamental infrastructure in Web 3, any growth in the adoption of dApps and new wallets may enhance the demand for WCT.
Expansion into multiple networks makes WCT more effective as a bridge between different systems.
Reward and staking potential may attract token holders to retain rather than sell immediately.
⚠️ Challenges and risks
The token launch schedule may pressure the market if too many are issued at once.
Competition with similar infrastructure projects in connecting wallets and applications.
The need for infrastructure to be translated into actual and sustainable use, not just technical promises or announcements.
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Outlook and recommendation
If WalletConnect adoption continues and expands in the infrastructure, $WCT could see a gradual increase in the medium to long term, especially if token issuance is managed thoughtfully.
But entry should be cautious, with a stop-loss in place and good position management, as the project is still in growth stages.
