On the bright side, the number of staking users hasn’t increased significantly, but the total staked amount continues to grow steadily.

$WCT Evaluation

PROS

- The ICO/IEO price was $0.2 in the first round earlier this year (current price is a good entry point).
- 30M USDT has been staked by 43k users, with an average of $1.5k per user since December 2024 → if they're staking for airdrops, they're unlikely to withdraw soon, since the airdrops are somewhat proportional to the staking amount.
- Market cap is $60M (at $0.3 price). Check why people are staking — if user staking increases by 50%, the price could ~2x (not even factoring in FOMO from news that could trigger that extra 50% growth). If it hits 75% growth, the price could 4x. Note: this assumes an average of ~5k WCT staked per user.
- WCT is currently at a good entry price. With hundreds of wallets competing, you'll notice when logging into a dApp that there are often 3 connection options:
*Protocol xyz...v.v Ex :gmail
*Wallet
*WalletConnect
- This provides a seamless UX for wallet and dApp connection.
- Currently, WTC's revenue doesn't come from retail, but there's no fear of dying out — major wallets are booking priority slots with WTC to increase their own retention, which brings notable value.

CONS

- Why rely on staking users? Because WTC doesn't yet have a clear revenue model.
- There are 3 possible models: subscription, fee-based, advertising.
- WTC seems to be leaning towards the advertising model. But it's unclear how this value is shared with retail users, or how to make them understand it.
- It's vulnerable to future strategic decisions. It’s hard to draw up ambitious plans because this kind of app doesn’t store keys, passwords, or user info — meaning it can’t deeply mine user data.
→ And if they want to build a full app, it’d be hard to boldly claim they don’t manage keys anymore.