WalletConnect Token (WCT), currently at $0.41 (April 26, 2025), faces a pivotal moment as some airdrop stakes unlock by May 8, 2025. With 18.5% of the 1B supply (185M WCT) allocated to the community at $0.1338 and 60–80% (111–148M) staked until May–November, tradable supply remains tight (186.2M circulating, potentially 208–245M post-unstaking). Here’s the price outlook, spotlighting technical forecasts of $1.04 by April 28 and $1.77 by May 17.
Key Factors
Unstaking: Partial airdrop unlocks (20–40%, ~22–59M WCT) may raise selling pressure, but most tokens stay locked, supporting scarcity.
Market: Bearish technicals (17/19 indicators) contrast with bullish forecasts ($1.04 by April 28, $1.77 by May 17). X posts cite $0.35–$0.45 support, $0.60–$0.65 resistance.
Fundamentals: WalletConnect’s 275M+ connections and 300+ chain integrations bolster demand.
Price Prediction: May 8, 2025
Bearish ($0.35–$0.50): Heavy unstaking or bearish market pushes prices to $0.35–$0.45 supports ($73–$123M market cap).
Neutral ($0.50–$0.80): Modest unstaking and stabilization align with $0.55–$0.65 resistance ($104–$196M market cap).
Bullish ($0.80–$1.20): Minimal selling and momentum toward $1.04 (April 28) drive prices ($166–$294M market cap).
Predicted Range: $0.45–$0.90
A $0.55–$0.75 sweet spot balances modest unstaking (20–30M WCT) and recovery from $0.41, lagging the bullish $1.04 (April 28) and $1.77 (May 17) due to sell-offs. Scarcity and utility curb downside; breaking $0.90 needs strong catalysts.
Disclaimer: Cryptocurrencies are volatile; not financial advice. Research thoroughly.