$WCT (WalletConnect Token) has seen a significant price increase recently, currently trading at approximately $0.943, with a daily rise of over 30% and a notable increase in trading volume.
Reasons for the Surge
1. Solana Integration and Airdrop of 5 Million Tokens
WalletConnect announced the integration of $WCT into the Solana blockchain and airdropped 5 million WCT tokens to active Solana users (such as Phantom, Jupiter, Backpack, Solflare, and other wallet users). This initiative has significantly increased the market attention and user engagement for WCT.
2. Exchange Support and Enhanced Liquidity
Since its launch on April 15, 2025, $WCT has been listed on several major exchanges, including Binance, Crypto.com, Upbit, Kraken, MEXC, Gate.io, KuCoin, OKX, Bybit, and Bithumb. The support from these platforms has improved WCT's tradability and market liquidity.
3. Ecosystem Expansion and Incentive Programs
WalletConnect has launched several incentive programs, such as the “Learn and Earn” initiative with 10 million WCT, and the WalletGuide digital wallet directory, aimed at enhancing user experience and security, further driving the ecosystem's growth.
Technical Aspects and Market Sentiment
Price Performance: WCT is currently priced at approximately $0.943, with a 24-hour increase of over 30%.
Trading Volume: The 24-hour trading volume exceeds $500 million, indicating high market activity.
Technical Indicators: Technical analysis shows that the WCT/USDT pair has strong bullish momentum, with indicators suggesting a possible breakout above key resistance levels.
Future Outlook and Investment Recommendations
Short-term Forecast: WCT's price is expected to fluctuate between $0.76 and $0.87, with a potential upside of about 15%.
Long-term Forecast: By the end of 2025, WCT's price may range between $0.65 and $1.25, depending on market sentiment and ecosystem development.
Investment Recommendations: Considering the current market momentum and the expansion of the ecosystem, WCT has certain investment potential. However, investors should be mindful of market volatility, manage their positions wisely, and avoid chasing highs.
