$WCT As of June 4, 2025, WalletConnect Token (WCT) is trading at approximately $0.489, reflecting a slight decline of 0.087% from the previous close.

📊 Technical Analysis

Current Price: $0.489

24h Range: $0.4889 – $0.5382

Market Cap: ~$79.5M

Circulating Supply: 186.2M WCT

24h Trading Volume: ~$55M

Technical indicators suggest a strong buy sentiment, with bullish signals across moving averages and key indicators.

🧠 Fundamental Analysis

Project Overview:

WalletConnect is an open-source protocol facilitating secure connections between wallets and decentralized applications (dApps) across various blockchains, including Ethereum, Solana, and Cosmos.

Token Utility:

WCT serves multiple purposes within the ecosystem:

Governance: Token holders can vote on protocol upgrades and fee structures.

Staking: Users can lock tokens to participate in network operations and earn rewards.

Incentives: Rewards for node operators and service providers based on performance.

Transaction Fees: Potential future use for transaction fees, subject to governance decisions.

Network Growth:

WalletConnect has over 45 million active wallet users and 292 million connections, indicating robust adoption and network expansion.

Market Sentiment:

Analyst predictions for WCT's price by the end of 2025 vary, with estimates ranging between $0.65 and $1.25, reflecting cautious optimism about its growth prospects.

⚠️ Risk Considerations

Despite positive technical and fundamental indicators, potential risks include:

Market Volatility: Cryptocurrency markets are highly volatile, and prices can fluctuate significantly.

Regulatory Changes: Changes in regulations can impact the project's operations and token value.

Market Manipulation Concerns: There have been discussions about coordinated efforts to influence WCT's price, which could pose risks to investors.

✅ $WCT

WCT demonstrates strong technical indicators and a solid fundamental foundation, with significant network adoption and utility within the WalletConnect ecosystem.