$WCT

What is my mood about this altcoin? 🤓

First, why I chose this project. The fundamental value of WalletConnect as a key infrastructure project is a strong point for WCT. WalletConnect is an important infrastructure project in Web3 that allows decentralized applications (DApps) to connect to cryptocurrency wallets. WCT is the native token of the WalletConnect Network. The WalletConnect Network aims for complete decentralization, which aligns with the core principles of Web3 and can enhance its resistance to censorship. Listing on major exchanges means high liquidity and availability.

Briefly, on the chart, what caught my attention.

Current high liquidity (narrow spread, significant volume) is a positive signal for traders, as it allows for easy entry and exit from positions. The dominance of sell orders in the order book requires caution. This may indicate a continuation of the downward trend or a phase of accumulation before a possible rebound. If the WalletConnect Network continues to develop, expand its functionality, and maintain its leading position, while the overall cryptocurrency market is bullish, then WCT has growth potential.

Opinion. After the pump-and-dump, the price has settled back into place.