#WCT Here is a detailed analysis of WalletConnect Token (WCT) based on the latest available information:
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📊 Current price
Current WCT price: $0.3833
Daily change: +$0.01597 (+1.58%)
Highest price of the day: $0.4124
Lowest price of the day: $0.3711
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🧠 Project overview
WalletConnect is a Web3 protocol that allows users to connect cryptocurrency wallets with decentralized applications (dApps). The project aims to facilitate interaction between users and applications through a decentralized and secure network.
The WCT token is the native token of the WalletConnect network and is used for:
Incentives: Rewards for contract operators and network participants.
Governance: Enabling token holders to participate in decision-making regarding network development.
Fees: Paying transaction-related fees within the network.
The total supply of the WCT token is 1 billion, with a current circulating supply of 170.25 million.
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📈 Recent developments
Listing WCT on multiple trading platforms: The token has been listed on platforms like Binance, OKX, and Upbit, increasing its exposure to investors.
Launch of Launchpool campaign on Binance: In April 2025, Binance launched a Launchpool campaign to allow users to earn WCT tokens by staking BNB, USDC, and FDUSD.
Token issuance: Tokens were issued on April 15, 2025, with trading pairs available such as WCT/USDT, WCT/BNB, and WCT/USDC.
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⚠️ Warnings and risks
Despite the rapid growth, there are some warnings regarding WCT:
Price fluctuations: The token has experienced sharp price volatility, with sudden drops following increases.
Concerns about manipulation: There have been reports of groups on WhatsApp promoting the token, raising concerns about market manipulation.
Low-price token issuance: 25 million tokens were issued at a price of $0.40, which may lead to value dilution for current investors.
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🔍 Future outlook
The outlook for WCT remains mixed:
Positive outlook: With the token listed on major trading platforms and increased usage of WalletConnect, the token may see a rise in demand.
Negative outlook: Sharp fluctuations and concerns about manipulation may negatively impact the token price.
It is important for investors to closely monitor the market and make informed decisions based on ongoing analysis.
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Note: This information is for informational purposes only and does not constitute investment advice. It is always recommended to conduct your own research and consult a financial advisor before making any investment decisions.
