Seeing the popularity of WCT in the square, I searched for and learned about the WCT project background.
Grok told me that CoinCodex predicts that by 2030, the price of WCT may fluctuate in the range of $2.71. This means an 8-fold increase is possible. I wonder if there are still opportunities; first, let’s understand what $WCT is.
WCT (WalletConnect Token) is the native token of the WalletConnect network, launched in September 2024, deployed on the OP Mainnet of Optimism, with a total supply cap of 1 billion tokens.
WCT plays a dual role of rewards and governance in its ecosystem, aimed at incentivizing participation and promoting decentralized governance.
#WalletConnect is an open-source protocol designed to connect cryptocurrency wallets with decentralized applications (dApps) securely and decentralized.
It allows users to interact with dApps without exposing private keys through QR code or deep linking technology, achieving cross-chain interoperability and a seamless user experience.
Since its launch,@WalletConnect It has become the core infrastructure of the Web3 ecosystem, supporting over 600 wallets and 40,000 applications. As of now, it has facilitated over 185 million on-chain connections, serving more than 30 million users, covering multiple blockchain networks such as Ethereum, Solana, Cosmos, Polkadot, and Bitcoin.
WalletConnect supports a multi-chain ecosystem, not limited to a single blockchain, enhancing its broad applicability in Web3.
Achieve encrypted communication and data routing through Service Nodes and Gateway Nodes, ensuring user privacy and network reliability.
Additionally, WalletConnect provides features like Smart Sessions and One-Click Auth, simplifying the interaction process between wallets and dApps, thereby lowering the entry barrier for users into web3.
Through the WCT token, the community can participate in network governance, voting on matters such as protocol upgrades and fee structures, achieving decentralized governance.
You can also stake WCT in the WalletConnect wallet to earn node rewards, with APY returns exceeding 22.75%.
Currently, there is no wallet ecosystem token that has gained significant popularity in the market, but wallets are the infrastructure on-chain. Whichever wallet has a large user base also controls the on-chain traffic entry.
The wallet is a core component of the Web3 ecosystem, significantly positively impacting the development and proliferation of Web3 projects.
The wallet enhances user autonomy and decentralization, allowing everyone to own their on-chain assets, promoting the proliferation and growth of the dApp ecosystem; the wallet is the gateway to blockchain.
With the growth of web3 users, wallets will also become important entry points for traffic competition, and which wallet is secure and user-friendly will be the user's first choice.
Currently, the price of WCT is $0.32. Over a longer period, there may be surprises; after all, short-term fluctuations are inevitable. Only those that truly provide value to users and have application scenarios can sustain growth. It might be worth observing over a longer period.
Of course, the cryptocurrency market is highly volatile. The trend of WCT is influenced by various factors, including market sentiment, project development, and the overall cryptocurrency market trend, and there are significant risks. Careful risk consideration is necessary when investing.
