$WCT is trading approximately at $0.324 - $0.328 USD. This reflects a modest increase of about 4-5% in the last 24 hours, which comes after a significant decline of roughly 11-12% over the past 7 days, and a more substantial drop of approximately 48-49% over the last month. It's crucial to note that WCT reached its all-time high (ATH) of $1.37 USD on May 31, 2025, meaning it is currently down by about 75% from its peak.
Detailed Price Analysis:
WalletConnect Token ($WCT) is experiencing a period of price discovery and consolidation following its recent launch and subsequent sharp rally to an all-time high in late May. Its current price action reflects a healthy correction as early investors take profits, but also highlights the intrinsic value of its underlying protocol, which is a fundamental infrastructure layer for the entire Web3 ecosystem.
Recent Price Action: After a rapid ascent to its ATH, WCT has undergone a significant retracement, which is typical for newly launched tokens. The current slight rebound in the last 24 hours suggests some buying interest at these lower levels, attempting to establish new support. However, the multi-day and monthly declines indicate that selling pressure has been dominant, pointing to a period of price discovery and finding a more stable floor.
Technical Indicators:
As a relatively new token, WCT's long-term moving averages are still forming. On shorter timeframes (e.g., 4-hour or daily), the price has likely fallen below initial short-term moving averages, turning them into overhead resistance. A sustained move above the 50-day EMA would be a positive sign.
The Relative Strength Index (RSI) has likely moved from overbought territory during its ATH rally to a more neutral or even oversold zone, allowing for potential bounces. However, without substantial buying volume, a low RSI alone may not immediately trigger a significant upward trend.
Immediate resistance levels are observed around $0.33-$0.34, with stronger resistance at $0.35-$0.37. Key support levels are currently being tested around $0.30-$0.31, with its all-time low of approximately $0.278 (from April 2025) acting as a critical psychological and historical floor.
Trading Volume & Market Cap: WCT maintains a substantial 24-hour trading volume, typically ranging from $40 million to $90 million USD. Its market capitalization is approximately $60 million - $62 million USD, positioning it around the 450-600 range in crypto rankings. While the volume indicates active trading, a large portion of it is likely from profit-taking and speculation rather than sustained accumulation, especially given the recent downward trend. Its fully diluted valuation (FDV) of over $300 million suggests significant growth potential if the entire token supply enters circulation and demand remains high.
Fundamentals and Ecosystem Development: WalletConnect Token (WCT) is the native utility token of the WalletConnect Network, a critical open-source protocol that facilitates secure connections between crypto wallets and decentralized applications (dApps).
Core Utility & Adoption: WalletConnect is an indispensable bridge in Web3, widely adopted across over 700 wallets (like MetaMask, Trust Wallet) and 61,000 dApps across hundreds of blockchains. It has facilitated over 300 million connections for 45 million users, growing exponentially in 2024 and 2025.
Decentralization & Tokenomics: The WCT token's primary purpose is to decentralize the WalletConnect Network's infrastructure. It is used for paying network service fees, staking by node operators (to earn rewards and secure the network), and governance. Upcoming token unlocks (e.g., significant unlock rounds in July, August, and particularly November and December 2025) will release more supply into the market, which could exert downward pressure if not absorbed by growing demand.
Strategic Vision: WalletConnect aims to become an "AI-native connection layer for Web3," with WCT powering this smart infrastructure through access control, governance, and other features. This forward-looking vision could drive long-term utility and demand.
Outlook: WCT's price is currently undergoing a necessary correction after its initial surge, which is common for new tokens with high initial hype. Its fundamental strength lies in the WalletConnect protocol's critical role and widespread adoption across the Web3 ecosystem. The success of its decentralization efforts, the implementation of token utility (fees, staking), and its strategic moves into AI integration will be key drivers for its future price. While the short-term may see continued volatility and price discovery around its current range, the long-term outlook is bullish if the project successfully executes its roadmap and solidifies its position as the go-to Web3 connectivity standard. Investors should carefully monitor upcoming token unlocks and network adoption.
In conclusion, WalletConnect Token ($WCT) is currently navigating a post-launch correction, showing signs of stabilization after a significant decline from its all-time high. Despite short-term price volatility, its fundamental value is anchored in the WalletConnect protocol's pervasive adoption as a core Web3 infrastructure. The token's utility in decentralizing the network, combined with a forward-looking roadmap including AI integration, positions WCT for potential long-term growth, provided it can absorb future token unlocks and continue to expand its critical role in the ever-evolving decentralized landscape.