Could Wallet Connect's $WCT token enter the ranks of the best altcoins? It has potential. Wallet Connect is known and used by everyone. It creates value and generates revenue. It was no surprise that $WCT surpassed $1 after its initial listing, but then it dropped again below $0.3.

A significant HYPE was created with the initial launch of $WCT. $WCT rose to $1.3. Let's look at the data;

The maximum supply limit of $WCT is 1 billion units. The circulating supply is 186.2 million units. 90% of the supply is not yet on the market. The market value is $64 billion.

Imagine that the entire supply of WCT is on the market; For its current price to remain the same, the market value needs to be $300 million $ .

How high do you think $WCT's market value can rise? So far, it has risen to a maximum of $252 million. In a bull market, it could have the potential to reach $1 billion. As Wallet Connect develops, the path for $WCT will also be clear. You should calculate your accounts this way. You should think about what could happen in the worst-case scenario.

WCT is on our watchlist, but let's say it is a coin with very high volatility. I explained how you can simply evaluate supply - market value specifically for Wallet Connect. What I have explained is not investment advice...

#WalletConnect #WCT #Altcoins #DYOR