#wct
Here’s the current situation for WalletConnect Token (WCT) on Binance Square:
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🔍 Price & Volume
WCT is trading near $0.3394, up $45M) and a healthy 7-day performance (~+11%) .
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🔎 Recent Performance
The token mounted an aggressive rally to a May all-time high near $1.36, but then entered a consolidation and corrective phase. It’s now down ~75% from that top, trading in a stabilization zone of $0.32–$0.34 .
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🎯 Key Drivers
1. Major Airdrop Campaign: 5 million WCT tokens are being distributed from July 15–29 via SafePal collaboration, which could boost network usage and interest .
2. Transferability Enabled: WCT is now fully transferable on-chain, marking a key milestone toward decentralization and ecosystem growth .
3. Multichain Adoption: WalletConnect continues to expand, now powering over 300 million connections across 600+ apps—fueling potential long-term utility .
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🧭 On-Chain & Technical Signals
Price dropped below short-term moving averages recently, signaling a short-term bearish tilt. A breakout above these averages on strong volume would be bullish .
Forecasts for July suggest a range between $0.23–$0.34, with upside in late summer if volume and on-chain activity pick up .
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✅ Final Takeaway
WCT is currently consolidating but underpinned by key fundamentals: decentralization, multichain utility, and ecosystem engagement. The SafePal airdrop and transferability update are catalysts to watch.
Strategy tips:
A bottom near $0.32 might offer a buying opportunity if the airdrop fuels a rally.
Watch for a move above $0.34–$0.35 with volume for bullish confirmation.
