#WalletConnect and $WCT and mention @walletconnect

🧩 What is WCT?

WCT is the native governance and utility token of the WalletConnect network, a widely used protocol that enables secure, seamless connections between crypto wallets and decentralized applications (dApps) across different blockchains (Ethereum, Solana, Optimism, and more) .

💡 Uses & Network Role

Governance: Token holders can participate in votes to shape network rules, fees, staking parameters, and upgrades .

Staking & Rewards: Supports staking by node operators and participants in exchange for WCT-based incentives .

Fee Coverage: Acts as the token for paying network fees, helping secure and decentralize the protocol .

📊 Market Overview

Metric Value

Current Price ~$0.346 (around $0.33–$0.35 range)

24h Change Up ~3–6%

Market Cap ~$64 M

Circulating Supply ~186 M of 1 B max

All-time High ~$1.35 on May 31–June 30, 2025

Trading Volume (24h) $40 M+ across exchanges like Binance, Bitget, MEXC

🔍 Price Outlook & Sentiment

The token trades well below its ATH (~74% down) .

CoinCodex’s model suggests a potential drop to $0.256 by mid‑August — a ~25% decline — citing bearish technical signals and elevated volatility .

Bearish sentiment (RSI neutral) and a Fear & Greed index around 70 ("Greed") indicate possible profit-taking ahead .

✅ Summary

Strengths: Strong utility in a widely-used infrastructure layer; active governance and staking mechanics; liquid markets.

Considerations: Highly volatile — sitting well off ATH; forecast models suggest possible short-term downward movement; broader market trends apply.

Should You Consider WCT?

WCT is attractive if you:

Believe in the long-term growth of WalletConnect’s ecosystem and governance model

Want governance/staking exposure in a Web3 infrastructure token

But be aware:

Market conditions could weigh on its price further soon

It’s suited for those comfortable with mid‑cap crypto risk

Final take: WCT is a core protocol token with real, growing utility. Its ~11% weekly gain shows strength.