🔍 WalletConnect Token (WCT) Eyes Recovery – Is a Breakout Imminent?
Market Snapshot (As of July 31, 2025):
Current Price: ~$0.33
Market Cap: ~$61M
Circulating Supply: ~186.2M (Max Supply: 1B)
All-Time High (ATH): ~$1.35 (May 2025) — currently down ~75%
24-Hour Volume: ~$36M
🔗 What is $WCT?
$WCT is the native utility token of WalletConnect — a protocol that facilitates secure connections between crypto wallets and decentralized applications (dApps). The token is used for staking, governance, transaction fees, and access to premium features.
🚀 Recent Developments:
Launch of Smart Sessions and Web3Modal v3 Beta, aimed at enhancing user experience and driving adoption.
Formation of the WalletConnect Council to support decentralized governance and long-term protocol sustainability.
📊 Technical Analysis:
Short-Term Trend: Weekly decline of ~5–9%, with RSI in neutral territory—showing early signs of potential upside.
Moving Averages: Mixed outlook—50-day MA trending downward, while the 200-day MA remains upward.
📈 Price Outlook:
Short-Term (Q3 2025): $0.26–$0.33 – Sideways to mildly bearish action likely.
Medium-Term (2026): $0.42–$0.50 – Supported by continued protocol enhancements and user growth.
Long-Term (2030+): $0.42–$0.87+ – Strong potential tied to broader Web3 adoption and real-world utility.
🧠 Conclusion:
$WCT remains a cornerstone infrastructure token within the Web3 ecosystem. While short-term volatility persists, ongoing development and growing use cases position it well for medium to long-term upside.
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