📌 What is $WCT? — WalletConnect Token Explained
WCT is the utility and governance token of the WalletConnect Network, a protocol that securely connects wallets to dApps across chains like Ethereum, Solana, and Bitcoin, powering over 275M connections for 45M+ users.
🔑 Why WCT Is Important
Staking & Node Incentives: Node operators stake WCT to support encrypted data relay and earn network rewards.
Decentralized Governance: Token holders vote on protocol parameters, fees, and distribution models.
Future Network Fees: WCT is expected to be used for relay service fees as the protocol scales.
📊 Fundamentals & Metrics
Current Price: ~$0.29–$0.30 (down ~21% in the past 7 days)
Circulating Supply: ~186M WCT (~18‑19% of total 1B supply)
Market Cap: ~$54–55M USD; FDV is ~$290M
🔍 Analyst Outlook & Price Predictions
Price forecast for August 3‑5, 2025 suggests a range between $0.29 and $0.23, implying short‑term downside potential. (CoinCodex)
Longer‑term models (Binance forecasts) project modest upside: ~$0.373 by 2030, assuming growing utility and adoption. (Binance)
🎯 Trading Watchlist
Bearish Case:
Weak technical momentum + recent 7-day decline
Monitor for break of ~$0.28 support zone
Risk: further short‑term correction toward ~$0.22–0.23
Bullish Case (longer-term play):
Fundamentals intact: governance staking, real utility
Watch for a bounce or compression above ~$0.28
Recovery target zone: $0.30–$0.35 with confirmation on volume
✅ Summary & Trader Insight
WCT is more than a meme token—it’s a pillar of Web3 infrastructure. Despite short‑term pullback, its staking and governance utility positions it well for long-term value capture.
Trade idea: Look for clean retests above $0.28 to enter long selectively, or short on confirmed break below $0.28 with visible weakness. Manage risk carefully on either side.
#WCTToken #Write2Earn! #WalletConnect #FOMCMeeting
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