๐งฉ What is the WalletConnect Project?.@WalletConnect $WCT
#WalletConnect is an open-source protocol that enables secure connections between decentralized applications (dApps) and mobile and web funds. The project's primary goal is to enable secure and convenient transactions by directly linking users' funds to web applications or apps.
๐ Key Features:
It connects dApps and funds using QR code and deep link technology.
It offers SDKs for wallet providers and dApp developers.
It is available on all EVM-based chains (Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Base, etc.).
With WalletConnect v2, multi-chain support, more secure record management, and broader protocol coverage have been added.
๐กUsage Areas:
NFT platforms (OpenSea, Zora, etc.)
DeFi applications (Uniswap, Aave, Curve)
Decentralized games (GameFi)
DAOs and governance tools
๐ WalletConnect (WCT) Token Economy
Token Information:
Token Name: WalletConnect Token (WCT)
Purpose: In-protocol incentives, governance, staking
Total Supply: 1 billion WCT
Circulating Supply: ~186 million WCT (as of August 3, 2025)
Exchanges: Traded on various centralized exchanges such as Binance OKX, KuCoin, Bitget, MEXC, and Gate.io
๐ Current Price Analysis as of August 3, 2025
๐ Live Price and Technical Data:
Live Price: $0.2954 USD
24-Hour Change: +1.2%
Market Capitalization: Approximately $54โ$55 million
Trading Volume: $23โ$47 million
Support Levels: $0.285โ$0.275
Resistance Levels: $0.305โ$0.32
๐ Technical Indicators:
Indicator Value/Comment
RSI (14-day) 51 โ Neutral (upward breakout open to breakout)
MACD Positive approach signal in place
50-Day Avg. $0.283 โ Above current price
200-Day Avg. $0.313 โ Potential long-term target
Technically: WalletConnect found support at $0.285. The RSI appears to be in overbought or oversold territory, indicating potential upward movement.
๐ฎ Economic Price Scenarios (After August 3rd)
WalletConnect's resumption of a larger budget and dApp could increase demand for the WCT token.
New updates to the protocol's governance or the acquisition of staking rights could push the price upwards.
Increased liquidity on major exchanges like Binance and OKX would also contribute positively to the price.
Scenario Target Price (Short-Term)
Sideways $0.29 โ $0.30
Positive news outcomes $0.32 โ $0.35
Bullish scenario $0.38 โ $0.42
โ Summary Assessment
WalletConnect has become a cornerstone of the decentralized ecosystem.
The current price of $0.295 remains technically close to a resistance test.
Developing integrations, new releases, and collective management could pave the way for a rise in the medium term.
If the overall market is positive, #WCT has a growth potential of 20%โ30% by the end of the year.