📈 WalletConnect (WCT): New Staking Could Change the Game

$WCT

🔹 Staking Update Completed

• Record 3-hour voting approves key changes.

• New features: perpetual staking, user unlock, and flexible terms (4 to 104 weeks).

• Change occurs alongside the end of Claim WCT on Solana, realigning the infrastructure.

🔹 Market Driving Factors

• Fixed supply: 1 billion WCT, creating potential scarcity effect.

• Governance-driven redesign, improving liquidity and reward efficiency.

• Historical data shows such changes generate volatility of +15% to +30% in the first week.

🔹 Important Technical Levels

• Resistances: $0.85 (20d EMA) and $1.10 (all-time high).

• Supports: $0.60 (50d SMA) and $0.45 (Fibonacci).

• Perpetual staking could reduce circulating supply by up to 25% in 6 months.

🔹 Community Sentiment

• Highlight on the balance between adoption and supply control.

• Expectation of greater token retention due to new incentives.

• Roadmap released on X increases project visibility.

#WalletConnect @walletconnect