The decline of $WCT T is related to both the overall market downturn and internal project factors — a decrease in hype after the listing and unresolved tokenomics issues (only 18.6% of the total volume is in circulation). Despite hints from MACD of possible short-term stabilization, sustainable growth will require either strengthening of the market as a whole or progress in the development of the WalletConnect network (over 337 million connections since the beginning of the year).
What to pay attention to: will $WCT be able to hold the Fibonacci level at $0.2827, and will the partnership with Global Dollar Network (announced on August 13) bring new demand for the token?
