Let's figure out why WalletConnect Token ($WCT ) has risen by 2.44% in the last 24 hours. To do this, we need to analyze all available information and highlight key factors.
According to current data, a 2.44% increase is a small but positive shift. However, over the past 7 and 30 days, the trend has been negative, indicating that this is more likely a short-term rise. The market capitalization is around 57 million dollars, and the trading volume is 29.6 million dollars. The turnover ratio is 0.514, which indicates moderate liquidity.
If you look at the news, the main event is the addition of WCT support on the Coinbase platform in the Optimism network. Several sources report that Coinbase announced this on August 12 and 13, and trading started on August 14. Typically, a listing on a major exchange increases token recognition and improves liquidity, which contributes to price growth.
The news also mentions partnerships of WalletConnect and their institutional adoption. For example, joining the Global Dollar Network could expand the token's use cases in stablecoin operations. Additionally, there is a campaign with a token airdrop and community events, which may stimulate short-term interest.#wct #WalletConnect @WalletConnect