Current Price: Based on the latest available data, the price of WCT ranges from $0.30 to $0.32.
Market Cap: The market cap of WCT is approximately $56-61 million.
Daily Trading Volume: The daily trading volume of WCT ranges between $25 and $41 million.
Circulating Supply: The circulating supply is approximately 186.2 million WCT tokens, out of a total supply of 1 billion tokens.
Volatility: WCT is considered a volatile currency, having experienced sharp price declines over short periods.
Factors Influencing the Price of WCT
The price of WCT is significantly affected by several factors:
Adoption and Usage: The more wallets and decentralized applications that use the WalletConnect protocol, the greater the demand for the WCT token.
Upgrades and Developments: Any updates or new features launched on the WalletConnect network can positively impact the token price.
General Market Sentiment: The price of WCT is influenced by broader cryptocurrency market trends, especially the price of Bitcoin and Ethereum.
Liquidity: WCT is available on many centralized and decentralized trading platforms, affecting its liquidity and traders' ability to buy and sell it.
