WalletConnect Token ($WCT ) grew by 9.29% over the last 24 hours. To start, let's look at the available data. The current price shows a noticeable increase over the day, which stands out against the changes over 7 and 30 days.
It is often mentioned in the news that Coinbase added support for $WCT on the Optimism network. Coinbase's announcement on August 13 about the start of trading on August 14 was likely a key factor in the growth. Listings on major exchanges usually lead to price increases due to increased availability and attention from investors.
It is often mentioned in the news that Coinbase added support for WCT on the Optimism network. Coinbase's announcement on August 13 about the start of trading on August 14 was likely a key factor in the growth. Listings on major exchanges usually lead to price increases due to increased availability and attention from investors.
Regarding technical analysis, the Relative Strength Index (RSI) is around 52.15, indicating that the coin is not yet overbought and has potential for further growth. The MACD histogram is slightly negative, but the lines are close to each other, which may indicate a possible trend reversal. The price is above the 7-day simple moving average (SMA), which is a positive signal.
It is also worth considering the opinion of the community and discussions on social media. Users mention that WCT may reach the $1 mark again, which could create a FOMO (fear of missing out) effect. However, the high volume of coins in circulation and past price fluctuations remain risk factors.
In a broader context, the cryptocurrency market grew by 3.96% over the last 24 hours, so part of WCT's growth may be related to the overall upward trend. However, WCT showed stronger growth, indicating the influence of coin-specific factors.
In summary: the main driver of growth was the listing on Coinbase, technical indicators support a positive sentiment, and market sentiments and discussions in the community play a secondary role. It is also important to consider the risks associated with high supply and volatility. Additionally, it is worth keeping an eye on further events, such as changes in liquidity after the listing.$WCT #wct#WalletConnect@WalletConnect
