The WalletConnect Token ($WCT ) has risen by 4.90% over the last 24 hours, outperforming the overall cryptocurrency market, which has decreased by 0.17%. The main reasons for the growth are the integration into the Optimism network by Coinbase, positive technical signals, and activity on exchanges.

Momentum from the Coinbase listing — trading of $WCT on the Optimism network by Coinbase started on August 14, which increased liquidity.

Technical breakthrough — the price has surpassed key moving averages, and the RSI index shows a bullish sentiment.

Increase in volumes on exchanges — the trading volume over 24 hours has increased by 222% to $159 million, confirming speculative interest.

The rise of $WCT over the last 24 hours is due to increased liquidity thanks to Coinbase, technical factors, and speculative activity. Despite the short-term bullish sentiment, long-term sustainability depends on the adoption of the WalletConnect protocol (used by over 600 wallets) and prudent supply management#wct #WalletConnect @WalletConnect