#WalletConnect (WCT), an open-source network that connects users to decentralized applications through secure and interoperable protocols.

What is the valuation ceiling for WalletConnect (WCT) after it goes live? — Market analysis and prediction

I. Introduction to WalletConnect and WCT tokens

WalletConnect is a chain-agnostic protocol ecosystem designed to provide users with secure and convenient cross-wallet and application connection services. Since its launch in 2018, it has connected over 600 wallets and 40,000 applications, providing 150 million connections to over 23 million users. Today, WalletConnect has been rebranded as Reown and launched its native token WCT.

WCT tokens are the core of the WalletConnect network and have the following functions:

Network GAS, rewards, staking, governance

The total supply limit of WCT is 1 billion tokens, among which:

27% allocated to the WalletConnect Foundation;

18.5% distributed to users and contributors through airdrop;

The remaining portion is allocated for the team, rewards, previous supporters, and core development.

II. Key impacts on WCT token valuation

The valuation of WCT tokens is not determined by a single factor but is influenced by a combination of multiple conditions. Here are several main factors:

WalletConnect has raised over $24.75 million from well-known institutions such as Hashkey, Coinbase, ConsenSys, and Circle. These resources will be used to promote the listing of WCT and ecological development, providing support for valuation.

Airdrop plan

WalletConnect plans to airdrop 185 million WCT (18.5% of total supply) to reward early users and attract more participants. The airdrop may temporarily increase circulation and impact prices, but in the long run, it helps expand the community.

III. Potential valuation predictions for WCT tokens

As WCT has not yet been listed on major exchanges, its valuation is currently speculative. However, based on the factors mentioned above, we can speculate several possible scenarios:

Normal:

Valuation range: $0.40 - $0.50 per token

Reason: Consistent with the pre-sale price, reflecting its fundamental utility and market acceptance.

Optimistic

Valuation range: $0.60 - $0.80 per token

Reason: Strong demand and community involvement are driving prices up.

Pessimistic

Assumption: The market is sluggish, and the airdrop effect is poor.

Valuation range: $0.20 - $0.30 per token

Reason: Increased circulation and weak market sentiment are putting pressure on prices.

Estimated total market capitalization:

If calculated at $0.50 per token, the total market capitalization of WCT when fully diluted is approximately $500 million. This is comparable to the valuation levels of similar blockchain infrastructure projects.

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