Yesterday, April 16, 2025, WalletConnect Token (WCT) experienced significant volatility.
* Price Movement: WCT reached an all-time high of approximately $0.6231. However, it also touched an all-time low of around $0.2814 within the same day.
* Trading Volume: The 24-hour trading volume for WCT was notably high at $362,409,499, indicating substantial market activity.
* Price Change: There are conflicting reports on the exact percentage change for the day. Some sources indicate a price increase, while others suggest a decrease. For example, one source mentions a +0.00% change, while another indicates a significant increase of over 200% at one point before settling lower.
* Market Sentiment: The market appeared to be highly reactive to WCT, with rapid price swings and a large trading volume.
General Information about WalletConnect Token (WCT):
* Function: WCT is the utility token of the WalletConnect network. It is used for paying network fees (like relay usage), incentivizing network security and efficiency through rewards, staking for earning rewards and participating in governance, and allowing holders to vote on proposals for the network's development.
* Circulating Supply: Approximately 186.20 million WCT tokens are currently in circulation.
* Maximum Supply: The total maximum supply of WCT is 1 billion tokens.
* Market Capitalization: As of today, April 17, 2025, the market capitalization of WCT is around $75 million USD, ranking it around #487 on CoinGecko.
* Trading Platforms: WCT can be traded on various centralized cryptocurrency exchanges, with Binance, OKX, and Gate.io being popular options. The most active trading pair is WCT/USDT on Binance.
It's important to note that cryptocurrency markets are inherently volatile, and past performance is not indicative of future results. Always conduct thorough research and exercise caution when trading digital assets.
