Factors affecting the price of WCT:
* Growth of the WalletConnect ecosystem: Since WCT is the protocol currency of WalletConnect, any developments or increase in the use of the protocol (such as integrating more wallets or dApps) could positively impact its price.
* Listing on new trading platforms: Listing on large trading platforms or reaching new markets can increase liquidity and demand.
* General market sentiment: The cryptocurrency market as a whole impacts all currencies. Bull runs or bear markets in Bitcoin and other major currencies often affect altcoins like WCT.
* News and events related to the project: Any important announcements from the WalletConnect team, such as protocol updates or partnerships, can affect the price.
* Speculation and whale movements: Like many small to medium currencies, WCT can be susceptible to speculation and movements by large investors ("whales").
Forecasts for this week (based on data available until May 25, 2025):
* Divergence in expectations: Some forecasts indicate the possibility of continued growth, while others see the potential for a price correction after recent increases.
* Trading range: WCT is expected to trade within a certain range. Some sources suggest it could trade between $0.76 and $0.87 USD by June 2, 2025 (with a potential increase of 15%).
* Technical signals: Some recent technical analyses have shown that WCT has reached its all-time highs, but some indicators may suggest "bearish divergence," which could imply the possibility of a short-term correction. Certain support levels (such as around $0.52 USD) may be retested in the event of a correction.
* Liquidity and volume: The currency has a relatively large trading volume and is listed on major exchanges such as Binance, Upbit, and OKX, providing some liquidity.
