In the waves of the crypto world, we are always searching for the next starry sea that leads to the future. At this moment, WalletConnect (WCT) shines like a lighthouse, guiding us onto the new continent of Web3.
WalletConnect serves as a bridge in the Web3 world, connecting countless wallets and applications, tightly linking over 24 million users, more than 600 wallets, and over 40,000 applications. This is not just simple data, but a revolution in user experience in the Web3 era.
As a cornerstone of Web3, WalletConnect is no longer limited to a single chain; it spans multiple mainstream ecosystems such as Ethereum, Optimism, and Solana, truly realizing the vision of cross-chain. When we talk about Web3, we are talking about a new world that is free, open, and interconnected, and WalletConnect is precisely the key link to achieve all of this.
The birth of WCT tokens marks an important step for WalletConnect from being an infrastructure service to a community-governed network. It empowers users with governance rights, allowing every participant to personally shape the future. This is a brand new mode of collaboration, meaning that each of us is not merely a bystander, but a core driving force in the network's development.
From the market performance perspective, the current price of WCT tokens is approximately 0.6691 USDC, with a total market value of about 125 million USD. Trading activity has significantly increased, with a 24-hour trading volume reaching 196 million USD, a month-on-month growth of 42.73%. Recently, the WCT token has been driven by favorable factors from the expansion of the Solana chain and an airdrop plan, leading to significant price fluctuations, and it is currently attempting to break through the key resistance level of 0.67 USDC.
In terms of short-term trading, it is recommended to pay attention to entry opportunities when the price is between 0.6650-0.6750 USDC. After a successful breakout, the price targets are sequentially 0.7200 USDC, 0.7450 USDC, and a more aggressive 0.7800 USDC. At the same time, it is advisable to set a stop loss near 0.6380 USDC to control risk.
Of course, investing is not just about numbers, but also an expression of belief. We choose to invest in WCT not only because we see its current brilliance, but also because we believe in its limitless possibilities for the future. WalletConnect represents not just a technology, but a philosophy—openness, interconnectivity, and freedom.
However, opportunities and risks always coexist, especially with the large-scale token unlock approaching in November, which may bring short-term market volatility. Additionally, challenges in the decentralization process, uncertainties in the regulatory environment, and cross-chain technology risks should also be approached with caution. Yet, great investments have never been without risk; they are a game between risk and reward, where we hold onto our original intentions and look to the long term.
Let us together become witnesses and promoters of the wave of Web3 transformation, joining hands with WalletConnect to step into a new era of open interconnectivity.