$WCT WalletConnect Token (WCT) – Fundamental and Technical Analysis

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Fundamental Overview

• Multi-Chain Expansion: WCT has expanded to the Solana blockchain, integrating with wallets like Phantom and JupiterExchange. This move includes a 5 million WCT airdrop to active Solana users, enhancing cross-chain interoperability and liquidity.

• Binance Integration: Binance has completed the integration of WCT on the Ethereum network (ERC-20), enabling deposits and withdrawals. Additionally, WCT was introduced as the 67th project on Binance Launchpool, allowing users to farm WCT by staking BNB and other tokens.

• Staking and Governance: The WalletConnect Foundation plans to activate new governance tools for WCT holders and introduce token-based incentives for apps, wallets, and users, further expanding WCT’s utility.

• Market Activity: Despite a recent price correction, WCT maintains a high trading volume, indicating sustained market interest.

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Technical Analysis

• Price Movement: WCT experienced a sharp rally from $0.20 to an all-time high of $1.39, followed by a correction to the current price around $0.58.

• Support and Resistance Levels:

• Immediate Support: $0.50 – $0.60

• Resistance: $0.85 – $1.00

• Indicators:

• RSI: Currently in the neutral zone, suggesting potential for upward movement without being overbought.

• MACD: Shows a bearish divergence, indicating a possible reversal if momentum shifts.

• Volume: Elevated trading volumes during the recent correction suggest strong market participation and potential accumulation.

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Price Predictions

• Short-Term (2025): Analysts predict WCT could reach an average price of $0.93, with potential highs up to $1.22, depending on market conditions and adoption rates.

• Mid to Long-Term (2030): Projections estimate WCT could achieve prices between $1.00 and $2.61, reflecting continued growth and utility expansion.

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