WalletConnect Token (WCT), as the platform token of the Web3 connection protocol, soared to $1.4 at the beginning of 2025 before plummeting to $0.5, a decline of over 60%. The main reasons for the crash are airdrop sell-offs and weak market sentiment, with technical analysis showing short-term support in the $0.5 range.

What does the future hold for WCT? Its prospects are worth discussing. WalletConnect supports over 600 wallets and 40,000 dApps, with connection numbers reaching 240 million, occupying an important position in the Web3 ecosystem. Its cross-chain integration (such as Ethereum and Solana) and the vision of being the 'Visa of Web3' lay the foundation for its long-term potential. The growth of DeFi and Web3 applications in 2025 may drive demand for WCT, with an optimistic forecast that the price could reach $3.22 by 2030. However, in the short term, the Bitcoin cycle, regulatory uncertainties, and competitive pressures may continue to drag down prices, and the risks of speculative trading should not be overlooked. In terms of investment advice, it is advisable to wait and see in the short term until prices stabilize or fall to support levels before considering building positions at lower levels, and to enforce strict risk control when using high-leverage trading. In the long term, if the Web3 narrative continues to gain traction, WCT may encounter opportunities due to ecosystem expansion and SDK upgrades. Investors should pay attention to its technological advancements and partnership dynamics while diversifying investments to mitigate market volatility risks. In summary, WCT is under short-term pressure but has promising long-term potential. $WCT