đ Analysis of WalletConnect Token (WCT)
WalletConnect Token (WCT) trades around $0.34, with a 24âhour volume near $38âŻmillion and a market cap of approximately $63âŻmillion .
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âď¸ What is WCT?
WCT is the native token for the WalletConnect protocolâan infrastructure service that enables users to securely connect their Web3 wallets (over 600 supported) to dApps across mobile and web . The token is used for governance, service node staking, and rewarding node operators.
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đ Price & Market Trend
Short-term performance: WCT has declined about â12% over the past week but shows a slight +1% bounce today .
Technical outlook: Traders spot a key support zone, with bullish analysts drawing long setups around $0.59â0.94, targeting potential upside if demand holds .
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đŽ Forecasts & Sentiment
Short-term forecasts: Predictions for midâ2025 are mixedâwith some platforms expecting a dip toward ~$0.27, while others forecast recovery to $0.47â$0.60 .
Long-term outlook: By 2027â2029, some models expect WCT to hit $0.60â$1.20, though bearish views warn of potential drops to ~$0.15 .
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â Key Takeaways
Factor Implication
Real use-case Strong utility in Web3 wallet interoperability and DAO governance
Volatility Market cap is modest; price swings are common
Entry point Current level may attract long-term holders; short-term risk is elevated
Future upside Bullish narrative tied to broader Web3 infrastructure adoption
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đ§ Bottom Line
WalletConnect Token sits at the center of a widely-used Web3 connectivity layer. Its price reflects both promise and uncertainty: the utility is strong, but the token remains subject to market volatility and shifting forecasts. For long-term investors confident in Web3 growth, accumulating near current support could be appealing. Those wary of short-term swings may wait for clearer technical confirmation above key resistance levels before entering.