$WCT Under the Microscope: Promise or Pump?"

#WCTToken $WCT #Wct wallet

What Is WCT Token?

WCT is the native token of WalletConnect, a key protocol used to link wallets and dApps across blockchains. It supports governance, staking, rewards, and future fee mechanisms .

📈 Market Performance & Volatility

Launch & initial surge: WCT debuted on April 15 around $0.40, spiked to ~$0.63, then quickly dropped over 30% due to early sell-offs .

Current price: ~$0.296 (stable now, but well below peak) .

Market cap and volume: ~$81 M market cap and ~$102 M 24‑h volume indicate robust trading activity .

⚠️ Technical Risks & Bearish Outlook

Analysts have spotted a Head and Shoulders pattern (a bearish reversal signal). If the price breaks below the $0.35–$0.36 neckline, it could fall toward $0.28–$0.30 or lower .

🛡️ Use Case & Long-Term Potential

WCT underpins WalletConnect’s decentralization:

Empowers node operators, wallet & dApp developers through staking and governance .

WalletConnect boasts 40 M+ users, 275 M+ connections in March—a strong base for token demand .

Analysts expect WCT to trade between ~$0.65–$1.25 by end‑2025, reflecting cautious optimism .

👎 Potential Red Flags & Market Manipulation

There are widespread warnings about pump-and-dump schemes:

“WCT could be the next CLEU … WhatsApp groups targeting investors – BEWARE!”

“They lure investors … once enough people buy in, they sell off their holdings for profit.”

These stem from concerns over aggressive promotion in private chat groups, echoing past crypto/stock scams.