Comprehensive Analysis of WalletConnect Token ($WCT )
The token $WCT is the supporting currency for the WalletConnect protocol, which is the secure bridge between decentralized wallets and decentralized applications (dApps).
This project serves over 23 million users across 600 wallets and 40,000 applications on all networks, making it a cornerstone in the Web3 world.
🚀 Fundamental Overview:
• Total Supply: 1 billion WCT with no current inflationary mechanism.
• Launched on the Optimism network to leverage the speed and security of Ethereum.
• Behind the project stands a strong founder and major technical partners such as Consensys, Ledger, and Kiln.
📉 Current Technical Analysis:
• Price: 0.3147 USDT
• Daily Change: -5.5%
• Nearby Resistance: 0.3225
• Strong Support: 0.3011
The token is in a short-term downward trend, but it is based on a strong long-term project. We recommend monitoring price behavior near support to accurately identify entry opportunities.
📌 Do you see WCT as a long-term opportunity or a temporary wave? Share your opinion 👇