💡 Overview:
WCT is the official token of the WalletConnect protocol, which is used to connect decentralized wallets to Web3 applications across over 300 networks. The project aims to transform the current infrastructure into an operational system based on community governance.
📊 Current Situation:
Price: ~0.309 USDT
Market Cap: ~57.3 million USD
Daily Volume: between 35–43 million USD
Previous High Price: ~1.39 USDT (in May)
🔍 Core Functions of WCT:
Protocol operational fees
Rewards for token holders and liquidity providers
Voting on governance proposals
Staking: over 106 million WCT in more than 142,000 wallets
✨ Key Features:
Backed by well-known institutions such as: Yzi Labs (related to Binance Labs), a16z, and CoinList
15+ million monthly connections via WalletConnect
Economic structure linking users to active participation
Notable success in token sales during public rounds
⚠️ Challenges Facing the Project:
Future release schedules may affect supply dynamics
Correction phase after the end of early incentives, which is normal for such projects
Strong competition from other protocols offering Web3 connectivity solutions
Deep technical focus may not attract short-term trading audience
🧠 Analytical Notes (non-investment):
WCT is a project with a strong infrastructure focused on the Web3 ecosystem, with clear governance mechanisms and disciplined token distribution. However, like any project, it is influenced by market factors, technological developments, and the supporting community.
📌 Important Note:
This content is for educational and analytical purposes only and does not constitute investment advice. Please conduct your own research and consult a financial advisor before making any decisions.
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