WalletConnect Token ( $WCT ):
A Potential Rebound Ahead?
Hello, Binance Community,
Today, I’m sharing insights on WalletConnect Token ( $WCT ) and its potential for recovery.
1. Current Market Status
WCT is currently priced at approximately 0.295, down 5% in the last 24 hours and 14% this week. The trading volume remains strong, between 15 millionand 30 million.
2. Recent Price Movements
After reaching an all-time high of $1.35 in May, WCT has pulled back. With around 186 million tokens in circulation, it is still in the early growth phase.
3. Real-World Applications
WCT powers WalletConnect, facilitating interactions across Web3 wallets and applications on networks like Ethereum and Solana. It is essential for governance, staking, and network expansion.
4. Key Indicators
If market sentiment improves, WCT could target 0.4 to 0.5 in the short term, offering a potential upside of about 20%+ . Key support is at 0.29, with resistance between 0.35$ and $0.38$.
5. Join the Community
Click on $WCT below to check the live price or trade.
Also, consider participating in Binance Square’s #WriteToEarnWCT initiative to earn rewards based on user engagement with your posts.
Let’s grow together!