Here’s a detailed breakdown of WalletConnect Token (WCT) — its current status, token utility, on-chain health, and market outlook:

🛠️ Token Utility & Governance

• Core utility: WCT is the native token for governance, staking, and node operation within the WalletConnect Network ecosystem .

• Holders can propose/vote on protocol changes.

• Stake tokens to run network nodes and earn rewards .

• Ecosystem: WalletConnect serves as a cross-chain wallet connection protocol, enabling connections between 600+ wallets and 40,000+ dApps — a strong Web3 infrastructure play .

🔍 Recent Performance & Technicals

• All-time high: ~$1.35 on May 30, 2025 — currently down ~77% from that peak .

• All-time low (recent): Around $0.279 in mid-April 2025 .

• Sentiment & TA:

• Technical indicators remain bearish (e.g., MACD below signal, negative histogram) .

• On TradingView Aggregated tools, the signal leans “sell” .

🔮 Forecasts & Price Projections

Markets paint a mixed but cautiously bullish picture:

Source Short-Term Outlook Long-Term Outlook

CoinCodex July–Dec 2025: avg $0.24–0.25 (flat–modest gain) 2026–2027: $0.49–0.68 avg; potential +130–140%

SwapSpace/TradingView Mixed: sell signal for 2025 (avg $0.18); bullish in 2026 ($0.67); choppy 2027/2028

Binance community Consensus estimates: $0.324 in 2026; $0.394 by 2030

DigitalCoinPrice Potential spike to $0.66 mid‑2025; targets $1+ by ’27 and up to $2.2 by ’31

🧭 Summary & Outlook

At ~$0.31, WCT appears to be in a consolidation phase following a sharp correction from ~$1.35. The path forward hinges on:

1. Network growth & utility — broader usage will boost on-chain demand.

2. Unlock schedule & token flow — large vesting could trigger supply pressure.

3. Macro sentiment — bullish crypto cycles could lift tokens with real utility like WCT.

Potential plays:

• Traders might view it as a medium-term recovery bet, capitalizing on technical oversold $WCT conditions.

• Long-term holders could lean on its governance#WCTToken