DataFi - Onchain Research

$WCT Evaluation

PROS

- The ICO/IEO price was $0.2 in the first round earlier this year (current price is a good entry point).
- 30M USDT has been staked by 43k users, with an average of $1.5k per user since December 2024 → if they're staking for airdrops, they're unlikely to withdraw soon, since the airdrops are somewhat proportional to the staking amount.
- Market cap is $60M (at $0.3 price). Check why people are staking — if user staking increases by 50%, the price could ~2x (not even factoring in FOMO from news that could trigger that extra 50% growth). If it hits 75% growth, the price could 4x. Note: this assumes an average of ~5k WCT staked per user.
- WCT is currently at a good entry price. With hundreds of wallets competing, you'll notice when logging into a dApp that there are often 3 connection options:
*Protocol xyz...v.v Ex :gmail
*Wallet
*WalletConnect
- This provides a seamless UX for wallet and dApp connection.
- Currently, WTC's revenue doesn't come from retail, but there's no fear of dying out — major wallets are booking priority slots with WTC to increase their own retention, which brings notable value.

CONS

- Why rely on staking users? Because WTC doesn't yet have a clear revenue model.
- There are 3 possible models: subscription, fee-based, advertising.
- WTC seems to be leaning towards the advertising model. But it's unclear how this value is shared with retail users, or how to make them understand it.
- It's vulnerable to future strategic decisions. It’s hard to draw up ambitious plans because this kind of app doesn’t store keys, passwords, or user info — meaning it can’t deeply mine user data.
→ And if they want to build a full app, it’d be hard to boldly claim they don’t manage keys anymore.

President Trump’s "retaliatory tariffs" have officially come into effect, impacting over 185 countries.

China is the hardest hit by U.S. tariffs.

China’s Ministry of Foreign Affairs stated that it will continue to take firm and strong measures to protect its legitimate rights and interests.

• China 🇨🇳 – 104%

• Lesotho 🇱🇸 – 50%

• Cambodia 🇰🇭 – 49%

• Laos 🇱🇦 – 48%

• Madagascar 🇲🇬 – 47%

• Vietnam 🇻🇳 – 46%

• Myanmar 🇲🇲 – 44%

• Sri Lanka 🇱🇰 – 44%

• Falkland Islands 🇫🇰 – 41%

• Syria 🇸🇾 – 41%

• Mauritius 🇲🇺 – 40%

• Iraq 🇮🇶 – 39%

• Guyana 🇬🇾 – 38%

• Bangladesh 🇧🇩 – 37%

• Botswana 🇧🇼 – 37%

• Liechtenstein 🇱🇮 – 37%

• Serbia 🇷🇸 – 37%

• Thailand 🇹🇭 – 36%

• Bosnia and Herzegovina 🇧🇦 – 35%

• North Macedonia 🇲🇰 – 33%

• Angola 🇦🇴 – 32%

• Fiji 🇫🇯 – 32%

• Indonesia 🇮🇩 – 32%

• Taiwan 🇹🇼 – 32%

• Libya 🇱🇾 – 31%

• Moldova 🇲🇩 – 31%

• Switzerland 🇨🇭 – 31%

• Algeria 🇩🇿 – 30%

• Nauru 🇳🇷 – 30%

• South Africa 🇿🇦 – 30%

• Pakistan 🇵🇰 – 29%

• Tunisia 🇹🇳 – 28%

• Kazakhstan 🇰🇿 – 27%

• India 🇮🇳 – 26%

• South Korea 🇰🇷 – 25%

• Brunei 🇧🇳 – 24%

• Japan 🇯🇵 – 24%

• Malaysia 🇲🇾 – 24%

• Vanuatu 🇻🇺 – 22%

• Ivory Coast 🇨🇮 – 21%

• Namibia 🇳🇦 – 21%

• European Union 🇪🇺 – 20%

• Jordan 🇯🇴 – 20%

• Nicaragua 🇳🇮 – 18%

• Zimbabwe 🇿🇼 – 18%

• Israel 🇮🇱 – 17%

• Malawi 🇲🇼 – 17%

• Philippines 🇵🇭 – 17%

• Zambia 🇿🇲 – 17%

• Mozambique 🇲🇿 – 16%

• Norway 🇳🇴 – 15%

• Venezuela 🇻🇪 – 15%

• Nigeria 🇳🇬 – 14%

• Chad 🇹🇩 – 13%

• Equatorial Guinea – 13%

• Cameroon – 11%

• Congo – 11%