$WCT Today, January 23, 2026, WalletConnect Token (WCT) is experiencing a period of stabilization and high community engagement following its recent staking updates.
Here is a short analysis of its current market status:
Market Performance (Jan 23, 2026)
Price Action: WCT is currently trading around $0.072 – $0.073, showing a slight daily cooling of about -2% after recent volatility.
Trading Volume: The 24-hour volume remains healthy at approximately $8M – $10M, indicating active interest despite the price consolidation.
Market Cap: Its circulating market capitalization sits at roughly $13.5M – $23M (depending on the supply metrics used), ranking it in the top 700–1400 range of cryptocurrencies.
Key Highlights for Today
Staking Incentives: The "Wave 2" staking program is currently live, having distributed 1.9M WCT to long-term stakers this week. This is designed to lock up supply and boost governance participation.
Supply Dynamics: The market is adjusting to a recent supply revision where roughly 8.2M WCT were added to the Q1 2026 circulation for ecosystem growth.
Technical Outlook: On the 4-hour charts, indicators like the RSI are in a neutral zone, suggesting the token is in an "accumulation phase" rather than a sharp breakout or crash.
Ecosystem Role: As a "Seed Tag" project on Binance, it remains a high-risk, high-reward asset focused on the Web3 infrastructure used by over 40,000 dApps.
Strategic Note
While the current price is significantly below its all-time high of $1.34 (set in May 2025), the project's shift toward a decentralized DAO and a 30% APY staking target are the primary drivers for holders right now.
#WEFDavos2026 #TrumpCancelsEUTariffThreat #GoldSilverAtRecordHighs #USJobsData
