Overview: $WCT is the native token of the WalletConnect network, a secure, multi-chain infrastructure that connects crypto wallets with decentralized applications (dApps). The project @WalletConnect has supported hundreds of millions of connections, serving millions of users, and offers features such as staking, governance, and node operator rewards. The token is issued on the Optimism blockchain, with a maximum supply cap of 1 billion tokens and no inflation.
Current Status:
- Price: approximately $0.08 (slightly up by about 1.2% in the past 24 hours, but still very low compared to the historical high of $1.37).
- Market cap: Approximately $25 million.
- 24-hour trading volume: Approximately $13 million.
- Rank: Around #660 on CoinMarketCap.
- Circulating supply: Around 320 million tokens (about 680 million tokens still locked and will be gradually unlocked before 2026).
- RSI: Oversold, potentially creating short-term opportunities, but pressure from unlocked tokens remains high, leading to volatility.
Recent activities:
The newly launched community hub (where users can earn points and badges by connecting wallets, following X/Discord, etc.) has generated excitement in the community. This signals future $WCT reward distributions, encouraging early user engagement. On X, many users are actively working to earn points in preparation for rewards.
Potential:
Short-term goals (2026): Full governance activation, expansion across multiple chains (e.g., Polygon, Arbitrum), and integration of payment and on-chain user experience. The price may fluctuate between $0.10 and $0.15 (with potential gains of 20% to 80% if adoption is high), but large token unlocks remain a major risk.
- Long-term (2027–2030): If WalletConnect continues to lead in Web3 infrastructure (wallet-dApp connectivity), the price is expected to range between $0.09 and $0.26 (conservative estimate), with potentially higher prices during bull markets. For long-term holders who believe in Web3 infrastructure, this token has medium-to-high potential.
Risks: Token unlocks leading to sell-offs, competition from other protocols, and volatility in the altcoin market.
$WCT is a high-quality infrastructure token currently undervalued. It may be suitable for long-term investment if you follow its development roadmap and actively participate in community activities. However, this is not investment advice—conduct your own research and manage risks accordingly!
