$WCT Technical and fundamental analysis PART3

Market Cap: $76.43 million USD, with a CoinMarketCap ranking of #424.

Circulating Supply: 186.2 million WCT.

Note: Cryptocurrency prices are volatile, and users should conduct their own research before investing.

Binance Launchpool Mechanics:

Farming Period: Ended on April 14, 2025. Users staked BNB (85% of rewards), USDC (10%), or FDUSD to earn WCT.

Eligibility: Staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in Binance Keyless Wallet were included in reward calculations.

Listing Date: WCT began trading on Binance on April 15, 2025, at 11:00 UTC.

Development and Roadmap:

Origin: Founded in 2018 by Pedro Gomes, WalletConnect initially solved desktop-to-mobile wallet connectivity issues via QR codes.

Evolution: Expanded to support mobile apps, browser extensions, and Sign-in With Ethereum (SIWE).

Future Plans: The WalletConnect Foundation aims to enhance decentralization and expand cross-chain support.

Community Round: A token sale with zero lockup was conducted on CoinList, broadening retail access.

Sentiment on X

Posts on X highlight strong community enthusiasm for WCT’s Binance Launchpool listing, emphasizing its role in securing Web3 connections and its potential as an undervalued token. Users note its widespread use in wallets like MetaMask and Trust Wallet, with some estimating significant airdrop profits.

However, these posts reflect sentiment and may contain speculative claims, so they should not be taken as factual evidence without verification.

Risks and Considerations

Price Volatility: WCT’s price is subject to market fluctuations, as seen with an 8.41% drop in a single day.

Regulatory Risks: Cryptocurrency projects face regulatory scrutiny, as evidenced by Binance’s past investigations.

Due Diligence: Users should verify DApp trustworthiness and URLs when using WalletConnect to avoid scams.

Investment Warning: Never invest more than you can afford to lose, and conduct independent research.

To be continued ....