WalletConnect Token (WCT) is the native utility and governance token of the WalletConnect Network, a decentralized protocol that facilitates secure connections between cryptocurrency wallets and decentralized applications (dApps) across multiple blockchains. Launched in September 2024, WCT plays a pivotal role in enhancing the network’s decentralization, incentivizing participation, and ensuring its long-term sustainability.
Utility of WCT:
- Governance: WCT holders can propose and vote on network upgrades, fee structures, and strategic initiatives, facilitating community-driven development.
- Staking: Users can stake WCT tokens to support network security and decentralization. Staking rewards are distributed based on the amount and duration of the stake, with longer commitments yielding higher rewards.
- Rewards: WCT incentivizes network participants, including node operators and wallet providers, through performance-based rewards, promoting active engagement and network reliability.
- Fees: While WalletConnect currently does not charge fees for its services, WCT may be used for network fees in the future, subject to community governance decisions.
WCT Current Price Overview
As of April 21, 2025, WalletConnect Token (WCT) is trading at:
- $0.4065 USD
- ₹45.41 INR
Tokenomics Snapshot
- Total Supply: 1 Billion WCT
- Circulating Supply: 186.2 Million WCT
- Max Supply: 1 Billion WCT
WCT Technical Analysis
Chart Overview (1D Timeframe)
- EMA Alignment: Price currently holding above the 20 EMA, indicating short-term bullish pressure.
- MACD Momentum: Just flipped bullish; potential continuation to the upside.
- RSI Reading: 69 — bullish but with room for more upside before being overbought.
- Trend Pattern: WCT is in a rising wedge, commonly followed by a breakout (or a retrace if volume drops).
Key Price Levels
- Immediate Resistance: $0.44
- Major Resistance: $0.52
- Support Zones: $0.36 and $0.29
Fundamentals & Ecosystem Highlights
- Cross-App Connectivity: Powers millions of secure onchain app connections across 600+ wallets.
- Adoption & Reach: 23M+ users and rapidly expanding support across DeFi, NFTs, and multi-chain protocols.
- Token Utility: Used for governance, incentives, and contributing to network growth.
- Optimism Chain Launch: Benefits from scalability and low-cost infrastructure while maintaining Ethereum-grade security.
- Ecosystem Growth: Strong momentum from integration with flagship wallets and top-tier DeFi projects.
WCT Price Forecast (2025–2030)
| Year | Bearish Case | Bullish Case | Highlights |
| 2025 | $0.30 | $0.65 | Ecosystem expansion phase |
| 2026 | $0.48 | $0.90 | User growth and app adoption |
| 2027 | $0.65 | $1.20 | Governance and rewards system scales |
| 2028 | $0.85 | $1.75 | Multi-chain integrations peak |
| 2029 | $1.00 | $2.20 | Mainstream adoption and enterprise use |
| 2030 | $1.20 | $2.80 | Fully decentralized app ecosystem |
Conclusion
WalletConnect Token is more than just a utility token — it’s the fuel behind one of the most widely used onchain connectivity networks. With millions of active connections and real-world utility across apps and wallets, WCT is well-positioned for long-term growth. The combination of Optimism’s tech stack, wide-scale integration, and increasing token utility gives it strong fundamentals to rally in the years to come. However, near-term price action will depend on sustained usage growth and broader market sentiment.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse from any loss from such transactions.
