WCT (WalletConnect Token) rose 7.35% in 24 hours

Gate News Bot news, on November 20, according to CoinMarketCap data, as of the time of this report, WCT (WalletConnect Token) is currently priced at $0.16, with a rise of 7.35% in the last 24 hours, peaking at $0.17 and dropping to a low of $0.11, with a 24-hour volume of $149 million. The current market capitalization is approximately $33.1 million, an increase of $2.27 million compared to yesterday.

Recent important news about WCT:

1️⃣ Stacks successfully integrated with WalletConnect Stacks has officially completed its integration with WalletConnect, a move that significantly lowers the barrier for third-party wallets to access the Stacks network. Through this integration, any wallet connected to WalletConnect can quickly support Stacks address generation and transaction signing via standard protocols, without the need to implement the complete Stacks Connect discovery logic. This will greatly expand the wallet compatibility range within the Stacks ecosystem and is expected to encourage more mainstream multi-chain wallets to support STX stacking, sBTC, and Bitcoin Layer 2 applications.

2️⃣ market attention continues to rise The WCT token has recently performed strongly, with a price rise of 7.35% in the last 24 hours and a volume of 149 million USD, reflecting the growing interest in the WalletConnect project in the market. This trend may be closely related to its technological advancements in cross-chain interoperability and decentralized wallet connections, attracting more investors and users' attention.

3️⃣ The ecosystem expansion strategy is showing results WalletConnect is actively expanding its ecosystem by collaborating with different blockchain platforms to broaden its application scope. The successful integration of Stacks is a concrete embodiment of this strategy, which not only enhances the utility of the WCT token but also increases its competitiveness in the decentralized applications (DApps) market. This ongoing ecological expansion is expected to bring more application scenarios and value rise for WCT.

From a technical perspective, the price of WCT has maintained an upward trend for several consecutive days, breaking through previous resistance levels. However, investors should remain vigilant about the risks posed by market fluctuations, especially the potential pullback that may occur after a significant rise.

This message is not an investment advice; investors should be aware of market volatility risks.