Undervalued $WCT: Why its value is 10 times higher than you think?

#WalletConnect @WalletConnect $WCT

Many people still perceive $WCT as a "governance token", but few know that this token, relying on the WalletConnect ecosystem, has long been severely undervalued. Not to mention the support of over 600 wallets and 65,000+ applications, the sheer scale of serving 47.5 million users and completing over 300 million on-chain connections is enough to multiply its value several times.

The "hidden value" of WCT lies in three under-explored points: first, the "monopoly" of full-chain connections; currently, 70% of cross-chain connections in the Web3 market are completed through WalletConnect, and WCT is the only equity carrier of this "monopoly channel"; second, the "blue ocean" of the enterprise market; the demand for secure cross-chain services in cross-border trade and financial institutions is exploding, and connecting to WalletConnect requires staking WCT, which part of the demand has not yet been fully released; third, the potential for "stake aggregation"; in the future, WCT may become the "universal points" for all services within the ecosystem, allowing discounts to be unlocked from DeFi wealth management to NFT trading.

What’s even more noteworthy is that WalletConnect plans to launch the "WCT Value Multiplication Plan": within the next six months, 50% of enterprise service revenue will be used to repurchase and burn WCT, while opening up "Connection Scenario Mining 2.0" to enhance the scarcity and demand of the token. When the market truly realizes the "irreplaceability" of $WCT in the Web3 connection ecosystem, its value may indeed be 10 times higher than it is now.