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Could Wallet Connect's $WCT token become a top altcoin? It has potential. Wallet Connect is widely known and used. It generates value and generates income. It wasn't surprising that $WCT rose above $1 after its initial listing, but it subsequently dropped below $0.3. $WCT's debut generated significant hype. $WCT rose to as high as $1.3. Let's look at the data:

$WCT's maximum supply is 1 billion units. Its circulating supply is 186.2 million units. 90% of the supply isn't yet in circulation. Its market capitalization is $64 billion. Imagine the entire supply of WCT in circulation; for its current price to remain the same, its market capitalization would need to be 300 million $.

How high do you think $WCT's market capitalization could rise? It has reached a maximum of $252 million so far. In a bull market, it could have potential of up to $1 billion. As Wallet Connect develops, the path for $WCT will also be clear. You should do your math accordingly. You should consider what might happen in the worst case scenario.

WCT is on our watchlist, but let's be clear: it's a coin with a high volatility. Specifically for Wallet Connect, I've explained how to assess supply and market capitalization. This is not investment advice.

#WalletConnect #WCT #Altcoins #Bullish