Is It Too Late To Buy WCT? WalletConnect Token Price Surges 30% And This Might Be The Next Crypto To Explode

The below article is sponsored, meaning Insidebitcoins may receive a commission for affiliate links in the content. Cryptocurrencies are high-risk investments, and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest.

Join Our Telegram channel to stay up to date on breaking news coverage

The WalletConnect Token price surged 30% in the last 24 hours to trade at $0.9432 as of 2:50 a.m. EST on trading volume that soared 255% to $515.71 million.

The WCT price has surged 36% in the past week and 117% over the past month. The surge is likely a result from the overall bullish market, led by Bitcoin. Still, WalletConnect Token also saw its own advancements, particularly recently, when it announced on May 23 that it is coming to Solana’s blockchain.

In the same post, the project also announced four new partnerships with Phantom, JupiterDAO, Backpack, and Solana’s wallet, Solflare.

WalletConnect Token Price Prediction

The project’s price saw a sharp 30% price increase in the last day, rising from $0.7279 to $0.9616, and hitting an all-time high approximately 10 hours prior to the time of writing. Since hitting a new milestone, its price has corrected slightly, failing to fully breach the resistance at $0.95. But, with a strong support level at $0.90, the project’s price is still sitting just underneath this barrier, attempting to break through and continue its surge toward $1.

For the moment, it’s Bollinger Bands, which saw a major widening during the surge in the last 24 hours, are once again narrowing sharply, suggesting that the project may have lost its momentum. Moreover, the price has moved away from the upper band and is now approaching the lower one.

WalletConnect Token Price Prediction

WCT/USDT chart analysis (Source: TradingView)

WCT’s Relative Strength Index (RSI) also declined from the overbought zone to the neutral value of 50 at the time of writing.

Yesterday, the RSI ventured up to the value of 90, deep in the overbought territory. However, the RSI’s performance since then indicates that many traders may have decided to take profits, rather than continue buying or waiting to see whether the price can continue pushing forward.

Those who made their decisions based on the RSI performance saw a perfect opportunity to cash out before the correction kicks off, and they took it, which will likely lead to a price drop in the hours to come.

Promising Alternative To WalletConnect Token

With the WalletConnect Token price potentially correcting in the hours to come, investors turned to Best Wallet (BEST) — a new crypto wallet project that is taking the crypto market by storm.

The project has been in presale for some time now, and many investors who started using Best Wallet for storing their cryptos moved in to buy its native token, pouring over $12.79 million into BEST’s ICO.

The wallet has garnered significant attention due to its range of features, including support for over 60 blockchains and the ability to store the thousands of different cryptocurrencies that operate on them. It is non-custodial, allowing users to connect their other wallets and manage all their funds from one place.

Additionally, it features a native token launchpad that has already rolled out multiple projects, including Pepe Unchained (PEPU) and Catslap (SLAP). Both projects experienced significant price increases after going live, which encouraged others to join new ICOs offered on the Best Wallet platform, with BEST now being one of them.

Experts from across the cryptocurrency industry have been predicting significant gains for BEST. Among them is YouTuber Crypto Gains, who told his over 148K subscribers that the token has 10X potential.

BEST token also stands to bring additional benefits to its holders, including early access to new projects, lower trading fees, higher staking rewards, and access to community governance.

Right now, the token is selling for only $0.025095, and new investors still have time to join others who bought early and are expecting major gains once the presale ends. Interested investors will want to buy now before the next presale price increase in around 34 hours.

Visit Best Wallet’s website.

Related Articles:

Best Wallet - Diversify Your Crypto Portfolio

Our Rating

Best Wallet
  • Easy to Use, Feature-Driven Crypto Wallet
  • Get Early Access to Upcoming Token ICOs
  • Multi-Chain, Multi-Wallet, Non-Custodial
  • Now On App Store, Google Play
  • 250,000+ Monthly Active Users
Best Wallet

Join Our Telegram channel to stay up to date on breaking news coverage

Read next