In the ever-evolving landscape of cryptocurrency, tokens like WalletConnect Token (WCT) play a pivotal role in connecting blockchain ecosystems with various mobile applications. As one of the cryptocurrencies in the digital market, WCT is no stranger to fluctuations in price and demand, reflecting its position as an influential asset within the wider blockchain community.
The fluctuating prices of WCT can be attributed to several factors that influence cryptocurrency markets. The token's price today stands at $0.288629 USD, which may vary due to constant updates by various platforms dedicated to real-time pricing information and market analysis. This price represents the latest valuation of WCT in relation to the US Dollar (USD), a benchmark currency that helps investors gauge their holdings' worthiness on an ongoing basis.
Moreover, the 24-hour trading volume of $33,450,183 USD indicates the amount of cryptocurrency exchanged within this timeframe. This figure is crucial for understanding market demand and supply dynamics, as well as potential trends in WCT price action. A high trading volume suggests a vibrant market with active participation, which could translate into more significant price fluctuations.
WalletConnect Token's (WCT) market ranking as the #926 cryptocurrency by market cap reveals its position among all existing cryptocurrencies. This metric reflects not only the total value of WCT but also how it fares against other digital assets in terms of size and liquidity within the crypto space. It is essential to note that market rankings are subject to change, influenced by fluctuations in price and overall adoption rates across different applications and platforms.
At present, WCT's price sits at $0.323800 after experiencing a recent peak of $0.330900 within the day. This downward trend may be indicative of market sentiment towards the cryptocurrency, which can influence investor behavior and impact short-term price movements. The continuous decline from earlier highs might suggest temporary oversold conditions or bearish pressure in the market for WCT.
In addition to its USD valuation, WCT is also tradable against other cryptocurrencies and major fiat currencies like the Chinese Yuan (CNY). As of now, WCT is valued at ¥2.37 CNY with a 24-hour trading volume of ¥261,328,621.57 CNY, reflecting its accessibility and versatility within different fiat economies.
The live updates and market data provided by platforms like the WalletConnect Token price tracker allow users to stay abreast of current trends and make informed investment decisions. These tools not only provide real-time WCT to USD rates but also offer comprehensive insights into markets, liquidity, and potential future forecasts.
Over the last 24 hours, WTC's value has increased by approximately $0.3209, marking a modest 1.37% gain in its market price. This appreciation can be attributed to various factors, including positive news from the cryptocurrency community or changes in institutional interest in WCT.
Furthermore, the exchange rate of WCT (1 WCT = 0.380296USD) and USD-WCT pair (1 USD = 2.63WCT) provide a snapshot of their interconvertibility. The live WCT to USD calculator continuously updates these values based on real-time data, ensuring that users can readily convert or gauge the worthiness of holding WTC in relation to the US Dollar.
In conclusion, WalletConnect Token (WCT) price fluctuations are influenced by a myriad of factors within the cryptocurrency market environment, including trading volume, market cap ranking, and interconversion values with major fiat currencies like the USD and CNY. As an investor or observer in this space, staying informed about WTC's current pricing status is crucial for making well-informed decisions in the volatile world of digital assets.