Key notes
- The announcement of the Upbit list brought an impressive rise for WCT.
- The WalletConnect token has reached new heights of all time.
- The price increase occurs while the cryptography market is struggling in the bear area.
WalletConnect Token recorded a solid rally after the first South Korean exchange of Crypto Upbit announced the list.
According to the official announcement, Upbit will allow WCT transactions at 9:00 am UTC on April 16. The exchange will support the optimism -based token with Korean Won, Bitcoin
BTC
$ 84 971
24h volatility:
0.1%
COURTIC CAPESSION:
$ 1.69 T
Flight. 24 hours:
$ 23.83 B
and USDT trading pairs.
WCT has already been listed on some of the main exchanges of crypto, including Binance, Bybit, OKX and Bitget, to name only a few.
WCT is the native token of the WalletConnect network, an open source protocol connecting cryptographic wallets with decentralized applications.
Thanks to Upbit’s last announcement, WCT joined 36% in the last day. The token is currently negotiated at $ 0.55, slightly down compared to its $ 0.58 summit earlier in the day.
The WalletConnect Token market capitalization oscillates $ 100 million with a daily negotiation volume of around $ 600 million.
According to Coinglass data, WCT has recorded a sudden increase in its short calls. Traders began to bet against assets. Its total funding rate dropped to 0.2% below zero with an open interest of more than $ 90 million.
However, the financing rate has already started to rise, currently at 0.12% lower than zero. This movement suggests the rise of the optimistic interest of merchants for the token.
The WCT price rally occurs while the wider cryptography market wanders under lowering conditions. The global market capitalization of cryptography is down 2.6% and oscillates to 2.63 billions of dollars, according to CoinmarketCap.
Is Upbit the life buoy?
WCT is not the only token to skyrocket after the announcement of Upbit.
The registration of calls for the South Korean exchange brought up bullish momentum
Net
$ 2.43
24h volatility:
1.4%
COURTIC CAPESSION:
$ 1.58 B
Flight. 24 hours:
$ 86.39
8%increase, virtual
VIRTUAL
$ 0.56
24h volatility:
5.5%
COURTIC CAPESSION:
$ 362.71 M
Flight. 24 hours:
$ 86.70
Rallying 28%, vethor
Vtho
$ 0.00256
24h volatility:
10.2%
COURTIC CAPESSION:
$ 229.13 M
Flight. 24 hours:
$ 27.51 M
230%soar.
In October 2024, safely
ON
$ 0.41
24h volatility:
4.0%
COURTIC CAPESSION:
$ 232.44 M
Flight. 24 hours:
$ 8.53 M $
also recorded a 75% rally after the announcement of the Upbit list.
Upbit is the main exchange of crypto in South Korea with a daily negotiation volume of $ 3.1 billion, according to CMC data.
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Wahid analyzes and reports on the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has been presented on some of the main outlets, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. Apart from the reports, Wahid likes to connect the points between Defi and Macro on his newsletter, on Chain Moine.
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