Binance Announces Major Development for Worldcoin (WLD) Futures
On Friday, leading cryptocurrency exchange Binance made a key announcement regarding Sam Altman’s Worldcoin (WLD), an ambitious AI-driven crypto project. The exchange confirmed its plans to launch WLD futures trading, fueling excitement among market participants. This announcement follows a 27% surge in WLD’s price over the past week, with many investors anticipating further upward momentum.
Introduction of WLDUSD Perpetual Contract
In an official statement dated September 27, Binance revealed that its futures platform would introduce a WLDUSD COIN-M perpetual contract on October 2 at 10:00 UTC, offering up to 20x leverage. The introduction of this new trading instrument aims to expand Binance’s offerings and meet growing demand.
Despite the positive news, the exchange clarified that Worldcoin would not support the multi-assets mode. Additionally, Binance has set the tick size for WLD at 0.0001. The platform also emphasized that potential adjustments, such as changes in funding fees, tick size, leverage limits, and margin requirements, could be made in response to market conditions.
The announcement has further bolstered market sentiment around WLD, with the broader crypto market displaying growing optimism toward the asset’s potential.
WLD Price Climbs 27% Over the Week
As of this writing, WLD is trading at $2.10, reflecting a 1% gain on the day. The coin reached an intraday high of $2.17, following a weekly rally of 27%. Over the past month, Worldcoin has posted a staggering 40% increase in value, driving investor enthusiasm.
Historically, Binance listings have had a significant impact on token prices. For instance, the price of Catizen surged by over 30% following its listing, as reported by CoinGape Media. However, not all tokens fare well post-listing—Telegram’s P2E game token Hamster Kombat (HMSTR) experienced a sharp decline after its Binance debut, adding an element of uncertainty to Worldcoin’s future price trajectory.
Currently, WLD futures open interest (OI) has dipped by 1% to $218.44 million, and derivatives volume has dropped by 26% to $1.47 billion. This volatility has left market watchers unsure of Worldcoin’s next price move, despite recent gains and the upcoming futures listing.
Worldcoin Expands Global Reach
Adding to the positive developments, a recent community post revealed that Worldcoin’s World ID service has expanded to three new countries: Guatemala, Malaysia, and Poland. This expansion aligns with the recent price rally, further solidifying the project’s growing footprint.
Moreover, a recent price analysis from CoinGape Media highlighted that Worldcoin’s on-chain metrics have turned bullish, signaling a potential price target of $4. The token is facing key resistance levels at $2.50 and $3.20, and a break above these could potentially propel WLD toward this higher price goal.
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