Altcoin
Binance Announces Worldcoin Futures, WLD Price Eyes Run to $4
Crypto exchange Binance on Friday issued an important announcement on Sam Altman’s AI-meets-crypto project, Worldcoin (WLD). The exchange revealed that it is forging ahead with WLD futures listing, echoing a frenzy among market watchers globally. The move comes as WLD price rallied 27% in a week, with anticipation of further upside momentum.
Binance Unveils Perpetual Contract For Worldcoin
According to an official Binance announcement dated September 27, the exchange’s futures arm is launching WLDUSD COIN-M perpetual contract on October 2 at 10:00 UTC. Users can enjoy up to 20x leverage trading the asset on the platform. This move by the top crypto exchange comes as an effort to enhance trade offerings for users.
Meanwhile, the underlying asset remains Sam Altman’s Worldcoin (WLD). However, the announcement clarified that multi-assets mode is not supported for the coin. The tick size set by the crypto exchange remains 0.0001.
Nevertheless, Binance, as usual, clarified that it may make changes to the perpetual contract subject to market risk conditions ahead. The potential changes in the future could encompass adjustments in funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements.
Simultaneously, WLD price’s broader market charts solidified investor optimism on the asset today. The futures listing announcement builds up further optimistic sentiments for the token’s run ahead, driving market interest.
WLD Price Up 27% Over The Week
At the time of reporting, WLD price gained nearly 1% and was trading at $2.10. The coin’s intraday low and high were $2.00 and $2.17, respectively. Intriguingly, weekly charts underscored a 27% uptick in the asset’s value. Moreover, the monthly chart showcased a whopping 40% gain, sparking further optimism.
Notably, Binance’s past listings have fueled a positive impact on a token’s price. CoinGape Media reported Catizen price soared over 30% upon its listing on the exchange. However, it’s also worth mentioning that Telegram P2E Hamster Kombat (HMSTR) price slipped remarkably to date after listing on Binance. This has clouded Worldcoin future price movements as an enigma.
Besides, Worldcoin futures OI slipped 1% to $218.44 million today. Simultaneously, the derivatives volume slipped 26% to $1.47 billion, adding to uncertainty on price movements ahead despite recent gains and the futures listing.
Nonetheless, it’s also worth mentioning that a recent X post by the AI coin’s community revealed a landmark achievement. The AI-meets-crypto project’s World ID got rolled out in three new countries this week. These countries are Guatemala, Malaysia, and Poland. The project’s expansion aligns with its native token’s price gains.
Also, it’s also worth mentioning that a recent WLD price analysis by CoinGape Media revealed that on-chain metrics turned bullish, paving the road for a $4 target ahead. The token faces key resistance at $2.50 and $3.20, a break above which could propel a run to $4 ahead.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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