Binance announced 20x leverage on Worldcoin futures, fueling speculation that the WLD price might reach $4 after a 27% weekly rise.
On Friday, Binance made an important announcement regarding Sam Altman’s AI-driven crypto project, Worldcoin (WLD).
The exchange confirmed it will move forward with listing WLD futures, following heightened excitement among market observers worldwide.
This decision comes after a 27% price surge in WLD over the past week, with further gains anticipated.
Binance Launches Perpetual Contract for Worldcoin
In an official announcement dated September 27, Binance’s futures division revealed the upcoming launch of the WLDUSD COIN-M perpetual contract, which will go live on October 2 at 10:00 UTC.
Users can trade the asset with up to 20x leverage on the platform. Binance clarified that this step aims to broaden its trade offerings for users.
The contract is tied to Worldcoin (WLD), Sam Altman’s project, but Binance noted that multi-assets mode is not supported for this token. The exchange has set the tick size at 0.0001.
As usual, Binance emphasized that it could modify the perpetual contract in response to market risks, potentially adjusting the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements.
At the same time, WLD’s broader market performance has reinforced positive investor sentiment, with the futures listing further fueling optimism and driving interest in the token.
WLD Price Surges 27% in a Week
At the time of the announcement, WLD was up nearly 1%, trading at $2.10. The coin’s intraday low and high were $2.00 and $2.17, respectively.
Over the past week, WLD’s price jumped 27%, and the monthly chart showed a 40% gain, which has sparked further investor confidence.
Historically, Binance listings have had a positive impact on token prices.
For instance, as previously reported a 30% surge in Catizen’s price after its listing on the exchange.
However, the price of Telegram’s P2E Hamster Kombat (HMSTR) has fallen since its Binance debut, casting some uncertainty over Worldcoin’s future price movements.
Moreover, Worldcoin futures open interest (OI) dipped by 1% to $218.44 million, and derivatives trading volume dropped 26% to $1.47 billion.
Despite recent gains and the upcoming futures listing, these factors add to uncertainty about the token’s price trajectory.
It’s also noteworthy that Worldcoin recently achieved a significant milestone.
According to a post from the Worldcoin community, the project’s World ID was rolled out in three new countries—Guatemala, Malaysia, and Poland. This expansion coincides with the token’s price increase.
Additionally, a recent WLD price analysis by CoinGape Media indicated that on-chain metrics are turning bullish, with a potential target of $4.
The token faces key resistance at $2.50 and $3.20, and breaking through these levels could pave the way for a run toward $4.
