Worldcoin (WLD), the native utility token of the newly launched Worldcoin cryptocurrency, experienced a significant price spike of 78% after its mainnet launch on Monday. The surge in prices was further propelled by the listing of WLD on Binance, the world’s largest crypto exchange by trading volume. According to CoinGecko data, WLD reached a high of $3.30 on major exchanges.

Summary

The price of Worldcoin (WLD) skyrocketed by 78% after the launch of its mainnet and its listing on Binance. The native utility token of the newly released Worldcoin cryptocurrency soared to $3.30 on major exchanges. CoinGecko reported a trading volume of over $26.4 million for WLD. The token is currently tradable on several centralized crypto exchanges, including Binance, Bybit, KuCoin, and Huobi.

Worldcoin Price Soars as Binance Lists WLD for Trading

As of now, WLD is trading near $2.98 on major exchanges, according to CoinGecko. The price of Worldcoin had surged by 78% at the time, with trading volume exceeding $26.4 million. Binance, the world’s largest crypto exchange by trading volume, added support for WLD shortly after the Worldcoin mainnet went live.

WLD tokens are now available for trading on Binance, Bybit, KuCoin, and Huobi. Binance announced the listing of WLD on Twitter:

Binance will list Worldcoin (WLD).

https://t.co/WmsuRY8YJc pic.twitter.com/7Bja3w7kxF

— Binance (@binance) July 24, 2023

Binance opened spot trading for WLD/BTC and WLD/USDT pairs at 09:00 UTC on July 24. Withdrawals for WLD were scheduled to open on July 25 at 09:00 UTC. Additionally, Binance added WLD as a new borrowable asset on the platform, with the WLD/USDT Isolated Margin pair becoming available 48 hours after 09:00 UTC on July 24.

The listing of Worldcoin on Binance and other exchanges occurred amidst a period of stagnant market momentum in the broader crypto market. Bitcoin’s price remained relatively stable near $30,000, while Ethereum fluctuated below $1,900. The global cryptocurrency market cap experienced a slight decline of about 1%, with major altcoins like XRP, Cardano, and Solana struggling to maintain recent gains.

FAQ

What is Worldcoin (WLD)?

Worldcoin (WLD) is the native utility token of the Worldcoin cryptocurrency. It is used to facilitate various functions within the Worldcoin ecosystem, such as payments, staking, and governance.

Why did the price of WLD surge by 78%?

The price of WLD experienced a significant surge of 78% following its mainnet launch and its listing on Binance, the world’s largest crypto exchange by trading volume. The announcement of Binance’s support for WLD contributed to the increase in demand and trading volume, leading to the price spike.

Where can I trade WLD?

WLD is currently tradable on several centralized crypto exchanges, including Binance, Bybit, KuCoin, and Huobi.

What is the current price of WLD?

As of now, WLD is trading near $2.98 on major exchanges, according to CoinGecko.

What is the market outlook for Worldcoin?

The market outlook for Worldcoin is influenced by various factors, including market trends, adoption, and competition. Investors and traders are advised to conduct thorough research and analysis before making any investment decisions.

Sources: CoinJournal, Twitter