Chair

Worldcoin

Raise

Binance, the leading crypto exchange, has announced significant support for Sam Altman’s crypto project, Worldcoin. Notably, positive updates from major exchanges often boost market sentiment, while negative news can have the opposite effect. Having said that, this latest development has sparked speculation about a potential rally in the WLD price. 
<h2 id="binance-extends-backing-for-sam-altman-s-worldcoin">Binance Extends Backing For Sam Altman’s Worldcoin</h2> 
In a recent announcement, Binance revealed that it has added support for Worldcoin on its P2P platform. Users can now trade WLD against several Latin American <a rel="nofollow" href="https://www.binance.com/en/support/announcement/binance-p2p-adds-support-for-new-wld-trading-pairs-c4144b3f73e942dcbf38a0b2b469a442" target="_blank">fiat currencies</a>, including ARS, BRL, CLP, COP, CRC, DOP, GTQ, HNL, MXN, NIO, PAB, PEN, and PYG. 
Notably, this move enables users to buy and sell WLD using various local payment methods, expanding the coin’s accessibility and potentially driving its adoption. Besides, the addition of new trading pairs and the expansion of the crypto’s reach to Latin American markets could significantly boost market confidence in the crypto. 
This latest move to support Worldcoin aligns with its strategy to promote promising blockchain projects and enhance its global reach. By enabling WLD trading against multiple Latin American fiat currencies, the <a href="https://coingape.com/glossary/Crypto-exchange-2/" target="_blank" rel="noopener">crypto exchange</a> is facilitating greater adoption and use of the crypto in these regions. 
This expansion could lead to increased demand for WLD, driving its price higher in the coming months. In addition, the integration of local payment methods on Binance’s P2P platform makes it easier for users to buy and sell the crypto, enhancing its utility and appeal. 
Also Read: <a href="https://coingape.com/us-sec-chair-gary-gensler-to-apparently-resign-in-early-2025/" target="_blank" rel="noopener">US SEC Chair Gary Gensler To Apparently Resign In Early 2025</a> 
<h2 id="what-s-next">What’s Next?</h2> 
The announcement from one of the <a href="https://coingape.com/crypto-exchanges/" target="_blank" rel="noopener">leading crypto exchanges</a> has fueled discussions about a possible rally in the crypto’s price. Historically, endorsements and support from major exchanges have positively impacted the prices of cryptocurrencies. With Binance’s extensive user base and influence in the crypto market, this backing could lead to increased interest and trading volume for Sam Altman’s crypto project. 
Moreover, the strategic timing of this support, amid growing interest in <a href="https://coingape.com/glossary/defi-decentralized-finance/" target="_blank" rel="noopener">decentralized finance (DeFi)</a> and blockchain projects, positions Worldcoin favorably. The ability to trade WLD against a wide range of fiat currencies offers users greater flexibility and convenience, which could attract more investors to the project. 
Meanwhile, several market watchers anticipate that Binance’s support will bolster investors’ sentiment for WLD, potentially triggering a price rally. However, it is essential to consider the broader market conditions and other external factors that may influence the coin’s performance. 
However, despite the positive announcement, <a href="https://coingape.com/price/worldcoin/" target="_blank" rel="noopener">Worldcoin price</a> fell over 5% today to $2.39, after touching a 24-hour high of $2.62. Its trading volume from yesterday rose about 20% to $236.13 million. Notably, its Open Interest (OI) also fell over 10% during writing, indicating that the market is taking a cautious approach before putting their bets into the crypto. 
Also Read: <a href="https://coingape.com/democrats-raise-50m-digital-donation-after-biden-presidential-race-exit/" target="_blank" rel="noopener">Democrats Raise $50M Digital Donation After Biden’s Presidential Race Exit</a> 
The post <a href="https://coingape.com/binance-reveals-major-backing-for-sam-altman-worldcoin-wld-price-to-rally/">Binance Reveals Major Backing For Sam Altman’s Worldcoin, WLD Price To Rally?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Binance Reveals Major Backing For Sam Altman’s Worldcoin, WLD Price To Rally?

Tabla de contenidos

Coingape News Media

Otros artículos publicados el 22 jul 2024

Solana Boosts MEW’s Price Surge

What’s Next For Top Memecoins As Bitcoin Price Hit $68K?

What crypto policies can voters expect from potential VPs under Kamala Harris?

Bernstein Claims Cryptocurrency Market Isn’t “Pricing In” Donald Trump, Reveals Details

Elon Musk Bets Big on Crypto Bull Run with Laser Eyes: Must-Buy Altcoins Now

What's Going On With MicroStrategy Stock Monday?

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!