Recently, a lot of cryptocurrencies have emerged in the market and all trade at different prices. One of the most interesting projects that emerged recently is Linear (LINA).
Ideally, LINA is an Ethereum-based ERC-20 token that provides security for Liquids (using Buildr). The cryptocurrency market has been on a rollercoaster this year with many cryptocurrencies hitting record highs and plunging.
Today, we look at LINA price prediction to determine whether it’s worth adding to your altcoins portfolio in the long run.
LINA also serves as a way of community governance. Linear Finance protocol allows clients to mint, manage and transact synthetic assets. Also, linear dynamic prices grant clients access to conventional assets like Forex. Since it has unlimited liquidity, it lowers the time frames to settle assets. This gives a considerable advantage to high-frequency traders and algorithmic traders.
This article will focus on LINA price prediction to assist traders and investors looking to buy it to grasp the cryptocurrency market prospects. Here is the price forecast to help you understand what to expect in the future about LINA price changes.
What is Linear (LINA)?
Linear Finance refers to a decentralized Delta-one Asset protocol that permits users to create assets with unlimited liquidity. LINA opens existing assets like market indices, forex, and some other thematic sectors to cryptocurrency users. This is made possible by supporting the creation of Linear’s synthetic asset tokens (Liquids).
The protocol comprises different products like Linear Buildr exchange, Linear Swap, and Linear exchange. Linear Buildr exchange allows traders to trade liquid assets based on spot cryptocurrencies and thematic indexes with short settlement timeframes and robust security. Furthermore, through Linear Buildr, users can earn more by building stake because it is a decentralized system that takes various LINA tokens and various cryptocurrencies for staking.
On the other hand, the Linear Swap mechanism makes it easy to save on gas fees. Through it, LINA tokens are composable in different blockchains. This has a positive impact on the growth of LINA prices. Moreover, all LINA token users have direct access to the decentralized autonomous organization (DAO); this enables them to select different proposals and movements. Through this, they help in modeling the growth of the Linear ecosystem.
Notably, Linear exchange makes it easy to trade various liquid assets based on the spot indexes and assets that contain near-real-time trade confirmation. The primary purpose of Linear is to offer a great user experience and high speed and scalability since the protocol has cross-chain capabilities. Precisely, Linear Finance offers an immediate solution for users who need exposure to traditional assets while benefiting from the advantages of powerful capabilities provided by blockchain technology.
Linear Finance Use Cases
- Governance: LINA token holders can vote and choose synthetic asset oracle selection, pledge ratio, distribution models, etc.
- Faster prices: prices can be refreshed at lower rates and higher frequency via oracles.
- Fast transaction and lower transaction fees are possible because of cross-chain compatibility over different blockchains like Ethereum. Furthermore, the approach supports both EVM-compatible blockchains and Ethereum blockchains. This makes it possible for the user to start both EVM-compatible wallets and Ethereum-based wallets. Good enough, Linear can accomplish this action via smart contracts.
Who Are the Founders of Linear?
According to the Linear Finance page, it was co-founded by Drey Ng and Kevin Tai. It also has a small team of individuals, less than a dozen.
What Makes Linear Unique?
As noted earlier, Linear Finance is built under the Ethereum network, a helpful protocol that offers users access to various supported transfer assets and chains. Moreover, with a bonus of digital assets, Linear offers users access to traditional assets like indices, forex, and commodities via changing price feeds. Through this, the problem of ordered front-running that occurs with numerous decentralized exchange DEX protocols is solved.
Additionally, LINA tokens serve as the base collateral to liquids assets. However, users can also use digital assets like Bitcoin or Ethereum to take 20% of base collateral. Linear Exchange offers limitless liquidity for Liquids and keeps the settlement time frame low to one second per block. This makes it suitable for those using algorithmic trading software and high-frequency traders.
Linear finance has promising prospects for users to access traditional synthetic assets and corresponding equities in the short term. Notably, a considerable uniqueness of the property of Linear Finance is the proposed liquidation mechanism, which will be using community governance. Through this, LINA holders will be involved in choosing transaction fees and the amount to allocate to insurance and various options by voting.
How Does Linear Finance Work?
Linear Finance makes it easy for traders and investors to mint and trade several synthetic assets that depend on tangible financial assets. When a user creates a synthetic asset, it is over-collateralized by ℓUSD stablecoin. This makes sure the system remains viable and does not break down. This covers all conditions like extreme volatility and black swan events.
Incentives are imposed on users to maintain a good level of over-collateralization for their synthetic assets by using a rewards system. Rewards like inflation and exchange rewards can be achieved by keeping the preferred level of ℓUSD to the synthetic assets. Additionally, incentives are used to maintain the p-ratio, which also helps maintain the system’s overall health.
In this case, we have a Pledge ratio or P-ratio. This is referred to as the ratio between synthetic assets holding created and the users ℓUSD collateral backing of those assets. The P-ration ensures that liquidity is maintained in the system even in times of high volatility. This is powered by over-collateralizing or over-pledging. For the user to receive LINA rewards, they must keep the ratio of greater than 500%.
The liquidity pools in the Linear system are parts of these transactions. For example, this order makes it easy for limitless liquidity on the exchange, and orders have zero slippage. Additionally, by contributing to the liquidity pools, users can earn LINA rewards.
Linear has had several months of testing, and it went live in February 2021 and performed as anticipated. Since then, users can use the exchange to mint ℓUSD, stake, create and trade their synthetic assets.
Price History of LINA
According to WalletInvestor’s Lina price prediction, on September 14, 2020, LINA tokens were first sold publicly. The selling of the tokens involved two rounds, where the first token was sold for $0.004 LINA. On the second sale, the LINA price was set to $0.0045 each. The plan was to sell for 24 hours, but it was terminated early since it was oversubscribed 40 times more than anticipated. In that matter, an exciting story to follow was set to see LINA’s future price prospects.
LINA Price Prediction 2021
According to LINA projections, the price of LINA is expected to reach $0.0054 in September 2021; then, in November 2021, it will fall $0.0053. An optimistic projection of LINA up to $0.0057 is expected by December 2021.
LINA Price Prediction 2022
By 2022, the LINA coin price is projected to be at $0.0065 and above. However, by June 2022, LINA is expected to fall in value up to $0.0064, then project to $0.0068 by December 2022.
LINA Price Prediction 2023
The LINA price prediction for January 2023 is $0.0069, with a jump to $0.008 in July 2022, as per market analysts. LINA’s price will then rise to $0.0084, recording a 110.7% increase in value.
LINA Price Prediction 2024
In March 2024, the price of LINA will reach $0.0086 and then rally to $0.0107 by November 2024. Nevertheless, by the end of December 2024, it will rise again to $0.0111. It will hover around $0.01.
LINA Price Prediction 2025
By 2025, LINA price will hit $0.013 in January, and in March, it will rise to $0.125. This brings meaningful value to long-term investors.
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LINA Technical Analysis
Though in a real sense it is hardly possible to have 100% accurate technical analysis for Linear Cryptocurrency, TradingView provides an advanced technical analysis tool where you can see the real-time aggregated LINA buy-and-sell rating for a selected time frame set in minutes. This tool bases summary of LINA/USD on popular technical indicators like Pivots, Moving Averages, and Oscillators.
How and Where to Buy LINA?
The LINA coin is listed for trading on popular crypto exchange platforms like MXC and BitMax, and some decentralized exchanges such as Uniswap. Unfortunately, LINA can not be directly purchased with fiat money like other leading cryptocurrencies. However, it is possible to buy LINA coins using ETH, Bitcoin, USDT (Tether), BNB from any large exchange platform.
You will choose any reliable crypto exchange platform that accepts fiat money deposits, like Binance. Binance is popular due to its crypto-to-crypto exchange services. After successfully completing the KYC process, you’ll add a payment method, either credit/debit card or even bank transfer, then buy one of the significant cryptocurrencies like ETH, Bitcoin, BNB, etc.
Once your deposit is confirmed, you can now buy LINA tokens from the exchange.
Any project that can be cross-chain compatible solves significant blockchain issues like gas fees and an excellent user experience. Linear Finance is based on different blockchain projects and possesses all these benefits to the platform users. For example, the LINA token is an ERC20 standard that can unlock staking rewards for users to build synthetic assets, e.g., IUSD. Additionally, users’ synthetic assets can be managed by a portfolio provided by linear for quick and easy trading of assets. The project is still growing day by day, and more prospective investors are chipping in.
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