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By Ankish Jain
Edited by Alexandra Pankratyeva
11:31, 3 May 2022
The Linear Finance (LINA) token price hit a 90-day high of $0.0343 on 21 April, triggered by a new listing on the ByBit exchange. However, it dropped to $0.0184 at the time of writing (2 May), a decline of more than 46%. The token has been trading roughly 94% down from the all-time high of $0.3126, reached on 18 March 2021.
The recent decline came in line with the broader cryptocurrency market sentiment, as many major cryptocurrencies shed value in April. Bitcoin (BTC) achieved a 90-day high of $48,086 on 28 March, but failed to sustain and plummeted by 19% to $38,622, at the time of writing (2 May). Ethereum (ETH), the world’s second-biggest cryptocurrency by market capitalisation, declined by more than 22% from its 90-day high of $3,573 on 3 April to $2,773.
Is the market facing a correction, or are these early indicators of an upcoming crypto winter? What’s the future for Linear Finance’s LINA? Let’s consider the project’s fundamentals and latest developments to get a clearer view of a plausible Linear Finance price prediction.
Linear Finance is a non-custodial, cross-chain interoperable, decentralised finance (DeFi) protocol based on delta-one assets – derivatives that are close to having one-to-one relationships with an underlying asset in terms of price movements.
According to its whitepaper, Linear Finance users can utilise cross-chain swap capability to instantaneously exchange assets across popular blockchain ecosystems and DeFi protocols with infinite liquidity and zero slippage.
Linear is backed by its native LINA token. LINA is utilised for staking and investing. It streamlines the redemption process with cheaper transaction costs. LINA is also a governance token, allowing holders to vote on distribution models, asset listings and oracle selection, among other things.
The Linear protocol’s backbone is a collateralised debt pool secured by the protocol’s native token LINA and other digital and physical assets.
Users that provide collateral to the loan pool can create Linear USD or lUSD, which can then be used to acquire synthetic assets, also known as Liquids, on the Linear Finance exchange. Collateralised assets are then pooled to provide quick liquidity and act as a counterparty.
The protocol is composed of several products, such as Linear Buildr, a decentralised application (dApp) that enables the management of Liquids using LINA tokens and other tokens as collateral. The exchange was built to facilitate the trade of a diverse range of Liquids, while maintaining fast confirmation speeds and solid security.
The LINA coin uses an inflationary architecture to increase staking incentives and promote liquidity mining programmes that improve exchange utilisation and pool stability.
Linear Finance has announced several important milestones and developments lately, which may drive the Linear Finance token price.
Linear Finance released Linear decentralised autonomous organisation (DAO) in February 2022. LINA holders received the opportunity to vote on and propose protocol enhancements and new listings. Any protocol member could use their staked LINA tokens to submit Linear Improvement Proposals (lIPs) and Linear Listing Proposals (lLPs).
lSOL and lMATIC became the first two Linear DAO listings on Linear Exchange in March 2022. lSOL/lUSD and lMATIC/lUSD pairs were added for trading, increasing total market liquidity.
Linear Finance announced the launch of Chaotic in December 2021. Chaotic is a Moonriver-based community-driven delta-one asset protocol. Chaotic enables users to trade long and short positions on their preferred tokens with leverage of up to four times.
CHAOS, Chaotic’s utility coin, had been distributed through airdrop to proponents of the Linear protocol.
According to ICO Drops, LINA launched at an initial coin offering (ICO) price of $0.005, and its ICO concluded on 17 September 2020. Since then, it’s returned an ROI of 46%, according to CoinMarketCap.
Based on the historical price chart from 2020, LINA token price declined from $0.027 on 19 September to $0.0037 on 25 November. It closed the year at $0.0103.
Market sentiment turned bullish for the token in 2021. Its price spiked from $0.0103 on 1 January to the all-time high of $0.3126 on 18 March, a rise of 2,934%. However, the price declined to $0.0217 on 26 June.
The price reached $0.0737 on 7 November. The rally didn’t sustain, and it closed the year at $0.0432.
In January 2022, market sentiment was bullish. The token reached a high of $0.0492 on 4 January. It declined to a 90-day low of $0.0164 on 24 February.
On April 21, LINA was listed on the ByBit exchange. The market reacted positively. The token reached a 90-day high of $0.0343 the same day.
At the time of writing (2 May), LINA was trading at $0.0184 and had a market capitalisation of $66m.
According to CoinCodex’s short-term price outlook, as of 2 May, sentiment for LINA token was bearish. Two technical indicators gave bullish signals and 24 bearish.
All the daily and weekly simple moving averages (SMA) and daily exponential moving averages (EMA), along with the volume-weighted moving average (VWMA) and the Hull moving average (HMA), gave ‘sell’ signals.
The stochastic fast and Williams percentage range gave ‘buy’ signals. The relative strength index (RSI), moving average convergence divergence (MACD), stoch RSI and momentum oscillator kept neutral.
According to the short-term LINA price prediction by CoinCodex, the cryptocurrency could rise 24.18% to $0.023109 on 7 May 2022.
Several algorithm-based forecasting services provided mixed longer-term LINA forecasts for 2022 and beyond:
According to Wallet Investor’s Linear Finance prediction, as of 2 May, LINA token could be a ‘bad’ long-term investment. It estimated that the coin’s average price could decline to $0.00277 by the end of 2022 and $0.00151 by the end of 2025. Its five-year LINA prediction indicated that the token could decline to $0.00114 in April 2027.
The Linear Finance crypto price prediction from Price Prediction was bullish, as of 2 May. It suggested that the average price in 2022 could be $0.030 and rise to $0.044 in 2023. Its LINA crypto price prediction suggested the price could rise to $0.091 in 2025 and hit $0.59 in 2030.
The Linear Finance coin price prediction from DigitalCoinPrice was also bullish. It estimated that the token’s average price could be $0.0244 in 2022, $0.0268 in 2023, $0.0366 in 2025 and $0.0863 in 2030. Its 10-year LINA coin price prediction expected the price to reach $0.0972 in 2031.
When looking for a LINA price prediction, bear in mind that analysts’ and algorithm-based expectations can be wrong. Their projections and target prices are based on fundamental and technical studies of the token’s past performance. Past performance is no guarantee of future results.
It’s essential to do your research and always remember your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your portfolio, and how comfortable you feel about losing money. You should never trade more money than you can afford to lose.
Linear Finance (LINA) is a decentralised, cross-chain compatible delta-one asset protocol that enables creation, management, and trading of synthetic assets with limitless liquidity. It made a 90-day high of $0.0343 on 21 April. Whether the LINA cryptocurrency is a good fit for your portfolio depends on your circumstances and risk tolerance. You should consider the level of risk you are ready to take.And never invest money you cannot afford to lose.
Algorithmic forecasting services DigitalCoinPrice and Price Prediction, as of 2 May, suggested the token had potential for gains. According to Price Prediction, LINA could exceed $0.50 by 2030. Wallet Investor had a bearish LINA forecast for the next five years.
According to the LINA/USD forecast from Price Prediction, as of 2 May 2022, it could go as high as $0.84 in 2031. Please note that algorithm-based price targets can be wrong.
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