Linear is a decentralized cross-chain protocol for synthetic assets with unlimited liquidity that enables users to create, manage, and cost-effectively trade synthetic assets. The project was found in 2019, with its native cryptocurrency LINA being launched the following year. The main vision of the Linear project is to offer transparency, decentralization, unlimited liquidity, and promptness for managing synthetic assets.

Linear is one of the newest blockchain projects in the market and is tapping into the potential of decentralized finance, which in part determines its market value. Linear is simultaneously built on the Ethereum network and Binance Smart Chain, enabling cross-chain DeFi operations.

How is the value of Linear determined and what factors may influence the price of Linear?

If you’ve ever wondered this, then you’re in the right place. We’ve compiled everything you need to get a better understanding of the intricacies of Linear price – and the factors that influence it.

Linear Price History

The price of [guidelink lina] (LINA) is subject to frequent changes and can change radically within a short period due to the volatility that is characteristic of the cryptocurrency market. Over the last decade, the cryptocurrency market has proven to be more volatile than the stock market.

At its launch in September 2020, LINA traded at the price of $0.012, before heading to over $0.03 then dropping to $0.015 in the last days of September. In October 2020, LINA continued to trade on a downward path, reaching new lows at the price of $0.005. Linear reached an all-time low price of $0.0025 in November of the same year. By the end of the month, however, Linear price had recovered to $0.007 and rebounded further in December 2020 with the highest monthly price recorded at $0.016.

In January 2021, Linear reached new highs above $0.04, while the rest of the crypto market was experiencing major rebounds and new all-time high prices. The positive momentum continued in February as well, with Linear reaching $0.11 before sinking to $0.05 at the end of the month. LINA price reached an all-time high of $0.35 in March 2021, before the price dropped to $0.11 a week later. LINA recovered slightly to $0.14 at the end of the month. In April, Linear traded as high as $0.17 before dipping to $0.07, then rebounded to $0.14 in May. The rest of May brought more dips for the crypto market, also causing the value of LINA to drop. The lowest value recorded for Linear that month was $0.032 and LINA continues to change in market value.

Analyzing Linear’s Price History

Linear’s price history can be analyzed with the same techniques and tools that are used to analyze assets in traditional financial markets, such as the stock market. One of the most commonly used techniques is technical analysis, often combined with sentiment and fundamental analysis. By combining the three techniques, traders can create more accurate forecasts of the future value of Linear.

Technical analysis examines price charts and relevant market data concerning the value of Linear and other cryptos in the market. With the help of TA, traders try to make sense of Linear’s past momentum to determine the future movement of LINA price. Data such as trading volumes demonstrate the balance between the buying and selling activity, while price swings are usually indicated by major increases in trading volumes.

TA is often used in combination with fundamental analysis. This technique studies important factors such as the technology of the Linear project, updates, upgrades and developments, the activity of the dev team, listings, mainstream use and utility of LINA, technical capacity, regulations, adoption, and interest from institutional investors. Fundamental analysis uses important news and events to try and predict the way the value of LINA will be affected in the future. LINA coin finds its utility in the sector of DeFi, which is experiencing a rise in popularity and constitutes an important factor in fundamental analysis. Moreover, technical capacity in the sense of unlimited liquidity is another important fundamental element for Linear (LINA). 

Sentiment analysis concerns the overall emotion among traders, investors, and other market participants, ranking sentiment as positive, negative, or neutral. This type of analysis weighs the opinion data collected from various sources and takes into consideration important news and events, both positive and negative for Linear. News about the upcoming updates may affect the value of LINA positively, while negative news may further push the price of LINA down. All of the aforementioned techniques track the changes related to LINA to allow traders, investors, and market analysts to predict the future price of Linear.

Factors Influencing the Price of Linear (LINA)

A multitude of different factors can influence the price of Linear (LINA), causing it to fluctuate and change. One such factor is the limited supply. The finite supply of Linear should help stabilize its circulating supply and acts as an anti-inflation mechanism. The limited supply is the factor that makes cryptos a better store of value in the long run when compared with fiat, depending on the technical value of the coin.

The price of Linear may often move in response to wider economic changes, as in the case of the 2021 rebound that caused the majority of cryptocurrencies to regain previous highs or reach new all-time high prices. In the case of Linear, LINA reached a new all-time high thanks to the collective positive momentum that marked the first quarter of 2021. In the same way that cryptocurrencies can head for a bull run within a collective market trend, cryptos can likewise dip, driven by a mutual negative trend, as was the case with the bearish momentum in November 2020 when LINA dropped to an all-time low.

The fact that Linear represents a cross-chain protocol compatible with both Ethereum and Binance Smart Chain, may also affect the value of LINA in the market. News about new developments, upgrades and listings, and other important factors are some of the defining elements when it comes to the market value of Linear and its token.

Institutional investors enhance the overall trust in any cryptocurrency project, with Linear being no exception. If LINA attracts more institutional investors, the supply would be substantially lowered, while the demand would be on the rise, which would, as a result, cause the price of LINA to spike.

Live Linear Value and Market Cap

The live Linear value is constantly changing and is in perpetual flux to reflect the balance between the buying and selling activity in the market. Due to its high volatility, the price of Linear can change drastically within a short period.

The market cap reflects the total value of all circulating tokens in the market and is equal to the number of LINA tokens in circulation multiplied by the current price of LINA in the market. The market cap ranks LINA compared to its crypto peers and also determines its market share.

Linear Price FAQ

What is LINA used for?

LINA is a multi-purpose token native to the Linear Finance platform. LINA is used for governance, payments, investing, liquidity mining, and for investing in Liquids, which is the official name for synthetic assets created on the Linear platform.

Conclusion

As a protocol for creating synthetic assets powered by the multi-utility LINA token, Linear is a prominent project in the market of decentralized finance. As DeFi is becoming more popular, projects like Linear are gaining more positive momentum over time. Regardless of the popularity of DeFi, Linear price continues to change with the changing conditions in the market and is influenced by a multitude of factors.

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Linear and cryptocurrencies!