Trading volume up, LINA crypto leaps 30%

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Trading volume up, LINA crypto leaps 30%

Trading volume up, LINA crypto leaps 30%

LINA coin, the native token of Linear Finance, a decentralized delta-one asset platform, has been generating a lot of discussions today (20 April). At the time of writing, LINA was up 32.19 percent to US$0.0288 per token, with a massive 1184 percent increase (in the last 24 hours) in trading volume at US$216 million. It’s worth noting that, despite today’s advances, LINA is still down more than 70% in the last year. According to technical analysts, to scale higher highs, the LINA token must first cross and sustain above the US$0.030 barrier. It is difficult to predict if LINA will maintain its current advances at this stage. However, based on today’s volumes, traders have cause to be hopeful.

Linear (LINA) crypto

According to Linear Finance’s official website, it is the first cross-chain compatible, delta-one asset protocol that rapidly creates synthetic assets with high liquidity. Linear’s synthetic asset tokens, commonly known as “Liquids,” provide cryptocurrency users access to traditional investments, including commodities, FX, and market indices. The backbone of Linear’s protocol is its collateralized debt pool, which back by LINA but will ultimately incorporate other digital and real-world assets. Users can create Linear USD by contributing collateral to the loan pool. These Linear USDs can then be used to purchase synthetic assets, also known as “Liquids,” on the Linear exchange. These collateralized assets pool to offer quick liquidity and act as a counterparty.

LINA holders can vote on transaction costs and how much to put into the insurance fund, among other things.

LINA is ranked 390th by CoinMarketCap, with a market value of more than US$99 million. It has a current circulating supply of 3.55 billion tokens.

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