Blockchain Markets
ByAuthor J.D. SmithPosted on
18
0

Linear (LINA) price gains 30% after transition to Binance Smart Chain

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This week Linear Finance (LINA) emerged as a viable competitor to Ethereum-based projects in the DeFi sector that find themselves hampered by congestion and high transaction costs. 

Data from Cointelegraph Markets and TradingView shows that on Jan.13 LINA was trading for $0.0135 with a 24-hour trading volume of $2.3 million. Since that time its price increased by 750% to an all-time high of $0.10 on Feb.12.

LINA/USDT 4-hour chart. Source: TradingView

Originally an ERC-20 based project, LINA transitioned to the Binance Smart Chain in mid-January ahead of its mainnet launch on Jan.28.

On the same day of the mainnet launch, the team also released Linear Exchange to further establish itself as an all-encompassing decentralized finance protocol. Following its release, the price of LINA increased from $0.034 on Jan.29 to 0.082 on Feb.8, boosted by a record $1.56 billion in 24-hour trading volume.

Partnerships and exchange integrations boost LINA price

A scroll through the project’s Twitter feed points to a growing list of partners and exchange integrations that have accompanied the increase in token value and trading volume. The Linear platform is currently integrated with Band Protocol (BAND), which supplies price oracles for all assets helping to create a reliable synthetic asset trading experience.

Through these integrations, all assets built on the exchange are able to be swapped to ERC-20 tokens, enabling users to access both BSC and Ethereum-based DeFi ecosystems with ease utilizing the Linear Swap functionality.

As DeFi continues to expand and projects built on different blockchain platforms gain traction, interoperability will become increasingly important for the ecosystem as a whole.

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Investment Opinion
ByAuthor J.D. SmithPosted on
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0

Here’s how multi-leg options allow traders to profit from $2K Ethereum price

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This week Ether (ETH) price finally broke through the $2,000 level as aggressive institutional inflow through Grayscale Investments products and declining exchange reserves signaled that buying pressure was increasing.

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Ether 60-day historical volatility. Source: TradingView

For example, a March 26 call option with a $1,760 strike trades at $340. In the current situation, the holder would only profit if Ether trades above $2,180 in 39 days, a 21% gain from the current $1,800. If Ether remains flat at $1,800, this trader will lose $300. This is certainly not an excellent risk-reward profile.

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ByAuthor J.D. SmithPosted on
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0

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According to a post from Redditor btcbible, the Bitcoiner ordered a pizza on Dec. 28, 2013 and gave the delivery driver two options for his tip: a $5 bill, or 0.0069 BTC on a paper wallet. The value was roughly the same at the time, given the price of the crypto asset was $774.

However, the driver reportedly contacted btcbible this week for help on getting the funds into a hot wallet. With Bitcoin’s recent rise to a new all-time high of more than $58,000, the BTC is now worth roughly $400, an increase of more than 7,000% since the pizza was delivered hot.

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0

Former BoE, BoC governor Mark Carney joins Stripe board of directors

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“The very nature of commerce has changed over the past decade,” Carney said. “Stripe has been at the forefront of enabling this new digital economy, providing innovative and resilient global payment solutions to businesses large and small.”

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