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Linear Finance has revealed its plans to revolutionize the decentralized finance space. The digital assets firm has launched an innovative Linear Marketplace designed to transform peer-to-peer transactions in the crypto space. The unique platform will support transactions involving NFT Keys and tokens, setting the new stage for flexibility and liquidity within the DeFi industry.
However, the altcoin is still significantly lower from its all-time high of $0.3126 witnessed in March 2021 during the previous bullish cycle.
Linear Finance (LINA) exhibits a bearish outlook following a prolonged downtrend. The altcoin lost around 25% of its value in the last 30 days. LINA has deteriorated despite various positive cues in the crypto market, including a potential rate hike pause by the Fed and the spot Bitcoin ETF debate.
Over the past month, Linear Finance's native coin, LINA, has seen a significant 67% drop in price. This decline comes at a time when the broader crypto market has been generally optimistic due to hints from the Federal Reserve Chair about a potential pause in interest rate hikes.
Crypto analytics firm Santiment says that the prices of eight altcoins are showing signs of moving higher.
