LINEA (Linea) rose 10.35% in the last 24 hours.

Gate News Bot news, September 22, according to CoinMarketCap, as of the time of writing, LINEA is currently priced at 0.03 USD, having risen 10.35% in the past 24 hours, with a high of 0.04 USD and a low of 0.02 USD. The current market capitalization is approximately 508 million USD, an increase of nearly 47.7 million USD compared to yesterday. Currently, LINEA ranks 125th in global crypto assets market capitalization.

Important news about LINEA recently:

1️⃣ Alpha trading platform goes live to enhance liquidity LINEA has officially launched trading on the Alpha platform of Gate. This move provides LINEA with more liquidity and trading opportunities, which is expected to increase its market exposure and user base, supporting the recent price rise.

2️⃣ Consensys Optimizes Token Management Strategy Consensys has transferred 15% of its LINEA tokens allocation to a qualified custodian for long-term storage. This move aims to optimize token management and may have a positive impact on LINEA's long-term value and market stability, enhancing investor confidence.

3️⃣ Holding Incentive Program Launch Joseph Lubin, the founder of Consensys, stated that users holding LINEA tokens may receive additional token rewards in the future. This plan is related to the amount held and the duration, and is expected to enhance users' willingness to hold LINEA for the long term, potentially reducing market selling pressure and providing support for the price.

From a technical perspective, the price of LINEA has recently shown a fluctuating rise trend, breaking through the previous fluctuation range of 0.02 to 0.05 USD. On the fundamental side, the introduction of new trading platform support and incentive policies has positively impacted LINEA. In the short term, the price of LINEA may continue to be influenced by the overall sentiment of the Crypto Assets market and the specific implementation status of the project.

This message is not intended as investment advice; investors should be aware of market volatility risks.