This article will delve into the basics of Linda coin, explain how it works, and list its pros and cons. We provide an expert price prediction for the long and short terms.
Linda Coin Price Prediction: 2021, 2022, and Beyond
Cryptocurrency markets are rallying once again, where bitcoin is leading the charge at the beginning of Q4 2021. Hundreds of new tokens that appear in the markets almost every day. With more than 12,000 coins and tokens available, it is clear that some of them are destined to disappear.
This is the case of the Linda coin, one of the first proof-of-stake coins. Nobody really talks about this cryptocurrency, and its website redirects to a blank page. So what happened? Is Linda coin dead? The short answer is “no.” The Linda network is still around and kicking, although it was rebranded into Metrix in 2019.
In this article, we look at Linda coin (now Metrix) and provide some of its network basics along with benefits. We analyze its historical prices to supply you with an honest Linda price prediction for 2022 and beyond. Let’s plunge in.
What Is Linda Coin?
This coin was firstly released during the initial coin offering (ICO) craze in 2017. It was a promising project as it offered an alternative to the energy-hungry proof-of-work (PoW) coins. At the time, it was one of the first projects to work actively towards developing a scalable network with a proof-of-stake (PoS) model.
Consequently, the coin price went through the roof during the 2017-2018 bull market, registering some of the biggest overall market gains. The team behind Linda had provided two solid products that contributed toward its success.
- My Staking Wallet: digital asset wallet that enabled users to stake up to eight different coins and gain passive income. At the time, staking wasn’t as widespread as today, and such passive returns were nearly the first to be seen in the market.
- MyNodePool: third-party software to manage staking nodes for Linda and some other coins that were in close partnership with the platform and used the same staking mechanism.
However, Linda coin fell victim to the 2018 bear market. Its price crashed and couldn’t recover because better-performing competitors were occupying the market. As a last resort, the team rebranded the Linda coin platform into Metrix coin. So if you are looking for Linda on Coinmarketcap, don’t be surprised as it is nowhere to be found. Instead, search for Metrix (MRX) as that is the coin’s new name now.
Linda Historical Price Action
After a low-key ICO in 2017, Linda coin was performing honorably for six months after its release on the open markets. However, during the bull run at the end of 2017, the coin literally reached the moon. The price rose from $0.0001 to $0.01 in just a couple of weeks. This 10,000% increase made it one of the most quickly growing coins in the market at the time.
However, the peak was very short, and the price crashed to $0.0008 by the end of March 2018. Linda never managed to recover from this fall, and its price kept declining slowly during the following years. It reached an all-time low of $0.00001 in mid-2020.
Fast forward to 2021, the MRX coin team released a new whitepaper, with new development promises. The price rallied in March 2021, making a quick 1,000% pump, which was followed by a 90% price crash. Currently, the coin seems to be slowly returning to its lows, with the price continuously declining since the March 2021 rally.
Linda Coin (Metrix) Price Prediction 2022–2025
It’s a challenging task to give an accurate price prediction, because Linda coin is listed only on a couple of exchanges. This means that MRX is highly illiquid, and even small trades could trigger a price rally.
However, this coin has the ability to quickly pump in price. If you are able to detect when such a price movement might occur, you could make some considerable profits. If you wish to purchase some MRX tokens, you can do this on the anonymous cryptocurrency exchange Godex.
As for the price prediction, we are quite bearish about the long-term outcome for Metrix. The price is already low and can be effectively worth zero in the next few years.
The crypto market can be an unforgiving place. The competition is harsh, and some projects have a short life cycle. This might be the case with Linda, a project that failed to deliver on its promises and was ultimately overtaken by the competition. Nevertheless, MRX still has some potential to allow traders to make some quick profits from stock price movement.