Linea (LINEA) Pre-Market Price Surpasses $3, Exciting Investors

Linea – Layer 2 backed by ConsenSys, the company behind the popular Metamask application, is expected by investors to airdrop in Q1/2025. Currently, the LINEA token is listed on the pre-market, and investors have made initial valuations of this Layer 2.

Here are the observations and notes from BeInCrypto on the community's predictions for this famous Layer 2 token.

LINEA token price on the pre-market exceeds $3, with a valuation of over $3 billion

ConsenSys zkEVM was renamed to Linea in March 2023. Many users have been eagerly awaiting the project's airdrop, but after nearly 2 years of waiting, the airdrop has not yet materialized. Recently, the LINEA token has appeared on the Logx pre-market, reigniting hopes for the airdrop.

Logx data shows that the LINEA price on the pre-market is trading above $3 and has even exceeded $3.6 at times. The fully diluted valuation (FDV) has reached over $3.1 billion. However, investor expectations do not stop there, as when compared to other Layer 2s, investors expect Linea's FDV to potentially reach $8 billion.

"If a blockchain like Mantra with only $4 million in total value locked (TVL) can launch and reach an FDV of $8 billion, then Linea certainly can as well." – Investor Tobi predicts.

At the time of writing, Linea's TVL according to defillama is currently $267 million, a 50% decrease since mid-last year. Many long-term users have participated in Linea's events to earn as many LXP tokens and LXP Points as possible. They believe there is a high probability that the LINEA airdrop distribution will be calculated based on the number of LXP and LXP Points that users have accumulated over time.

According to BeInCrypto's observations, the project has not yet announced the tokenomics details of the LINEA token. However, in the past week, Declan Fox – Linea's Head of Product Development – has published a roadmap up to 2027. In this roadmap, Q1/2025 mentions the appearance of the LINEA token.

"Q1/2025 will allow gas fees to be paid with ERC-20 tokens instead of just ETH. This mechanism utilizes eth_sendBundle to send private transactions directly to the sequencer, eliminating the need to deposit ETH to pay fees. MetaMask has committed to supporting this from day one, allowing users, such as MetaMask Card users, to start with stablecoins and pay gas fees with ERC-20 tokens (including Linea's native token)." – Linea Team revealed.

Last November, Linea shared that they plan to launch the token by the end of Q1/2025, so users are likely to receive the airdrop by March at the latest. Combined with Declan Fox's statement, users have further confirmation of this event. Additionally, on Polymarket, the market is predicting an 84% chance of a Linea Airdrop in Q1/2025.

Although there is no official token yet, this network has become the fastest-growing zkEVM on Ethereum, attracting over 400 partners and projects, indicating great potential for the future. Experts expect Linea's tokenomics to be designed to support the long-term development of the ecosystem, especially as the project is not dependent on venture capital investors, which can often lead to price pressure and concerns for participating investors.

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